Nature

                               Nature

 

Dear Friends, we have not inherited this earth from our forefathers but we have borrowed it from our future generations. So today I want to share my views on the nature and artificial world that we have created around us . Today the time has come to think seriously to save our earth as the earth is unique not in our solar system but I think that it is unique in the whole universe.

 

It was time when we truly believed that the nature is our home. Amidst of the forest , river, mountains and animals our fore fathers created the Vedas and the panchtantra. The morning would start in peace with the glowing sun. But the advancement of science and technology over the years have vanished all what we call “nature”. Recall the olden days in the villages when life was simple. All the eatable that we used to get was generated/processed at home i.e the pulses the, milk and other accessories. The natural process like winnowing that our grand mothers ,mothers and forefathers used.i.e separating the husk from the grain. Everything was organic in those days and was not branded. But today we have branded it as “Organic food” and mostly we have adulterated the grains and the gene of the grains. It is not limited to the grains only . We have done the same with the animals as well as the human spices. If I talk about the equipment and the technology that we are using in our Metso . It is not a technology . it an art that our fore fathers knew it long back. It may be screening or separation of particular  materials from other material.  Only we have refined and added value. Gone are the days when we would lie down in the shade of the trees  and enjoy the sight of the twinkling stars on clear summer night . Today the gone are the days when poets would  beautifully pen down the  Flowers,  Lakes and the mountains.   It is very astonishing to say that the rain forests has reduced its cover from 14% to 6 percent.  And it is also very painful to  say that when I shall finish my speech around 500 hectares of forest will be cleared from this earth.

 

It is not that we have not come up with solutions like van Mahotsav, Environment day , Ganga Action Plan  but the execution is lacking some   where at our end. Recently our prime minister Mr. Narendra Modi started “ Swachh Bharat Abhiyan” but it soon became a trend and every celebrity was seen posting pictures with brooms on social media.

 It is high time that we should   understand the gravity of the situation. Wouldn’t it be wonderful that instead of flying to Mars , we should take action to beautify our earth.

We are eating up all the raw material  ores and minerals which leads to poverty unemployment etc. ultimately the decline of economy..

The disturbances made by the human species within the nature has resulted in global warming ozone thinning and climate change . This should not merely be  a topic of debate but also to be taken action upon. This has to be done before the theory changes from – survival of the fittest to the survival of the richest.

At the end I should only say that there is “enough for everyone’s need  but not for any ones greed.”

SOUL, BODY and EQ

SOUL, BODY and EQ

 

It used to be my child hood days when the bus would drop me at  the gate of the school. As I entered the school  a lavish garden full of variety of flowers blooming all around was the first glimpse. A board pegged in the middle of the garden boldly said “PLEASE DO NOT PLUCK FLOWERS”. The line say a lot if you connect the same with EQ.

In those days we used to follow the same as  EQ was dominating the Body and the soul. Now a day the EQ has reduced to such a level that we are not in a position to judge the good and the bad. We are well aware of IQ.  What is EQ.????.

EQ is the ability to Know the Emotions of others!  Man, or an animal.

But how an Emotion (EQ) can be judged, How the same is related to Soul and how the body is related to soul ?

When the soul leaves the body, when a person dies,  do you think the soul has left the body, Practically YES.  But spiritually “NO”. When we construct a house, and start living in the house and if some other person removes a brick from the house we resist. If our car which we are using is hit we resist and try to fight out the culprit. The same is the case of the body and the soul. the emotional connect is maintained with the soul and the body till the last rites are not performed as per Hindu Mythology

To reduce this emotional connect with the body and the soul after the soul has departed as per Hindu mythology the elder son is responsible to give the mukha Agni. The divine fire to the body at the time of cremation. Why the elder son/daughter? Because he/she is the first child who as been provided the full-fledged love of the parent. The SOUL thinks the boy whom I taught to walk by holding my fingers is burning my houses in which I was there for 60, 70, 90 success full Years. There is a slight detachment of EQ with the son and parallel with the near ones.  Once the body has turned to ashes still the soul tries to be with the ashes that are left and is still trying to mend its broken house in which the soul lived for the total life.  Once the ashes are submerged into holy water of the Ganges or are spread on the Himalayas then there is a total detachment of the soul. It is because the water is the only available substance on the Earth which has the capacity to dissolve most of the things. At the last the soul thinks that which particles from this water I should collect to mend the body as everything has vanished in this water and hence at the last it becomes free and liberated.

 

But we need to think on the positive side .

