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Voting right for land lord in an apartment who has 9 flats
02-Nov-2023 (In Property Law)
Our Apartment,new , bye law pending registration and possession from builder pending. Association formed.Land lord is president. He has 9 flats.He pays maintenance for all.Few flat owners say that irresepctive no of flats he owns he has one vote only.But i think SC verdict is one flat one vote. Kindly clarify which is Correct? NATARAJAN R
In this case, I would like to know the total how many flats in the apartment and further when was constructed normally if new flat means builder will maintain such time. I have a vast practice in that area you can seek my assistance in your matter.
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Adv. Raghuraman Balaji
Chennai | 500+ Answers
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How many houses should one own?
Answer: The income tax laws do not limit the number of houses that one may own, or the number of houses for which one can receive a benefit from a home mortgage. Tax laws allow for a person to own and occupy a maximum two houses. You can treat the house that your parents live in as a self-occupied home for tax purposes. 28 May 2022
How many flats can be self-occupied?
According to the Income Tax Act of 1961, a homeowner may declare up to two homes as being self-occupied in their income tax return. 29 Jun 2023
Can a person have more than one property in India?
It is legal to own more than one house in India. In India, there are no limits on how many properties a family or individual can own. The purchase of multiple properties can have tax implications depending on their location and usage. 1 February 2023
Do you have to pay tax if you have two houses?
Multiple Property Ownership Income Tax You will have to pay income tax on all properties that you own. The owner of a house or property, whether its rented or self-occupied, will have to pay the property tax.
only the land owners can vote no other has can vote then it has no right to participate in any election must be a valid Association duly registered in the registration office after the registration only the association activities can be full fledged legally approved by the government authority the bye laws should be followed in the bye laws is it is not contract with the state laws so bye laws also mentioned
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Adv. Satish Kumar
Chennai | 500+ Answers
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