Sir,
i hav buy a landin mumbai in 1988 for rs 20 lacs .
the property was not registed and was in dispute since years.
recently i may get the possession of these property it is worth now of 35 crores . if i develop and sell .
wat would applied tax to me. and how could i save it.
Asked on 12/23/09, 2:20 am
1 Answer from Attorneys
Rohini Kumar Tenneti
R.K.1080 LEGAL SERVICES
More details are required to answer your query,as exact dates of purchase etc.But the entire issue sepends whether the property belongs to you or not because of lack of registration in your name.Contact with more details.
Answered on 12/25/09, 12:36 am
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