Conversion of Doba or Tank or Water Body Land into Homestead Land or Commercial Land in West Bengal

To convert doba/tank or water body land into residential or commercial or homestead land, one has to apply to local municipality as well as the District Land Reform and Land Reform Officer (DLR/LRO) in the given format that is attached below. The cost for conversion is somewhere between Rs. 20 to Rs. 100 per decimal … Continue reading Conversion of Doba or Tank or Water Body Land into Homestead Land or Commercial Land in West Bengal

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Save Capital Gains from selling Co-operative Housing Property

To understand Capital Gains from selling Co-operative Housing Society flat/plot in West Bengal it is important to understand the specific provisions of the Income Tax Act as provided under: a) Section 54: In case the asset transferred is a long term capital asset being a residential house, and if out of the capital gains, a … Continue reading Save Capital Gains from selling Co-operative Housing Property

Agreement For Sale Of Flat By A Flat Purchaser Before Completion Of Flat

THIS AGREEMENT made at  ....................  this ........... day of    ..............., 20…, between X, son of ....................... resident of ........................... hereinafter referred to as the 'Transferor" of the FIRST PART, Y, daughter of  ................. resident of ...........................  hereinafter referred to as the "Transferee" of the SECOND PART and Z, a company, having its registered office at … Continue reading Agreement For Sale Of Flat By A Flat Purchaser Before Completion Of Flat