YAGNESH HASMUKH DAVE
20 June 2013 at 20:45
RESIDENTIAL FLAT IS BOOKED WITH BUILDER IN MAY 2012 & FULL CONSIDERATION IS PAID EXCEPT STAMP DUTY OF REGISTRATION CHARGES FOR AGREEMENT. NOW THE AGREEMENT IS TO REGISTERED WITH REGISTRAR IN JUNE 2013 AS PER FULL CONSIDERATION PAID IN MAY 2012 BEING AGREEMENT VALUE OF FLAT WHETHER 43 C SECTION OF INCOME TAX ACT IS APPLICABLE EVEN THOUGH NO PAYMENT IS REQUIRED TO PAY TO THE BUILDER AS PER AGREEMENT VALUE EXCEPT STAMP DUTY AS PER MARKET VALUE OF THE FLAT
YAGNESH HASMUKH DAVE
18 June 2013 at 20:08
RESIDENTIAL FLAT IS BOOKED WITH BUILDER IN MAY 2012 & FULL CONSIDERATION IS PAID EXCEPT STAMP DUTY OF REGISTRATION CHARGES FOR AGREEMENT. NOW THE AGREEMENT IS TO REGISTERED WITH REGISTRAR IN JUNE 2013 AS PER FULL CONSIDERATION PAID IN MAY 2012 BEING AGREEMENT VALUE OF FLAT WHETHER 43 C SECTION IS APPLICABLE EVEN THOUGH NO PAYMENT IS REQUIRED TO PAY TO THE BUILDER AS PER AGREEMENT VALUE EXCEPT STAMP DUTY AS PER MARKET VALUE OF THE FLAT
sudhindra
17 June 2013 at 20:25
dear sir,
what is the penalty for non-filling for 240 as per Karnataka vat act?
H.S.ACHARYA
17 June 2013 at 19:51
BMC has increased the property tax for all 2 BHK flats in Mumbai and sent notice of difference in tax for the last 2 years and the last date for payment is 30th June 2013. Many societies have are not paying this amount and thinking that it will be reversed as there are some representations and cases filed. I have a flat and the in that society the property tax bills have been received in the name of flat owner. What should I do? Should I pay before 30th June or wait for sometime for some judgement to come as the amount involved is approx. 30000/-. Please advise.
mahesh kumar yadav
17 June 2013 at 16:33
is director of the company required to pay professional tax on the remuneration paid by the company or company can deduct the PT from the salary and pay to the concerned authority of Andhra pradesh.
or the director requires to pay both ie for drawing remuneration from the company and also company can deduct the PT from the director salary
SUKHVIR HOUSING AGENCY
16 June 2013 at 19:29
HELLO TAX EXPERTS
FIRST OF ALL THANKS TO ALL FOR YOUR CONTINUOUS SUPPORT.
QUERY IS :
A NRI IS HAVING A RESIDENTIAL PROPERTY IN MUMBAI, WHAT IS THE TAX IMPLICATION ON HIM
AS I UNDERSTAND THERE IS NEW RULE OF 1% TDS APPLICABLE, IS THIS THE LIABILITY OF THE BUYER TO DEDUCT 1% OF THE CONSIDERATION VALUE AS TDS
SECONDLY AS SELLER IS NRI THERE IS TDS APPLICABLE ON "NRI SELLING PROPERTY IN INDIA". IS THIS AMOUNT ALSO RESPONSIBILITY OF THE BUYER TO DEDUCT TDS AMOUNT.
ARE THES T.D.S. SHOULD BE BEFORE REGISTRATION OF THE PROPERTY OR AFTER REGISTRATION.
YOUR VALUABLE SUGGESTION AWAITED
SUKHVIR
shanthi
15 June 2013 at 14:28
During the process of scrutiny some of KVP's were seized by income tax department. The KVP's were matured during the period when it was in the custody of IT department. So it could not be renewed. Now when the case is in our favour we got our KVP's but the bank is not providing us with interest from date of maturity to the date of receipt of amount. We should be entitled to interest as kvp was not in our custody so we could not renew it.
Kindly inform me what does law say regarding the above case as i believe we should be entitled to interest.
Rohit Makkar
15 June 2013 at 09:53
I want to ask a question. In Sec. 7(3A) of CST Act, text similar to below one is written:
"Where it appears necessary to authority granting a Certificate .......... for proper custody & use of forms referred to in subsection (3A), he may ...".
As per above, the forms are referred to in Sub-section (3A), i.e. this sub-section itself. But no such forms are mentioned/ indicated therein.
Also, Sub-section (2A) has a similar provision and certain forms are mentioned there.
My Question: Is Sec. 7(3A) actually talking about the forms referred to in Sec. 7(2A)?
If so, is any correction made in Sec. 7(3A) till yet?
pavani.pothugunta
14 June 2013 at 19:09
Aishwarya sold a building for Rs.80L . The assessing wants to invoke the provision of sec.50C and wants to tax as per stamp duty valuation? can it be done? if so what is the value of capital gain in that case?
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Income tax and gift tax
Dear experts,
My friend gets salary of Rs 225000/-pa. The company giving a house worth Rs 50lacks with a consideration to work for 5 years. The company will enhance salary of 10laks for one year for five year it will be 50lacks.the Company will say you have to pay income for Rs 10lacks every year for five years, totally for 50 lacks.
If he receives house worth Rs 50lacks as a gift from company what will be the gift tax?
And I agree to pay income tax for 50lacks in 5 years, wht will be the income tax.
Please suggest.
Thanking you all