Punit
3 years ago
Hello Experts ,
We have huge GST credit in other states so how to transfer it to home state under same pan no , as someone suggested to raise service invoice so need some advice on same .. Thanks
kamal
3 years ago
Hi,
In 2000 at Noida, a Commercial property was bought through an unregistered sale agreement, jointly in two names A & B and a Power of Attorney was executed and Registered at the same time jointly in names of C & D.
Today A & B wants the Power of Attorney C & D to register the sale in their name through a Transfer from the NOIDA authority.
Apparently, NOIDA authority has stopped transferring the Commercial property in joint names, in this case A & B. NOIDA's recently started a policy to transfer commercial property only to single person, partnership or LLP or a Pvt Ltd Company.
If one has no alternate but to register a transfer/conveyance deed by creating a PARTNERSHIP FIRM of A & B ?
My Question is if any Capital Gain issue would arise out of this registration of Transfer/Conveyance deed to a partnership firm of A & B.
Is there anyway one can resolve this ?
Thanks for your time in advance.
Anonymous
3 years ago
Dear Expert,
I am moving to Bangalore from my home town and looking for a 2BHK accommodation.
Renting out a 2 BHK would cost me 22k per month, while leasing the apartment would cost 8 to 10 lakhs.
My father has suggested to take it on lease and he will fund it. With this I will not be able to take any HRA deduction, since I am not paying rent.
Can I create a rental agreement with my dad and make rental payment and take claim HRA deduction?
If so, how should I report this income in my Father's ITR.
Thank you..
Anonymous
3 years ago
Last date for filing of income tax returns was extended by the Govt. till 31.12.2021. Many persons could not file their returns not due to their fault but due to mal-functioning of new income tax website launched by Income tax Department. Complaints and grievances are placed before the CPC but no effective remedy is given. Now the date is over and the ordinary citizen/tax payer has no divine power to put the clock back. If the Govt. and FM have, I do not know.
In the above scenario, what can the ordinary person do. Can Lawyers club take up such issues before the Govt.
Anonymous
4 years ago
Is it legal to pay in cash to a trader for a sale amount exceeding twenty thousand rupees.
Hari Konanur
4 years ago
Namaste sir
I'm planning to purchase flat worth Rs45 lakhs in Bangalore from NRI seller
He is telling me that he purchased flat for Rs 25 lakhs around 13 years ago.
He quotes that he developed flat by investing on interiors.
So how much can i deduct TDS from 45 lakhs.
This deducted tds amount i need to pay to income tax department
Regards
Hari
rajesh singh
4 years ago
i want to take 30 lease land on rent basis. first year rent is 1 lakh per acre and every 3 years there is 5% growth upto 30 years... what will be stamp duty and rent ?
Anonymous
4 years ago
real esate brokerage recd...23 lac.........income under 44ad / 44ada if 50%....11,50,000 sub-brokerage paid by chq.....15lac can we show income below 5 lac.....after audit..??? any other ...solutions / pre-cautions
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Non submission of letter-of-intimation
My niece aged 27 yrs purchased a flat in Dec 2020, by securing loan from a private bank, of which she is also an employee. Every legal formality was fulfilled, except the Letter-of-intimation; partially it was unawareness that she too needs to submit, as she thought it was applicable only to Govt. employees, and if she was supposed to submit, she thought the financing bank would facilitate as all other legal documentation were carried out while granting the loan and partially because pandemic broke out soon thereafter and she was working from home, so she didn't clarify.
Now someone said she will have to pay the stamp duty once again and generate new challan etc, only then she can submit. My question to Honourable experts here:
1. Is this Rule (of mandatory submission of Letter-of-Intimation) on purchase of flat applicable to Private Sector employees as well?
2. If yes, since all payments including Govt. Duties, are done, can she not fulfil this requirement now, at best with some penalty but not needing to pay the entire Stamp Duty once again? what is the best redressal that can be sought for this oversight?