Sheryl Aggarwal
23 July 2012 at 19:34
I booked from builder under construction flat in Aug 2006 . It will be ready for posession in Oct 2012 . I want to know the following .
1) If I sell before possession , will the gain be LTCG ?
2) If I sell immediately after possession ( means after registry in my name ) , will the gain still be LTCG or I have to wait another 3 year after possession to avail LTCG ?
Please clarify .
medappa
23 July 2012 at 19:09
My query is:
Will s.232 of the Indian Succession Act be applicable to Sikhs?
Could you provide me with any caselaws to back your answer?
Chandan Gupta
23 July 2012 at 18:06
Dear Members..
I want to know about the Municipal Corporation of Delhi (MCD) approved construction plan for various categories of colonies and whether third floor is allowed in colonies comes under MCD jurisdiction.
Please provide any rules or by laws of MCD relating to above point.
karandeep
23 July 2012 at 15:51
Hello
I am working in a agri based industry. we take warehouse on lease and provide storage handling and after storage service.
Can anybody give me details of the compliance's and licences we must follow or have.
Thank
karan
Member (Account Deleted)
23 July 2012 at 14:43
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R. K. SARASWAT
23 July 2012 at 09:21
Your guidance is required.
I have Income from House Property. I have 2 Properties in my name.
Ist property was Let-Out through out the Year and I have no Housing Loan on this Properly. I am calculating Income Tax Liability on this House in normal case.
2nd Property was occupied by me for 11 months and thereafter I had Let-Out it for 1 month in the financial year. Thus for 11 months it was Self Occupied and rest 1 month Let-Out for Rs. 18000.00 P.M.. I have Housing Loan on it and the Housing Loan amount is Rs. 1,90,000.00 (more than 1,50,000.00 allowable for self occupied property) for the financial year. Thus during the Financial year Total Rent Received is Rs. 1,20000.00 (from 1st House) + Rs. 18000.00 (from 2nd House) and the resulting Income from both the houses combined comes in minus.
Now please guide me that was will be my Net Income from House Property and what amount will be adjustable from my Salary Income? Will I have to carry forward any LOSS from House Property to the next year or I may adjust the whole amount of Interest on Housing Loan from my Salary Income.
A quick response is requested.
Bobby
23 July 2012 at 08:59
In Karnataka RTC (land records) are registered at the Tahsildar's office, and appeals for mutations are handled by the Assistant Commissioners Office or Assistant Registrars Court (A.R. Court) and this is a quasi Judicial Body.
One of my friends in Karnataka has asked me the following questions:
1. Can a RTI( Right to Information Act) application be made at Assistant Registrars Court to find the status of the Appeal?
2. Can RTI be filed at the Tahsildar's office to find the status of mutation?
2. If the A. R. Court gives an order in what period of time the Tahsildar has to implement it. Eg. 2 months, 6 months.
3. If the Tahsildar does not implement it, does it amount to Contempt of Court?
4. If the Tahsildar wants to appeal against the Judjement of the A.R. Court, in what time period he has to approach the Higher Court?
5. In which Court has he to file an appeal?
If any of my advocate friends can answer these questions, I would be grateful.
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Capital gain reinvested/delayed flat possession
I sold my Flat in Aug 2011 & Gain from this is Long Term . I bought (in resale ) under construction flat in Oct 2011 & agreed possession in builder buyer agreement is Sept 2012 .
My question is if possession is delayed beyond July 2014 ( that is 3 years after sale of old flat ) than what will be my liability ?
I will be paying 100% of LTCG to builder before July 2014 but for sure builder will not offer possession .