Minal Ghag
13 February 2015 at 12:10
Dear Sir,
1. My mother had bought a residential plot for constructing a house. however she now is constructing six flats on the same plot.
2. She wants to give one of the flat to me as inheritance during her life time and wants the balance property to be given to my two brothers later.
3. However as she did not have sufficient funds, for construction, I and my husband have given her 30 lakhs which is sufficient for construction of one flat only. the Market cost of the flat is 65 lakhs.
4. In order to raise this money my husband has taken loan from PF being a central govt employee.
(A) Is giving inheritance during her life time allowed?
(B)Can we register this property as inheritance with my husband as co-owner.
(C) Can my husband get the tax benefit.
(D) How much stamp duty registration charges will be required to be paid for processing it as
(i) Inheritance
(ii) Gift
(iii) Sale deed
(E) What would advisable, to process it as inheritance or gift or a sale deed in name of my husband to maximise tax benefit as well as to pay minimum allowable stamp duty?
Regards
Somsuvra Mukherjee
13 February 2015 at 11:58
Dear all,
I have a query regarding TDS.
My client being a company have deposited TDS (Group TDS) with the ITD but have not, rather, forgot to deduct the same from the individual assessee. Now, after few years, on attempt to recover the TDS amount from the assessee, the assessee is not willing to pay the amount. What is the legal provision to recover the said amount from the assessee ?
Kindly provide with the Judgements also. if any .
Thank you in advance.
P V VAITHYANATHAN
11 February 2015 at 06:21
I am 70 years old and residing in Chennai. I had an old flat originally purchased by me from Housing Board in 1980.
Recently the owners of our flat decided to go in for a joint development of our property with a contractor. Each flat owner has now received a lumpsum as goodwill money from the contractor, in addition to a new flat at the same premises where the old property stood.
Please let me know whether this goodwill money is taxable in any way. If so, how the tax would be assessed and how to avoid or minimise the same?
Appreciate your valuable advices. Thanks.
RAJESH S BATTU
09 February 2015 at 13:02
My query regarding ITP registration. I have applied for ITP registration to Income Tax Commissioner. After hearing the Commissioner has told me that you have not knowledge Company and ur application rejected.
So What I have remedy for rejection of my ITP application.
However I have completed my B.Com degree and appearing to the assessment cases at Two.
Plz advise and thank u in advance.
RAJESH S BATTU
07 February 2015 at 13:44
My client haveing open plot which was received in the year 1975 from father he wish to sell that property in such case he has any exmption u/s 54F if he has want to purchase of House property.
Nagesh Swami
06 February 2015 at 20:31
Sir one My Client is Hotel Owner.He is running one hotel on rent basis. That hotel previous owner not takes any number for EPF.But also EPF enforcement officer directly issue the establishment number. So, EPF enforcement officer issue a notice to second lease hotel owner file pending period return & paid unpaid tax.My question is the only six to seven employee are working in his hotel so actual he is not liable to EPF criteria. So, he can apply for EPF code or resgistration cancellation.
Roshini Arya
04 February 2015 at 06:09
Sir
My friend who is going through a divorce wants to close his PPF account of 15 years and transfer that money(from PPF) to the HUF account of his parents where his father is the karta.
He is doing so to avoid any legal complication.
However in the bank where the HUF account is operative his name is not present. Can he do so without getting into trouble with the IT dept.
Regards
Roshini
nagarathinam
02 February 2015 at 10:48
I need below four judgments early as possible.
Thanking you.
1. Bhagyalakshmi Poha Industries vs. Commissioner (2007 (215) ELT 455 (Tri.-Bang)
2. Mahavir Food Products vs. Commissioner (2007 (211) ELT 29 (Tri.-LB)
3. Mini Food Products (2008 (231) ELT 631 (Tri.-Ahmd)
4. Bhagyalakshmi Poha Industries vs. Commissioner (2008 (2321 ELT 627 (Tri.-Bang)
JAGANNATH RAO PARINAM
01 February 2015 at 17:15
I have shifted from Chandigarh to Hyderbad in 2012 .I had been filing I.tax returns till 2011 at Chandi garh.But after shifting to Hyderabad I had filed return for 2011-12 by online giving the Ward no. as per my residence in Hyderabad.But as per my PAN no. the jurisdiction is still shown as Chandigarh since I have not intimated change of address to Income tax office through NSDL.My income from other sources is Rs 800000/=appx. for 2013-14.I sold my house in Chandigarh in 2013 and constructed another house in Hyderabad.My question is ,can I still file my income tax return for 2013-14 (FY)manually at Chandigarh or I have to file in HYDERABAD .Now I don't have any residential address in Chandigarh.
Thanks
pjrao
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Lost form h - reg
Dear Sir,
I work for a granite company. We lost the original form H. How shall we able to get a duplicate form H. Having the xerox copies.
Thank And Regards
B. Kalpagam