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Queries Participated

HIMANSHU SHARMA   03 December 2014 at 18:11

Gift of property to widow mother, applicability of stamp duty

respected sir,

My name is himanshu shrma,
I want to gift My property to my widow mother ares 403 sq yard.
whether stamp duty is applicable,if yes, at which rate.
waiting your reply

HIMANSHU SHARMA   03 December 2014 at 17:12

Gift deed amount & rate

first thank to all of you who gave valuable advice.
today i duscussed with NAGAR NIGAM, department told me to made gift deed, plz advice what is the rate of gift deed and amount which was payable under gift deed. My Property are 404 sq feet. TONK PHATAK JAIPUR AREA
waiting your reply

HIMANSHU SHARMA   02 December 2014 at 20:29

Property transferred through will

Plz give your valuable advice on my personal matter.
Actually we have three brother and one sister all four are unmarried, presently my father & grandfather is no more, my grandfather transferred our residential property to her four grand sons means us. We file an application to Nagar Nigam, for Property name transfer from grather father to four grand sons, in this process, one staff person advice us to transfer all rights to mother through (HUK TYAG), We all four transferred property through HUK TYAG, while file goes to Revenue Dept in Nagar Gigam they asked theres is an leakage of revenue, they said transferred can be possible through Gift deed or Sale.
Presently I am facing this problem plz help me what I do, Basicaly i belongs to jaipur.
waiting your reply

HIMANSHU SHARMA   18 May 2013 at 17:41

Method of accouting u/s 145

We follow receipt basis of accounting for interest on FDR instead of accural basis of accounting. This practice is followed consistently. In regular scrutiny the AO added the difference amount in total income(interest as per accrual basis less interest as per receipt basis)(reason stated in scrutiny asstt order being TDS fully claimed but interest partly paid on receipt basis). Need your support on following points: 1. We had paid tax on interest on receipt basis after two years, now if we pay tax as per order U/s 143, there would be double payment of tax on same income. Further the time limit for revision of all the above referred returns has lapsed since the assessment is done. Now what procedure do i have to follow to avoid double payment of tax. 2. Advice for ground of appeal to ITAT Appeal.