Anonymous
19 August 2017 at 00:31
I HAD SOLD MY HOUSE ON 08/06/2015. QUERY 1 CAN I INVEST IN MORE THAN ONE PROPERTY/LAND ,AS PLANNED FOR MY THREE BENEFICIARY OFFSPRINGS 2. CAN I INVEST IN RESIDENTIAL HOUSE AFTER 2YEARS. 3 CAN I BE ALLOWED TO INVEST IN THREE PLOTS AFTER TWO YEARS BUT BEFORE THREE YEARS 4. WHAT WILL BE CONSTRUCTION DATE IF PLOT IS PURCHASED BETWEEN 2-3 YEARS. PRESENTL ALL AMOUNT IS LYING IN CAPITAL GAINS ACCOUNT. I AM A SENIOR CITIZEN ANY BENEFIT 2 SENIOR CITIZEN
Ashok K Gupta
18 August 2017 at 22:57
Learned Members
I am an employee of Autonomous Body under MHRD. We are equally treated as government employee. I have applied through proper channel to some other Autonomous Body under MHRD. Now I have tendered the Technical Resignation upon my selection to other AB. I have accumulated approx leaves of 180 days. As per the rule, I shall be encashing all the leaves at my credit and transferring my gratuity to other AB, which is in line with the available provisions.
Now the glitch is the pinpointing of my Account Officer, who says the receipt of amount towards encashment of EL is taxable, whereas I have come across with the several information citing that u/s 10(10AA) the leave encashment of government employees is exempted. I dont find the logic of taxing, when rule is clear on the issue.
Anyways I would appreciate if you could enlighten me on the issue before its escalation.
Warm regards
Ashok K Gupta
Anonymous
18 August 2017 at 21:29
Hello Sir
I am a Doctor and I have a fuel outlet in my name. The outlet was started after my marriage. I have a separate PAN card for myself and a HUF pan card on which I am filing the returns of the petrol outlet for the last 12 years. Now I am insisted by the Oil Company to change the PAN of my petrol outlet from HUF to my Personal PAN. Now what should I do? Should I oblige or is it a legal mandate to not use HUF pan card for the business I have started?
Please give your views.
Regards.
N Krishna
18 August 2017 at 19:47
I want to take loan from my mother for house construction and pay interest to my mother's bank account. Can i claim tax benefit for the interest paid to my mother ?
What documentation is required to be maintained in this case ?
N Krishna
17 August 2017 at 17:17
I deposited sale proceeds of residential land in capital gain account. I want to use the money to build a house on another land owned by me. But the issue is that the land has B khata. BBMP does not provide plan sanction for the same. If I go ahead and build the house without building plan, will it be an issue while obtaining approval from Income tax officer (ITO) while closing the capital gain account ?
if yes, please suggest what can be done to get the ITO approval to claim rebate on 54F
Anandan
17 August 2017 at 14:41
Dear Sir,
I have purchased capital goods out side India under EPCG scheme - Means customs duty is free me
As per suppliers -entry tax of Rajasthan/Other states is Nil in the condition of Customs duty is paid by customer.
So, please send the any article stating that exception of Entry tax is void any Imported goods..Please revert- Matter is very urgent...Thanks
kishore nair
14 August 2017 at 23:22
I own a plot of land in Mumbai and wish to sell part of FSI available on the land.to Mr. X. What are the tax implication on sale of FSI?
Will it be better for me to construct a flat and sell the same to Mr. X/
Please advice
Anonymous
13 August 2017 at 00:57
Sir,
I booked a 3BHK flat which was almost ready to move flat in chennai in Feb 2017 with service tax charged 3.75%,
Registration of property has been done in April 2017.
My builder asking an increased service tax of 4.5% in august 2017, few days before handing over. Is it appropriate to claim such increased tax as I signed cost sheet for 3.75% when I booked..
Also, there is an high court n Supreme Court judgement in 2016 saying service tax should not include land value of property.
Please throw some light in this issue, so that I may proceed further.
Regards
Dr. Vinoth
Tamil Nadu
drchellaiyan@mail.com
9999727167/9944894554
Shiv Gawale
12 August 2017 at 08:24
Sir,
My friend working at government sector, during 2015-16 he has donated some amount to xyz foundation. On the real fact is he has not donated any amount to said foundation, some amount pay to foundation like Rs. 5000/- and get Rs. 50000/- donation slip from said foundation for benefit of income tax. In this connection Income tax department call him and recorded all the statement along with 400 hundred more people. My friend said real fact to Income tax department and Income tax department said our target is foundation not you so said real fact to us.
Hence, my question is which action tankan by Income tax department to against my friend and what are the legal procedures to avoid any mishap?
Also guide me any legal procedure to pay some amount to Income tax department for avoid any legal action?
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Rent from office space
I HAVE AN OFFICE SPACE WHERE I AM EARNING A RENT OF RS 180000/=P.M(INCLUSIVE OF MAINTENANCE CHARGES . MAINTENANCE CHARGES CHARGES HAS PAID UNDER ONE TIME MAINTENANCE SCHEME BY BUILDER)RENTAL INCOME COMES UNDER 30% OF TAX SLAB.HOW I CAN REDUCE MY TAX LIABILITY BY ADJUSTING THE MAINTENANCE CHARGES FROM MY TOTAL INCOME.