• Assetscan-tenants

Important Rights Of Tenants With Lease

January 23rd, 2021|0 Comments

The term tenancy can be defined as the right to possess or occupy land, building, or property through a lease or payment of rent. All the terms of the agreement must be mentioned under the lease agreement. The Transfer of Property Act enshrines the tenant with the lease, certain rights.

  • TDS

Application Of TDS On Residential Property Sale

January 23rd, 2021|0 Comments

TDS is applicable to every property except the agricultural property. Section 194 IA of the Income Tax Act provides that the buyers are responsible to make a payment of 1% of TDS to the government account if he is making a payment exceeding Rs. 50 Lakh to the seller of the property on the transaction of a residential property.

  • Assetscan-Stamp Duty tax

Important Stamp Duty Implications On A Residential Property

January 23rd, 2021|0 Comments

The concept of stamp duty was introduced in the late 19th century which made the homebuyers liable to pay a sum of money as tax while they purchase a particular property. In other words, it can be stated as the tax amount that is charged by the state government on the various documents that are required for registration.

  • Assetscan- partial occupancy certificate

Important Facts About the Occupancy Certificate

January 23rd, 2021|0 Comments

The occupancy certificate is one of the most important documents relating to properties. It is legally mandatory to obtain an occupancy certificate issued as occupancy without the occupancy certificate is illegal and the buyer of the property can be asked to evict the property.


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