– HRA income tax deduction: many prestigious companies stipulate that their employees attach copies of registered agreements when claiming HRA. Under Section 49 of the Registration Act, all leases must be registered with the sub-registry office for a period of 11 months. On the other hand, it is not mandatory to register a rental contract of less than 11 months. Delhi has moved from traditional stamp papers to Stock Holding Corporation of India Limited`s (SHCIL) e-stempeling system. Electronic stamped contract documents can be obtained from electronic stamp suppliers and the project can then be printed on these documents. The Supreme Court also reaffirmed the importance of the contract of sale between the owner and the purchaser, since it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the owner-buyer agreement and not from the date of registration of the project under the Real Estate Act (regulation and development). , 2016. The court also ordered the rera authorities to order the payment of compensation by the contractor, in accordance with the sales contract whose unsealability was upheld by this decision. For the tenancy agreement between 1 and 4 years, you must buy stamps worth 2 per cent of the total annual rent. A deposit of 100 thousand people must also be paid. A purchase agreement is an agreement to sell a property in the future.
This agreement sets out the conditions under which the property in question is transferred. “Any sales contract that is not a registered promotion (nature of sale) would fall short of the provisions of section 54 and 55 of the Transfer of Ownership Act and would not confer ownership and would not transfer any right to purchase property (except for the limited right granted under Section 53A of the Transfer of Ownership Act).” The sale contract may or may not lead to an effective sale of the property in question. Some stamp tax laws, such as the Maharashtra Stamp Act, consider that an agreement to sell a property on the same basis as a proper transport record, as well as a proper transport record, are subject to the same stamp duty as the one in force for the proper sale of a property. Under these provisions, which require the payment of stamp duty on a sales contract, a sale agreement is wrongly considered a good act of sale. If the seller does not sell or return the property to the buyer, the buyer is entitled to a special benefit in accordance with the provisions of the Specific Relief Act of 1963. A similar right is available to the seller as part of the agreement to require a certain benefit from the buyer. What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996.