What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996. Similarly, the seller obtains the right to obtain the buyer`s consideration in accordance with his part of the terms and conditions. A single “sale agreement” reflects the true nature of the transaction between the owner/developer and the buyer. It can be argued that the transactions in which it acts, that the land that pays stamp duty is not taxed on the sale of goods or services that attract VAT or tax on services. To reinforce one`s own case, one could consider registering the “sales agreement” to the sub-registry. The department may claim the transaction as taxable. To mitigate the impact of taxes, it is advisable to have an all-inclusive price for the buyer. The “sales agreement” or other documents/brochures, etc., should not collect customers towards taxes, as taxes are not collected. In order to later mitigate the difficulties resulting from the collection of taxes, if any, by the service, it is advisable to maintain the appropriate bank deposits corresponding to or above the amounts of tax. Some developers also believe that a customer`s “business” would suffice. Others also look at trust accounts on which funds collected in the form of “deposits” can be deposited to deal with possible future disputes.
“Locked-in property can only be transferred by a transport permit (deed of sale), duly stamped and registered legally. We therefore assert that goods can only be transferred/transported legally and legally through a registered transport obligation. New construction and sales contracts protect the owner by ensuring that the individual is paid for his work while protecting the buyer from the sale of the house to someone else. In addition, there are several things in the contract that you should look for: This absolute rule is subject to the exception of Section 53A of the Transfer of Ownership Act. Section 53A provides that the seller has no right to disturb the purchaser`s possession if the purchaser has entered into possession of the property that is the subject of the transfer, while fully acquiring its portion of the contractual obligation.