EPPB India Meaning E property pass book, demonetisation vs real estate

EPPB India Meaning E property pass book, demonetisation vs real estate

Genuineness regarding property book E is now being discussed by everyone. Will be implemented in India is now concern of all people. Is every money spent to buy a property in the real estate sector is safe or not is the issue of all people. How has such a doubt returned to everyone’s mind? It all started with a message about EPPB India.

To clarify the doubts everyone googled about it to find out what is its correct meaning and full form. EPPB India means E-book property book that is a false new speculation made by someone. But there are Facebook posts that it might be true, because a property pass is already in practice in the Delhi municipal corporation. This has created a lot of confusion among people who do not get the correct idea about it. A message from Whatsapp saying about EPPB India (E’s property passbook) that was shared by lakhs of people in India is behind such a viral news.

The people who received the message from Whatsapp regarding the E Property Pass Book immediately sent it to their friends, relatives in their list of phone contacts. If such a message was received a few months before demonetization, there would have been no such misunderstanding. This message would have been neglected by saying that it is a fake with a first look at itself. The demonetization of the old currency notes by Indian Prime Minister Narendra Modi on November 8, 2018 was a shocking move for all Indians. There are many good advantages to de-currency, throug which counterfeit money could be made of the value of just paper. Similarly the black money holders are not able to deposit or exchange their huge currency in their hands in bank accounts. There has been specified limit on deposit limits in bank savings accounts, jandhan accounts, current accounts itself. This withdrawal, deposit limit on reporting difficult for holders of black money to exchange their old Rs.500, Rs.1000 notes.

From 8-11-16, the legal bids of 500, 1000 denomination currency notes will be made to zero. The clever decision of Narendra Modi was protested by all political parties, the holders of black money who feared their money would be lost forever.

This type of demonetization rule given by Narendra Modi has made people who own Benami property to fear of any such situation that may occur in the future.

Words say by Narendra Modi in a speech after demonetization was that it is not an end and I have many more projects more in mind to make the corruption of India free for the future days. Everyone who hides money balck or invested money balck in real estate are in fear and have sleepless nights.

Their fear increased when Whatsapp’s message regarding EPPB India, calling for the upcoming implementation of the E property passbook became viral.

Will Real Estate Surgical Strike on Black Assets happens ever is now foremost doubt of everyone. So, let us see more details about the false message whatsapp regarding EPPB India on real estate Surgical strike on black silver.

EPPB India – E Property Pass Book Fake Message from Spam

eppb-india-meaning-e-property-pass-book-2018

Content of the fake WhatsApp message that is considered spam is as follows,

“E-Property Pass Book (EPPB) – As from 1/4/2018 all properties are invalid for one year You can not sell or buy property before registering your properties in the E-Property EPPB will be linked with PAN, Aadhar on-line.The owner must personally report the proof of ownership to the office of the sub-registrar office where the special agents will enter all the details of your property in EPPB. Properties will become yours.

They will have a more splendid counter for emergency sellers, mortgage, buyers where they can exchange properties, but with full details of all properties. Until 31/3/2018 all properties will be entered in EPPB. From 1/4/2018 Govt will take over properties not listed in EPPB. ”

Fear has multiplied in the minds of everyone after reading this message. So everyone started looking online to get an answer to that question. Is it real that the EPPB India will occur from April 2018.

If you are asked now whether it is possible or not. The answer is no. There will be no such implementations in India. Given the fact that the demonetization of the currency was made during the night without warnings, we can give no advice to holders of black money.

If you read this article, it means that you are in fear of your real estate purchased using black money will be lost. So our advice is to make sure that you make purchases of real estate by doing legal transactions, paying correct taxes.

Also do not buy real estate by giving sky high dream prices. Make sure that the amount you pay is based on the cost of land in this area By this way you can also save money on buying properties. When demand drops, real estate prices will fall.

At present, the Income Tax Service collects information about anyone who buys land or property. All persons with an annual income of Rs.2,50,000 or more cite their PAN (Permanent Account Number) number in the property registration. This is a mandatory rule now and all sub-registrars have been instructed to file tax returns as of April 2018.

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