Mr. S made an agreement to sell his house to buyer Mr.B for Rs. X.
B paid Rs. (X minus M) in F.Y. 16-17. TDS was done at the rate 10% on ( X minus M). Seller S sees this sum in his Form 26AS of F.Y. 16.17.
Remaining sum , buyer B paid in F.Y.17-18 and Seller S gave possession of his house to Buyer B in F.Y. 17 - 18.
Please advise how much tax Seller S should pay in F.Y. 17-18 on account of this sale transaction.
Cost of the house, for calculating Long Term Capital Gain, is Z . Z is less than X. Hence, seller S has gained profit.
Sir two years before I was wrongly arrested by the police under the section of153a,145,188 three years completed till not file charge sheet in court what can I do, I also applied for passport but police give ths report to passport office while police verification. How do I get passport please give any ideas..I want passport for my higher studies please help me? What is the time limitation for sec 153a to file charge sheet
Sir,
My daughter aged 16 years 6 months, would like to sell residence flat.
Query: would like to understand what percentage of amount of sale property value to be made Fixed deposit?
An existing borrower who avail cash credit facility . He request bank to issue bank guarantee to a tractor company. Later Bank issued bank guarantee to the tractor company. Now can Bank withdrawal Bank Gaurantee within claim period?
I have a property I bought long ago. The person who sold it stated in the deed that he got it from his father as a hiba.
I paid him 10,000. And registered the deed and did mutation and have full possession to date.
After 10 months the son who sold me the property brought a stamped deed in which his father signed a disclaimer. It's addressed to me that he as the father gave his son the land and he has no claim on the property also that none of his children or relatives should make a claim in the future. He stated that he collected a additional 3000 to sign this deed.
This deed is on a stamp and registered with notary public.
After 20 years the son who I bought the property from has 3 sisters are now claiming ownership.
Their argument is that how can son sell a land when father is still alive.
Secondly the deed with notary public has no authenticity.
Pls what is my stand?
Hello,
I have a 2 floor building, ground and top floor on a land of 1100 sqft.
Ground floor is total of 800 sq ft. It has a Groceries store(400 sqft) and two small(200 sqft each) rooms behind it.
On top floor, I live which is a 900 sqft house.
My question is how the property tax will be calculated ?
Will it be done for each of the sections I described above meaning a total of 4 sections ? so do I need to pay 4 property tax ?
Or will it be done for the entire property meaning 900 sqft and I need to pay only one property tax ?
I also heard that the muncipality incorporates water tax(pani patti) as well, so I have a single water line but do I need to pay for each section ?
I did talked to one of the officials and as per him I need to pay for each sections property tax and also I need to pay water tax for each section which they have set it fixed Rs 1700 a year for one section.
so as per him 4* 1700 = 6800 water tax plus the property tax of each sections.
This seems wrong to me, could someone please help me out ?
I have a warehouse..in which i got subsidy from government..but that is not in my name but in the name of any other lady.. because of large amount of subsidy, this was done by my dad..but now my dad expire..and I cannot purchase that warehouse from that person.. because of government rule of 5 year..so still 1 and half year remaining...now wat can i do now so that the person wouldn't disagre in future.
I m thinking of an agreement to sale..any specific point fr agreement?
Please reply asap
Hi,
I was employed with a private IT firm. They haven't paid the salary for the month of September, 2017. They gave us a notice on 9th October, 2017 that 31st October, 2017 will be the last working day (Offer letter says 30 days notice). When we asked regarding the payment for the month of September, 2017 and a written assurance that the October salary will be given to us and our relieving letters will be issued to us, they did not oblige. Due to this, we did not work from 10th October, 2017 (we had informed them via email on 9th October that we won't work until we received the September salary) and were terminated on 12th Oct after one notice (on 9th October). We had to keep the office laptops as collateral (as I had heard that they had fired previously also and didn't pay the dues).
Employment agreement states the following:
"Your services are liable to be terminated without any notice or salary in lieu thereof for misconduct,
without been exhaustive and without prejudice to the general meaning of the term “misconduct” in
the case of reasonable suspicion of misconduct, disloyalty, commission of an act involving moral
turpitude, any act of indiscipline or inefficiency, or your failure or refusal to perform your
obligations, duties and responsibilities set forth herein, conviction for any serious crime or felony or
any other crime involving moral turpitude, fraud or wilful misrepresentation; and any wilful or
intentional act having the effect or likely to have the effect of injuring the reputation, business or
business relationships of the Company."
Even after multiple reminders, they haven't paid our salary for the previous month and the days which we had worked on in October and have given reasons that salary is in the bank (the transaction was reverted as it was an illegal transaction, the money did not reach our account) / salary will be transferred via Western Union but we haven't received it yet.
They also haven't issued our Experience certificate and Relieving letter (How do I get these documents).
The managers are not even responding to the emails sent to them.
Please suggest what should be done in this case. Am I eligible for September salary and the salary for 9 days for the month of October.
Any help will be very much appreciated.
Thanks.
My wife has a property in her name, which came to her by way of gift from her mother. Now she want to gift that property to minor son of his brother. Whether she can do so or not? If she can do so, what are the procedures to be followed by her?.
False community certificate
Father is a Christian and he belongs to the community called “Pillai” which is a dominant forward community in Tamil Nadu.
Mother is a Christian and she belongs to the community called “Pallan” which is listed under schedule caste. Mother remained as house wife and father has been a government employee, staying together since they got married.
Son who is brought up both parents opted mother’s community “Chritian Pallan” and obtained Backward community certificate for reservation purposes. Using the quota of Backward community, he completed all his higher education in Tamil Nadu.
He further obtains “Schedule Caste” community certificate by embracing Buddhism to declare his community as “Buddha Pallan” and got a Central government job which is reserved for SC.
Now, the query is whether his SC & BC certificates issued by Tamil Nadu Government is valid one or not?