Anonymous
19 August 2024 at 19:49
I intend to purchase a flat on the topmost 15th floor of an apartment which remained unsold for the past seven years because of lack of car parking slot for this flat . Recently one of the flat owners sold his flat at the guideline value of Rs. 8000 per sq.Ft. . My seller is willing to sell it to me at Rs. 5000 per Sq.Ft . I am willing to pay the stamp duty at guideline vale of Rs. 8000 per Sq.Ft. and pay the seller lesser value. Will it be considered as undersale of Rs 3000 per Sq. Ft. and attract any tax ? Is the guideline value the same for all the floors ?
Anonymous
14 August 2024 at 22:31
I AM MAKING PAYMENT OF RS. 20000 AS RENT TO MY HOUSE OWNER BY DEPOSITING THE AMOUNT BY CASH IN HIS BANK ACCOUNT . IT IS FROM MY PERSONAL INCOME FROM OTHER SOURCES .
IS IT NECESSARY TO SEND THE SAME BY ONLINE PAYMENT FROM MY BUSINESS BANK ACCOUNT AND REFLECT IT IN MY BUSINESS ACCOUNT BOOK ?
NOW MY HOUSE OWNER WANTS XEROX COPT OF MY PAN CARD . WHAT IS THE RIGHT WAY OF RENT PAYMENT ?
IF MY RENT IS INCREASED TO RS. 21000 FROM NEXT MONTH , SHOULD I DEDUCT TDS OR IS THERE ANY OTHER WAY OUT OF IT .
shyam lal
10 August 2024 at 13:43
The authorised signatory of a NGO holding FCRA a/c is in jail and wants to file ITR Query what is the legal procedure for him to file return while in judicial custody..
Anonymous
03 August 2024 at 07:38
While reinvesting the Capital from sale of my old property, I want to buy a new property in joint name with my son who do not have any CG on his name. In this scenario whether my CG will get exemption from tax .
Mavis Wanczyk
02 August 2024 at 12:27
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Vasudevan
07 June 2024 at 11:29
Respected Learned Experts. I had awarded with a sum of Rs.3 lakhs towards the loss of interest on the belated payment of pension. The award was granted by Central Administrative Tribunal after filing a case. Whether, this award of Rs.3 lakhs is subjected for income tax.? Any exemption is permissible as it is an award granted after a case filed before the Tribunal. Advance thanks to all the Learned Experts in anticipation.
Anonymous
17 May 2024 at 17:03
Steps/procedures to be followed for taking over an partnership firm by pvt ltd company by issuing shares sections to be followed companies act, income tax act and what are others steps to be followed in detail
Keerthivasan Velu
14 May 2024 at 20:39
Tax Implications on FAST TRACK MERGER UNDER COMPANIES ACT, 2013
Read more at: https://www.lawyersclubindia.com/experts/ask_query.asp
What are the tax implications of companies (Transferor and transferee) and share holders under Income Tax Act and GST Act - Consideration of issuance of shares
Anonymous
07 May 2024 at 18:04
Dear Sir, recently i bought a land and building. There was a company running previously under rent in the land and building and was paying rent to previous owner. I bought that place now and that company is paying rent to me under agreement. But SRO has sent notice that machines owned by that company in my building will also be valued under my name. How should i defend myself that it is not mine. Kindly help me.
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Income tax -fair market value of property as on 1.4.2001
1. Mr.X constructed an individual house with 1000 sft in 1989 on one ground Land in Chennai .
2. He registered a Settlement Deed of the Property with the House to his Son Mr.Y and Daughter Ms. Z with 50% joint ownership through a Settlement Deed in 2016.
3. In the year June 2023 both Mr.Y and Ms.Z sold the property for 70Lacs.
4. The Fair Market Value of the Property is to be arrived at as on 1.4.2001 to work the Long term capital gain.
Query.
For arriving the Fair Market Value,
A) Can the Land value and Building value to be calculated separately and added to get the Total value of the Property. If so, What should be the basis for the Building value.
B) Can a composite value ( like that of a flat) be adopted for individual house
C) Is the indexation allowed on the Total Fair Market Value of the Land and Building as on 1.4.2001.