Dear sir/madam ,
I had purchased flat in Nagpur last year, basic price is Rs. 26,19,000/-
I had Disbursed amt 25,00,000/ including service tax and vat (5.5%) , remaining amt will be paid on during possession , he also charged me amenities of amt Rs. 300,000/- ,and he had not mention any service tax on quotation on amenities,but now he is charging me 12% GST on amenities. I m refusing to give that extra charge. If there is no service tax on amenities thn y builder forcing me to pay GST .
Please suggest , if any GR is regarding this issue please provide
Is it correct to register a Residential Welfare Association by the owners before handing over of flats by the builders? Whether it has legal entity? Whether payments, if made for the purchases of Lifts, Glazing materials etc. can be routed through the Residential Welfare Association Account on
account of introduction of GST if we get GSTN No.? please clarify.
My mother has sold a property and bought a new property in our Joint Names.
I also sold another property and invested in the new property. We paid the amount for the New Property Purchased from our Joint Savings Account.
We bought the New Property say for 70 Lacs. My Mother Claimed her share of Rs 50 Lacs as New Asset in her ITR and Balance Rs 20 Lacs I have Claimed for exemption under Capital Gain on property sold by me.
My Querry is wether I will be allowed to claim capital Gains exemption for my share although we have paid the amount for the New property for a Joint Savings Account.
I HAVE AN OFFICE SPACE WHERE I AM EARNING A RENT OF RS 180000/=P.M(INCLUSIVE OF MAINTENANCE CHARGES . MAINTENANCE CHARGES CHARGES HAS PAID UNDER ONE TIME MAINTENANCE SCHEME BY BUILDER)RENTAL INCOME COMES UNDER 30% OF TAX SLAB.HOW I CAN REDUCE MY TAX LIABILITY BY ADJUSTING THE MAINTENANCE CHARGES FROM MY TOTAL INCOME.
I and my brother are partners in a firm.We want to sell the land in MIDC PUNE.We wish to know the rate of capital gains tax and whether we can buy another house or commercial space and also invest 50 lakhs each in Infra Bonds to take advantage of tax exemptions under the Capital Gains. Sine we are both senior citizens and aged 68 and 70 yrs respectively,and are retiring from the business,do we have any exemptions under the IT act.
Help in this matter will be highly appreciated at the earliest as this will be the only saving we will have for rest of our life.
Thanks
Ashok Kumar
I HAD SOLD MY HOUSE ON 08/06/2015. QUERY 1 CAN I INVEST IN MORE THAN ONE PROPERTY/LAND ,AS PLANNED FOR MY THREE BENEFICIARY OFFSPRINGS 2. CAN I INVEST IN RESIDENTIAL HOUSE AFTER 2YEARS. 3 CAN I BE ALLOWED TO INVEST IN THREE PLOTS AFTER TWO YEARS BUT BEFORE THREE YEARS 4. WHAT WILL BE CONSTRUCTION DATE IF PLOT IS PURCHASED BETWEEN 2-3 YEARS. PRESENTL ALL AMOUNT IS LYING IN CAPITAL GAINS ACCOUNT. I AM A SENIOR CITIZEN ANY BENEFIT 2 SENIOR CITIZEN
Learned Members
I am an employee of Autonomous Body under MHRD. We are equally treated as government employee. I have applied through proper channel to some other Autonomous Body under MHRD. Now I have tendered the Technical Resignation upon my selection to other AB. I have accumulated approx leaves of 180 days. As per the rule, I shall be encashing all the leaves at my credit and transferring my gratuity to other AB, which is in line with the available provisions.
Now the glitch is the pinpointing of my Account Officer, who says the receipt of amount towards encashment of EL is taxable, whereas I have come across with the several information citing that u/s 10(10AA) the leave encashment of government employees is exempted. I dont find the logic of taxing, when rule is clear on the issue.
Anyways I would appreciate if you could enlighten me on the issue before its escalation.
Warm regards
Ashok K Gupta
Hello Sir
I am a Doctor and I have a fuel outlet in my name. The outlet was started after my marriage. I have a separate PAN card for myself and a HUF pan card on which I am filing the returns of the petrol outlet for the last 12 years. Now I am insisted by the Oil Company to change the PAN of my petrol outlet from HUF to my Personal PAN. Now what should I do? Should I oblige or is it a legal mandate to not use HUF pan card for the business I have started?
Please give your views.
Regards.
I want to take loan from my mother for house construction and pay interest to my mother's bank account. Can i claim tax benefit for the interest paid to my mother ?
What documentation is required to be maintained in this case ?
C form on capital goods
I HAVE APPLIED FOR C FORM ONLINE FOR CAPITAL GOODS PROCURED BY ME. IN THE CST REGISTRATION CERTIFICATE THE ITEMS TO BE PROCURED HAS BEEN MENTIONED AS MACHINERY FOR CONSUMPTION.BUT THE DEPARTMENT IS DENYING FOR ISSUANCE OF THE C-FORMS.ANY JUDGEMENT / SECTION THAT CAN BE PROVIDED TO THE DEPARTMENT IN THIS REGARD.
PLEASE HELP.