Legal Question in Consumer Law in India
puchase flat
is right to purchase flat which builder demand black money 80% & white money 20% for agreement
7 Answers from Attorneys
Re: puchase flat
No don't go for it.
Re: puchase flat
in my opinion it is not correct . The income tax act would presume that whatever is index price i.e. market value is incurred and tax would be applicable on such amount and not 20 % as stated by builder
Re: puchase flat
It is not advisable to purchase a flat on such terms and conditions as you can never claim the amount that you pay as black money to the builder. In case of any contingency your claim amount will be limited only upto the amount that you are able to prove that you have paid.
Re: puchase flat
It is not advisable to purchase a flat on such terms and conditions as you can never claim the amount that you pay as black money to the builder. In case of any contingency your claim amount will be limited only upto the amount that you are able to prove that you have paid.
Re: puchase flat
It is not right to make any payment without receipt and without the amount being mentioned in the agreement / sale deed.
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