ajithkumar.t
08 June 2011 at 21:37
Public sector undertaking of Govt; of Tamilnadu acting as implementing agency for devt: of infrastructural projects.There is no separate entity fro the last five years for the project. The grant from Gov: of India,and state received by agency and carries out the project.TDS etc collected by implementing agency and paid with their PAN etc.
How the balance sheet of the entity can be derived separately.
Can we start now a separate entity for taking over all the assets etc of the project. If so tax implications.
Is their any exemtions for such projects under Income tax act under the present status in the hands of implementing agency and under the hands of separate entity to be set up in future.
Any other points.
Please reply
Anonymous
08 June 2011 at 19:50
my query was that:
my father had purchased through a GPA during april 2004, a landed property in bangalore for Rs.5,95,000/- and the same has been sold during feb, 2011 for Rs.19,00,000. now to avoid capital gains tax he is planning to go for construction of a house(not interested in purchase of a ready house. He does not posess any site for construction. my wife (that means my father's daughter-in-law) has a site and she is ready to transfer/gift 50% of the site to his name for construction by my father.
here for gifting the site, it is understood that, the gift deed should be subjected to stamp duty of 6% of the value which becomes very huge and not afordable by my father. another way out is to gift to me by my wife and inturn me gifting to my father, so that the gift deeds should be subjected to only Rs.1000/- stamp duty+ Rs.500/- regn. fee as learnt from some sources. kindly confirm my view.
secondly, please clarify whether my wife and my father can enter into a joint vernture agreement/joint development agreement so that on the site my wife is posessing, my father can go for construction? if so what are the legal procedure to go for joint development deed?
i was clarified that my wife can gift to me and in turn i gift to my father.
in continuation to my yesterday's query, i would like to know as to whether my wife can directly give a GPA in my father's name, then what will be the stamp duty and other regn. expenses?
also i need suggestion on my second option of joint development/agreement to construct house by my father on the property of my wife, in which case whether my father gets the capital gains exemption? pls clarify.
Anonymous
08 June 2011 at 14:15
we are manufacturing "POLYURETHANE ADHESIVE". Whether mentioning the Expiry/Shelf life is required as per Packaging regulation under Legal Metrology Act, 2009. Please suggest.
Anonymous
08 June 2011 at 10:33
i am going to purchase a residential flat in delhi . i have given advance and taken a receipt and check paper fully ,now is there any thing else which should i do.
and i have fear of loose advance if second party will wrong because dealer is also stranger for me.and witness is dealer himself
Anonymous
08 June 2011 at 10:23
sir, i am selling my flat in delhi , actually i am doing the transaction first time in life so feel nervous. i have taken the advance and given receipt to him.i want to know what is the further procedure . is there any need to go court for register with the buyer or just sign on paper in home.
and if any other thing which need to be consider.
kapil kothari
07 June 2011 at 19:32
according to article 17(13) of rajasthan civil service instruction 2008 who is appellate authority of ACR apeal
Arvind Aggarwal
07 June 2011 at 12:15
Kindly let me know about TNVAT Input availability. As per my information TNVAT input can claimed within 90 days from the date of purchase or 31st March of every year whichever is later. Is it true? If Yes, please send me notification of this.
Thanks & Regards
Arvind Aggarwal
E-Mail Id: arvind.a@aforeserve.co.in
Anonymous
07 June 2011 at 09:36
sir,
i have sale my Dda flat in 2011. which was purchased on 2003 after that i also paid some due installment in several years with interest. and freehold charges in 2010 . now
i am confused how to treat these installment and interest and freehold charges and some decoration ,paint cost in calculation of capital gain tax. should i take it as improvement cost and which year of indexation will be use for these expenses.
Anonymous
06 June 2011 at 18:08
a house at bihar ,bhabua,village chand.jamabandi rent is regular paid by me from 1963.asuite was field by oposite party in bhabua courty to cansill it.same was field to co chand. can lrdc cancill the it.
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name spelling change for 5 yr old
Sir,
Our daughter 5.6yrs old spelled "Aabha" in her birth certificate needs to be changed to "Abha". Before she joins any of the formal schools. Currently in a kindergarten.
Thanks