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Question & Answer


J

Jyoti Kochhar

26 Jul 2020

After selling my residential property i wish to buy a new residential property to save LTCG as it is necessary to have sale deed in my name for new property as i want to buy a flat directly from developer and there in no need of sale deed in my favour as it will be directly allotment in my name

Replies (2)                          

CA Naman Maloo       26 Jul 2020

There needs to be transfer of ownership when you purchase a new property.
Without sale deed or any other document how would you prove that you have purchased this property. A property needs to be registered in your name.
If you need any professional assistance feel free to contact me at canamanmaloo@gmail.com

JyotiKochhar    27 Jul 2020

To be alloted directly by government developing authorities in my name

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V

Vish

25 Jul 2020

Indirect Tax(Service Tax) if added in indirect income in gross profits. Do i still need to pay Service Tax separately?

Replies (2)                          

CA Deepak Kucheria       25 Jul 2020

Need to discuss in detail.. Please contact us on deepakkucheria@gmail.com

CA Naman Maloo       26 Jul 2020

Even though it's included in your income you need to deposit it with government

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J

Jyoti Kochhar

25 Jul 2020

Dear sir/madam
My father sold his residential property in may 2020 and purchase new residential property in june 2020 to save his LTCG tax as there is rule to hold new property for 3 years to save LTCG but he wants to transfer his property to his wife can he do this or he can't transfer his property to his wife for 3 years as there is provision that to save LTCG person have to hold his property for 3 years ar he can transfer his property to his wife and save LTCG

Replies (2)                          

CA Ravi Modi       25 Jul 2020

No he cannot transfer the property to his wife as it will attract LTCG

CA Naman Maloo       26 Jul 2020

He can do that no issue but it wont help as gift to wife would still attract clubbing of income.

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N

Nanda Kishore V

25 Jul 2020

I have ESOPs from my company. what is the procedure and cost to exercise the options

Replies (2)                          

CA Navin Jain       25 Jul 2020

ESOP can be exercised if the vesting options has been completed at a pre-determined price which is set by the company. For professional advice, reach out to me at +91 9830375894/ canavinjain1@gmail.com

CA Naman Maloo       26 Jul 2020

This is very vague question.

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L

Laxmi

24 Jul 2020

Want to save tax for tax deducted in financial year 2019-20

Replies (1)                          

CA Madhur Gupta       5 Aug 2020

You can contact me at madhurgupta286@gmail.com

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