Bengaluru Legal Corner
- TDS is applicable on sale of immoveable property (other than agricultural land) wherein the sale consideration of the property exceeds or is equal to Rs 50,00,000 (Rupees Fifty Lakhs). TDS must be paid before registration of a property.
- In W.P. 2201/2012 the Division Bench of the Karnataka High Court declared that public properties/buildings/ lands such as playgrounds shall not be named after “any living person” especially a sitting MLA who is a public figure and who is certain to gain advantage from such naming. The MLA may immortalize his name by naming his own properties under his name but not misuse public funds for such purpose. Where the Counsel for Respondent submitted in defense that various public buildings had been named after “living politicians”, the Court said that any person may approach the court for remedial measures.
- Karnataka Rent Act
Under Section 20 Estate Agents engaged in brokerage of houses are liable to be registered with the Rent Controller & file Quarterly Return of the transaction. Rule 20 prescribes half of the rate of one month as brokerage or commission.
1. Provident Fund & ESI.
3. Tax, Excise &customs.
5. Bail, Defence & prosecution.
6. Cheating, Forgery, Extortion,
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22 REASONS TO INVESTIGATE PROPERTY TITLE
Title means ownership of right to property which is legally enforceable. While purchasing a property, it is necessary that a buyer consults a lawyer, as he is the only person who will be able to tell whether a property has a clear and absolute title without any hassles. Investigation means finding the actual existence of this owner in all government records
1. Withdrawal of prosecution launched against MLA for obtaining huge amount on fabricated medical bills cannot be made recommendations by Ethics Committee.
2. Child born to an estranged couple cannot be subjected to DNA test only because husband has made paternity of child a prestige issue.