Dear law experts,
I had handed over my land to a builder for developing flats. As per agreement, 30% of build-up property shall be mine and rest 70% would be of developer's.
Now, I am wondering about these three things:
1. Do I have any tax liability after I get my flats? if yes, its for all developed flats? or on my 30% flats?
2. Who would do registry for other 70% flats to the buyers? me or developer?
3. What legal formalities shall be required for my part of flats? Do I have to do registration for them?
It shall be so great if you can help me by answering my querries.
I am currently not in India and have limited access to people knowing indian legal system.
