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aananth   12 September 2018 at 19:04

Settlement deed revokation

Hi Experts
A father through a settlement Deed in August 2017 settled a commercial property for his sons. Now, this august 2018, he has revoked through a revocation deed with stamp authority. Is it permissible in law?. If yes, any time limit?
Thanks in advance.

Anonymous   12 September 2018 at 18:33

Capital gain tax

Sir / Madam,
My father-in-law aged 83, has sold a property for 45 lacs. He has divided this amount equally and gifted this to his two sons equally. Both his sons have purchased their own individual residential properties. Is my father-in-law liable to pay any tax for the amount received. He has given both the sons 22.5 lacs each by cheque through gift deed. Please guide.

Smart Developer   12 September 2018 at 17:50

Defamation & livelihood

I had been working with a school for around 2 years, which I have left several years back. I have started my own classes since the last one year, now after several years the school has come up with a NO TUITION POLICY and banned only a PARTIAL list of EX teachers on their website with names.

The students have been asked to signup an undertaking that they will not go to those classes where these EX teachers teach, the child will not be allowed to sit in the exam or attend classes if they come to know.

I would like to know what are the options to go against the school?
Can I file a defamation case and any other?
How long does these type of go to get justice?
Also, what are the charges?

Jitendra   12 September 2018 at 17:38

I have paid token money 16k to future flat owner

Hi Team,
I would like to inform you that I have seen a flat and finalized without even site visit and given token amount of 16K on the basis of pics.
Flat condition was like Flat was going to vacate on 23rd September 2018.
After 2-3 days due to financial medical emergency in my family i said to my owner that i think i can not go with deal or you have to give me some flexibility to submit deposit amount.
Like 20K i will deposit once i move in and rest 30K would give in 3 months as an EMI. 10K each month.
I have given token amount on 4th Sep 2018 via Netbanking. and family emergency i have informed him on 11th Sep 2018. Please take a note previous tenant is still in his flat.
So he said he would discuss to his wife and come back to me. Meanwhile i was in urgent need of money i applied for personal loan and thought to pay deposit at once once i move in.
He discussed with his wife and on 12th he is saying to me that he can not give me flat.
So he would deduct the money till how many days he has hold that flat for me.
it means from 4th September to 11th September but my point his tenant is yet to vacate that flat on 22nd September what he has hold for me.
And also now I am ready to pay entire amount because my personal loan got sanctioned. However he is not willing to give me flat and also trying to deduct my money what is my fault. Why my money should be deducted.
I am willing to pay the said amount at his terms. Now he is declining to give me flat.

Please suggest what i can do to either get my money without deduction or to get flat on rent.

Thanks
Jitendra

Anonymous   12 September 2018 at 17:18

Tax liabilities of society/trust for religious activity

A well settled Hindu family of over 11 generations from West Bengal engages internally in an annual religious festival for 240+ years. Over the years, as the family grew, the finances passed down from previous generations got distributed and at present were derived from interest incomes on normal fixed deposit accounts distributed among several family members so as not to affect individual tax liabilities(A mutual agreement). Due to the complexities of present time and involvement of a lot of members, the arrangement has proved extremely unmanageable to maintain with the required integrity by the current generation leading to various disagreements and problems diluting the actual intentions.

A motion was proposed among the stake holders to liquidate the existing distributed arrangement and form a centralized arrangement for effectively managing and sourcing funds. The income of this setup will be through internal contributions/donations among the family members and interest income from that. What options are available for the stake holders to legally operate only for the said religious purpose and what tax liabilities will be imposed.

kumaresh sharma   12 September 2018 at 16:31

Signature dispute

i qualified an examination in which my photograph is matched and my biometric thumb print is 92% matched and they want it to be 100% match.due to this they sent my exam documents for forensics to verify my signature and my ink thumbprint .but due to variation in my signature sometimes i use fast hand and sometime slow due to which i put my signatures named as "kumarsh sharma " and "kumesh sharma "on two different documents .which are sent to forensics also the both documents have my ink thumbprint also . what could be the forensic response on my signatures variations .even though my signature issue if my thumbprint is matched on documents ,will they consider me as a legally right candidate ??? althogh one document has my writting sample also written in my running hand . what can be the result from this forensic report and what can i do now in this matter ?????

Anonymous   12 September 2018 at 13:54

F&f delayed with less amount

Dear Concern I have resigned on 1st June from the company. As per the contract I was eligible for a notice period of 30 days, which I duly served. The Exit Communication stated f&f settlement maximum by 30-45 days, post completion of same I dropped a mail for inquiry, further which they promised to have it done by the second week of September . On the 67th day from LWD , I received a mail containing a sheet for approval on amounts before 3 working days, I would like to confirm points as below - 1.- Can I file a compensation for delaying the fnf process if yes, how much? 2.(a)- Incentive earned in the month of May, were to be settled in the month of June, which is still not included in the fnf calculation , 2.(b)- Incentive for the month of June(notice period) - Am I eligible to get the notice period incentives?? (Company changed policy w.e.f july - From july onwards the incentive earned during the notice period will not be given) 3.The Performance linked Incentive included in the CTC are pending from 1year 1month . Can I claim that post resigning too?

Member (Account Deleted)   12 September 2018 at 13:15

validity of llb course

sir ,i was a student of llb.

Naresh Kumar   12 September 2018 at 11:43

Execution of will

A wants to execute a Will in favour of B (his spouse) for his 100 sq. ft. residential house. In this regard, I want to know:-

1. Weather engagement of a lawyer is must for preparing the will.
2. Is it must to prepare a Will on a non judicial stamp paper or it can be executed on a simple paper.
3. If it can be executed on a plain paper then should she write in her own handwriting.
4. Whether two witnesses are must in this matter.
5. Is it must to get the Will registered with the competent authority. If yes, who is the competent authority in this matter.
6. What charges one is required to pay for getting the Will registered.

Kindly reply.