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Frequently Asked Questions
With lots of unique questions, We will be answering most of the Frequently Asked Questions here.
In India, property inheritance laws vary depending on personal laws based on religion and, in some cases, the specific state laws. For example, if the stepfather follows Hindu personal law, the Hindu Succession Act, 1956 governs the inheritance of property. Under this act, a daughter, whether biological or adopted, has an equal right to inherit ancestral property and can also inherit self-acquired property of her father.
If a wife runs away with property papers, it can be a distressing and complicated situation for the husband.Keep a record of the incident, including any relevant dates, communication, or evidence related to the wife running away with the property papers. This documentation can be useful for legal purposes.
The property is divided between the couples. (both movable and immovable property).If the couple divides the property by mutual consent, then there is no problem otherwise, the court has to intervene in the matter.
In India, the rights of a wife on a 3 BHK flat or any other property in the event of her husband marrying another woman depend on various factors, including the applicable personal laws, the nature of the property, and the specific circumstances of the case.
The rights of a wife on her husband property are typically governed by personal laws, such as the Hindu Succession Act, Muslim Personal Law, or Indian Succession Act, depending on the religion and applicable customary practices of the couple.
The amendment to the Act in 2005 ensures that daughters have equal rights as sons in ancestral property. They are considered coparceners and have the same birthright, share, and interest in the ancestral property of their family.
As an NRI (Non-Resident Indian), you have several options for investing money in India, including property and stocks. The choice between the two depends on various factors such as your investment goals, risk tolerance, investment horizon, and personal preferences.
There is one Indian Act that has significant details and declares the rights of the tenants. A tenant is afforded a number of fundamental rights under the Rent Control Act. These rights include the right to be protected against unlawful eviction, the right to pay reasonable rent, and the right to have access to necessary services, amongst others.
The Real Estate Regulatory Act (RERA) is a landmark legislation with the overarching goal of protecting the rights of real estate buyers while also increasing market efficiency, openness, and responsibility. Before advertising, selling, or offering real estate (such as flats or buildings) for sale, the Act mandates that all real estate projects and agents register with the state-level Real Estate Regulation Authority (RERA). Moreover, it requires the developer to set aside an escrow amount of money to be used only for the purpose of completing the project on schedule.
It is essential for homeowners to receive occupancy certificates before occupying a building or a unit within a building. This is done to guarantee that the building was constructed in accordance with the approved designs and that it complies with all of the relevant legislation and norms. This contributes to ensuring the residents of the building as well as the neighborhood that is immediately adjacent to it, remain safe and healthy.
As per IT Act Section 194IB, if a Tenant is paying monthly rent more than 50,000, he must deduct 5% TDS from Rental Amount and pay that 5% Amount to Government directly as TDS Amount.
If Tenant is paying monthly rent more than 50,000 and still does not deduct 5% TDS on rent, he has to pay interest of 1% Per Month as Penalty on top of 5% TDS Amount.
