Compensation for deferred consideration: central government to pay portion of apparent consideration plus amounts payable before and after acquisition. The amendment mandates that where consideration for an immovable property transfer is payable after acquisition, the compensation payable by the Central ... Summary
Compensation for deferred consideration: central government to pay portion of apparent consideration plus amounts payable before and after acquisition.
The amendment mandates that where consideration for an immovable property transfer is payable after acquisition, the compensation payable by the Central Government equals the aggregate of: fifteen per cent. of the apparent consideration; amounts payable under the agreement on or before acquisition; and amounts payable after acquisition under this Chapter.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.