To convert doba/tank or water body land into residential or commercial or homestead land, one has to apply to the District Land Reform and Land Reform Officer (DLR/LRO) in the given format that is attached below.
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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:
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If disputes arise in a co-operative housing societies located at Kalyani, Krishnanagar, Nadia, Salt Lake, or any part of West Bengal then such disputes are to be referred to the Deputy Registrar or Assistant Registrar of Co-operative Societies in West Bengal.
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Hypothecation legally means providing something as collateral for any form of debt. However, although a collateral security is provided the debtor usually does not have to turn over physical custody of the collateral although the lender is “hypothetically” in control of the collateral.
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You must check the following before embarking upon buying any property, be it a house, land or an ownership flat or even a Co-operative society flat.
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The concept of “Non Resident Indian” has been defined differently under various statutes such as the Income Tax Act, 1961 and Foreign Exchange Management Act (FEMA), 1999.
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A cooperative housing society in West Bengal is formed under the West Bengal Co-operative Societies Act, 2006, which however came into force in 2010.
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The Indian housing industry is rapidly surging ahead as demand for property is a never-ending constant truth of life.
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Land continues to be of growing importance in today’s age of technology and development and the essence of land is etched deep within the history of India.
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In 1949, the State of West Bengal enacted the Calcutta Thika Tenancy Act, 1949 with effect from 28th February, 1949 for better provisions relating to the law of landlord and tenant in respect of thika tenancies in Calcutta.
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