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Can municipalities impose mutation tax, on document value or market value

Whether Municipalities are empowered to Impose Mutation Tax? If so , the Relevant Provisions of Any act with special reference to Andhra Pradesh may be cited. If the Answer is YES , then , what is the basis of imposing such Tax ? Is it on Document Value or Is it on latest Market value ? Whether...

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Whether Municipalities are empowered to Impose Mutation Tax? If so , the Relevant Provisions of Any act with special reference to Andhra Pradesh may be cited. If the Answer is YES , then , what is the basis of imposing such Tax ? Is it on Document Value or Is it on latest Market value ? Whether Levying on Latest Market value ( In case of 40 years old Transaction) is permitted , the Relevant provisions for justification of such a thing when the Government was in receipt of then applicable stamp duty at the time of Registration

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  • 207 Views
Asked at March 07, 2018
GST payment

My builder is forcefully charging GST on maintenance. Builder is not directly involved in maintenance activity. he has hired CBRE for that. I want to know, as per GST rule ( heared saying same from Venkeya naydu ji) if I am paying less then 5000 as a monthly charges then there is no GST on...

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My builder is forcefully charging GST on maintenance. Builder is not directly involved in maintenance activity. he has hired CBRE for that. I want to know, as per GST rule ( heared saying same from Venkeya naydu ji) if I am paying less then 5000 as a monthly charges then there is no GST on maintenace. Please suggest and provide link of official site so that I can go and show to them.

  • 0 Answers
  • 202 Views
Asked at January 08, 2018
Recovery of documents from ex-employee

I started working with this Pvt Ltd BPO. I never received any offer letter nor did any PF benefits. I did quit my job however the employer has my original documents. How can I get my documents because he has refused me to serve the notice period and I cannot pay the fine. Also, I suspect an...

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I started working with this Pvt Ltd BPO. I never received any offer letter nor did any PF benefits. I did quit my job however the employer has my original documents. How can I get my documents because he has refused me to serve the notice period and I cannot pay the fine. Also, I suspect an income tax fraud by the Employer. Please help. Thank you.

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  • 202 Views
Asked at December 19, 2017
Procedure for gift deed to transfer money to mother and brother

Hi, I'm planning to gift money Rs. 5 lakh each to my mother and brother through online transfer. Both the donor and donee are residents of Jharkhand. I'm aware that this is tax-exempt but to avoid any issues in future, particularly from Income Tax Dept, is it advisable to get a gift-deed...

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Hi, I'm planning to gift money Rs. 5 lakh each to my mother and brother through online transfer. Both the donor and donee are residents of Jharkhand. I'm aware that this is tax-exempt but to avoid any issues in future, particularly from Income Tax Dept, is it advisable to get a gift-deed registered? What should be the value of the stamp paper? Any other charges also involved in getting this document registered? Any other things that I should know about this transaction? Thank you

  • 0 Answers
  • 540 Views
Asked at November 23, 2017
I want to gift shares.

I wish to gift shares to my father & brother 10000 each of a pvt ltd unlisted company at bangalore. Other than SH-4 0.25% stamp duty on consideration (book value of shares), kindly tell the stamp duty payable on gift deed. Also clarify Gift deed stamping charges . One more thing if company...

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I wish to gift shares to my father & brother 10000 each of a pvt ltd unlisted company at bangalore. Other than SH-4 0.25% stamp duty on consideration (book value of shares), kindly tell the stamp duty payable on gift deed. Also clarify Gift deed stamping charges . One more thing if company registered office is in delhi then can I still make gift deed in karnataka. If yes then are the charges same for it in gift deed case

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  • 796 Views
Tax on selling land - capital gains

What are taxation laws regarding selling of Land? In which amount tax is applicable? I mean lets say one has purchased a land plot for 10 Lakh and sold it later for 15 lakh then does tax will be applicable on complete 15 lakh or just the gain part which would be 5 lakh? How soon it needs to be...

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What are taxation laws regarding selling of Land? In which amount tax is applicable? I mean lets say one has purchased a land plot for 10 Lakh and sold it later for 15 lakh then does tax will be applicable on complete 15 lakh or just the gain part which would be 5 lakh? How soon it needs to be reinvested in real estate to save on tax? I mean does someone have couple of years to reinvest the sale amount to save on tax or it needs to be reinvested in 6 months? Can a property owner who has recently sold a plot can enter into partnership with other individual/firm to reinvest the sale amount in a flat? what are the modus operandi of such an arrangement? how much tax benefit each partner will get?

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  • 492 Views
Asked at May 18, 2016
Remedy for charging extra GST

On certain products that I buy online from a retailer, I'm being charged unnecessary extra GST. If I approach the firm, they're not offering me an explanation. What should I do? Should I file a complaint?

  • 1 Answer
  • 68 Views
Asked at October 28, 2021
Default avatar Lawfarm Team
last answered 3 months ago
Municipal Charges on the residential property

The municipal corporation has generated two assessment nos for my single residential property in Mumbai. The corporation, a few years ago, hand delivered a demand notice with another number and intimidated us into paying up within 2 days. The notice bore the name of one of the earlier owners but...

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The municipal corporation has generated two assessment nos for my single residential property in Mumbai. The corporation, a few years ago, hand delivered a demand notice with another number and intimidated us into paying up within 2 days. The notice bore the name of one of the earlier owners but no address. Both the assessment nos are similar differing by just a digit. When this was brought to the corporation's notice, asking them to give us a single number, and adjust all payments made earlier to both the nos to this number, they dragged it for 5 years asking us not to make any payments till the issue was sorted out. Now the assessment figure has ballooned to a very large amount because of penalties. No one wants to now admit that I was advised to wait till the matter was sorted out. Further, they say they will cancel one of the nos, and we will have to say goodbye to the payment (a substantial amount) made on one of the nos. Everything was regular and smooth till the corporation hand-delivered that demand notice. The corporation generated a duplicate number, they hand delivered it and made us pay and now say we will not get that money back. How do I get my money back if the corporation refuses to make any adjustment?

  • 1 Answer
  • 77 Views
Default avatar Lawfarm Team
last answered 4 months ago
Tax filing for self employed individual

Can I know the process for tax filing when I'm self-employed? Can I do the filing online and what are the important things to remember when doing so?

  • 1 Answer
  • 86 Views
Asked at September 21, 2021
Default avatar Lawfarm Team
last answered 4 months ago
Income Tax

This is with regard to provisions in the Income Tax Act. There is a new section 194Q that has been added for TDS. There is also a provision for TCS under Section 206C(1H). But both provisions seem similar so which will apply when and what's the difference?

  • 1 Answer
  • 87 Views
Asked at July 20, 2021
Default avatar Lawfarm Team
last answered 6 months ago
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