 

Shveta gave a slap to her daughter. The daughter started weeping. Nani started crying on Shveta as to why you hit. The emotional connect came into existence. Parallelly the daughter started scolding Nani as to why are you scolding my mother, though Shveta had given a slap to her daughter. After wards Shveta regretted as to why she gave a slap. There was an Emotional connect between the three.

 

As per HINDU  mythology , the embryo in the mothers stomach gets life after a period of 4 to 5 months. Before 4 to 5 months the embryo/ egg in the mothers stomach prepares itself to get suitable pure/holy soul. The soul which rested in piece with the gods  again tries to get into its suitable embryo. The suitable mother or the embryo is the choice made by the soul itself based on the  role it has to play on the earth as suggested by god and the Karma he needs to perform.

 

But in today’s world we are in a new process and the word “Abortion”. is visible in the News channels, in the hospital hoarding. We have started differentiating between a girl child and a boy child. The Emotional connect (EQ) is getting retarded day by day . Have we become inhuman. The Hindu Mythology differentiated the gods:

 

1. Bramha     --------------  The  Creator
2. Vishnu      --------------   The survivor
3. Mahesh ( GOD SHIVA)    --------------  The destroyer

In the  Chorological order of their organisation. The destroyer is always  placed at the last. We human beings are have placed the Mahesh in the first place which is wrong. We should follow the chronological order provided by Hinduism. Let the mother, having the second soul within,  which is eager to come on earth , become the Brahma and Vishnu. Let the “Nature” become the Mahesh .”( SHIVA)  The natural destroyer”.  Rather than repeating the word abortion from time to time we should repeat the word “Proper Planning” and increase our EQ. Proper Planning shall lead to quality human being on earth.  At the last ,but not the least, I shall only urge “PLEASE DO NOT PLUCK FLOWERS” . Let the flowers Bloom to there full width. Hope I have conveyed my message to the audience with a positive impact and expect that the message shall be conveyed to the outside world as well.

 

 

To make more accountable all religious places. -Social Drive from Religious institutions

Religious institutions- Promoting Social Drive from Religious institutions

 गरीबो  और जरुरत मंदो  की मदद  ईश्वर की सच्ची आराधना है। 

Promoting Social Responsibility of all religious (Hindu/ Muslim/ Christian/ Sikh……) in India

To make more accountable all religious places.

1. All religious places should compulsorily utilize/consume 70% of the donated funds within next 1 financial year. If unused funds still remain, they must be utilized 100% on social responsibilities (Like Making schools, Libraries, Hospitals, Rehabilitation, Scholarships for the needy etc. )

2. All religious places should have a bank account and all the money donated should be deposited in a bank account on daily / weekly bases to increase accountability.

3. All religious places should have clear social responsibility. They must spend at least 20 to 30 % of funds collected in the last financial year on social responsibilities.

4. All religious Places should be maintained by a trust and minimum 7 members should be there in the trust.

5. All religious places should run small medical support activity to help poor, like a Charitable homeopathic clinic, Charitable ayurvedic clinic, Every week visit of some specialist doctor—eyes, ears, bones etc.

6. All financial transactions for any of the above activities must be in the form of account transfers only.

7. Maintaining and declare financial account on web-based sites like Wikipedia etc.

Social Drive like

1.     Every week visit of some specialist doctor—eyes, ears, bones….,

2. Small medical support activity to help poor

3. Charitable homeopathic clinic

4. Charitable ayurvedic clinic

5. Support Contribution in poor girls marriage (Rs. 50000/- per marriage)

6. Scholarship to engineering, Medical students (Rs. 25000/- to Rs. 50000/- each Student per year)

7. Scholarship for school going student (Rs. 500/- Per month)

8. Scholarship for an intelligent student – Rs. 50000/- one-time Scholarship)

9. Adopting a government school and contribute in school Infrastructure development support. (10 lakhs per school).

10. Free book library development for students in schools, colleges, professional institutes like engineering, medical, CA, Law etc.

11. Social responsibility towards the senior citizen, support help 2000/- per month/per person) directly bank transfer provision thru NEFT.

12. Food camp/cloth for religious concept should be adopted daily (learn from any Gurudwara..)

13. Promoting people for shramdan / voluntary support for such social activities.

Benefits:

1.     Accountability increases due to link with banks.

2. Proper utilization of dead funds in social development.

3. Reduces scope of misuse of such funds for illegal activities like terror activities.

4. Poor and intelligent student get support and opportunity to study.

5. Healthy environment will develop due to this social drive.

Few challenges

Special Rules Limiting IRS Authority to Audit a Church

Tax Inquiries and Examinations of Churches

Congress has imposed special limitations, found in section 7611 of the Internal Revenue Code, on how and when the IRS may conduct civil tax inquiries and examinations of churches. The IRS may begin a church tax inquiry only if an appropriate high-level Treasury official reasonably believes, on the basis of facts and circumstances recorded in writing, that an organization claiming to be a church or convention or association of churches may not qualify for exemption, may be carrying on an unrelated trade or business (within the meaning of IRC § 513), may otherwise be engaged in taxable activities or may have entered into an IRC § 4958 excess benefit transaction with a disqualified person.

http://www.irs.gov/Charities-&-Non-Profits/Churches-&-Religious-Organizations/Special-Rules-Limiting-IRS-Authority-to-Audit-a-Church

Are there any special rules for churches?

