Dineshchandra Singh
25 May 2011 at 04:55
Sir,
I have taken a personal loan of Rs. 3,25,000 from citifinancial 18 months back. We agreed about the EMI tenures for 36 months and I had paid the EMI upto 18 months. But I received a call from their customer care that 48 EMIs are remaining. I was surprised on hearing this and check the loan agreement that I had already signed by me. Then I came to know that 48 months is written in the document. I went to their office branch and requested that this will be a printing mistake, but they didn't agree with that and shown me the total payable is about 5,50,000. Though I didn't agree with them, I am helpless. Could you please guide me what needs to be done from my end? Is there any legal approach to solve this? As their interest is almost 100% which is very near to twice the loan amount. Please help.
Hoping to get a suitable advice soon.
Thanks,
Dineshchandra Singh
drpkkhatri
23 May 2011 at 06:58
I am a Doctor in Govt.Hopital non practicing.I am a taxpayer. After paying tax,can I give money to my children and wife i.e.to invest in their names.Would it be a legal one?How much amount can I give them per year leagaly? or Should I make a gift deed if yes what is the draft ?
pavani.pothugunta
19 May 2011 at 13:42
is overdraft facility unavailed by company ,to be taken as a current asset or a current liability while estimating working capital requirement..
Anonymous
28 April 2011 at 14:48
DEAR SIR, I FILED THE RETURN OF INCOME FOR AY 08-09 ON UNE 30,08. SUBSEQUENTLY I FILED A REVISED RETURN FOR THE SAME ASSESSMENT YEAR 08-09 ON MARCH 31,10 . THE ASSESSMENT HAS YET NOT BEEN FINALISED. MY QUERY IS ;- WILL THE MANDATORY THREE YEAR PERIOD FOR TAX AUTHORITIES TO ASSESS THE RETURN BE OVER BY MARCH 31,2011 OR MARCH 31,2013, 3 YEARS AFTER FILING THE REVISED TAX RETURN FOR AY 08-09 THANKING YOU VINAY KALA APRIL 28,11
Anonymous
28 April 2011 at 10:48
I had bought a flat for for Rs.82000 in Aug'94 and sold the same for Rs.9,55,000 in March'11.
Meanwhile I had started construction of a new house on a pre-owned plot of land in October'08 solely relying on the sale proceeds of the flat to meet out the cost of construction. The sale of flat however took a long time to mature. I expect to complete the construction sometimes in june'11.
Can I adjust the capital gains tax acrued against the cost of construction and claim exemptions?Are their any special exemptions available to me being a lady?
VINAY AGRAWAL
23 April 2011 at 19:47
please help on how to read a case law citation. What does the specifications means in any legal case citation.
Kindly guide
Thanks
Regards,
Vinay
Deepika Mishra
20 April 2011 at 17:50
my father sold a residential property in Indore in March 2011, for 60 lakhs where as the guideline is of 80 lakhs.
the property was made in 1967. How much tax on capital gain he has to pay? He is 92years old.
Anonymous
18 April 2011 at 16:28
Unlike a company, which has a separate legal entity, a HUF has no separate existence from its members. A HUF cannot be treated as a person (though under the Income Tax Act, the terms 'person' includes a HUF also for limited purpose only). However, what would be status of a Partnership Firm in which a HUF (and not KARTA) is shown AS one of the Partner? What would happen to credir facilities provided by Bank to such Partnership Firm and what is the remedy?
vishakha
17 April 2011 at 12:31
can a public company or a private company become a subsidiary of a company under sec 25 of companies act..?
if yes then can it enjoy privileges given to a company under sec 25...?
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income tax
Tax deducted & paid after due date as prescribed in chapter XVII for eg tax deducted on 31/3/10 deposited on 7 july 10 so the date of deposit is not as per chapter XVII.
NOW COMING TO SEC 40a(ia) THE ABOVE EXPENSES WILL NOT BE DISALLOWED B/C TDS DEPOSITED BEFORE DUE DATE U/S 139(1)
NOW WHETHER I HV TO REPORT ABOVE POINT IN PT NO 27 OF 3CD
iF NO THEN WHY