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Cancellation of booking After Registration of Agreement to Sale

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Cancellation of booking After Registration of Agreement to Sale

Last updated: September 15 2019
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  • Cancellation of booking After Registration of Agreement to Sale

    Cancellation of booking After Registration of Agreement to Sale



    Reason for calcel :



    Property registered on two applicants on Index 2.But Property has been resitered online on only first applicant and SDR and 1% TDS has been paid on the name of first applicant only. But first applicant is not working , Loan (completely on second applicant )and till now paid amount from second applicant only , might be some 10% or 20% can be paid by second applicant.



    Issue : might get notice from Income Tax during sell or before you have not paid TDS but taking 50% of sell amount for second applicant o



    If i cancel my flat , can i get back SDR and whatever 1% TDS has been paid and how much time it will take?



    Please suggest me looking for urgent help on this.
  • #2

    #2

    Re : Cancellation of booking After Registration of Agreement to Sale

    Most builders allow a period of 45 days for cancellation after registration of the agreement..any cancellation post that may incur forfeiture of part of the amount paid

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