Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>New Section 269AB Requires Registration for Certain Property Transactions and Rights; Compliance Essential for Legal Validity.</h1> The Income-tax (Amendment) Act, 1981 introduces Section 269AB, mandating the registration of specific transactions involving immovable property and rights related to buildings. These include transactions allowing possession under contracts akin to section 53A of the Transfer of Property Act, 1882, and transactions granting rights in buildings through memberships or agreements, excluding sales, exchanges, or leases requiring registration under the Registration Act, 1908. Parties involved must document these transactions in a prescribed form, detailing necessary particulars, and register them with the competent authority within a specified timeframe.