We have reached an agreement on the sale of commercial real estate. At the time of the agreement buyer paid serious money from 1lakh, the agreement mentions that the transfer will be concluded within five years from the date of the agreement on the payment of the balance consideration. Now we both want to be extended by two years. The contract has not yet expired. 4. The revocation clause implies that the serious money must be repaid with the interest in the agreement. No stamp duty may be paid on the extension if it is confirmed only on the back of this agreement. Capital gains tax is only calculated after the recorded sales return has been withdrawn. If this agreement has been reached, the seller is bound by this condition. 3) When and when the balance is made, deed of sale is carried out in favour of the buyer 1. Yes, if the initial agreement has been registered, then the agreement must be registered for the time extension as well. The modification of the sales contract extends the time.
There is no need to pay any additional fees. OR ask for the improvement of the sales contract, nominal fees payable. 4) In the case of termination of the contract, you must repay the cause received from a lakh of you with the agreed interest rate 1) pending the expiry of the contract and then extend by mutual consent to the same conditions for the period of 2 years you can renew the same agreement by approving on the back of the first or second page of the initial agreement with the witnesses who attest to the approval. 2. In calculating the capital gain, the date of execution of the sale benefit is relevant, not the date of the sale agreement. The purchase paid 80k as stamp duty at the time of the agreement, if renewed, it must again pay the stamp duty? Should we re-register and re-register new agreements? 3.The time extension agreement does not attract stamp duty. Section 17 of the Indian Stamps Act make it mandatory for contract purchase also a clause in the agreement says that on the seller cancellation must refund the serious money with interest of …..% what does that mean those interest? 1. The parties state that the execution date of the sales activity has been extended by two years and is then signed by both parties. There is no separate agreement. All you have to do is change the agreement and sign it. 1. You can run and save an endorsement.
4. Repayment of serious money with interest at a specified rate means that you must repay the incorrect money he deposited, as well as the interest charged to the potential buyer in the event of termination of that contract. This means that there is a registered agreement for the sale. You must therefore register the declaration of extension of the deadline.