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Form 37G, Download Income Tax Form 37G in PDF Format

FORM NO. 37G for Statement to Be Furnished To the Registering Officer under Section 269p (1) Of the Income-Tax Act, 1961. FORM NO. 37G is relevant to the Statement to be furnished to the registering officer
along with the instrument of transfer.

The statement required to be furnished to the registering officer under sub-section (1) of section 269P shall be in Form No. 37G, and shall be signed and verified by the transferee in the manner indicated therein.

(1) Notwithstanding anything contained in any other law for the time being in force, no registering officer appointed under the Registration Act, 1908 (16 of 1908), shall register any document which purports to transfer any immovable property belonging to any person unless a statement in duplicate in respect of such transfer, in the prescribed form and verified in the prescribed manner and setting forth such particulars as may be prescribed, is furnished to him along with the instrument of transfer :

Provided that the provisions of this sub-section shall not apply in relation to any document which purports to transfer any immovable property for an apparent consideration not exceeding [fifty] thousand rupees.

Explanation.—For the purposes of this proviso, “apparent consideration” shall have the meaning assigned to it in clause (a) of section 269A subject to the modifications that for the expressions “immovable property transferred” and “instrument of transfer” occurring in that clause, the expressions “immovable property purported to be transferred” and “document purporting to transfer such immovable property” shall, respectively, be substituted.]

(2) The registering officer shall, at the end of every fortnight, forward to the competent authority,—

(a)  One set of the statements received by him under sub-section (1) during the fortnight ; and

(b) return in the prescribed form and verified in the prescribed manner and setting forth such particulars as may be prescribed in respect of documents of the nature referred to in sub-section (1) which have been registered by him during the fortnight.

 

FORM NO. 37G

[See rule 48G]

Statement to be furnished to the registering officer under section 269P (1) of the Income-tax Act, 1961, along with the instrument of transfer

1.

Name and address of the transferor

 

2.

Name and address of the transferee

 

3.

Detailed description, location and other particulars of the property transferred as given in the instrument of transfer

 

4.

Whether land is freehold or leasehold

 

5.

In the case of building-

 

(a) floor wise plinth area

(b) year or years in which the building was constructed

 

6.

Name and address of person(s), if any, in occupation of the property

 

7.

Name and address of any other person(s) interested in the property

 

8.

Consideration for transfer as stated in the instrument of transfer

 

9.

Estimated fair market value of the property

 

10.

If the transfer is by way of exchange, description and location of the thing or things for which the property is exchanged

 

11.


Fair market value of the thing or things mentioned against item 10.

 

12.

If the consideration for transfer is less than the estimated fair market value-

(a) whether the transferee is a relative of the transferor, and if so, indicate relationship

(b) whether a recital to the effect that the transfer is made to the relatives for a consideration less than the fair market value on account of natural love and affection is made in the instrument of transfer

 

13.

Was any agreement to sell the property registered under the Registration Act, 1908? If so-

(a) date of conclusion of the agreement

(b) date and registration number of the agreement

(c) consideration for transfer recorded in the agreement



Signature of the transferee

Verification

I,
,
do hereby declare that what is stated above is true to the best of my knowledge and belief.

 

Verified today the

day of

20



Signature of the transferee

 

 

 

 

 

 

 

 

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