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supukha   03 October 2019 at 21:50

Income tax earned on fd in nationalized bank by chs

Hello Experts,

Our CHS has Repairs Funds and Sinking Funds accumulated of which FD is made.

CHS has charged us share of Income Tax to be paid on that Interest Earned. I wish to know whether the Member is liable to pay? The Interest earned is going to society so the CHS must bear the Income Tax is my opinion. Kindly advise.

In case Experts are view of that each member must bear the burden of Income Tax then as a member may I suggest to CHS to keep the funds in Current Account so no burden of Income Tax for each member.

Thank you
Regards

Anonymous   03 October 2019 at 21:42

Create a legal will - divorce/ child case

Hello Respected Sir(s),
I got divorced few years back and also have a Son from the 1st marriage. The case was settled out of court and I also received the decree/ etc. I am now married again and blessed with a daughter. I wanted to understand on the following aspects as I have a property on my name:
a) Will my son from the 1st marriage have any claim/ right on my property? He is a minor right now. What happens after he turns 18?
b) If I do not wish to give anything to him in my property, what needs to be done to safeguard my current family?
c) If I create a will with my wife/ daughter's name, clearly directing the Society to transfer the right to them after me, is that good enough? Will they still ask for affidavits from all my legal heirs?

Sandeep Naik   03 October 2019 at 16:54

Gift deed

The father has gifted the property with the hopes that the son will take care during his old age. The Welfare and maintenance of Senior Citizens Act, 2007 says that if the beneficiary (here the son) neglects his parents then the donor can revokes the gift deed u/s 23 of the said act. However, the son has sold the gifted property to third person, then whether can claim his right or he has lost his right ?

Anonymous   03 October 2019 at 12:46

Order passed by drt under sarfaesi act.

Hi all,

My query is:

Builder took a loan from the bank and mortgaged a particular property as a security by virtue of Registered Mortgage Deed. The builder later on defaulted in repayment of the loan amount and the Bank filled a petition under SARFAESI ACT with DRT for recovery of the amounts. The orders were passed by DRT in favour of the bank and the DRT ordered for public auction of the mortgaged property.

Sale Certificate was issued in favour of the successful bidder and the same was duly registered and the stamp duty amount was paid on the same.

Now, the Registrar and its higher authorities are asking for the status of stamp duty and registration to be paid on the transfer of property to the bank through the DRT Orders.

Is stamp duty and registration charges are applicable on the property received by the bank??

If yes then how the stamp duty and registration charges will be calculated and on what document it will be calculated? Will it be the DRT order passed in favour of the Bank?? Any case laws will be helpful.

And if no, are there any case laws for the same??

Thanks.

PRIYA BHATIA   03 October 2019 at 10:45

Property gift deed

My father has a flat in his name and wants to gift to my brother. But he has some apprehension in doing so. Can he do a conditional gift deed?
What is the process and can he hold the title from passing to my brother till his death?

Anonymous   03 October 2019 at 08:55

Advocates visiting police station

Is it possible for an advocate to enter into police station and support his client during police investigation?

Nikhil chaudhary   03 October 2019 at 08:15

Do i need to pay court fee?

i have got my answer.........

RAJU Kumar   03 October 2019 at 00:14

Domestic Voilence against wife and teenage daughters

my sister's husband is Assistant Sub Inspector, has been beating her and for the past couple of years and mentally harassing her. She has registered a complaint against her but he still continues to mentally harass her. What should be the next step to be taken and if a divorce situation comes, what will be the outcome of this?

vivek patil   02 October 2019 at 22:58

Pagdi tenant in mumbai

My 30 years old tenant having a shop in mumbai suburb has suddenly given his shop to third party and vanished .In this case what step i should take as a landlord.

Rakesh   02 October 2019 at 17:06

Passport address issue

I'm a working professional living in Mumbai at my brother's house. I didn't have any address proof of Mumbai and have applied for a passport in May 2018. Due to adverse police verification report, a show cause notice was issued and after paying a penalty, my file was closed. I entered into a rent agreement with my brother (the house is on his name) from 1 November 2018 until 30 September 2019 (11 months agreement). As of now, I have Mumbai address on my aadhar card (updated with the help of rent agreement). Could you please help and let me know if I can now get a passport and should I present my Mumbai address as permanent as well as present address? I don't have any other address proof except aadhar card and rent agreement. As of today, I've completed 11 months living in this house officially and actually 4.5 years (though I don't have any proof of address on a valid document). I can get a letter from my employer company stating that I've been living at this address since 2 years while being employed with them. But I'm afraid that the passport office won't accept it because it isn't a public company. Need you immediate help on my address issue. Thanks in advance.