Sarita Kumari 09 April 2022
P. Venu (Advocate) 10 April 2022
What is SD? Anyhow, any suggestion depends upon the terms of the agreement?
Anand Bali Adv. (Advocate Solicitor & Consultant) 10 April 2022
Please note an Agreement to sell is anot a sale document it is only an intention showing agreed minds to purchase the particular property.
Now if the Army personal is exempted to pay Stamp Duty on a Sale Deed in Goa you can do it in the way described as below:
1. A sale deed in the name of the Army officer be executed for the full property as a step one. ( here he will be exempted to pay the SD. and the whole property will come transferred in his name
2. after Six months of so he can gift the half portion of the property in the name of his wife where the registration charges of the gift will be applied but not the stamp duty on its registration as she is exempted under Sec 56 of the Income tax Act for the Gift Tax.
It will solve your problem of inclusion of the nme of your wife in half share ( Or Gifted share part) of the property..
Sarita Kumari 11 April 2022
Dr J C Vashista (Advocate) 11 April 2022
Can you please let me know the provision of law (in Goa or else where) where defence personnel are exempted from payment of Stamp Duty / concessional rate of Registration Charges as stated by you ?
Sarita Kumari 11 April 2022