Results for #rent
Legal
#registration#pan#tenant#rent#agreement
Is it compulsory to mention the PAN number of the tenant on a rent agreement?
Is it compulsory to mention the PAN number of the tenant on a rent agreement?
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Baalkrishan Thaman
3 Answered
Answered on January 03, 2019
Yes the pan number is compulsary for rent agreement and consider for the tax calculations. The New pan card applicant and application should be compulsary verified by the supperior and tenant should be sign by the agreements. The good and great nature of advices are given for them. You can refer more information form panseva. It is one of website for applying and tracking new pan card in easy w...
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Taxes & Duties
#occupy#loans#rent#loan
I own three flats, one of which I occupy myself. The other two are empty. All three have been bought with home loans which are still being repaid. Can I give out the other two flats on rent, and still claim tax benefits on the home loan interest payments?
I own three flats, one of which I occupy myself. The other two are empty. All three have been bought with home loans which are still being repaid. Can I give out the other two flats on rent, and still claim tax benefits on the home loan interest payments?
Answered on November 08, 2017
Yes, you can give the two flats on rent and claim deduction in respect of interest paid in respect of the home loans on the two flats in your return of income.
Taxes & Duties
#transfer#flat#costs#involved#rent
If I want to transfer my share of a flat that I jointly own with my mother to my wife, what will be the costs involved? Also, after the transfer is complete can I pay rent on this flat and claim HRA exemption in my salary?
If I want to transfer my share of a flat that I jointly own with my mother to my wife, what will be the costs involved? Also, after the transfer is complete can I pay rent on this flat and claim HRA exemption in my salary?
Answered on November 08, 2017
You can transfer your share to your wife by executing a gift deed. Further as the property is being gifted to wife (relative), there will be no tax liability under section 56 of the Income Tax Act. However stamp duty and registration charges needs to be paid in this case.
If the gift deed is executed, any payment of rent received by your wife in respect of the said property will be clubbed in...
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Society Matters
#society#address#rented#flat
I have two flats in goregaon that are only a km away from each other. I have moved from one to another recently and want my society paperwork to be sent to my new address, as I have rented out the old flat. But my society chariperson is not doing so. Can I do anything about this?
I have two flats in goregaon that are only a km away from each other. I have moved from one to another recently and want my society paperwork to be sent to my new address, as I have rented out the old flat. But my society chariperson is not doing so. Can I do anything about this?
Answered on November 08, 2017
Unfortunately there is no such provision whereby one can insist society to deliver papers to members outside the premises of society. It would be better if you can make arrangement to get papers collected from the society every weeekly or fortnightly.
Legal
#flat#constructed#rented#sell
I have a flat which is co-owned by my wife and currently we are living in the same house. Along with that house, we also have a constructed house which is solely owned by me and I have rented out that house. I am intending to sell that house, so is there a way by which I can claim Gain Tax if I reinvest to buy a second flat in my name?
I have a flat which is co-owned by my wife and currently we are living in the same house. Along with that house, we also have a constructed house which is solely owned by me and I have rented out that house. I am intending to sell that house, so is there a way by which I can claim Gain Tax if I reinvest to buy a second flat in my name?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If you reinvest the sale proceeds within one year from the date of sale of your property in another residential property, then no capital gains will be attracted on the amount received by you on the sale of your house.
Legal
#property#agricultural#land#rented#shop
We are a family of 6 brothers. Our total property comprises of 4 pieces of agricultural land. We have also rented 2 rooms and a shop. Kindly advice, at the time of distribution of the property among us should we also consider the rented property i.e. the 2 rooms and a shop?
We are a family of 6 brothers. Our total property comprises of 4 pieces of agricultural land. We have also rented 2 rooms and a shop. Kindly advice, at the time of distribution of the property among us should we also consider the rented property i.e. the 2 rooms and a shop?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
At the time of distribution of the properties, the rented properties can also be taken into account subject to the same being tenanted properties and not properties rented by way of leave and license agreement.
Legal
#rented#flat#builder#prices#clubhouse
I have rented out my flat in Brigade Metropolis,Whitefield,Bangalore. The club house there is owned by the builder. The prices of this clubhouse are quite high and it is mandatory to pay these charges. The RWA has also agreed to the clubhouse by laws. The tenant in my flat doesn't use the clubhouse either. I don't wish to bare this extra cost. What do I do about this?
I have rented out my flat in Brigade Metropolis,Whitefield,Bangalore. The club house there is owned by the builder. The prices of this clubhouse are quite high and it is mandatory to pay these charges. The RWA has also agreed to the clubhouse by laws. The tenant in my flat doesn't use the clubhouse either. I don't wish to bare this extra cost. What do I do about this?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
The fees and charges in connection with the club house would depend on the terms of the Agreement executed by you with the Developer when you purchased the flat. If, the Agreement provides that payment of charges towards the club house are compulsory and if you have agreed to the same then you would be required to pay such charges irrespective of whether you used the clubhouse facility or not.
Architecture & Interiors
#rented#appartment
I am living in a rented appartment. How can I decorate my apparment without making much changes?
I am living in a rented appartment. How can I decorate my apparment without making much changes?
Answered on November 08, 2017
Use bare essentials as much as possible. Make use of light and loose furniture . Do not venture out modifications of electrical network and plumbing pipes unless if it's a must. Frankly it should be lived-in house so you don't have to decorate it with many added impediments.
Legal
#possession#rented#flat#paid#construction
I bought a house in Noida and gained possession for the same in March 2012. I live in a rented apartment in Noida. I want to claim a TAX benefit on my other flat for the period of 2011-12. And also 1/5 of the interest on the amount I paid during construction. My query is if I should calculate the notional rent for the month of March as well? I could show it as an income form and show total interest paid as a loss of income. Or should I calculate the rent for the whole year?
I bought a house in Noida and gained possession for the same in March 2012. I live in a rented apartment in Noida. I want to claim a TAX benefit on my other flat for the period of 2011-12. And also 1/5 of the interest on the amount I paid during construction. My query is if I should calculate the notional rent for the month of March as well? I could show it as an income form and show total interest paid as a loss of income. Or should I calculate the rent for the whole year?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Question is vague.
Legal
#property#heirs#unmarried#rent
My grandfather has 7 children, 5 daughter and two sons. Although, they have their own property they are staying in my grandfather's property. They do not have any heirs. Can the children of the other their children claim the property as three of them are unmarried. We require the property as my mother is widow and my other sister is living on rent and all of this is a problem. What do we do to claim the property?
My grandfather has 7 children, 5 daughter and two sons. Although, they have their own property they are staying in my grandfather's property. They do not have any heirs. Can the children of the other their children claim the property as three of them are unmarried. We require the property as my mother is widow and my other sister is living on rent and all of this is a problem. What do we do to claim the property?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
All children of your Ganrd father would have equal share in his estate. On death of any of the children and if there are no heirs of such children, then his /her share in the property would also devolve on his/her remaining brothers and sisters and/or their respective heirs.
