The facility will provide greater access to residents from Liwa, Mirfa, Gayathi, Ruwais, Tarif from Western Region
A: The tax department has now become very strict where persons show agricultural income of a large amount and claim exemption thereon. The comptroller and auditor-general of India has taken strong objection in cases where tax officers have accepted large amounts of agricultural income shown in the tax return without verification of the genuineness of the amount claimed to be exempt. There are many persons who show their non-agricultural taxable income as agricultural income in the tax returns in order to avoid paying tax. For example, traders in agricultural commodities are liable to pay tax on their trading profits but they show such amount as agricultural income by owning a small plot of agricultural land. Therefore, the tax authorities have been directed to make all enquiries where a person shows agricultural income in excess of a certain limit.
Q: I had given a loan to a friend in India. Initially his repayments were regular, but recently he has defaulted and delayed. In fact, his cheque has bounced and even the second cheque that he gave in replacement of the bounced cheque has been dishonoured. I am told that I should go to court and file a criminal case against my friend. I feel I have no alternative but to do this. Will I get any relief?
A: You should immediately file a criminal complaint under the Negotiable Instruments Act. While this may result in imprisonment for your friend if he is convicted by the trial court, it would put pressure on him to repay the loan which he has taken from you. After filing the case, the court will ask for documentary evidence of the cheques being dishonoured and, based on that, charges will be framed.
Q: My father is a tenant in an old building in Mumbai. As the building is in dilapidated condition, it has to be redeveloped. The landlord is dragging his feet and, therefore, the tenants want to pool in their resources to redevelop the structure. Would the landlord be able to prevent the tenants from doing so?
A: The government is now coming up with a legislation to provide that where a building is declared by the Maharashtra Housing and Area Development Authority (MHADA) as dangerous for occupation, the landlord will be given a deadline of six months to initiate the process of redevelopment. If the owner of the building does not meet the deadline, MHADA will initiate the acquisition proceedings for the building. If the tenants agree to redevelop the building themselves, they will be given three months to come up with a redevelopment plan.
The writer is a practicing lawyer, specialising in tax and exchange management laws of India
The facility will provide greater access to residents from Liwa, Mirfa, Gayathi, Ruwais, Tarif from Western Region
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