My appeal before CIT (A) is pending for the last 3-4 years, and still there is no indication when it is going to be heard. Is there any time limit in Income-tax Act for the CIT (A) within which it has to issue notice of hearing and pass Order?
My parents made a will that leaves their house to me. I want to sell it. Now, how should I proceed? Can the house be sold on the strength of ‘will’ alone or do I have get it registered in my name. That would cost unnecessary expenses in terms of time and money.
People with knowledge about Indian property and inheritance laws, please guide me.
Thanks in advance.
before making a will. He has left 4daughters and one son behind. Can this property be dividable in these five children of his. Three of his daughters are not willing to take the property as they are going to let by. Now my question is if the property is done on my grandfather name , then will my mother can the share of the property even if the other 4 childrens dont sign the papers. As the other four are not bothered or they are not willing to handover the property share of my mother.
The IRS received the information – appropriate form and a copy of the tax return – on Feb. 7th or so. I wondered how long it will be until this person receives a notice of audit.
He’s my current husband. I could not file with him because of not trusting his numbers. It’s between 12 and 28K of deductions that he many not have been due. Hope they get around to him soon.
They just announced that deductions from pay will no longer be on a pretax basis. The question is: In what specific way does this benefit the company? Also, what is the effect on employees at tax time?
My Aunty got married before 1967. Whether she / her family is eligible to claim my grand father’s property who is not alive and sale deed is in grand father’s name.
Thanks in advance
I am planning to sell one of my flat bought in 2004 on home loan. I have claimed for tax deduction for 4 years already. I have a seen a clause in the yearly bank statement that i will not be entitled for tax saving on home loan if flat is sold before 5 years. Is it true? Please provide more information on this clause.
I want to take a home loan from bank, but have not yet finalised my property. Is it possible to get a property loan? When will the entire amount get sanctioned?
What factors should I look for? What care should I take for new property or resale?