service
23 Points
Posted on 07 December 2012
Mr. Yogesh Bhandari,
Thank you for your reply. What if the charitable trust is registered only charity commissioner, worli, Mumbai and not registered with commissioner of income tax under section 12 A and 12AA and received the cheque amount of pagdi transfer? If it is not registered under sec. 12A and 12AA, still is this trust entitle to get exemption from income tax from income from house property?
Is the cheque amount received by a landlord for a transfer of tenancy right from old tenant to new person or father to son in a tenanted / pagdi building, taxable or not? If taxable, under what head of income for a landlord and at what rate? Further what if the landlord is a charitable trust and registered only with chartiy commissioner, worli of maharashtra government and not registered with comissioner of income tax under 12 A of income tax act? Is still income from pagdi transfer of trust is exempted from income tax under section 11 and 12 of Inc. tax act?
Read more at: /forum/tax-liability-of-landlord-in-case-of-pagdi-transfer-amount-230139.asp#.UMGwoaz9zKQ
hhIs the cheque amount received by a landlord for a transfer of tenancy right from old tenant to new person or father to son in a tenanted / pagdi building, taxable or not? If taxable, under what head of income for a landlord and at what rate? Further what if the landlord is a charitable trust and registered only with chartiy commissioner, worli of maharashtra government and not registered with comissioner of income tax under 12 A of income tax act? Is still income from pagdi transfer of trust is exempted from income tax under section 11 and 12 of Inc. tax act?
Read more at: /forum/tax-liability-of-landlord-in-case-of-pagdi-transfer-amount-230139.asp#.UMGwoaz9zKQ
Is the cheque amount received by a landlord for a transfer of tenancy right from old tenant to new person or father to son in a tenanted / pagdi building, taxable or not? If taxable, under what head of income for a landlord and at what rate? Further what if the landlord is a charitable trust and registered only with chartiy commissioner, worli of maharashtra government and not registered with comissioner of income tax under 12 A of income tax act? Is still income from pagdi transfer of trust is exempted from income tax under section 11 and 12 of Inc. tax act?
Read more at: /forum/tax-liability-of-landlord-in-case-of-pagdi-transfer-amount-230139.asp#.UMGwoaz9zKQ
CAclubindia
