Dear Experts,

We have purchased flat in resale from the original buyer. The buyer has paid a fit out deposit to the builder as per the terms and conditions of the sale agreement. While, executing the resale agreement the buyer has transferred all the rights, titles, interests, deposits, membership, advance maintenance etc. to the sellers.
We have carried out interiors as per the guidelines prescribed by the developers and on satisfactory inspection process, we applied for the refund of Fit-out deposit paid by the original buyer. After many attempts and rigorous follow up, to our horror the developer said they have already transferred Fit-out deposit money to the original buyer.
We are following up with the original buyer but now he says he has right on Fit-out deposit and we can not claim it from them.
The terms and conditions of the agreement clearly says everything is transferred to us. But the original buyer is not ready to part with deposit erroneously transferred to him.
What is the legal position in this case and what are the ways to recover the said money?
Experts help is solicited. For record, we have duly submitted all papers including agreement for sale and got no objection certificate from the developers to transfer the said flat in our name one and a half year back.
Thanks and regards.

We are running an overseas educational consultancy.Our turnover is less than 20 lakhs.We have some tie up with Universities where they pay us commission in foreign exchange to our bank.
As we do not represent all Universities we place some students through other consultants in India and overseas consultants where they share their commission.Many pay us in foreign currency.
Some deduct GST and many do not deduct.
We some times send them invoice.We are told if we raise invoice then gst is a must.
Would you please advise

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while filing web based dpt3, its asking srn for gnl ?

mine is a pvt ltd having only 3rd party loans

where is question of gnl and advertisement to invite deposits?

any idea?

Is firms renewal necessary

I filed ITR-2 for the A.Y. 2022-23 reflecting Rs. 1,54,136 as the losses of the current year arising out of the interest paid towards a housing loan on a self-occupied second property. The intimation received u/s 143(1) reflects that the income computed u/s 143(1) has not taken into consideration this amount and has modified the column showing the losses of the current year to Zero. As per this calculation under 143(1) whole calculations of ITR have changed and the intimation reflects the demand of Rs. 20,330/- . I may kindly be advised to get the same rectified.

Hi,
Can you help me with the objects for MOA of a food outlet company?

Hy,

i have 2 lac turnover in fno and loss of 60k i don't have any income source i started with scholarship of 1 lac still I need to audit my account as my turnover under 1cr and profit<8% of turnover.

How the income calculated i have done so many transections in saving account but all are small the gross credit amount is not crossing 10 lac I'm in engineering student current year is 3rd. Do I still need to file itr.

Suggest me accordingly your valuable knowledge it will help me to get out from this.

Hello,
I had a query about my Residential status. This is the first time I have moved from India to UAE. I am a freelancer and I have moved on Virtual Work Visa scheme in UAE and currently working for US and EU clients from UAE remotely as self employed.

- Income earned in India >=15L
- In India <175 days (Apr'22 to Sept'22)
- Not Liable for tax in any country as UAE is 0% tax

I want to understand what will be my Residential status (I think it is coming as RNOR?) and will my foreign Income be liable to tax In India?

What is the meaning of profession set up in India in the statement for tax liability for RNOR "Income accruing outside India from a business controlled from India or from a profession set up in India"? - Does this apply to me?

I used to be a freelancer / self employed Individual In India as well (Only for overseas clients) but have stopped this activity and no longer control or operate It from India after moving to UAE.

Can someone please assist with these queries?

Thanks,

Dear Sir/Madam,

would like to know what would be the remark shown on portal after assessments are completed and case is closed FY 2018-2019.
As i received sum of 0 demand after providing all required documents on case.
In portal Proceeding status is showing closed under closure order number xx. pls confirm is it closed or any other assessments will be started.

regards
Ateesh