PP
23 October 2009 at 17:53
SUB : General Power of Attorney (GPA)
My wife and I are senior citizens and quite old . Each one of us own some property ( movable & immovable ) and individual bank accounts . We want that after one of us dies the survivor must be able to handle ( transfer of title in one’s own name or sell ) and get the ownership of all property ( movable & immovable ) and individual bank accounts .
Can we make General Power of Attorney (GPA) in favour of each other separately ? Is this the best option ? What are other options for easy transfer of titles after one’s death , considering minimum payment of taxes , if any ?
What will be the best procedure ? Thanks in anticipation .
Anonymous
23 October 2009 at 17:25
SUB : How to make a will in India , especially when one's children are living abroad as NRI / citizens ?
Dear Sir ,
How to make a will in India , especially when one's children are living abroad as overseas citizens ? In the present case , regarding making a will , division/distribution of property is not important but the transfer of property ( movable & immovable ) is important as the beneficiaries have become citizens of other countries . Can they get the assets transferred in their respective names in India , sell and then transfer the proceeds to their country of residence legally ? What will be the procedure , considering minimum payment of taxes , if any in India ? Thanks in anticipation .
PP
Ami Parekh
23 October 2009 at 16:06
Dear Expert,
I collect medical bill from my staff and pay them medical reimbursement. As per law 15000/- p.a. is exempted but are there any rules which say it has to be given every month. Cant it be paid yearly ? if i receive a single bill upto 15000/- in a year is it exempted and can i pay at once ?
Please guide..
Thanks & Regards
Ami
Ami Parekh
22 October 2009 at 18:46
hi.......
Dear Expert we pay service tax on the rent of our office till June 2009 after which the service tax on rent is removed but can we take credit of service tax paid on rent till June as our business is of Business Axillary services.
Please guide.
Thanks & Regards
Ami
B. R. Passey
22 October 2009 at 17:36
Whether amount of VAT paid/payable is deductible alongwith CENVAT credit of Inputs and Input Services, while computing the value of taxable services of a Composite Works Contract definable under Erection, Commissioning & Installation Services?
Please note that amount of VAT is deductible in computation of Services under Works Contract Services and in the same manner VAT should also be allowed as deductible!
B R Passey
SANDEEP BAWEJA
21 October 2009 at 14:39
WHAT IS THE LAST DATE OF FILING THE RETURN OF ASSESSEE WHOSE BOOKS ARE AUDITED U/S 44AF (PROFIT IS LESS THAN 5 %)
Smita
18 October 2009 at 13:31
Could you please tell me how to get a bare text of the Nimbus case, or how the assessee (Nimbus) tried to refute the royalty contention raised by the revenue?
Thank you.
abdul rashid dulloo
17 October 2009 at 14:29
While making an assessment or re assessment u/s 147, the Assessing Officer, can not ask information u/s 143(2)so as to make an assessment of the nature of section 143' a regular assessment. In the case of section 147 assessment, the AO should know the amount of income which has escaped the assessment on the basis of information which has come to his notice rather than determining the income as if he is acting u/s 143. Am I right?
ROHIT
17 October 2009 at 11:55
can anybody proove that sales tax evasion is not a crime so that it should not be covered under i.p.c 420,465,468,471 wether tax is evaded by making fake bills and billties
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Is Professional Tax exempted Handicapped?
Hai !
My State : Tamil Nadu
Query : My friend is working with Tamil Nadu Government Judiciary department.
He is a physically handicapped person. He received a message from his superior regarding deduction of professional tax from his salary this year but, not like that previous years.
Can anybody let me know that is there any provision regarding exemption of professional tax for physically handicapped?
awaiting reply.
regards
V.Sundaresan