Section 281 : How to Get No Objection Certificate For Asset Transfer ?

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No objection certificate from Income tax department under section 281 of Income Tax Act is  often demanded by banks and other financial institutions while approving  loans against the property. Such a demand of  a no objection by the  lender is to make sure that the property mortgaged by the borrower is without any controversy , specially under section 281 of the Income Tax Act .

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