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Showing posts from February, 2021

Can you buy property in India if you are not a citizen?

  Yes Foreign national resident in India can purchase any immovable property in India. This is because once he is a resident in India, he gets the rights like any other resident. This freedom is however not available to citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal, and Bhutan. A foreign company that has established a Branch Office in India, in accordance with FERA / FEMA regulations, can also acquire immovable property in India. However, it must be necessary to carry on his/her business hence the whip is being cracked on those using this as a loophole to acquire residential property to live in or rent. Non-Resident Indians (NRI), whether Indian citizens or foreign citizens of Indian origin can own any number of property in India other than agricultural land/plantation property/farmhouse A foreign national of Indian origin is "any person who or either of whose parents or any of whose grandparents was born in India as defined in the Government of Indi

Can I have rent agreement in the name of my parents to avail tax benefit?

Yes Those who live with parents, can pay rent to their parents and save tax on HRA. HRA or house rent allowance is the most common allowance received by the salaried. Those who live in parents house can maximize on saving tax through HRA. Ownership of the house:  Since rent is paid to owners, the property must be owned by your parents. It may be owned by one or both of your parents. Remember that you cannot be an owner or co-owner of this property since you cannot claim tax exemption on rent paid to yourself. Paying rent:  You can pay rent to your parents by transferring money to their bank account or pay via a cheque. This way you will be able to claim your HRA deduction properly. Rent agreement and rent receipts:  Usually employers ask for a copy of the rental agreement for their records. They can also request rent receipts to allow you HRA exemption. You can enter into a simple rent agreement with your parents. You can prepare rent receipts by creating a simple template on ms-excel

How do I do an affidavit for a lost and damaged passport?

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  Here is the step by step procedure to make an affidavit for lost & damaged passport Step 1:  Buy two non-judicial e-stamp paper from co-operative bank, court, or sub-registrar near you. (One for affidavit and another for annexure). Each stamp value Rs. 100/- Step 2:  Download the affidavit form. Here is the link  https://bit.ly/2MSg5ui Down load the Annexure form. Here is the link  https://bit.ly/2OxEmWX Step 3:  Fill in the required details in Affidavit and Annexure form Step 4:  Attach one non-judicial e-stamp with affidavit and another non-judicial e-stamp paper with Annexure Step 5:  Meet a notary public near you. Applicant should sign the affidavit and annexure in front of notary public. Step 6:  Notary public seal and attest the affidavit & Annexure. Notary public makes an entry in notary book This completes the execution of an affidavit and annexure for lost & damage of passport An attested affidavit looks like the below image. An attested Annexure looks like the b

Who will retain original copies of sale deed in case of multiple buyers and multiple sellers?

  Buyer retains the original copy of sale deed In the case of multiple buyers, a primary buyer should be chosen among the multiple buyers. Buyers should execute an affidavit that representing 1 among all the buyer. An affidavit must be notarized by notary public. For example: Buyer 1, buyer 2, and buyer 3 represent buyer 1 as primary buyer. So all the buyers execute an affidavit that buyer 1 represents all the buyers. Therefore buyer 1 is responsible to complete the further course of formalities like Khata transfer, name change in electricity board, and water board. Therefore buyer 1 name reflects in utility bills Buyer 1 holds the original sale deed and others can retain the certified copy. We provide the service of obtaining an affidavit and certified copy in Karnataka. To opt for our service, please WhatsApp to 9 7 4 2 4 7 9 0 2 0. Thank you for reading…

What is the time allowed to get a POA registered in India after receiving it from abroad?

  3 months. A POA executed abroad must be attested by Indian embassy or notary public in abroad and adjudicated in India within 3 months from the day of POA execution. We provide adjudication service in Bangalore, to opt for our service please WhatsApp to 9 7 4 2 4 7 9 0 2 0. Thank you for reading…

Where can I find exterior house painters in Bangalore?

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  We provide best house painting service at very affordable cost in Bangalore. We are expert in providing painting service at diverse material ranges from premium, mid and economical segment To demonstrate the quality of our work. Here is the real example of our recent work, we received an inquiry to paint the below building in NRI Layout, Bangalore. This building was last painted 12 years back. We changed the above condition to the below condition. We painted 2 coats for both exterior & interior, we completed this painting job in 15 days. We did this job at very affordable cost. Our customer was happy with the quality of work and price quoted To opt for our service, please Whatsapp to 9 7 4 2 4 7 9 0 2 0. Thank you for reading…