Dear All It is not known th condition fo the gift for the star singer... Anyway, by humanitarian consideration the gifts should be tax bree, as the doner should bear that cost also.. Here there is income tax and registaration tax/expenses is a fact and can't escape from it... Mr.abraham is wrong, it is not any labour for on year, the villla is a prize is taxable flat rate @40% as per income tax act and registration stamp charges 6%/12% as the case may be of the local area. So only choice, for the winner to find a suitable buyer for thevilla at a prize or get finacials from banks and later can sell the villa and get money. (this seems the practical solution on his condition) so go through the practical way, insted spreading the simpathetic newses across.. It is natural the registaration
--- On Wed, 2/2/11, Abraham Chacko <samabraham1944@yahoo.co.uk> wrote:
From: Abraham Chacko <samabraham1944@yahoo.co.uk>
Subject: Re: [www.keralites.net] സ്റ്റാര് സിംഗര് ജോബി ഇപ്പോഴും വീടില്ലാതെ...
To: Keralites@yahoogroups.com
Date: Wednesday, February 2, 2011, 8:11 AM
| What is the practical solution? Even lottery winning, we have to pay tax to Government same as the gifted house. a) If he can prove this house he got is in return of his labour for more than a year, it will differ from the lottery price.
b) He should give back the house to the builder and take money instead and account it with the guidance of a Charted Accountent. c) If he has confidence of his future that he will earn enough money to maintain the loan, house and the family living, he should approach a financier for loan. WHAT IS THE POINT POSSESSING A VILLA AND LIVE IN STARVING?
Abraham P.Chacko
--- On Tue, 1/2/11, jomy kunnel <jomykunnel2000@yahoo.com> wrote:
From: jomy kunnel <jomykunnel2000@yahoo.com>
Subject: [www.keralites.net] സ്റ്റാര് സിംഗര് ജോബി ഇപ്പോഴും വീടില്ലാതെ...
To: "Keralites" <Keralites@YahooGroups.com>
Date: Tuesday, 1 February, 2011, 20:44
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