uma
09 June 2011 at 11:51
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
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.
Municipal Gharpatti (Property tax) Transfer
We recently purchased property from say one Mr. X through duly registered transfer deed.
This property was built on behalf of society members and allotted to Mr. X on completion.
Mr. X had mortgaged the property with a bank on the basis of the allotment letter, share
certificates in his name and letter from sub-registrar of societies recognising his membership.
We paid up and cleared the mortgage on behalf of Mr. X and executed a transfer deed for
transfer of ownership to us. This deed has been registered with the sub-registrar's office.
Now Mr. X was rather lax or ignorant about getting the Gharpatti (Property Tax) transferred
to his name when he took possession of the premises he was allotted.
Recently when we approached the municipality we were informed the property tax (gharpatti)
stood in the name of "Chairman" of the society and there is a sum of Rs. 5469/- in arrears
towards property tax payment.
We got Mr. X to pay up and clear the arrears and also asked him to apply for transfer of
Gharpatti (property tax) to his name, so that then we can apply for transfer of
Gharpatti(property tax) to our name.
Mr. X applied for transfer of the Gharpatti and attached true-copies of Allottment letter,
Share Certificate in his name, Letter of recognition of membership provided by Sub-registrar
of Societies. However, municipal officers, for reasons best known to them, are refusing to
accept or entertain his application and are demanding that he also attach a deed of
sale/purchase/transfer similar to ours.
Since Mr. X has never purchased the said premises but instead was allotted the same by the society
which built the premises, he has not got any sale/purchase/transfer deed but only has allotment letter,
membership recognition letter and share certificate in his name.
Society is registered CHS, however dysfunctional since many of its members aren't educated
and the chairman left without constituting a new managing committee. We plan to request sub-registrar
of societies to appoint administrator since there is no one to administer the society, but that is not
what this query is about.
Primary query is to know if Municipality is right in demanding Sale/Purchase/Transfer deed when there
is none and not entertaining the application for Gharpatti (Property Tax) transfer to Mr. X even when
he is providing documents like Share certificates, Allotment Letter,
Sub-registrar of Societies letter recognising his membership and ownership and what can be done
in this case?
We have written to the Ward Officer and are awaiting his reply on the matter, but would greatly
appreciate expert views/suggestion on how we should deal with what to us seems deliberate
obstruction and harassment by municipal authorities.
Please also note that this property was mortgaged with a bank, so the question of Mr. X not
having proper and clear right and title to it is perhaps resolved, since its highly unlikely
that any bank would forward a loan against a property with ownership in doubt.
Awaiting your advise.
Thanks in advance.