Rohit
21 October 2012 at 17:21
My grandmother has two properties. She wants to sell both of them.
By selling first property she wants to put the capital in the bank and from the capital gain she will invest in infrastructure bonds.
By selling the second property she wants to gift all the money to me.
Does she has to pay capital gain tax before gifting it to me? Can it be possible that she will gift all the money and I will pay the capital gain tax?
SRY
21 October 2012 at 16:21
I have bought a completed apartment from a builder in Pune.The agreement was registered in September'12. The loan is in pipeline and possession letter not received yet.
He has asked me to pay due property tax. I am not sure if I should be paying the property Tax yet because I do not have the possession of the apartment yet. Is it the builder duty or mine?
Could anyone clarify as per law?
pravin
20 October 2012 at 16:22
Dear Sir, i had purchased flat in pune and sign the agreement on Aug 2011 that time i had submit the service tax chq. on basic amount as per 2.575%. Builder told that if service tax applicable then we deposit the chq. but now builder ask to pay service tax with 3.09% on basic amount.
So please help me, How much % i need to pay?
BHOOP SINGH
19 October 2012 at 16:45
Dear Experts
We purchased a machine and lease out for one year or may be more to our customer on rent. But I am confusing to decide whether it is our Fixed Assets or Inventory Item. Because when lease period overed we will try to sell the items to some other customer.
Could you clarify me on the matter.
Thanks
Bhoop Singh
vishnukumar gandhee
19 October 2012 at 10:15
i want certificate from income tax what is procedure for filing application for that
Harshala
18 October 2012 at 11:50
can anyone provide me copy of west bengal stamp act and refer me the validity period of stamp in west bengal
vishnukumar gandhee
18 October 2012 at 09:39
i have a charity trust some donation wants exemption under sec 80g of it so what is the procedure for getting certificate of 80g for isssuing certificate for tax exemption i want this certificate for my trust when and when it will be possible or so on
Kapil Tiwari
18 October 2012 at 01:52
I have understood that to claim exemption of Long Term Capital Gains Tax on the sale of a vacant land, the following are the conditions:
1)We have to construct a new residential house within 3 years from the date of transfer, or
2)We should have purchased a residential house one year before, or
3)We have to purchase a residential house two years after the date of transfer.
The conditions for claiming the exemption are:
a)We should not own more than one residential house, other than new asset, on the date of transfer of original asset.
b)We should not purchase within a year or construct within three years any residential house, other than new asset after the date of transfer of the asset.
c)The income from such residential house is chargeable under the head "Income from House Property", other than the one owned at the time of transfer.
In one particular case, the assessee owned one residential house(given on rent) plus one commercial property(given on rent),that is total two properties, on the date of transfer of the original asset. Since the assessee owned only one residential house on the date of transfer of the original asset, can he claim exemption under section 54F by purchasing a new residential house within the stipulated period?
(Can the ownership of the commercial property be ignored?)
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Fiscal policy
Respected court officers,
whereabouts of 'FISCAL POLICY'applicable in India and how it is impact on Indian Income tax, is there any adverse committee to advise to CBDT. PLEASE focus on such topics.
Thanking you
RADHARAMAN KARMAKAR( Advocate )