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Master NDPS 2.0: Latest Legal Developments, Best Practices & Landmark Case Studies

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RAGHUNANDAN   08 September 2015 at 19:33

Whether stamp duty cost cab included in cost of purchase of property for capital gain calculation

I have sold an open plot in Maharashtra for 167 laks and purchased a flat in Bangalore for total cost of 110 lacs which include stamp duty of 5.5 lacs, Registration fee of Rs.1 lac and permanent wood work cost of Rs.4.6 lacs.

Now the ITO says he will disallow the stamp duty, Regtn fee and wood work and will add back to Capital Gain and he will rework CGT which should be paid by me. This works out approximately additional 2.22 lacs which I feel is huge and I think ITO has erred in dis allowing these three items.

Please guide me and quote me IT Act or Law sections so that I can put up my representation.

Thanks in advance.

RAGHUNANDAN

Sk.Gulam Gause   08 September 2015 at 19:15

Section 323.324

If a person is booked under section 323 and 324 and released on bail than it is cumpulsory for him to sign the bond of RS.5000/- infront of executive megistrate under section 107.AFTER PRODUCING BEFORE MEGISTRATE HE have to produce guarantor (zaamin). and after signing bond under section 107 he has to be attand the executive magistrate on each date like court megistrate is giving date .The person is having good omen and wrongly filed first time by this. section .not a single nc is registered with his name in his life time except this.

Sumit   08 September 2015 at 18:26

Validity of marriage under hindu marriage act

a man and woman marry and they have a daughter and son from previous marriage respectively. Can these two marry i.e. the son and daughter?

vardarajan_1999   08 September 2015 at 17:50

Notice period

Dear sirs,
My daughter was working for Sriram Value Services joined on probation for one year. But after working for two months, She has d resigned properly and got NOC from all the department. But the company is demanding 1 month notice or salary in lieu of notice.

As per their service rules,"During the probationary period the services ae liable to be dispensed with at any time at the sole discretion of the company witthout any notice or compensation or any reaon"

I beleave the same is applicable to employee. Please advice Can I take any legal action against this company for harrasing the employee.

ravisharma   08 September 2015 at 17:35

Ownership

We started a hospital under registered partnership firm a year ago. Last month we made and agreement where i decided to transfer my shares to my partner once i receive an agreed amount. But before giving me the amount my partner has leased out the hospital to third party. Further he has given 50%of the agreed amount while rest 50% cheques has been dishonored.
I have filed an application under rent control act but failed to establish my possession on the hospital.
is there any remedy where i can seek to receive the part of monthly rent by the third party to me or to be submitted in the court till my partner give me the full payment? If so under what act and law should i proceed? Thank you.

Anonymous   08 September 2015 at 15:38

purchase of land

I want to buy a part from my neighbour's land which is touching my house boundary of which the neighbour has already made an unregistered agreement on a 50 rupees non judicial stamp paper via notary public from a party last year,but the validity of that agreement has been expired on June of this year and registry is not done yet and the seller is ready to give that part from the land to me by asking me to give the whole amount at one time payment via agreement and asking to wait for 3 months for registering that piece of land in my name. Is it advisable to do so. and on what terms?

paresh zatakia   08 September 2015 at 15:33

Non payment of vat/tds by our sppler

MR.A BUYS GOODS FROM MR.B,WHO GIVES FULL INVOICE SHOWING VAT LEVIED,MR.A PAYS FOR BILL VALUE FULLY.

LATER MR.A RECEIVES NOTICE FROM VAT DEPARTMENT THAT MR.B HAS NOT PAID VAT,AS SUCH YOU HAVE TO PAY.(THIS IS THE PROVISION IN MAHARASHTRA).MR.B HAS REALLY NOT PAID VAT,BUT SWALLOED THE VAT MONEY.

SIMILAR SITUATION MAY ARISE IN INCOME TAC TDS.

IS THIS NOT A CLEAR CUT CASE OF CHEATING? CAN MR.A. FILE CRIMINAL CASE AGAINST MR.B?

CAN HE ALSO COMPAINT ECONOMIC OFFENCE WING OF POLICE DEPARTMENT?

KIND REGARDS
C.A.PARESH ZATAKIA
9833855518

Gaurav Gujrati   08 September 2015 at 15:09

Winding up petition

Sir,

If the company takes loan from the private bank and that bank is also shareholder of the company and thereafter the company fails to pay their loan amount in spite of various request made by the bank. In that condition can bank file a petition for winding up of the company for recovering their loan amount ????

Thanks & Regards
Gaurav

Anonymous   08 September 2015 at 14:55

agricultural land to non agricultural land conversation

Sir/madam,
Is it required any signature from local peoples while converting agricultural land to non agricultural land ...

As per village accountant signature is mandatory for conversion ,please suggest .thanks in advance