Business Law

Dear Mr.Maloo, I would like to sh ar the following facts in the posit case and request you to kindly advise me with you invaluable opinion. The Flat (proposed to be purchased by me) admeasures 538 sq.ft. and is situated on the instant floor of the building known as Nandi (comprising of stilt chance on 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, thenceforth his compevery was in almost crisis and hence the employees were jobless. The Sellers were in Canada (due to their employment) since 2002 for cheeseparing to four years, thereafter from November 2009 till date the Sellers are in one case more in Canada due their employment. The Sellers were in India from December, 2010 till May, 2011 and for win 20 days in July, 2010. Mrs. Saramma Mathew (being one of the sellers) is in India since sometime(prenominal) ii months and Mr. Cherain K. Mathew has arrived in India on 24th June, 2012. In great deal 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 tax Act, 1961and how do we fulfil them. As discussed with you in the face the Sellers are desirous of investing their crown gains in some bonds, what is procedure for the same and is there any prior licence/consent to be discovered 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 theatrical role 281 of the Income Tax Act, 1961. Regards, Latha.If you want to fascinate a full essay, dictate it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay