the agreement letter of selling of any property be got registered?
It depends upon the circumstances at the time of the drafting of agreement
letter. If the sale-agreement-letter is with Sale Deed, then, there is
no possibility for controversy & there is no to get the Sale-agreement-letter
registered. Otherwise, according to the Transfer of Property Act., each
& every documents concerning to the immoveable property, must be got
registered. Under Indian Evidence Act., the documents, not registered,
aren't recognised as evidence. If the possession of the property is not
given, its sale -agreement can be registered by paying the required stamp
much is the maximum rebate payable on the interest of the Loan for the
construction of one's own house?
Maximum Rs.30, 000, as rebate can be demanded on the interest of the Loan
for one's own house. If the Loan is taken after 1st April 1999 and, within
the three years since the financial year wherein the house was bought
or constructed, Income-tax rebate is being demanded, then, maximum Rs.
1.50 lakh can be obtained as rebate on the interest.
is liable to pay Income-tax on the earnings through the rent of a residential
Income-tax is payable only when the residential property is under someone's
ownership. The would-be rent amount to the owner of residential property
should be shown in the Income-tax return.
a property at Indore. Can I mortgage it for Home-Loan?
Home-Loan can be acquired for any residential purpose & no other property
is required to be mortgaged for that. Thus, your having a property at
Indore does no matter.