DID YOU CHECK AND VERIFY THE VAT TAX, SERVICE TAX, BESCOM DEPOSIT AND BWSSB DEPOSIT CHARGED BY THE SELLER/DEVELOPER ?


ONE OF OUR READER HAS DONE A CALCULATION OF VALUE ADDED TAX, SERVICE TAX, BESCOM DEPOSIT, BWSSB DEPOSIT, LEGAL CHARGES, GENERATOR CHARGES, STAMP DUTY AND REGISTRATION FEES, WHICH WORKS OUT AT OVER 20% OF THE STATED OR QUOTED PRICE OF THE PROPERTY, APART FROM THE CHARGES PAID OR PAYABLE FOR OBTAINING THE BANK LOAN, WHICH… Read More

A WARNING ON FRAUDULENT TRANSACTION IN HOUSING FINANCE FROM THE REGULATOR


A WARNING ON FRAUDULENT TRANSACTION IN HOUSING FINANCE FROM THE REGULATOR   NHB(ND)/HFC/BP&P/2966/2005 June 21, 2005 Dear Sir, Fraudulent Transactions in Housing Finance It is observed that incidences of fraudulent transactions in the housing finance sector have been growing during the last few years. To share the modus operandi and causative factors of such frauds,… Read More