Answers On Category: Allied Law
My parents had purchased an office jointly and investment was made by mother only and father's name was just for convenience sake. Rent income of said office was offered to tax in mother's IT Return only. Father expired and his name was deleted in share certificate. Mother expired thereafter and she had made nomination in favour of her son's HUF and also had bequeathed the office to her son's HUF. Now if Release deed is made wherein all legal heirs release their share of father in office in favour of HUF of legal heirs them whether Stamp Duty of Rs.…
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I retired from the Central Autonomous Body (CAB) on 31/05/2025. Prior to joining CAB I served in the Central Govt. for 9 years and Statutory Board of the State Govt. for 3 years. Service rendered in these organisations was counted for the Pensionary benefits in CAB. As per the rules I got the Earned Leave encashment from both the places. At the time of my retirement CAB deducted leave encashment I had received from the Central Govt. without quoting any reason. CAB has its own Governing Council. CAB has its own Leave Rules. Please help me to get balance leave…
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I am planning to sell my self acquired agricultural land. The total Market value is 3.6 Cr. But the person who want to buy the land is ready to register for 50% of Market value remaining amount be is telling that, he will give the remaining 50% through cash. Is it acceptable? What is the impact of IT Dept of I accept remaining amount in cash?
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Dear Team, I am not able to register my flat as builder is holding and asking me to pay the penalty interest for the late payment & holder charges before the registration. The reason for my delay payment was the demand letter from builder has not shared with me for last 2 milestones. Hence, my funding bank was not ready to disburse the amount without the proper demand letter from the builder. I was keep working with CRM for long time but he called me for face to face meeting and proposed a solution verbally & I agreed. He still…
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1] how many generations can it cover ? 2] will 56[2] x affect family arrangements since cousins are not falling under defn of relatives 3] will it attract stamp duty
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A company which was closed due to pandemic missed filing it's returns. Now the company wishes to revive and start to function. How to file the pending ITR and ROC filing. Is there any way to avoid penalty. There were zero transactions in the company bank account since last three years.
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Attached is a draft of Deed of Release and Reconstitution of HUF. The HUF has a Karta, a Member (wife) and 2 coparceners, one a married daughter and other unmarried son. We intend to reconstitute the constitution of HUF. The Member ( wife ) and one coparcener (married daughter) will be leaving / exiting the HUF voluntarily and then the Karta and unmarried son will continue with the HUF in same name. There is no transfer of assets involved. What will be stamp duty payable in Maharashtra and under which Act or Govt Orders. It will be nice if exact…
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Landowner in JDA getting one flat in kind and balance area to be sold under revenue sharing 60:40. Promoter selling under construction flats with agreement to sell prior to completion certificate. Does it amount to creating third party rights before cc , liable to violations of provision of 45(5A). Plz Guide
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The maternal grand father acquired a commercial shop in 2010. he wants to gift this self acquired property to his grand son. can he do so, under what section.
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STAMP DUTY ON RELEASE DEED IN MAHARASHTRA ON DEATH OF OWNER and whether release deed by legal heir of parent who owns the immovable and who has expired in favour of Hindu Undivided Family of legal heirs will attract stamp duty of only Rs.500/-and registration fee of Rs.1000/- in Maharashtra?