Kollipara Sundaraiah
14 July 2020 at 13:23

Bill of nursing home

Assess maintained a hospital(nursing home.)
Bill
Consultation (o.p.) Fee
Room rent
ICU charges
Doctor's visiting fee
Surgeons fee
Anesthesiologist fee
O.t. charges
Nursing charges
Others.
Question:
Assess all fees collected charges accepted in I.t. act and any not accepted fees in I .t.act.


sankar ponnan
07 July 2020 at 15:05

Lease Agreement

SIR
A Steel manufacturing company leased its plant and machinery for a period of five years by the lease agreement to another company for the purpose of manufacturing in Namakkal.
To register the lease agreement in sub-registrar office, directors of both the companies should sign the document in sub-registrar office.

Unfortunately,one of the director who resides in Chennai, is not able to come to the sub- registrar office, Namakkal as covid-19.

At this time, Can that director appoint his manager who resides in namakkal to sign at the time of registration?

Thanks in adv


Ajay
06 July 2020 at 12:31

Form15g for full pf withdrawal

Dear Sir,
Good Morning,
One of our staff left organisation on 14.03.2020 & she is working as an consultant in our organisation.
She has worked for 14yrs in our company. Now, she wants to withdraw Pf (Rs3 lakhs) & pension amt (Rs.1 Lakh).

She need to fill Form 15G. She is a tax payer & filed ITR for fy 2018-19 (Ay 2019-20). Please help me to fill SLNo.17 Estimated total income of the py (ie. Rs.3Lakhs (pf) + Rs.3.33Lakhs(yearly income)=total Rs.6.33Lakhs. (is it right)
Please let me know after submission of form15g for Rs.6.33Lakhs whether TDS will be deducted or not.
Thanking you,


Kumar

Dear Experts,

I am planning to buy a school (Land + Building) which is currently registered as a Society under Andhra Pradesh Societies Act and rent it out to the same management. Please note that, I am not planning to run the school at least for next few years, due to different obligations, so I am planning to rent it out to the current management as they are interested in running the school for next few years.

As the School is currently registered under Society, I am not sure what is the best way to buy and rent this school. Could any experts in this forum please answer below questions. Greatly appreciate your help on this.

1. Is it a good idea to create new trust with my family members as members and purchase the School (land/building) in the name of trust and rent the school to the existing educational society which currently owns the school? OR Is it better to buy this property as an individual (on my name) and create rental agreement?

2. Which is better between registering property under my name vs newly created trust name from cost/taxes perspective? In case of trust name, Do I need to pay Property registration charges of 7.5% ? For example, in Andhra Pradesh, the base Andhra Pradesh Stamp Duty rate of apartment/ flat is 5%, transfer duty is 1.5%, and the registration fee is 0.5 %

3. In future, If I want to run the school then what is better option Purchasing the school on my name VS purchasing the school on trust name?

Thanks,
Kumar


jaya
02 July 2020 at 16:27

TDS

Hi,
suppose if i am paying rent on 5th of every month then can we book tds on 30th of that month? and if i mention date of payment as 5th and date of deduction as 30th then the return will not get any default or penalty for that ?


123456
30 June 2020 at 19:58

Propterty Tax

Sir
I have a property at Lakdikapul Hyderabad. I want to know how much capital gain tax is applicable on this property. these are the details. kindly update me

Date of Purchase 22nd November, 1999
purchase price: Rs.2,60,000
sale price : 22,00,000
planning to sell in a week.
Thank you,


Pranali Bhandari
30 June 2020 at 18:49

PTEC CHALLAN CORRECTION

Hello Everyone,

By mistakenly selected wrong period on PTEC challan, kindly advice how to re correct the same.

Thanks


Arun Kumar M

Dear All

Can an employer reduce Gross salary by Rs 2,000/- to accommodate PF part of employee( Rs 1,500) from employee's hands itself? Example, if a person Gross is Rs 25,000/-, for which employee contributes 1500/- his part PF and employer another 1,500/- for June month salary. Where in July, his Gross is reduced to Rs 22,000/- so that Employer's share also is paid from employee.

If the same cannot be done through any section/law or by any legal case verdict, please mention the same.

Please feel to revert for further clarifications.


123456
28 June 2020 at 15:15

Gift deed registration

Sir, If Gift deed Registration of property is done in the name of a non relative, will the taxes be saved.
Thank you


ROHIT KUMAR
24 June 2020 at 22:22

PRADHAN MANTRI AWAS YOJNA

IN 2013 I PURCHASED A HOUSE WORTH 17 LAKH ON MY NAME IN UTTAR PRADESH. I TOOK LOAN OF AN AMOUNT 11 LAKH FROM BANK AND REMAINING HELPED BY MY FATHER. IT MEANS FULL FUNDS WAS NOT ARRANGED BY ME.

IN JULY 2019 I PURCHASED NEW FLAT WITH FULL LOAN AMOUNT ON MY NAME IN GUJARAT. M I ELIGIBLE TO AVAIL PM SUBSIDY UNDER PRADHAN MANTRI AWAS YOJNA AS THIS IS MY FIRST HOUSE FULLY FINANCED BY ME . THE HOUSE WHICH WAS PURCHASED BY ME IN 2013 WAS FINANCED JOINTLY.






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