Purchased agricultural land - need help
This query is : Resolved
05 June 2019
Dear All,
A firm is selling agricultural lands at Hubballi.
This is black soil land and 1-1/2 feet deep we can find that the land is solid, so that it can be fit for construction.
The person who took us for site visit, says he will register the Land on my name after I credit the 5000/- (per month) EMIs to His bank account starting August 2019, which he said he will Whatsapp me his A/c number. This 5000/- I need to pay him for the next 5 years (approx).
He has given the receipt of the said land, and the Non-Judicial agreement paper. I have paid him 25,000/- advance towards Development fee (he says needed for electricity, drainage work, etc).
My first doubt is he says he will register the land on my name after I pay him all the nearly, 60 months EMI.
Says he will take the amount for registration of the land at the cost applicable at that time.
Kindly advise me if this guy (S.S. Developers, Hubballi, karnataka) is a fake one or genuine firm.
A firm is selling agricultural lands at Hubballi.
This is black soil land and 1-1/2 feet deep we can find that the land is solid, so that it can be fit for construction.
The person who took us for site visit, says he will register the Land on my name after I credit the 5000/- (per month) EMIs to His bank account starting August 2019, which he said he will Whatsapp me his A/c number. This 5000/- I need to pay him for the next 5 years (approx).
He has given the receipt of the said land, and the Non-Judicial agreement paper. I have paid him 25,000/- advance towards Development fee (he says needed for electricity, drainage work, etc).
My first doubt is he says he will register the land on my name after I pay him all the nearly, 60 months EMI.
Says he will take the amount for registration of the land at the cost applicable at that time.
Kindly advise me if this guy (S.S. Developers, Hubballi, karnataka) is a fake one or genuine firm.
06 June 2019
This is NOT the way how it should be done. Ask him to register the agreement in the sub registrar office
06 June 2019
Hi Sir
Thanks for the reply.
He has given me the Non-Judicial agreement. Is that not enough, please suggest
Thanks for the reply.
He has given me the Non-Judicial agreement. Is that not enough, please suggest
07 June 2019
No, that is not enough. You need to register the same. If he is not ready to register the same, do not go ahead
Message likes :
1 times
18 July 2019
Sir,
Can I get my 50,000 rupees back.
Is there any way
Can I get my 50,000 rupees back.
Is there any way
19 July 2019
yes, you can very well get your money back. Give him a notice, under a copy to the police station of your jurisdiction.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
