Query- rertur filing of Foreign company
””We, Indian Company paid the management fees to the foreign company, Indian company deducted the TDS on such amount. That is not supposed to do. Because such management fee are not taxable in India.
Now the question comes that how can the Foreign Company claim the refund of the TDS. Here the Indian company will be treated as Agent of Foreign company Under Section 163. If yes then what to do in the hand of Indian company or foreign company.
Should the Indian company file the application to A.O., if yes then under what section. Or Power of Attorney would do, if yes then on what value of Stamp?”
Property tax adjustment isuue between a buyer and seller
We live in the state of New Hampshire, and on 07/13/01, we purchased one side of a duplex. The seller, at closing, paid the prorated or estimated city/town taxes from 04/01/01 to 07/13/01. When we received the actual tax bill, the taxes had increased from the estimated amount paid at the closing. The seller owes us $57.60 more than he paid us at closing.
He is refusing to pay, claiming that at the closing, we all signed a ”TAX ADJUSTMENT HOLD HARMLESS LETTER” , which frees him of all obligation. We believe that this form is simply to exonerate and hold harmless the bank, and not the seller.
Is the seller responsible for the increase in taxes for the months prior to the closing?
If so, we would like to know where we can find this ”law” or ”rule” to present to him or an arbitrator to support our claim.
Nomination of a flat
My father in law nominated my wife(his daughter) for a flat situated in thane, i have applied for transfer issuing indemnity bond – can you guide me what other procedures i have to complete, have you to pay any transfer charges and stamp duty – thanks
I purchased and took delivery of a car in Massachusetts. The dealer
accepted 6% sales tax detailed in bill of sale and purchase. Also took fees
for documentary preparation and title and registration fees. This was 6%
sales tax rate as the vehicle had to be registered in Florida. Legally 5%
should have been paid to Mass and 1% to Florida, however the entire 6%
was paid to Florida. This would have been appropriate, only of I had taken
delivery of the vehicle in Florida. Being that the dealer took the sales tax
and distributed it, on my behalf, did they have an obligation to do so
according to the law? When presented with this the RMV refuses to
register my car only when I have paid Mass 5% sales tax in addition to
interest and penalties. Can I recoup these costs from the dealer, perhaps
via small claims court?
Auto Sales less than 80% of book value
I recently purchased a vehicle which had been wrecked, and needed extensive body/mechanical repairs- for considerably less than book value. The seller was moving away -wanted to get rid of the vehicle quickly, but did not want to fight with the parents over the selling price. The parents wanted more out of the vehicle. The bill of sale was not notorized and the seller is not available to confirm the selling price. The taxing agency has sent me a bill for additional taxes based on the book value, which is four times the purchase price-an unfair amount. Will the taxing agency help me locate the seller? What if the seller reports an amount that is different from what I paid (to prevent the parents from knowing the vehicle was sold for less?) I don’t want to cause the seller problems with the parents, but also do not want the taxing agency to assume anything from my actions. If the taxing agency locates the parents or seller and they report a sales price higher than I paid…obviously the taxing agency will believe the seller over the buyer. How can I straighten this out? What are the implications if I just pay the demanded, unfair amount to be done with the whole thing? Would I be admitting any inherent wrong doing?