Property Tax Law Advise For Tax Saving
Hi, my father owns 2 shops from which he would be earning approx 51Lac/Annum(tax not included) and I was looking in to property and family settlement law and stumbled upon “USUFRUCT” for tax saving purposes, however it seems like an expensive agreement, the property is in Delhi and Circle rates fall under Category D.
Edit: I need help finding approx cost for this kind of agreement, like a formula, I do understand it could depend on area of the shop that is in question. And to get this approved by a sub registrar, I would have to pay a bribe?
Also side note, we have had issues where a Sub-registrar is openly asking for bribes for approving things like SPA etc is there any way to counter such issues or this is just part of how things work now in judiciary?