sagar Rao
13 March 2018 at 20:04
SIR/MADAM,
LAND OWNER ENTERED DEVELOPMENT AGREEMENT WITH DEVELOPER IN JUNE 2012 FOR CONSTRUCTION OF COMMERCIAL COMPLEX IN SHARING RATIO OF 50:50 AND TAKEN MUNICIPAL PERMISSION IN MARCH 2014, SOLD ALL UNITS OF BOTH LAND OWNER & DEVELOPER SHARE OF UNITS AFTER GETTING OCCUPANCY CERTIFICATE IN THE YEAR 2015.
MY QUERY IS, SERVICE TAX IS PAYABLE ON THE LAND OWNER SHARE OF UNITS ARE NOT,
AS LIABILITY TO PAY THE TAX IS APPLICABLE UP TO FIVE YEARS ONLY. SO IN THESE CASE FIVE YEARS COMES FORM JUNE 2012 TO MAY 2017, OR FROM COMMENCE OF THE WORK I,E MUNICIPAL PERMISSION TAKEN IN THE MARCH 2014, IN THESE CASE FIVE YEARS COMES FORM MARCH 2014 TO FEBRUARY 2019 PLEASE INFORM FOR WHICH I AM THANK FULL TO YOU
sudhakar s. yeradkar
13 March 2018 at 18:52
Dear Sir,
It is a federation of 25 societies registered in the year 1995. The builder has completed project in the year 1994-95. The total amount was collected by the builder at that time is Rs.70,00,000/- (Rupees Seventy Lakhs) At present builder is not paying anything to maintain the common facilities of the complex. Neither he is giving our corpus fund.
As per MOFA is there any provision to get this fund to federation?
Please advise suitable action.
Thanks in advance
....SAJ SK.....
13 March 2018 at 18:50
Hello Experts,
Can anyone guide me in drafting Partnership Deed.
One of my client has a partnership firm and both partners were sharing equal profit till today.
but now one partner wants to reduce his share of Profit/Loss and other partner is willing to take over his share.
in this situation what document is to be made? and those having draft for the same please give me.
Thanks in Advance...
Nandukumar Kamat
13 March 2018 at 18:11
Dear Sir,
1.As per RBI, for a company to be classified as an NBFC, to decide on its principal business, it will have to satisfy the two tests of assets and income. The financial assets should be more than 50% of total assets) and the income from financial assets should be more than 50% of the gross total income. Both these need to be satisfied for a company to be regarded as an NBFC.
2.Our Company carrying Investment business (Only Purchase & Sells of Shares & Mutual Funds) without obtaining the certificate of registration from the RBI. Last 7 years the Company invests in only shares & Mutual Fund & Total Gross Income of company from only Financial Assets Only. Now our company received notice from RBI regarding the Registration of NBFC. In this notice they are given three option :
1) Apply for COR 2)Merge company with another NBFC 3)Wind up the Business of NBFI.
Our Company Paid up Shares Capital is 24 Lacs & reserve is 1.03 Crores.
Net Owned Fund calculation as per RBI Formula is Rs.17.07 Lacs.
Clarifications required:
We have a investment company whose main objects clause includes investments activities. If they invest more than 51% of total assets in Investments and their 51% of total income comes from dividend & Capital Gain income. The company is not accepting any public deposits and investments are made for long term purpose and not for trading- Will it be treated as an NBFC company? Since their Net Owned Funds (NOF) are less than 2 crores(17.07 Lacs as per Calculations). Can we continue the investment activity without taking RBI registration?
Please provide me a simple letter which has to be given to RBI in respect of Notice received from RBI for Registration of NBFC.
Please advise the same in above matters.
Thanks & Regards
N. K.
Anonymous
13 March 2018 at 17:38
Dear lawyers, my Aunt has been staying with us as a guest for free, for several years now. We gave her a room in our house and allowed her to use our kitchen. Apart from this, she has also been using our electricity for free. After my marriage, we found that we were falling short of space and asked her to vacate her room. She now refuses to vacate saying that this is her house now as she has been staying for so long and there is no law that can make her leave the house.
Please suggest what suitable action I can take to evict her.
Thanks
Neeraj Jha
13 March 2018 at 17:28
Dear experts,
I had been working in an American MNC for 6 years, and each year I got good increment and compliments on the performance but suddenly company told me to resign but I denied. Then company created pressure on me but still I denied to resign and told to fire me if company does not retain me. I was on company role and I had a valid PAN account and PF account. But after 15 days they took my access card and given me full and final documents and told that you are fired. but I got a information through a friend in HR, he said that company did not fire you on record but they fraudly steel my signature and created a forged resignation letter. So like this company did cheat with me. Now, no dues of PF amount is pending. Can I do anything against this fraud????
Please help
SUDHAKAR
13 March 2018 at 15:47
I, B. Sudhakar, Junior Accountant, F&A dept., BHPL Area would like to submit the following few lines
While in service my uncle was allotted Qr.No.D-123, Shivajinagar, Sector-I, Godavarikhani. My uncle has constructed a shed side to the quarter and after its construction the said shed is being used to an outsider. Later the said Quarter was allotted to me in year 1997 and licence is levied on the shed which is being recovered from my salary. When I was transferred to Bhupalpalli on promotion, I requested the tenant to vacate the shed so as to facilitate me to handover it to company authorities, but he/she refused and filed a petition in court on SCCL mentioning that it belongs to him. On 21.08.2017 the case is dismissed in the court of Prl. Junior Civil Judge at Godvarikhani vide Court Order No.OS.No.179 of 2010 (In the website: ecourt downloaded the Judgment copy is enclosed herewith for your kind perusal.)
I had vacated the quarter and shifted my family to Bhupalpalli. After some days Penal Rent is being recovered from my salary for non vacation of quarter by transferred employee. But I had vacated the Qr.No.D-123 at Sector-I in the month of April 2010 and it is vacant since my shifting to Bhupalpalli. Till date more than Rs.3,64,500/- (Rupees three lakhs sixty four thousand five hundred only) was recovered from my salary up to 02/2018. Till date THE SCCL has no response no action in this case. my problem is continued. vacation certificate not issued to me.
In view of the dismissal of the court order, I request you to kindly advise me legally for further proceed in this regard.
B SUDHAKAR
Sunil Kumar
13 March 2018 at 15:37
Respected Sir,
It is intimated that I have purchased a flat in Zirakpur, Punjab and the dealer has demanded Rs. 3000/- for the issuance of Non-Incumbency report as certificate issued by Patwaari and 13 years property records for the purpose of valuation of property by the empaneled advoate of PNB Housing Finance Bank and I have paid all fees for valuation of property in advance by way of demand draft in favour of PNB. But I do not know why the dealer has demanded Rs. 3000/- for non-incumbancy report and 13 years property records.
Kindly advice is this type of non-incumbancy certificate issued by Patwaari or not and also intimated why 13 years records is needed for valuation of property or not.
Please note may be Incumbancy report or Non-Inbancy recport/certificate issued by Patwaari.
It is requested kindly guide me in this matter.
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I am residing in a Co. Op. Housing Society in Mumbai, I had purchased a Flat jointly with my younger brother whose name stands second in the Share Certificate. Now he has made a Gift Deed in my name and now i am the only owner of the said flat.
My query is that what will be the details of Shares transfer from younger brother to my name in the Transfer Form which i had to produced to the Society.