Property. transfer on gpa
This query is : Resolved
13 December 2013
sir, I wanna to known that I had puchased plot on GPA in 2007 then I construct a multi on that plot an sale flats to other parties....in proper sale registery...is transfer to nd then to third party is valid or not....????
13 December 2013
as such the courts banned sale through GPA. In Delhi, sale through GPA was allowed to a limited extent.
Refer: https://articles.economictimes.indiatimes.com/2013-07-22/news/40727973_1_general-power-immovable-property-property-sale
Regardless, the above, for income tax purposes, the sale would be considered valid.
Refer: https://articles.economictimes.indiatimes.com/2013-07-22/news/40727973_1_general-power-immovable-property-property-sale
Regardless, the above, for income tax purposes, the sale would be considered valid.
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