Husband gifted one apartment and one plot to his wife {She is house wife.) in good time. Also helped financially to purchase a plot on her name. Also helped financially to build a house on gifted plot by her. Now Wife is owner of One apartment, one constructed house {Ground +1 flour on 40 X30} gifted plot, and one plot that purchased in her name but financed by her husband. Currently no movable or immovable property is in husband's name. Both are senior citizens. Husband retired and working part time for lively wood. House is running on husband's earnings only. Two daughters are married. Husband's PF/Gratuity /Insurance money used for daughters’ marriage expenditure. Now wife not treating husband well. Planning to sell one of her properties {Gifted) for her own security purpose. Husband is not agreeing. Now what is the rights of Husband/Wife?
After name change of a private limited company which are all the documents (eg: letterhead, stamp, Visiting Office Board etc) the old name also needs to be specified?
For example : XYZ Pvt Ltd ( Formerly known as XY Ltd )
Is it mandatory to disclose former name and if yes for how long ?
Accesses has turnover more then 5 CR then E invoice under GST is mandatory ?
in February 2023 turnover reach 10 crore then e invoice is mandatory for which financial year ?
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Respected Sir/Madam,
My First Ques is, Person providing software regarding services to specific company abroad whether there is need of GST No.?? Turnover less than 20 lakh annually..
And My Second ques is, Same person providing above same services to specific company abroad under employer - employee contract, whether treated as under Salary income or business income?
Is GST registration required for on sale of developed plot business?
1. Sold plot on 15-04-2021
2. Capital gain amount deposited in bank on 23-09-2021
3. Utilized full amount less than two years, balance is zero as on date
Ques:
1. Is it necessary to close the account with the approval of AO
2. What are document to be submitted with Form G for approval by AO
Dear Sir/ Madam,
Our Company has a CC account so every month we have to provide a stock statement for margin of working capital. They fix margin 25% for Stock and 50% for Debtors balance. We have an idea to make a Short-Term Fixed Deposit for a sum and as it will be more liquid than Stock and Debtors, there won’t be without margin and can be taken 100% value in calculation of CC Limit.
Our query is
1) Whether we can make a short term fixed deposit and calculate CC limit on 100% value of FD?
2) On what reasons will the bankers not allow to calculate on FD value?
Kindly advise us whether this idea is work out.
Thanks in advance,
With regards,
Bazeer L
Two sisters and one brother got their share of assets after death of their father. Now one sister "A" thinking to gift one of her property to her sister "B" 's son "C".
1.Age of the donour sister is 55.
2.Her husband's age 60.
3.Her children (Son & Daughter) are all major and married.
4.Her sister's son major 35 years old , not married.
5.All are in good relationship and no dispute to this gift procedure.
Now what is the formalities and procedure to follow please?
1.Just Gift deed from one person "A" to "C" is sufficient?
2.All the major mebers of "A" 's signature required? {Son & Doughter -in Law,Daughter & Son-in-Law}
Can a person claim HRA deduction as well as Deduction on Interest on Home Loan under section 24(b) simultaneously ? Why is Income Tax Site not permitting to enter both fields together while filing ITR ?
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Selling gifted property against the donors Wish/Consent/advise