Anonymous
28 June 2018 at 21:12
I AM WORKING AS VICE PRINCIPAL OF DISTRICT INSTITUTE OF EDUCATION AND TRAINING, SALEM
I received honorarium to taking training class in IN MY OFFICE
MY DOUBT IS HONORARIUM TO TAXAABLE INCOME
Chandraprakash B. Morjal
27 June 2018 at 16:16
I had purchased ready built flat on 26.11.2012 in a building consisting of 10 flats from Shri T.K. Joshi, doing Real Estate business in the name and style of "Lakshmi Developers". As per agreement, Maintenance Charges @ Rs.1686.00 per month was paid to the builder in a lump for three years period ending 25.11.2015. After completion of said three years, the builder continued levying maintenance charges in the absence of Co-operative Housing Society. Now maintenance charges are increased from Rs.1686.00 to Rs.2248.00 per month + GST @ 18%. Though the builder is doing his real state business in the name and style of "Lakshmi Developers" but he is claiming maintenance charges by cheque in the name of "Lakshmi Developers Vrindavan". The property is within jurisdiction of Gram Panchayat in Thane District of Maharashtra State. The Gram Panchayat is not providing any civil amenities to the residents because the builder has not cleared old outstanding dues of Gram Panchayat. The civil amenities being provided by the builder is sub-standard. Now my points for clarification from expert are as below:
(1) Whether GST @18% can be paid :
(i) to "Lakshmi Developers Vrindavan" which is not registered under GST;
(ii) the monthly maintenance charges are below threshold limit of Rs.7500/-;
(iii) the annual turnover of "Lakshmi Developers Vrindavan" is below 20.00 lakh;
(2) Whether higher rate of Maintenance Charge is payable to the builder, who is not initiating for formation of a Co-op. Housing Society, and providing only sub-standard Civil amenities.
(3) Whether the builder can delay the payments of old outstanding dues of Gram Panchayat and thereby deprive the residents to avail standard amenities from local authorities.
Note: Civil amenities, wherever mentioned in the above query means "Services and Maintenance".
Anonymous
25 June 2018 at 17:37
A flat in Mumbai is jointly held by the mother and 2 adult daughters. The mother and elder daughter are NRIs holding PAN cards. The younger daughter has given up her Indian citizenship and is now a foreign passport holder.
The family is interested in selling the property. Since 1% TDS is applicable for sale of property valued above 50L how does one go about when there is no PAN card with one of the owners.
kehar singh
14 June 2018 at 19:02
Sir,
One employee has been posted in my department and the TDS amount to be deducted from his salary as shown in his Last Pay Certificate issued and signed by his previous employer is NIL.
I doubt on the TDS amount shown in his LPC, so I asked him to furnish the other document if any so as to establish how your TDS amount arrived at 'NIL'.
The employee has denied to furnish any documentary evidence but rather told me to go with the amount shown in his LPC. He further said "under which provision of IT Act you have the right to deny the amount shown in my LPC and under which provision you are asking for the document.
So my question to the learned members are :-
1. Should I go with the TDS figure shown in LPC or re-assess his TDS amount and deduct the calculated amount. ?
2. If I should re-assess and start deduction accordingly then under which provision I as a Deductor have the right to do so legally.
Abhay Kumar Sethia
09 June 2018 at 17:38
Dear Sir,
I want to registered a entity under my existing HUF with the same PAN, for trading of goods, and these goods are supporting material for the the main good Manufactured by MY sister concern which is a pvt ltd company. and this Huf is also a director in the said pvt ltd company.
is it a wise decision to frame a proprietorship under the HUF with a same PAN
OR
we shall go for any other form of the entity for our trading business.
Reply at your earliest.
Anonymous
07 June 2018 at 10:10
Me and my sister have inherited a house (Karnataka) from my father's side. The property is still under the name of my father. We have not changed the joint ownership (khata) to our names. We intend to sell the house now.
Since I will be going abroad very soon, I cannot be present during the entire process of changing the khata and selling the house. For this reason, I intend to give a power of attorney to my sister to do the entire transaction on my behalf too.
My questions are:
1. Is it possible to give such a power of attorney?
2. What are the documents required?
3. What is the format of such a power of attorney?
Partha Chattopadhyay
30 May 2018 at 21:26
Sold out an agricultural land in rural area. It is not considered as capital gain. While filling up ITR2 for efiling I am at a loss to find where in OS (income from other sources) sheet I am to include the amount received and where in EI (exempted income) sheet I am to include this amount for exemption. Seeking advice.
Sanjib Kar
29 May 2018 at 22:12
What would be the stamp duty payable for a lease of 33 years for a school in Karnataka with a advance of 15 Lakhs and a monthly rent of 1 lakhs 20 thousand.
Nandukumar Kamat
28 May 2018 at 17:17
Dear Sir,
Our Company Kadam Financial Pvt. Ltd.(NBFC) having total turnover of Rs. 140 lacs for the FY 2016-17 & 147 lacs for the FY 2017-18 needs to get its books audited u/s 44AB of the Act as turnover has exceeded Rs. 1 crore.
The all income as Divided income from Mutual Fund & Listed Company which is exempt u/s 10.
In above case the Tax Audits as per income tax act under section 44AB is applicable or not.
Please provide your reply in above matters .
NK
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Honoraium income tax which section
honoraium income tax which section