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Showing posts from August, 2024

Understanding the Basics: Sale, Lease, and Mortgage Explained(lease\Sale deed registration in delhi)

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When it comes to property transactions, terms like "sale," "lease," and "mortgage" are commonly used, but they can be confusing. Understanding the differences between these concepts is crucial for anyone involved in buying, renting, or financing property. Let's break down these basic concepts in simple terms. Sale deed registration  delhi | Succession Planning Services Delhi| Best Delhi Lawyers for Wills / Trusts   Sale: The Complete Transfer of Ownership A sale is a transaction where the ownership of a property is fully transferred from one person (the seller) to another (the buyer). Once the sale is complete, the buyer becomes the new owner of the property, with all rights and responsibilities attached to it. The seller, in return, receives the agreed-upon payment, and their connection with the property ends. In simple terms, a sale is like buying something from a store—once you pay for it, it's yours, and you can do whatever you like with it...

PROPERTY LAW AND THE ANCIENT SCRIPTURES (Top Lawyers For Property Case in Delhi)

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Property Consultant Website | property registration in gurgaun | Top Lawyers For Property Case in Delhi Property law refers to the laws and regulations that govern the ownership and use of land, buildings, and other tangible and intangible assets. In ancient India, the property law was described in Hindu scriptures such as the Mahabharata and Ramayana. These scriptures are considered to be the source of traditional Hindu law and provided guidelines for property ownership, inheritance, and other related matters. lease deed registration in delhi | Best Delhi Lawyers for Wills / Trusts | Top Notary Services in Delhi The Mahabharata is one of the two major Sanskrit epics of ancient India, dated to the late 4th Millenium BCE, although portions were added to it until much later in the 4th century BCE. It narrates the struggle between two groups of cousins in the Kurukshetra War and the fates of the Kaurava and the Pāṇḍava princess and their successors. The original authorship is genera...

WHAT IS CONVEYANCING?(Lease deed registration in delhi)

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  A legal document is a written instrument that records and formalizes an agreement, obligation, or other legally enforceable act. It is a communication tool in the legal sphere designed to express and enforce rights, responsibilities, or procedures under the law. Conveyancing is the branch of law which dealt with modes and forms in which the expression of intention to transfer a property must be shown in a deed, so that it takes effect. Conveyancing deals with the modes and manner in which a transfer of property should take place in order that it may serve as an effective and a valid transaction. lease deed registration in delhi | Best Delhi Lawyers for Wills / Trusts | Top Notary Services in Delhi The word ‘conveyancing’ may be said to comprise all the transactions by which legal rights are created and legal relations between persons are brought in existence. It is generally that branch of law which governs and is related to the drafting of documents. The science of drafting is c...

HISTORY OF RIGHT TO PROPERTY THROUGH THE LENS OF CONSTITUTION(Top Lawyers For Property Case in Delhi)

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  The right to property ceased to be a fundamental right by the Constitution (Forty-Fourth Amendment) Act, 1978, however, it continued to be a human right in a welfare state, and a Constitutional right under Article 300 A of the Constitution. Article 300 A provides that no person shall be deprived of his property save by authority of law. The State cannot dispossess a citizen of his property except in accordance with the procedure established by law. The obligation to pay compensation, though not expressly included in Article 300 A, can be inferred in that Article. The Right to private property was regarded as a fundamental right under Article 31 of the Indian Constitution until 1978. But at present, the Right to property viz. “No person shall be deprived of his property save by authority of law” as enshrined in Article 300A, as inserted by 44nd Constitutional Amendment.  Earlier, The Constitution of India used to protect the property right in many ways:-. Top Lawyers For Prop...

A Guide To Tax Compliance For Sole Proprietorships (Top Lawyers For Property Case in Delhi)

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As a sole proprietor, you're the captain of your own ship. Nevertheless, great power comes with great responsibility, particularly in the area of taxation. Let's face it: tax compliance isn't exactly the most thrilling part of running your business, but it's crucial for keeping Uncle Sam happy and your venture sailing smoothly. Top Lawyers For Property Case in Delhi | Best delhi Lawyers for Succession Certificate | property registration in delhi First things first: recordkeeping is your new best friend. Think of it as the compass that'll guide you through the choppy waters of tax season. Keep tabs on every penny that comes in and goes out. Those coffee receipts from client meetings? Save 'em. That shiny new laptop? Track it. Your meticulous records will be a lifesaver when it's time to file. Now, let's talk about estimated taxes. Unlike your employed pals who have taxes withheld from each pay check, you're on your own here. The IRS expects you ...

Sale Deed and its Registration – Step by Step Process(Top Lawyers For Property Case in Delhi)

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Sale deed is a legal document evidencing that the sale is complete. It contains details of the buyer, seller, area, location of the property, and consideration details. The sale deed has to be registered with the sub-registrar under whose jurisdiction the property situates but before registration make sure that full consideration is paid. Only registered sale deed has legal value in the eye of law. Section 54 of the Transfer of Property Act, 1885. define “sales” that means the transfer of property or transfer of ownership from the seller to the buyer for the consideration of money paid, partly paid, or promised to pay. Top Notary Services in Delhi |  Top Recovery Agents in Delhi  |  Top Lawyers For Property Case in Delhi Process of registration of sale deed: Step 1: Preparation You must pay the total consideration amount as per the agreement to a sale before registration of the sale deed. Next thing you should remember that there should not be any arrears due on a propert...