Anonymous
12 December 2018 at 19:19
Some gifts given in engagement to boy and family members in cash and kinds by father of girl he is also willing to gift a residential area please advise me what is taxable and what is not to what extent
Anonymous
12 September 2018 at 17:18
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.
Meera
10 August 2018 at 08:01
Hlo Sir ... now a days I am pursuing b.ALlb from Agra university.i want to do practicing in taxation plz could uh tell me can I do training of taxation bcoz now I�m under in Ist year of B.Allb
MANOJ
20 July 2018 at 18:14
Respected All,
Can anyone let me know whether issuing C Form in Telangana is not allow, in case final product manufactured ,is exempt from VAT & CST.
P Lease quote any case law.
Thanks,
Anonymous
11 July 2018 at 16:05
My employer wants me to sign an agreement which has a stipulation that " The X shall be solely liable for the payment of past, present and future central, state and local levies, direct and indirect taxes, duties if any..."
Q. How do I avoid liability for PAST transactions? Is there any section or provision under contract Act which can come to my aid. That such a clause/ stipulation if incororated wrt past liability which has not culminated would become void because of uncertainity etc.
Yog Raj Wadhwa
11 July 2018 at 13:22
Please inform whether the fees waiver granted to Teacher's children is taxable under Income Tax Act as perquisite in the hands of Teacher and is there any limit on the no. of children. What is the amount to be added for the purpose of Tax.
Similarly whether the fees waiver granted to poor children is taxable in the hands of their parents.
Are there any cases decided on the issue.
Anonymous
28 June 2018 at 17:20
an acquaintance engaged a contractor to build his office. he deducted works contracts tax from the payment but didn't deposit it with the concerned authority. therefore he doesn't have the certificate.
now the contractor is asking for either the certificate or the remaining payment.
our concern is:
1. if he does not pay the tax within a stipulated period, what is his liability to punishment?
2. since its not yet paid, whom should that deducted amount be paid to - the contractor or the authorities?
3. if he gives the remaining amount to contractor and not to the authorities, and ultimately the tax is not paid, what is his liability? would it double up?
4. how can he ensure that he doesn't have to pay the amount?
Anonymous
28 June 2018 at 15:23
my friend engaged a contractor to build his office. he deducted works contracts tax from the payment but didn't deposit it with the concerned authority. therefore he doesn't have the certificate.
now the contractor is asking for either the certificate or the remaining payment.
our concern is:
1. if he does not pay the tax within a stipulated period, what is his liability to punishment?
2. since its not yet paid, whom should that deducted amount be paid to - the contractor or the authorities?
3. if he gives the remaining amount to contractor and not to the authorities, and ultimately the tax is not paid, what is his liability? would it double up?
4. how can he ensure that he doesn't have to pay the amount?
Gunavant patil
26 June 2018 at 19:47
Sir, I had book the 2 bhk flat in april 2017 at Nasik, Maharastra which will be completed in 2019 and bulider also registered in RERA. Now Bulider is asking GST 12% excluding Stamp duty@5%, Registration charges@1%. Kindly clarify ? what is GST rate is applicable for under construction apartment. with stamp duty and registration charges ? my builder now follows for agreement with GST 12% excluding Stamp duty@5%, Registration charges@1%.
Any chances to reduction in the GST rate for real estate sector within 3-4 months? Builder is not ready to pass credit input of Land also ?
Regards,
Gunavant Patil
8884185395
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Transfer of property to my wife
I am the owner of ancestral property having house and shop and paying tax on rental income from shop. Can I transfer my property ( both houses and shop) to my wife and two minor children. Also who is liable to pay tax on rental income from shop after that