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Category: Legal

Home » Must Knows » Legal » Page 36

Property Trends
By Housing News DeskMay 29, 2023

3, 4-storey buildings in Noida to have lifts

Three-and-four-storey buildings in Noida may soon start building lifts with the Noida authority giving an approval to a proposal to this effect in its December 2022 board meeting, The Times of India reported. A … READ FULL STORY

Legal
By Sunita MishraJanuary 19, 2023

Tenants must be informed about land acquisition by states: Karnataka HC

State governments are obligated to inform all parties with an interest in land or property at the time of its acquisition, the Dharwad Bench of the Karnataka High Court (HC) has ruled. While giving … READ FULL STORY

Legal
By Sunita MishraJanuary 13, 2023

How to get HRA exemption on rent paid to family members?

Is a large part of your salary getting deducted in taxes since you stay with your parents or other family members and you are not able to claim HRA (house rent allowance) exemptions? The … READ FULL STORY

Legal
By Housing News DeskJanuary 17, 2023

Lien meaning in banking: Types and lien removal

Liens are legal claims over assets that forbid sale of the said assets until the loan obligation is paid off. The assurance that liens provide is beneficial for the lenders. Certain liens, such as … READ FULL STORY

Legal
By Sunita MishraApril 5, 2023

Mamlatdar: Duties, Functions and Responsibilities Explained

You may have head of the term mamlatdar oftentimes, especially in reference to revenue and land matters in Gujarat, Maharashtra and Goa. In Gujarat. For instance, to apply for a legal heir certificate, citizens … READ FULL STORY

Legal
By Housing News DeskJanuary 3, 2023

Notarised documents: Definition and process to get documents notarised

Notarised documents are a great way to prove you were at the same place and time as your notary public. They’re also instrumental in verifying that your documents are genuine and haven’t been altered. … READ FULL STORY

Legal
By Sunita MishraJanuary 2, 2023

What is the difference between sale and gift deed?

The name makes it obvious to a discerning buyer. While a sale deed is executed to formalize property sale, a gift deed is executed if the same property has to be gifted. However, a … READ FULL STORY

Current News
By Sunita MishraJanuary 2, 2023

Demonetization legal, rules Supreme Court

The Supreme Court on January 2, 2023, upheld the Centre’s decision to demonetise currency notes of Rs 500 and Rs 1000 denominations in 2016.  Being the Executive’s economic policy, the note ban move cannot … READ FULL STORY

Legal
By Harini BalasubramanianDecember 29, 2022

Share certificate: Definition, meaning, procedure for issue in housing society

The managing committee of a housing society has the responsibility to issue share certificates. Just like the sale deed is an important document that the rightful owner of a property has in their possession, … READ FULL STORY

Property Trends
By Housing News DeskDecember 26, 2022

NCLT asks CCI to re-examine order offering relief to DLF, subsidiary

The National Company Law Appellate Tribunal (NCLAT) has set aside a 4-year-old order by the Competition Commission of India (CCI) in which the latter had provided relief to real estate developer DLF and its … READ FULL STORY

Legal
By Sunita MishraJanuary 9, 2023

Property transferred to mother for Rs 5 lakh not gift: ITAT

Property gifted to mother for a negligible amount of Rs 5 lakh would not amount to as gifting, the Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) has ruled. In its order dated … READ FULL STORY

Current News
By Housing News DeskDecember 22, 2022

Govt mulls changes in IBC for faster builder insolvency resolution

The Centre is mulling changes in the insolvency law for faster wrapping up for builder insolvencies, reported US news agency Bloomberg.  According to the report, which quoted unnamed sources, the changes in the Insolvency and Bankruptcy Code (IBC) … READ FULL STORY

By Housing News DeskFebruary 24, 2023

Is MICR code different for each bank branch?

Thousands of financial institutions make up India’s extensive banking system. Every day, millions of transactions are completed, with amounts varying widely by region and culture. So, recording the trades is crucial. Reserve Bank of … READ FULL STORY

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