A three floor commercial property having eight shops is owned by me, my wife and my major son altogether for the past ten years, and the Property Tax receipt, EB receipt are all in our names together.
We have let out two shops together to four different persons for rent. After rental revision this month these three tenants will pay us as follows: Rs.22000, Rs.16000, Rs.18000 and Rs.35000 totaling to Rs. 91000 per month. All of them were earlier paying below Rs.12000 only. As head of the family the rental receipt and the rental agreement has so far been executed in my name.
All three of us are IT assessees and the rental income is divided by three and declared in our statements and there has been no concealment.
After the revision of rent the new annual rent income will be Rs.1092000. I understand that service tax will be applicable for rental income exceeding Rs. 1000000 per year.
AS regards IT computation, after standard deduction for maintenance @ 30% and deduction of property tax, our rental income will work out to Rs. 7400000 per annum or Rs. 247000 per person for the accounting year 2014-2015.We have no other source of income at all.
As regards this property what is the applicability of TDS, Service tax and Income tax? I am going to enter into new rental agreement with these tenants soon. Am I right in executing agreements and receipts on behalf of my family in my name? Please correct me if I am making mistakes and also advise me as to how to avoid these taxes.
SAMSON
17 August 2014 at 10:34
Sir,
I served in a trust for 13 years. Resigned last december as per the procedure. I received the acceptance letter, relieving order,experience certificate and no dues certificate. They gave me an official letter in the letter pad that gratuity will be processed deposited in my account within a month. Now its 8 months past. I have sent 4 reminders which had no reply. Then 15 days back I sent a legal notice. Still no reply. Guide me further.
Milan
17 August 2014 at 10:26
The landlord of tenancy property under pagadi system took rent in advance for a year as he usually does but this time kept avoiding to give receipt under some pretext or other.Its paid in cash. Now he has sold his ownership rights to someone and has shifted to some other premises. we dont know who he is. He said I am no longer the owner so he is not liable to give one. He is doing this so he can harass us to leave the prime property with less money . what is the recourse?
We have all documents required to show legitimacy of the tenancy rights.
Biswajit
17 August 2014 at 08:46
Dear experts,
I have been reading through society bye laws and I am a residence from Mumbai City.
While I understand you can have three office bearers in a society while my observation is everything with regard to role and responsibility has been shared in between chairman and secretory.
Wanted to know from the panelist what is the role and responsibility of treasurer and has it been specified under any section?
I shall await for your response.
Biswajit
respected experts,
the ancestral property was sold by karta with out consent of his two childern(male,female).
according to law by birth the children have the interest and right in the ancestral property.in the sale deed recitals karta mentioned the reason is that sold the property for the benefit of the estate which was not correct and not evidence has been showed.KARTA NOT DEVELOPED THE PROPERTY.SUIT PROPERTY BELONGED TO AGRICULTURE LAND.
Q1.NOW THE CHILDREN ARE FILED THE SUIT FOR THEIR SHARE AND PRAYED FOR DECLARE SALE DEED NULL AND VOID ,WILL THEY SUCCEED IN THE SUIT AS KARTA HAS ANY RIGHT TO SALE COPARCENERY PROPERTY SIR.
Q2.PLS PROVIDE HIGH COURT OR SUPREME COURT JUDGMENTS FOR WHAT STEPS CHILDREN HAVE TO BE PROVED IN THE COURT.
THANK YOU SIR.
