Bhakti Vyas, Apartment Resident
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Handing over parking space back to Society
Q: I am member in society and had brought parking space from builder in 1990 and then sold the parking to the other member in 2009 , now with the new SC rule , the society is troubling me to handover the parking premise saying I have no right to keep them with me and my sale of parking space is illegal . can you provide me judgement copy which says that I have to only handover the parking only once when I sell my flat

Latest Answer: Hi Bhakti, I agree with Deepak, however, you may consider renting out the space if it is agreeable to the housing society. As yet, there are no tax implications on such rental income, but it will be better to check with a tax expert before doing so.

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