Anonymous
22 August 2017 at 17:04
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.
Anonymous
20 August 2017 at 15:29
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.
Anonymous
19 August 2017 at 00:31
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
Ashok K Gupta
18 August 2017 at 22:57
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
Anonymous
18 August 2017 at 21:29
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.
N Krishna
18 August 2017 at 19:47
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 ?
N Krishna
17 August 2017 at 17:17
I deposited sale proceeds of residential land in capital gain account. I want to use the money to build a house on another land owned by me. But the issue is that the land has B khata. BBMP does not provide plan sanction for the same. If I go ahead and build the house without building plan, will it be an issue while obtaining approval from Income tax officer (ITO) while closing the capital gain account ?
if yes, please suggest what can be done to get the ITO approval to claim rebate on 54F
Anandan
17 August 2017 at 14:41
Dear Sir,
I have purchased capital goods out side India under EPCG scheme - Means customs duty is free me
As per suppliers -entry tax of Rajasthan/Other states is Nil in the condition of Customs duty is paid by customer.
So, please send the any article stating that exception of Entry tax is void any Imported goods..Please revert- Matter is very urgent...Thanks
kishore nair
14 August 2017 at 23:22
I own a plot of land in Mumbai and wish to sell part of FSI available on the land.to Mr. X. What are the tax implication on sale of FSI?
Will it be better for me to construct a flat and sell the same to Mr. X/
Please advice
© 2025 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Residential welfare association
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.