I wish to buy a house in Chennai, House Owner with still some loan amount pending with pvt. bank has registered power of attorney with Mr.X. and Mr.X has contacting me and I am moving with the same pvt. bank for loan. There is a query with the bank now that power of attorney is not valid as still there is loan. How to go about?
Because brokers are now making the rate high between the buyer and seller so to avoide this problem what action we can take while buying?
I am an Indian national and want to know something as to fiscal authority format to be given to my employer at Italy to avoid double taxation of Income Tax
the senior citizens may need compassion, respect and physical help. but they are not financially weak. then there appears no basis for giving them benefit in income tax and railway fare.
I have taken an house loan from HDFC in 2009-10 but the flat will be given posseion only in July 2010, although EMI has already commenced. Can I claim tax exemption in this year on the interest, though I have not got posseion of the flat. Construction is 80& through.
hi, i gave some amount to my wife for a property purchase and the property was registered her name. the amount which i gave for the property was my own income (salary). what is the tax treatment for this amount, can i show it as a loan given to wife. also how it will be treated in my wife’s ITR?
I took housing loan in 2003 for purchasing one property in ‘A’ city. The same is now given on rent. Now, I’ve decided to purchase second property in ‘B’ city. But I am staying in some other [‘C’] city, therefore, I need to give my second property on rent. Can I claim income tax benefit for two rented properties, if so, how much?
We gave an employee his work vehicle upon retirement. Value of the vehicle is 10,000. Employee has requested we take taxes on the value of the car. How do I report this for payroll and tax purposes? Is it compensation or non-compensation since we are collecting the tax on it but it is a vehicle and not a paycheck? Any help would be appreciated!
If an employee leaves in middle of year, then the income tax exemtion of first slab , Rs 1.50 lac, is to be given in full or proportionately ?Similarly what about the saving limit u/s 80C? Complete saving limit of Rs 1 lac can be given or again it should be proportionately.
My relative had given a house on rent. The tenant is neither paying any rent nor vacating it. Can a suit be filed in the court for eviction ? Somebody told that nothing can be done as he is in the house for last 40 years ? The property is worth 9 crs