Anmol
30 August 2016 at 19:08
On a gift deed within blood relation for an immovable property a stamp duty of 5% is to be paid . Who is liable to pay that 5% . The donor or receiver ?
The receiver of the property had no money
and stamp duty was by donor . The case dates back when stamp duty was liable now it is not liable .
(The law now has changed and now there no stamp duty on gift by blood relation)
Ashish Shivhare
28 August 2016 at 13:18
Tds applicable or not on payment to custom agent for handling charges if no tds give circular notification etc
AMIT KUMAR JHA
26 August 2016 at 17:13
Can anyone charge VAT on Retail Invoice? If yes then Can i deduct TDS on Vat amount also?
Vishwanath
25 August 2016 at 19:32
Hello everyone,
section 7(3) of the Karnataka motor Vehicles taxation Act states that "the Registered owner of the vehicles who has paid such tax is entitled to refund'. The RTO contends that it is only the first registered owner of the vehicles who is eligible to refund of road tax even though ownership of the vehicle is transferred to the third person.
By virtue of transfer of ownership of the vehicle, the rights and liabilities of the vehicle stand transferred to the present registered owner of the vehicle. kindly advise on what should be done to get a refund from the RTO.
Thanking you,
Regards,
Vishwanath
Satyan manuja
23 August 2016 at 22:16
My query is that the new rule of TCS applicable w.e.f. 01-06-16 whether TCS applicable on single transaction exceed Rs. 2,00,000/- or aggregate of Rs.2,00,000/-during the financial year applicable.
Sanjay
23 August 2016 at 18:31
Hi,
My father died in 2009. I was 22 years of age then. My father didn't share his investment & wealth details when he died suddenly. After all these years, how can I make use of his PAN card number to get the investment & wealth details of my father? Can I file an RTI to I-T department seeking the I-T returns of my father up until 2009? In what other ways can his PAN card number be used to excavate information regarding his investment & wealth? Also, my father was a retired pensioner of the TN gov't when he died. Can that be used in some way in my search?
Please advise.
Thank you.
Regards,
Sanjay
ramasamy
22 August 2016 at 17:37
Can a company file writ petition before High court asking clarification on the pure question of law when alternative remedy of appeal also filed by the company and pending before appellate authority for long time and involving various years?
J B Goel
19 August 2016 at 18:25
A NRI was allotted a flat by Omex faridabad in 2005. Though as per Buyer's agreement the possession was to be given in 3 years, offer for temporary possession for getting furnishing was offered in June 2014; the actual possession has been given now in 2016. Total cost of the flat was rs 32 lakh, which is being sold in Rs 48 Lakh. Pl advise the rate and amount on which TDS will be deducted i.e it will be on RS 16 Lakh or Rs 48 Lakh.Pl advise relevant section of IT Act.
J B goel
Rajiv
19 August 2016 at 09:36
Dear Experts, We have a partnership firm in which Fixed assets of the firm (land/building/machinery) are registered in the name of the firm.Its a partnership firm with only two partners and with equal shares in profit/loss and capitals.Now, We want to divide the land and building between us by having two seperate registries of the land of the firm i.e half land will be registered in name of one partner and other half in other partners name. Kindly let us know if that would raise any capital gain for any partner or for firm.
Employment of a person of 60 years or more on salary basis
Dear Sir, 1.Can a person of 60 years or more can be employed on Salary? 2. Whether that person can be given HRA as a part of employment contract? 3. Whether the salary paid to such person will be taxed as Salary Income and TDS will be deducted as Salary Income or at a rate applicable on professionals or any others? 4. Whether any law of the land prohibits or bars employment of a person of 60 years or more as an employee in an organisation where normal retirement age is 60 years.