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Queries Participated

ChandanLawyersclub   19 January 2015 at 22:28

Sale value higher than registration value

I am selling a property for which I had taken 30L loan, my 12 L white money to builder as cash 9 yrs back, now I am selling that house. registration value property is 90L, market value 105L. I want to take all money in as DD/ cheque only, no cash.
Can my seller register register property as 90L and transfer me 105L by deduction 1% TDS.
regards
Chandra

Member (Account Deleted)   02 June 2014 at 02:39

Starting a business

Hi,

I am a stock trader working as a freelancer. I trade in futures and derivatives, commodities and currency and currently have a turnover of approximately 12 crores per annum. I want to register my business. I plan to employ a few people to help me in the market research in the future. I also have plans to trade in foreign markets in the future.

Should I start a sole proprietorship company or a private limited company? Is it advisable to register through a lawyer or one of the many online registration firms who register a private ltd company for around 15K?

Thank you.

Joseph

PRASHANT   01 June 2014 at 22:12

Use of designation "advocate"

Dear all
i cleared my LLB and result out on 31.3.2014.i have not apply for registration with Bar council of u.p.till now but going soon for the same.

I want to know subject to pending registration application to bar council of u.p. , whether can i use designation "ADVOCATE" with my name and whether the same can be printed on my signboard hang on my office.

hdshardik   30 May 2014 at 16:20

Disslove huf

my father as a karta want to dissolve the huf business . In huf there is a warehouse of 150 sq ft . our family wants to tr this property on the name of the father i.e. (karta) of huf ?
can we do this ?
is deed it a conveyance deed?
who will pay the capital gain and stamp duty ?
what is the taxplaning available to huf in dissolve the huf completely ?

Mr H.S Khurana   30 May 2014 at 15:52

Time period to challenge any document

Dear sir,
What is the time period to challenge any unregistered document in court if other party consider that document as fraud

Ashutosh Choubey   30 May 2014 at 15:28

C forms not issued under cst

Dear Sir,

The party has raised debit note upon us as we could not issue C Forms under our CST purchase. The reason for non issue of C Forms is that our local sales tax department is unable to provide forms due to shortage of forms in department. The C Forms are now issued online and physical forms are discontinued. The C forms for which debit note has been raised relates to 2012-13 when there was system of issuing physical forms and now it is discontinued. However we have applied for the forms and the department officials have assured us that they will arrange physical C forms for old period and provide it to us as soon as it will be printed and made available for clearing old period requirements.

Kindly suggest the step that we should take in our defense as per law or any court / tribunal decision in such matters.

aashish ramnani   29 May 2014 at 22:20

One of the 3 director dies

dear sirs
i m son of one the three directors in a pvt. ltd. company.
my father died this march and now other 2 directors dont agree to take me his position as per will of my father i m a legal heir of all his property and legal things.
now i wanted to know about my rights and how can i make the other two directors for the settlement of the same.

Vikas   28 May 2014 at 14:24

service tax and vat for flat

Hello Sir,

I purchased a flat in Pimple Saudagar pune and the flat agreement to sale with the builder was done in July 2009.
Out of total property cost, I paid the own contribution amount Rs. 350000 to builder at the time of agreement.
Further I paid additional Rs. 150000 to builder in August 2010.
The flat possession was expected on December 2010 but due to some issue, I didn’t get it.
Most of the flat owners in the building/scheme got the possession in March 2011. However, few of us got stuck as the revised sanction plan was not approved by the authority.

The pending issue was resolved now and builder got the approval and completion certificate in April 2014.
I took the housing loan and paid the remaining balance of Rs 1600000 on May 25, 2014.

Now builder is demanding VAT @ 1% on Rs 1600000 and Service tax @ 3.09% on Rs 1750000 (1600000 + 150000).
Also the Society is already formed now but still builder is demanding 1 year society maintenance charges of Rs 25000.
I have already paid the Society formation charges.

Please advice me as per recent law or rule,
1. Now in this case am I liable to pay VAT and ST on the payments made after completion certificate?
Or actually how much service tax and VAT should be paid as per current law/rule?

2. Do I need to pay society maintenance charges now?


Regards
Vikas

Janmejaya Senapati   28 May 2014 at 11:48

Cancellation of a deed of gift by the donor

Dear Sir ,
One father-in-law had executed a gift deed on 22.06.1972 in favor of his daughter-in-law after the death of his son.But the daughter - in-law went with another person by getting him married. As such the father in law cancelled the gift deed and sold out the property. The purchaser has mutated the property in his name and obtained Record of Rights. Now the daughter-in-law has challenged the cancellation of the gift deed.The property is the self acquired property of the donor. Please , suggest the future actions to be taken by the surviving members of the donor.Can she win in this case? Please , extend your valuable suggestions .

Thanks and regards

Mantu.

Saraswati Brahmne   25 May 2014 at 17:50

Father died intestate

My father died without making any nomination.But he made holograh will which mention that father wants the flat to transfer in both daughters name and mother name. now mother wants the flat in Mumbai(only property) in her name and does not want to give flat to any child. she wants flat in her own name only. can the children get the share in flat? flat in not ancestral. owned by father. secondly society is not transferring flat to mother's name.

Thanks
saraswati