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Aman Bansal
Recently I have started a home loan repayment for a property which is registered in my Mothers name. I am not a co-owner of the property. All the EMIs will be deducted from my salary account. Is there any way I can exercise Income tax benefits. Even the stamp duties and Registration charges are paid through my salary accounts.
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Your mom will be eligible for the IT benefits, You cannot take the benefits since you are not the owner of the property.
T&C applyK
Kukil Koushik
I am working as a contractual employee under an outsourcing agency. An amount of Rs.20,539.00 (Gst is included or excluded not mentioned earlier) was sanctioned against my post. But they are deducting 18% Gst + 1% service charge from me paying me the remaining amount. Now I want to know that whether they should deduct the Gst from the sanctioned amount aginst me mentioned above or they should include Gst on the sanctioned amount in their invoice? Please clarify my doubts.
It will be difficult to answer without looking at the contract, you may like to book a consultation to clarify your doubts !
T&C applyD
Dhiresh
My father, a senior citizen holds a property. He would like to gift the entire money to my wife after selling the property. She will invest the whole amount for purchase of a new property jointly with me.
My questions:
1. Is there any tax implications to my father or my wife?
2. What precautions should be taken?
3. Please explain the legal way to execute this.
1) Your father will be liable to pay Capital Gain tax
2) There should be a proper gift deed
3) There is no tax for your wife
Note: The above replies are on the basis that amount of gift does not exceed the permissible limit
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Ajay
I have opened a Pvt. Ltd., firm, I would like to whether any trade license or shop establishment license is required or not.
It depends on the local state law, you will need to share more details like type of business and which state is this pvt ltd company
T&C applyR
Rajinder Goyal
I want to bid for Mess tender of a college. Eligibility criteria is met by a catering company of someone known to me. How I can bid in his name & secure/ safeguard my interests.
At the same time, I want to set up my own new company and wish that I develop my own credentials so as to be able to bid for similar projects in future.
Is there any way?
Please advise.
1) You can enter into a legal agreement with the catering company along with Terms and commercials or else if they are ready to on board you as a partner or director in their company/LLP your interest can be safeguard.
2) If you want to develop your own credentials you will have to start a new company there is no other way
