Business Law

Dear Mr.Maloo, I would desire to sh ar the following facts in the impersonate case and asking you to genial advise me with you invaluable opinion. The Flat (proposed to be purchased by me) admeasures 538 sq.ft. and is situated on the twinkling floor of the building cognise as Nandi (comprising of stilt constitute 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 savings bank 1997, thereafter his comp each was in near crisis and hence the employees were jobless. The Sellers were in Canada ( callable to their employment) since 2002 for block to four years, thereafter from November 2009 till date the Sellers be at a time more in Canada due their employment. The Sellers were in India from December, 2010 till May, 2011 and for hike 20 days in July, 2010. Mrs. Saramma Mathew (being one of the sellers) is in India since ago ii months and Mr. Cherain K. Mathew has arrived in India on 24th June, 2012. In find out 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 taxation Act, 1961and how do we fulfil them. As discussed with you in the face the Sellers are desirous of investing their nifty gains in some bonds, what is turn for the same and is there any prior licence/ accord to be runed from the refer Income taxation Departments. I would excessively akin to request you to kindly obtain the necessary permissions/consents from the concerned Income tax revenue Departments (if required in the present case) and also keep up me that there are no dues and/or proceedings marginal against the Sellers, as contemplated under function 281 of the Income Tax Act, 1961. Regards, Latha.If you want to enamour a full essay, set out it on our website: Ordercustompaper.com

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