transfer of immovable property

Of the various methods for transfer of ownership rights in a property “Gift” and “Relinquishment” are two such methods. Both the aforesaid terms serve the same purpose of transfer of property, have similar implications, but the circumstances in which these are executed are different. Gift of immovable property Gift is defined under section 122 of […]

The finance minister Pranab Mukherjee recently rolled back the 1% TDS proposal on immovable properties.The TDS on property sale was proposed by the government of India in the budget 2012-2013. The rollback of the TDS will make the buyer easily accessible for a property transaction. Earlier the entire procedure of the TDS was complicated as […]