Is cash withdrawal for property purchase a problem?
Is cash withdrawal for property purchase a problem?
if we need to withdraw our tax paid savings to purchase a house from our bank. so is there be any income tax concerns in it ? e.g property is worth 50 laks and I need to withdraw around 8-9 lakhs cash
2 years ago
A. Dear Sir,
Property cannot be purchased by paying cash and it will create a problem in future. You may pay all the amounts by way of Bank transfer or through cheque otherwise you will get a problem at future date but there cannot be any problem instantly.
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A. Hi,
If you have doubts regarding the notice, you can file an RTI to know more about the same. You will get information for the same. If you found this helpful, please rate us.
Ayantika Mondal @ Prime Legal
Municipal corporation
I purchased an NA plot size 30*40 in the year 1985, but didn't entered it in municipality and there was no kjp at that time also. But Now I went to corporation to get my plot entered.. they are askin
3 years ago
A. Hi,
You can approach the Court claiming that the development charges have no retrospective effect. We will need more details to give you other grounds of defence.
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Ayantika Mondal @ Prime Legal
OBC Non Creamy Layer
I want to apply under OBC non creamy layer and want to know about my eligibility for the same. 1) Service Criteria My mother is a homemaker and my father became Class A Officer after the age of 40 y
3 years ago
A. Hi,
In order to qualify as an OBC non-creamy layer candidate, the applicant’s parents’ annual income should be less than Rs. 8 lakhs. Salary and agricultural income are not to be considered as income for calculating annual income for creamy layer status.
Ayantika Mondal @ Prime Legal
Cidco transfer
Hello, Mr A sold a flat to Mr B in year 1994. Mr B sold the flat to Mr. C in 2000. Mr C died in 2011 and through will it was transferred to Mr. D. The name transfer to Mr D was done in 2011 and probat
3 years ago
A. hello,
please provide more details on this issue to serve you. the facts are missing.
Ayantika Mondal @ Prime Legal
