my uncle means my my mother's elder sister's husband wants to give me his flat by gift deed. property valuation is around 8500000. stamp duty and registration charges on this property is 550000. is this gift deed is taxable for donor and donee?? and if yes then how much tax? how to calculate
How to Handel account payable and Receivable from Tax point of view. ?
Dear All,
Is the order sheets are mandatory to be drawn / written by the Assessing Authority while doing assessment?
Any judgement on this point.
My father wanted to sell his as well as my mother’s property (Mother is no more). We all children (legal heirs) are ready to sign for registration. Do I need to pay Income tax for my share? I wanted to put it in my bank. Please advise.
One of my friend not received his refund..the problem site showing cheque is return dpt cz of wrong address ..how to get back ?
Dear Sir
I am the owner of hotel in Kochi,i lease the hotel to a third part on monthly rent basis. at that time the intelligence squad enter the hotel and recovered account books and bills. my tenant have no luxury tax registration. the intelligent officer charged a huge penalty of Rs. 2.5 lac and issue the order. unfortunately the tenant cancelled the lease agreement 7 months before. now the intelligence office inform me to pay the penalty otherwise they will do the revenue recovery. pls advise me what i can do for escaping this issue. regards praveen
Hi,
A relative of mine who is a farmer sold his ancestral agriculture land to somebody for 70 lacs, that person asked him to take 20 lacs as sale agreement and 50 lacs in cash, this relative with having no knowledge what cash means, deposited the entire 50 lacs in his saving account and later distributed it among his children and kept some for himself. Now some friend of him having done the same thing received an IT notice asking about the source of the cash and to file return. Now this relative of mine is in a fix what to do, please help, how to show the source of this 50 lacs that was deposited in cash within a two-day period in 2012
54F
Mr A sold Land for 78 Lac in Mumbai n invest in 3 villa 91 Lac my question is Land can we consider as House ?
Can A get did. If yes ?