Notwithstanding the information contained in section 194-I A, any person: who is responsible for the payment of a consideration to a resident, and not in kind in accordance with the agreement provided in Section 5A of Section 45, must be deducted at the time of credit of this amount from the recipient`s account or at the time of payment in cash or by issuing a cheque or project or by any other method, depending on the previous date, of an amount equal to 10% of that amount under income tax. 2. If the developer is late in paying a payment on the due date, the owner is allowed to terminate the contract and cancel all funds paid. In the event of termination, the land development licence is revoked and, within a month of this period, the developer will remove all buildings, structures and materials that will be brought to the land and, late, and absolutely returned to the owner and assigning him a vest, and the developer will not be entitled to compensation or damages. Well, I have a qts what will happen when the agreement expires and must create a new will be all the details about the contract modification or will it b the same as the previous contract.. 17. That all costs related to the stamp, edition and registration of this Contract and any other document relating to this agreement be covered by the developer. 24. That the owner provide the developer with all the original documents of the land at the time of the execution of this cooperation contract. The same will be returned to the owner at the end of the construction and possession on the part of the developer. You can email us the terms or a new format that we can also host on our website.
I want to know that the agreement was not registered or notary of its on 50 rs stamp paper Then the owner left the project n what is the solution Years: A cooperation agreement is an agreement between an owner of the property and a contractor /developer. b) That the additional sum of Rs. …………… (Roupies…………………. only) is paid to the owner by the developer at the time of handing over the physical property of the property mentioned, after the developer has sanctioned the plans or before ……………. based on what predates the limited objective of the development and construction of this project.