Is there any penalty for someone who gives loan to others in cash ?
Is there any penalty for someone who gives loan to others in cash ?
I know that there is 100% penalty for someone who receives loan of 2 lakhs in cash because it is illegal to receive loan of amount more than 20000 rupees in cash . But i want to ask you, is there any
4 years ago
A. Hi,
Every case and fact is different, we need to understand more before we place our opinion, however the law speaks as below:-
With effective from 1st April, 2017, no person shall receive an amount of Rs 2 Lakh or more;
(A) in aggregate from a person in a day (or)
(B) in respect of a single transaction (or)
(C) in respect of transactions relating to one event or occasion from a person.
Penalty- Kindly note that Penalty u/s 271DA will be imposed on a person who receives a sum of Rs 2 Lakh ...ReadMore
Ayantika Mondal @ Prime Legal
Dr Brototi Biswas
Sir, My monthly income is 1.30 lakhs from salaried sources. My savings in 80c & 80 D is the optimum. Can i save tax if i take a home loan ?
4 years ago
A. yes you can for interest upto rs 200000.00 and for principal repayment rs 150000 in 80c
SHARAD TANDON
Suneel Moudgil
Professional tax not remitted since 10 yrs
Govt approved contractors are not remitting their professional tax to local bodies since 10yrs. This is huge financial loss to local bodies. Concerned authorities also not take action. Can I complaint
4 years ago
A. File a PIL.
Shreyash Mohta
Rameshwar Dadhe
Can I file contempt petition
Sir In my case Madras HC ordered Asst commissioner of commercial tax to collect evaded tax 45 lakhs from two fraudulent contractors on 30.6.2016. According to his affidavit HC ordered. Then He collect
4 years ago
A. Dear Client,
Collect Evidence like papers, documents, essential money exchanges that are done.
Immediately consult a Tax Lawyer in this regard,
File a Case against the Assistant Commissioner with all proper material documentary evidence.
Seek Damages with Principal money plus Interest usually 6 to 12 percentage which vary according to duration.
NITHYANANDAN SUNDARESAN
GIFT FROM RELATIVES AND COMPANY LIABILITY
hello, i have few queries for #vidhikarya #freelegaladvice want to know if my can father transfer a sum upto 1 crores in my father in laws account? who all are counted as "relatives" to whom one can t
4 years ago
A. It is better if we sit and talk over your issue as it requires a lot of technicalities which cannot be understood in the Free Legal Advice sections.
Consult me personally so that I can understand your query properly and thereafter guide you best.
Shreyash Mohta
Tax on agriculture land
We are selling an agriculture land and amount obtained will be used to build a house on a residential plot. Will the amount obtained from agriculture land be taxable or not?
4 years ago
A. Dear Sir,
Please consult any chartered accountant for accurate guidance.
Service tax
I had service tax registration in 2006. I got government job in 2009. After 2009, I didn't submit any return. Even I didn't surrender my service tax registration though I resigned from all profitable
5 years ago
A. Dear Sir,
If any adverse order is passed, get it challenged before the High Court. It will be quashed on bonafide grounds as may be put forth by you.
For full procedure contact me on mobile through Vidhikarya.
Rate me Five Star *
Please visit the following link.
https://vidhikarya.com/LawyerRating/9506c43f5d0b2d266a07
Sunil Kumar Singh
VAT
Builder who had booked and sold flats prior to year 2013 and did not charge VAT at relevant time is now after 5 years collecting VAT .Whether the action of builder in collecting VAT is correct and leg
5 years ago
A. Dear Mr Mehta,
The builder could have collected VAT during pre GST REGIME and claim the same carry forward VAT Inputs in GST TRAN 1 when the idea of GST was implemented.
Since the builder is now raising GST invoices and VAT, CST, has already been abolished as a part of Indirect Taxes the builder cannot charge or claim VAT neither he can take the benefit of the same in TRAN 1.
Saket Mohta
Vat Refund
Dear Sir, I have a Vat Refund for the year 2012-2013. My Vat no was cancelled in 2016. How to claim my Vat Refund. Thanks. Vinay Khullar
5 years ago
A. if this refund ordered after assessment then write to your jurisdiction officer for refund and interest on also. if its belongs to up state then contact me i assure it will be credited you very soon
Neeraj Kumar
Ambrose Leo
Regards law.
How to become a taxation lawyer and what is the role of taxation lawyer.can a taxation lawyer become it department officer, if yes what is the process for it.
5 years ago
A. Dear friend,
Please come to my office or visit any senior office you will be advised suitably.
niranjan C
