atuljiwarajka
27 June 2010 at 12:06
Drafting of Partnership Deed
Suppose a partnership is commenced on January 1, 2010.
The Deed of Partnership is executed on 15th January, 2010 on a stamp paper dated 10th January, 2010.
Q 1) When is the partnership considered to commence?
a.) Jan 1
b.) Jan 10
c.) Jan 15
Q 2) Suppose the deed specifies that the partnership comes into effect from Jan 1, 2010. Then will you answer to Q 1 be different?
Anonymous
27 June 2010 at 12:02
I AM A SENIOR CITIZEN HOUSEWIFE. I HAD PURCHASED A RESIDENTIAL PLOT IN FY 2004-05 FOR RS 18,66,300.00 AND SOLD IT IN FY 2009-10 FOR RS 60,00,000.00 AND PURCHASED A FLAT FOR RS 48,07,369.00 IN MAR 2010. THE INDEXED COST IS RS 24,57,295.00 AND ALSO PAID A COMMISSION OF RS 1,90,000.00 FOR BOTH TRANSACTIONS(SELLING PLOT AND BUYING FLAT).
CAN YOU PLEASE INDICATE MY TAX LIABILITY AFTER TAKING INTO ACCOUNT MY FULL TAX EXEMPTION LIMIT AS BEING AVAILABLE TO OFFSET MY LTCG FROM THESE TWO TRANSACTIONS.
Seshagiri Viswanatha Rao
27 June 2010 at 11:45
Kindly indicate whether the Public Notary and Advocate appointed by Government is empowered to issue legal heir notarised certificate Also indicate Notary opinion can be obtained prior to purchase/sale of any immovable properties
Thanks
S V Rao
krishnaswamy
27 June 2010 at 11:20
My father died in Thanjavur in Tamilnadu in 1990 and death certificate was issued by Thanjavur municipality.After retiring from central Govt. service I have settled in Trchy.My mother is alive and is living in Trichy with me and her name is in my ration card.Now to sell our property in Thanjavur which is in the name of my father we need legal heir certificate.After the death of my father my mother left Thanjavr to live with her sons. My question is whom to approach ? Thasildar of Tichy or Thanjavur?.
Anonymous
27 June 2010 at 11:04
Dear Sir,
my niece was married in Jne 2005 at Hyderabad under Hindu traditional marriage,arranged marriage.within one month from marriage the husband left for USA on an Assignment.The wife who was also employed well for four years resigned her job in India and joined her husband there in USa in October 2005.But their married life was not smooth.She seperated from him within six months and took up a job in another city in USa lived seperately till March 2008.She
came back to live with him at his request.But things did not work out so she moved out to live seperately from him in June 2008 and has been living in USa even now seperated from her husband.In the mean time she also obtained her H1 Visa to live and work in USa.Her husband's efforts to get H1 visa did not succeed and hence had to return back to India in November,2008 and has never vidted her till now.Since the couple lived for few days in the house built there in Bangalore,the couple had filed a Divorce petition on Mutual consent at Bangalore Family court way back in April,2009.The girl has visa problem,plus loosing her current job ,if she is waay from USa for more than two weeks,plus her employer is processing her case for a green card and she cannot leave USa for next 8 months till her application is cleated.She has only her mother who is a widow.She has given me Power of attorney to represent her case in the Family court at Bangalore notarised by USa people.Though the case has been coming for hearing every month in Bangalore family ,the judge is insisting on the personal appearance of the girl at the court,inspite of our trying to tell the judge the difficulties for her appearance.We tried to tell the judge that we can arrange for a vedeo conferencing through Web cam ,by bringing in our Laptop,with web camera and Wireless internet to the court for the judge to record the evidence.But he refuses and insists on her appearance.
In the absence of divorce the girl has been paying double income tax in USa including for her husband who is not there under US Tax law,plus she cannot acquire any property in USa till her divorce as her husband can have claim in it as per USa law.
It is more than one year that we filed the divorce petition and more than two years that the couple are seperated.What is the best method to get the problem resoved at the earliest without the girl having to come here to India for giving personal evidence.
Kindly clarify.Thanking you
Swaminathan.K.
pkm
27 June 2010 at 10:52
What will be the fate of cheuque bounced cases filled by the company itself wind up ?
Seshagiri Viswanatha Rao
27 June 2010 at 09:46
Good Morning Advocates
Under Section 20,34 and 81 of Registration Act 1908 the Sub Registrar concerned have statutory powers/jurisdiction to register fradulent First Sale Deed and it mandates for punishment as well Is this provision(s)/sections are applicable to subsequent sale deeds transactions. If documents are found to be a fradulent or not genuine can the Registering Authority refuse illegal sale deed registration and in case the registering authority does not conduct enquiry u/s 34 of the Act is such illegal registrations are valid legally and if not, what is further course of legal action in case any illegality is detected at a later dater date if sale is detected illegal and fradulent In such type of situations who is responsible Registering authority ir the party/person who manages to get the documents registered illegally
kindly advise legally
Thanks
S V Rao
Manish kumar
27 June 2010 at 08:50
where are commercial tax office in ghaziabad and how much expenses in a registration for taking a TIN in Ghaziabad?
Vijay Kumar
27 June 2010 at 08:33
A cheque dated 10/5/2010 drawn on Centurion Bank of Punjab(CBoP) has been issued.CBoP had merged with HDFC Bank about 2 years ago.Cheque was presented to HDFC Bank on 26/5/2010 and was returned with a report "Account Closed".
What defence,the drawer/accused may take? Kindly suggest.
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LTCG : SALE OF PLOT
I was gifted a plot by my father in Sep 2009 through executing a gift deed through the sub registrar office by paying full stamp duty.This was purchased by him in AY 2005-2006 at RS 15,27,861.00(Present Indexed Cost).
I have sold the plot in Mar 2010 for Rs 64,00,000.00 and booked and fully paid a builder for a flat for RS 53,11,523.00 and kept Rs 3,73,000.00 in Capital Gain A/C in a Nationalised Bank towards cost of registry and purchased NHAI Bonds for Rs 4,50,000.00.
How much tax will I have to pay for this transaction.My tax exemption limit of Rs 1,60,000.00 is fully available for deducting the tax liability.