Legal Solutions

By Requisition only

LS. NO. 1

Income Tax

Possession of immovable property when delivered to a developer under a joint development agreement, capital gain arises, payable by the property owner because it amounts to transfer under section 2(47) of the income tax act, for the purpose of section 45. Tax is payable in the same assessment year depending on short term or long term capital gain.

Is there any method of saving? Yes

If you need this solution send your requisition with LS. No. to mgk@bangalorelawyer.com

LS. NO. 2

Trademark

When certain foreign goods or products are sold in India with a deceptive or identical Trademark or Trade name or Trade description, infringing the Trademark of an Indian product or goods, can such goods be prohibited / prevented from sale? Yes

If you need this solution send your requisition with LS. No. to mgk@bangalorelawyer.com

LS. NO. 3

Power of Attorney

When the owner of a immovable property executes a power of attorney authorising to sell or transfer the property,

Can the owner himself validly sell the same subsequently, before exercise of power by his attorney?

If you need this solution send your requisition with LS. No. to mgk@bangalorelawyer.com