VERMA & ASSOCIATES
GAJANAND VERMA
41 Years Exp
Relinquishment deed (Show More)
Jaipur , Shyam Nagar (Jaipur)
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Information
Overview
This agreement is not the best way to transfer a property to someone without involving any monetary transactions. This method allows the owner to transfer a property to a co-owner. This sort of transfer is also irrevocable. This involves a relinquishment deed that needs to be signed by both parties and registered at the sub-registrar’s office. A stamp duty needs to be paid during the registration process. However, the stamp duty needs to be paid only on the portion of the property that is being relinquished and not on the total value of the property. When compared to the gift deed, this deed has the problem of being taxable, if the relinquishment is for monetary gains, and not inclusive of any discounts if the property is being relinquished to a relative
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Name : GAJANAND VERMA
Law Firm Name : VERMA & ASSOCIATES
Country : India
City : Jaipur
State : RAJASTHAN
Practicing Since: 1984
About Your Firm : Verma & Associates is a Proprietary Firm practicing in Taxation (Income Tax & GST), Corporate (Incorporation of Company, LLP and compliance's thereof ), Project Report & Financing from Banks, Formation of Trust, Preparation of Sale, Lease, Franchisee Agreement, Affidavit, Will, Partnership deed and all kind of deed
Manpower/Employee Details
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Gajanand Verma | R/101/91 | 14649/R/101/91 |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
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Subject : Difference between a "mortgage" and a "lease"?
Question : What is the difference between a "mortgage" and a "lease" Please explain
Answer by VERMA & ASSOCIATES : Mortgage: Property pledged against financial commitment (Loan) with any financial institution
Lease: Property occupy for a certain period for use on monthly consideration
Subject : Drafting a Will
Question : Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?
Answer by VERMA & ASSOCIATES : Yes, you can make will of under construction property in favour of your son, even though will can be made of any property to be acquired in future
