Investing in real estate is a wonderful activity. It allows just about anybody with the right hard work and attitude to create a substantial fortune within their lifetime much easier than many other forms of investing allow for. It’s a great way to build something for the future which everybody wants to do to some degree or another.
Multiple Family Structures – An HUF can consist of several branches or sub-branches. For example, a person with his wife and sons constitutes an HUF. If the sons have wives and children, they also constitute smaller HUFs. If the grandsons also have wives and children, then they also constitute HUFs. It is irrelevant whether the smaller HUFs hold any property. Nucleus property can be acquired by partition of bigger HUF or by gifts from any member of the family or even by a stranger or by will with intention of the donor or the testator that the said gift or bequest will form the HUF property of the donee. An HUF can be composed of a large number of branch families, each of the branch itself being an HUF and so also the sub-branches of more branches. CIT v. M.M.Khanna 49 ITR 232 (Bom).
Since a General Obligation (GO) Bond uses tax dollars to secure it, certain restrictions apply to the issuer. The main restriction is that the issuer (Town, City, etc.) must bring the offering to broker dealers on a competitive basis. This means that the issuer cannot pick and choose broker dealers or underwriters to offer the bond. “Revenue municipal bonds”, which are NOT backed by taxes, do not have to be brought to market this way. Revenue bonds can be “negotiated”. This means that the issuer can negotiate with one or a few dealers on the offering.
Real Estate consultants have huge network of contacts so they know which vendors are reliable and which lawyer would be better when dealing with legal formalities.
While an arrestment can be served upon a tenant’s moveable property, an inhibition can be lodged on upon www.immoveable-property.com, such as commercial or residential property. This prevents the tenant dealing with their property until the inhibition (which can be valid for 5 years) is lifted.
Rs. 40,000 crore to be raised through disinvestment in 2011-12. Government committed to retain at least 51 per cent ownership and management control of the Central Public Sector Undertakings.
Yet, we learn that a Western father turns out a young woman from his house once she turns eighteen so that she is on her own and lives in a male dominated world all by herself. Is it fair? God would feel hurt indeed. While a young man could look after himself perfectly well, a young woman would need the guidance and security of a Man. This is God’s command.