raman kumar
17 August 2014 at 03:13
बात यह है की लडकी जिसकी उम्र 17 साल स्कूल पढ़ती थी उसे शादी शुदा लडके से प्यार हुआ जिसके 2 बच्चे छोटे-छोटे है।
लडकी की शादी को कोई भी आता वह मना कर देती पर एक दिन उसने हाँ कह दी शादी को और बजह उस 2 बच्चो बाले चालक बेकार व्यक्ति से कुछ लड़ाई चल रही थी।
लड़की का राज शादी हुए 3 दिन भी नही हुए थेउसका नया पति जान जाता है पति लड़की से उसके माँ बाप के सामने पूछता है कई बार पूछने पर भी शादी के पहले क्यों नही बताया? पुलिस में जाऊंगा बोला तो लडकी ने बोला मुहँ खोला की "उनकी गलती नही है में उन्हें 6-7साल से प्यार करती हूँ। उन्हें कुछ मत करो सब बताती हूँ कोई शारीरिक सम्बंध नही हुए बस किसिंग हुई है"
पति ने लडकी को त्यागने की बात कही लड़की का बाप रोने लगा माँ ने लड़की को बुला कर लडके को नही जाने देना बोल लड़की को समझाया लड़की बी उसका परिवार लड़के(उसके पति)को रोकने में कामयाब हो जाते है।
लड़की की माँ उस आदमी को उसके दमांद के फोन से फोन करती है की तुम ने भाबी भाबी कह कर क्या किया हमारी लडकी के साथ बगेरा बगेर...लड़की ने भी उस आदमी को फोन उसके पति के फोन से ही किया "तुमने अच्छा किया खूब sms किये सब पता चल गया पति का नाम लेते हुए तुम्हारे और हमारे विषय में तुमने मेरी जिन्दगी बर्बाद कर दी अब भूल जाओ हमेशा के लिए मै जानता था यही होगा तुम ने भुला दिया मेरा प्यार नए व्यक्ति के लिए ठीक है सब तुम्हारी गलती है फोन खुदके पास रखना था ..."
तलाक मिल सकता है क्या? लडकी के पति को क्योकि लड़की शादी के बाद ऐसा कोई सप्ताह नही की उसके मायके न गई हो 6माह से पति को छोड़ कर उसके 9 माह के बच्चे के साथ रह रही है लड़ झगड़ कर गई ससुराल से और कहती है लेने आओ तो जाऊँगी लेने गए तो आती नही बाते सुना कर लड़की की माँ भगा देती है। लड़के के मा बाप को। इसबीच लडकी कभी भी लडके को फोन नही करती क्योकि वह शादी शुदा 2 बच्चो का बाप वही बाजू में रहता है इस बजह से लड़का जब भी ससुराल जाता है मानसिक दिक्कत झेलता था क्या? कोई रास्ता है कानून कोई मदद करेगा क्योकि लडके की उम्र 35 और लडकी की 24 साल है शादी शुदा लडकी के प्रेमी की उम्र 46 साल है।
एक साल पुराने पति को divorce मिल सकता है इलेक्ट्रॉनिक साबूत व् sms के आधार पर लड़की से?
AMITS
16 August 2014 at 22:41
right of a woman to succeded to the ansestral property is that she should have been born subsquentely to the 1956 act!
IS THAT SO, IN REFERENCE TO HINDU SUCCESSION ACT AMMENDMENT 2005?
Anonymous
16 August 2014 at 22:38
My husband was initially married to a women .just after 4 month's he applied for divorce on mutual ground with his wife giving wrong affidavit that they were married a year nd a half back.
N they hsv been seperated for six months .whereas they were married for just 4months.
case was in sessions n then it was referred to lok adalat.
my qus is that since they got divorce from lok adalat which court should I go to challenge their misconduct (since hes left me also )
lok adalat or session court?
Will I b heard?
Anonymous
16 August 2014 at 22:35
My husband was initially married to a women .just after 4 month's he applied for divorce on mutual ground with his wife giving wrong affidavit that they were married a year nd a half back.
N they hsv been seperated for six months .whereas they were married for just 4months.
case was in sessions n then it was referred to lok adalat.
my qus is that since they got divorce from lok adalat which court should I go to challenge their misconduct (since hes left me also )
lok adalat or session court?
Will I b heard?
Evidence
There are two (X and Y) organizations. X saying that he send to Y a letter for the cancelation of the agreement / contract but there have no prove of sending, then who have the original letter (document). If X produces the same letter as original then
how Y prove that the same letter is a fake document and it is created by X for their benefit?
Who had the original document ( sender or receiver)?