Cher ijk, 1 – Are the three mortgages in common? One of these qualities are ancestors? 2 – As the real estate is in his name, he has the right to sell the real estate without the agreement of the legal heirs. “Property acquired by himself is any property purchased by a person from his resources, or any property that he acquired as part of the division of an ancestral property / co-archaire or that he acquired as a legal heir or through a testamentary document such as the “will”, etc.” Does not the banker/your mother have the possibility to mail the copy of the contract, you sign it and let it complete the remaining formality? Just ask! If you want to get simple written proof of your loan, a debt certificate would be correct. You can only mention the loan amount and a few simple clauses and the repayment date etc. Another way to make your credit legally valid and safe is to enter into a credit agreement. A credit agreement is more expensive than a debt instrument and you can add as many terms and conditions as you deem necessary. You can also provide some specific and detailed details of the loan, such as delay, penalty, legal heirs, termination, guarantees, guarantees, etc. My neighbor received in February 2014, four days before his son`s wedding, a loan from r. 4 Lakhs and said that the loan will be returned in six months with an interest rate of Rs. 2.00 per month. A debt receipt drawn. Interest payments were also overdue.
Thank you for your proposal, this may be the only solution. But if the lender does not agree, in the worst case, when we go to court, how much we have to pay. (Stamp paper says 4 Lakhs with 2 rupees of interest from 2016). Please give your thoughts to my dear Patrick, I have no expertise on this. Offer to consult a lawyer or accountant specialized in aspects related to INI / foreign investors. Yes, definitely don`t lend your money by simply making a note or credit agreement. I want a loan of Rs 4.00.000/- I am willing to take a stamp paper writing of Rs 100/- who has to pay the stamp tax lender or Borower My uncle is a farmer and he owns a new house (ground floor and first floor) and agricultural (1.67 Acres) worth 33 Lakes. With my money, he paid bank loans that he took out to others for higher interest rates.
He refuses to pay me interest and plans to pay the principal in installments, provided he makes a profit in agriculture. Dear Kartika. It depends on the conditions set out in the agreement. Has this clause been included in the agreement that you must recover the advances if the buyer is unable to purchase the property? I want to give my family 5 Lakh rupees on interest with 2% per month. So, please, offer me how to give him a loan with all my guarantee. Wait for your answer. Dear Sarfaraz, you are not paying interest correctly, so no u/s 24 tax benefits. You cannot claim refunds at u/s 80c. This only applies if you take out the loan from a bank or financial institution Both can enter into a formal agreement, so there are no problems and can handle any tax notice (if any).
Do tax stamps contain the year of printing above? A friend of mine wants to invest in my impending startup in India, but he and I are currently living abroad, he also wants to invest the money for equity in the contract document before I register the company. It`s possible? A solution? However, the tax deduction provided for in Article 24 of the Income Tax Act may be claimed as a tax deduction on interest paid on loans. The main criterion is: “The credit should not be for personal use.” It is therefore always advisable to make the loan process legally valid and written….