Business Law

Dear Mr.Maloo, I would like to sh atomic number 18 the following facts in the birth case and request you to kindly advise me with you valuable opinion. The Flat (proposed to be purchased by me) admeasures 538 sq.ft. and is situated on the guerrilla floor of the building known as Nandi (comprising of stilt grow seven upper floors ) in Kalyan. The Flat is owned by MR. CHERAIN K. MATHEW and MRS. SARAMMA MATHEW (hereinafter collectively referred as Sellers) jointly. Mr.Cherian was in employment till 1997, thereafter his comp either was in almost crisis and hence the employees were jobless. The Sellers were in Canada (due to their employment) since 2002 for refinement to four years, thereafter from November 2009 till date the Sellers are formerly more in Canada due their employment. The Sellers were in India from December, 2010 till May, 2011 and for pull ahead 20 days in July, 2010. Mrs. Saramma Mathew (being one of the sellers) is in India since one-time(prenominal) i i months and Mr. Cherain K. Mathew has arrived in India on 24th June, 2012. In face of the higher up facts kindly advise if the Sellers would be considered as NRIs.

In the yield the Sellers are considered as NRIs what are obligations/liabilities cast upon me (as buyer) and Sellers chthonic the Income impose Act, 1961and how do we fulfil them. As discussed with you in the face the Sellers are desirous of investing their enceinte gains in some bonds, what is procedure for the same and is there any prior licence/consent to be witnessed from the refer Income Tax Departments. I would excessively like to request you to kindly obtain the necessary permissions/! consents from the concerned Income Tax Departments (if required in the present case) and also keep up me that there are no dues and/or proceedings unfinished against the Sellers, as contemplated under segmentation 281 of the Income Tax Act, 1961. Regards, Latha.If you want to fascinate a full essay, target it on our website: OrderCustomPaper.com

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