Property Documentation After Construction

Summary

When dealing with property construction, ensure you have a Joint Development Agreement, Power of Attorney, and Construction Agreement. Post-construction, obtain a Completion Certificate, Occupancy Certificate, and necessary NOCs. Consult a local lawyer for document review and address any discrepancies with the Income Tax Department regarding transactions on your PAN.

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issue is related to inheritant property which was given to a builder for construction purposes, but we have not got proper documents related to this . And construction work has been completed long ago . And we are unable to file returns as it shows sale of property and huge amount of transactions on my PAN
It seems like a complex issue involving property and tax implications. Here are some general steps you could consider:
- Verify the construction agreement and any related documents with the builder.
- Consult a local lawyer to review the agreement and address the documentation issue.
- Communicate with the Income Tax Department regarding the transactions on your PAN.
Would you like to be connected to a local lawyer for detailed assistance?
What documents are necessary to have if I have allowed builder to construct a residential apartment on my land
When allowing a builder to construct on your land, you should have the following documents:
- Joint Development Agreement (JDA) with the builder.
- Power of Attorney, if applicable.
- Construction Agreement detailing specifications and obligations.
- Approvals and NOCs from local authorities.
- Completion Certificate upon construction completion.
Would you like more detailed assistance or help with any specific document?
And documents builder should handover to me after completion of construction
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Once the construction is completed, the builder should hand over the following documents to you:
- Completion Certificate
- Occupancy Certificate
- NOC from the fire department and other local authorities
- All original plans and approvals
- Any warranties or guarantees for materials or work
If you have any more questions or need further assistance, feel free to ask!