The House rent exemption is giving a considerable tax relief to all of salaried employees at present. What is the conditions about HRA in the new direct tax code 2009? An Explanation will be very helpful to all of salaried persons.
a) Will I be liable to pay income tax on my short term gains in shares even if my total income remains below taxable limits.
b) must I file IT returns.
Do I have to pay (income) tax for having recd. part property through a Settlement Deed.
Stamp duty of Rs.10,000/- and Reg.charges of Rs.2,100/- already paid during time of settlement by my mother.
The property is in Chennai, Tamil Nadu.
Meaning she has one flat…she wants both her sons to have share…but doesn’t want to sell off the flat. So can one of the son buy the property at half value. what are the implications from stamp duty and income tax angle??
1/3 of the property is rented and am receiving a rent of 96 thousand per annum, 2/3 property bis under self occupation and the interest paid isx 2,12,000 per annum
I am currently discussing selling part of the garden of our only residential property and would like to know if tax is payable on the proceeds. The land would probably be sold to a builder for the construction of two semi-detached houses.
Just waiting for them to supposedly settle it and no taxes paid on the house for a few years (only the property taxes no real estate). Who will be responsible for the taxes?
However, there was no written agreement for the same. Subsequent to this, due to some reason, the other party withdrew their intent to purchase the property and wanted their money back. Now, they have sent some letters which state false information by registered post which has to be acknowledged. Does receipt of these letters and not replying to them amount to agreement with whatever is stated in these letters? Do they have any valid grounds for legal action?
Actually i am working in a Textile company, i like to join in a buying house situated in Tamil Nadu / India preferablly in Salem. And also i like to work as a financial advisor (Mutual fund) what is the hope of this business? please explain in detail.