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Deepak Kumar
1996 mai humne ek land buy ki or uski payment 230000 ki .land power of attorney par buy ki or us time hum kisi wajh se uski registration nahi kar paya ab 2022 mai hum uski registry karna chahte h lekin wahi landlord keh rahe unhe capital gain tax padega pls guide kare kya padega unhe jabki hum unko cash 230000 ,1996 mai de chuke h abhi koi cash unko nahi de rahe h
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Yes, the seller will be required to pay capital gain tax to give legal effect to the sale of the property.
T&C applyS
Sukant Kumar
Between "Special Allowance" and "Residual Choice Pay" , which is better from tax liability point of view ?
In my opinion residual chopice pay is better because it includes HRA, LTA etc. Special allowance does not not include HRA, LTA, Mobile reimbursement etc.
For Income Tax consulattion, you can connect with me at ca.pujasharma@outlook.com
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Kamal Kumar
Can i take a co loan on a property which is on my wife's name and can we both claim rebates under income tax.
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Dileep Kumar Dora
I've filed ITR for the AY 2021-22, but not aware of e-verification is mandatory, recently got a mail saying higher TDS is applicable, now I e-verified but it's showing your condonation request is submitted for approval, return in invalid till approved. its a big blow for me as I was not aware of the higher TDS rule, how can I escape from higher TDS. please help.
There is no other option other than you have to wait till the status of your IT return becomes "under processing." You cannot also file ITRU, in my opinion, because there is no additional income to be reported now.
IT return, once uploaded, has to verify within 120 days, and then only the dept takes it up For processing.
For more information, you can book my appointment at ca.pujasharma@outlook.com
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Samir Madhukar Bachal
Sold a flat which was in the first name of Me and my father. Now purchasing new flat. Is it compulsory to add father's name to the new flat ?
My father don't have any objection.
How can I avoid it ?
No, it is not mandatory to have your father's name on the new property.
However, if you want to claim Capital gain exemption, it is better to have your father as co-owner.
