Manish Gandhi
10 April 2015 at 12:53
Sir,
Co-Op Society is deemed owner of property allotted to members who is deemed Tanant. When property is rented its called subletting and Co-Op Society expect share from earning by subletting to non-members. It is understood.
But when property, say Flat, is outright purchased in Apartment,which is not Co-Op.Society, and maintenance done by sharing of expense, in this situation such Apartment Association charge Non Occupancy Charge when it has no right on property?
What about Non Occupancy Charges,if huge one time maintenance deposit recovered at the time of sale of Flat, deposited in bank and maintenance done from the interest earned? As in that case there is monthly maintenance is not accounted for and hence not collect from each members.
vijendra Singh
10 April 2015 at 12:44
Hiii..to all
I am a b.com 2nd year student and recently i have changed my name form Vijendra Saini to Vijendra Singh Tamangiriya..
And as per requirement my new name has already been published in the part IV of the official Gazette of india.plz help me in foallowing.
1. Can i appear in further competition exams with my New name. And what's the requirement for that.
2.Can i get my new name in b.com final year marksheet as my examination of 2nd year is already going on..
I shall be obliged.
Thanks and Regards
Vijendra Singh
Email:Vijendrasainica78@gmail.com
j.s.coachman
10 April 2015 at 12:39
Recently somebody told us that the Redevelopment Agreement now has a validity period, i.e. it is valid for a certain no. of years only. This, we were told, is based on the Government Ruling/ Supreme Court Order. Please let me know whether this is true.
Thanking you,
J. S. Coachman
pssthya
10 April 2015 at 12:21
CAN someone complain against the police??
if yes please suggest
where to complaint and what is the procedure??
Police not acting even after written
request to act on complaint and deliberately trying to close the case.
naresh lalchand israni
10 April 2015 at 11:39
Dear Sir,
My mother wants to gift a owned shop to her real daughter (my sister) which is situated at Navi Mumbai in a co-op Hsg. Soc. Therefore, I would like to know if any No objection certificate and/or supporting documents are required from the Co-op Hsg. soc.for the gift deed ?
and if yes then can you give me/suggest me the format & what all documents are required so that I can approach to the Co-op Hsg. Soc.
Awaiting for your reply.
Thanking you,
Yours faithfully.
(Naresh)
Pankaj Sharma
10 April 2015 at 10:50
Hi, As per my understanding, for works contract in nature of original civil works / electricity tower erection works, the break up of every Rs. 100 will be as follows :
MVAT on 70% and
Service Tax on 40 %
(thus tax on 110%)
and for repair works, it will be
MVAT on 70% and
Service Tax on 70%
(thus tax on 140%)
Please confirm whether my opinion is correct or not.
Regards,
Pankaj Sharma
Note : Actual break up between goods and services and composition scheme is not possible.
cs
10 April 2015 at 10:24
10-April-2015
Hello Experts,
I bought a new house in September 2011 against a bank loan in my name. I got the possession of the house in January 2012. All these years, I have been paying its EMI. An amount of Rs X still needs to be paid.
This year, my wife's father passed away, without leaving a will. My Mother-in-Law wants us to take an amount of Rs Y from the savings left behind by my Father-in-Law.
I and my wife have decided to take this amount Rs Y, not as an inheritance, but as a 2nd loan from my Mother-in-Law. After adding some of our own saving, we will use this 2nd loan (Rs Y) to repay and close our first loan (Rs X).
I will be making a promissory note, and making all transactions with cheques. We want to pay a monthly amount equal to our current EMI to my Mother-in-Law, to help with her monthly expenses for the next couple of years (till my wife's brother becomes independent).
Paying back the entire loan principal to my Mother-in-Law is not compulsory.
In this entire arrangement, our aim is to:
- Get rid of our house loan (I prefer paying taxes rather than pay expensive interests)
- To provide a steady monthly cash inflow to my Mother-in-Law.
If, in addition to these benefits, I can continue to claim house-loan interest for tax benefits, then we will treat this 2nd loan as an interest-bearing loan. If not, then we will treat it as an interest-free loan.
As per my limited understanding :
(a) A loan from family is tax-empted.
(b) If the loan taken from family is interest-bearing, then only the interest component (not the principal component) is exempted from tax, provided the loan is a house-loan(not a personal loan).
(c) Interest accrued/paid on the 2nd loan (from family) to repay the 1st loan (house loan from a financial institution) is allowed as a deduction.
With this background, please advise:
1. Is my understanding correct so far?
2. If I am allowed to claim interest paid on the loan taken from family, what should be the interest rate? What documents will be required?
3. I am aware that my Mother-in-Law will have to pay income tax for the interest received from me against the loan. Is there a way to legally avoid/minimize this?
Thank you in advance!
Regards,
CS
ARUN
10 April 2015 at 09:50
Respected Sir,
1) I am appointed as “SSE(Mech.)” in Pay Band: 9300-34800 & Grade Pay: 4600 in Carriage Workshop, Lower Parel through RRB Mumbai.
2) Previously, I was working in Ordnance Factories, Ministry of Defence as “Chargeman(T/Mech.)” in Pay Band: 9300-34800 & Grade Pay: 4200 in permanent post.
3) I have joined Railway service Through Proper Channel with permission of Ordnance Factory giving Technical Resignation.
(‘Technical Resignation’ Letter is also send by my previous organisation to LPL Workshop through registered post. Also my ‘Personal File’ containing Service Record, Leave Record & Bond Transfer is sent by Ordnance Factory to this office).
4) I was appointed in Railway with only stipend in my training period. I have not been given HRA, TA and NPS Deduction in my training period.
Please advise me whether I am eligible for HRA, TA and NPS Deduction during Apprenticeship Period (Training for selection against a permanent post).
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Gift of shares to son
I want to gift some shares of a pvt.ltd. co to my son on his birth day on coiming 27th April. Both of us will be outside country for the celebration.Now my query is whether I can mention the date on the stamp paper as 27th April and what plce should I show. If i mention Dlehi is it wrong?
Pls advise urgently.
P.C. Joshi