purchase of property
This query is : Resolved
29 June 2017
I gave an advance towards purchase of property to a company in 2012. Due to legal issues on land, project never completed.
Developer is not returning money. Instead he is willing to register similarly priced plot in another project under different company.
Only one partner is common between these 2 companies with whom I am talking. There are different partners though minor share.
He says it's OK to mention the old check number issued in 2012 in sale deed.
Is it OK? any issues legally from ownership point of view and tax point of view
CA R SEETHARAMAN
(Expert)
29 June 2017
Have sale agreement from the new company mentioning the old cheque No. and then register sale deed mentioning old cheque.
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