With limited exceptions, churches are subject to the same general requirements relating to group rulings as other organizations. However, churches are not required to file annual updates notifying the IRS of changes in the composition of the group.

http://www.irs.gov/pub/irs-pdf/p1828.pdf

Facts and supporting

Exemption Requirements - 501(c)(3) Organizations

To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. In addition, it may not be an action organization, i.e., it may not attempt to influence legislation as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates.

http://www.irs.gov/Charities-&-Non-Profits/Charitable-Organizations/Exemption-Requirements-Section-501(c)(3)-Organizations

Corruption ख़त्म  की शानदार शुरुआत no more blackmailing by the income tax department

आइये कुछ Constructive करते  है। 

No more direct Income tax by CBDT income tax department

Any individual, company, trust, political party, shareholder, the property dealer,  religious Institution,  the Government body, shopkeeper, rented income person will have to compulsorily utilize/consume 70% of the funds earn/received within next 1 financial year. they can save 30% of earn fund for future.  If unused funds still remain flat 5% tax on the fund need to apply.

India #acchedin

Observation and current challenges:

Currently, only salary persons paying taxes.

middle-class salary person suffering from heavy taxes.

companies, Businessman, Political parties, shareholders, rented income person not paying proper taxes and adopting unfair practices to save taxes and this money goes into black money market.

Benefits of New System: 

1. By the implementation of the new system, 100% public will pay the tax and come into this zone.
2. The tax system will be simplified
3. black money reduce
4. Market boost due to liquidity in the system.
5. No more dead fund.
6. terror funding will stopped due to transperency in system.

Promoting Social Drive from Film Actors, Film Industry, Film Producer, Film Director / Celebrities to run social drive as Social responsibility

https://vishesh2014.blogspot.com/2015/01/promoting-social-drive-from-film-actors.html

Promoting sports Body ICC & BCCI & Cricketer / Celebrities to run social drive as Social responsibility

https://vishesh2014.blogspot.com/2015/01/promoting-sports-body-icc-bcci-cricker.html

Food Items Export

Food Items Export

To control the cost of food in India export of food item quota should be limited up to 5-10 Percentages only. The government should come with new framework or bill in this area

ü  Normally we are exporting food item at very low cost and re-importing in the same financial year at heavy prices from a different country  and logically it should not have happened as 70 percent of income from agriculture in India

ü  Government needs to become with new policies in Cold storage sector and facilitate normal farmer to take the facility on lease at a reasonable price.

ü  Government Cold storage should be established in every 5-10 km in agriculture areas Public partnership should be invited to this sector

Agriculture Products Export List – 2016 – 2017 – 2018

Reference: https://makeinbusiness.com/list-25-most-exported-agricultural-products/

1. Basmati Rice
2. Non-Basmati Rice
3. Fresh Vegetables
4. Groundnut
5. Fresh Fruits
6. Processed Fruits & Juices
7. Cereal Preparations
8. Guargum
9. Misc Processed Items
10. Alcoholic Beverages
11. Processed Vegetables
12. Dairy Products
13. Other Cereals
14. Pulses
15. Cocoa Products
16. Sheep/Goat Meat
17. Milled Products
18. Floriculture
19. Poultry Products
20. Fruits / Vegetable Seeds
21. Wheat
22. Animal Casings
23. Processed Meat
24. Other Meat

Basmati Rice and Non-Basmati Rice:

India is a leading exporter of Basmati rice to the world. In FY 2016-17, India exported 400480 MT of Basmati rice of price Rs 21605 crores. Saudi Arabia, UAE, Iran, Iraq and Kuwait have been the largest importer of Indian Basmati rice that accounts to nearly 45%.

India exported 4305592 MT of non-basmati rice to the world in the year 2016-17. Benin was the largest importer of Non-Basmati rice. Nepal, Senegal, Guinea and Iraq are the other top importers. The total amount of export was Rs 1027510 lakhs.

Fresh Vegetables:

During the FY 2016 – 2017, India exported Rs 5922 crores of fresh vegetables to the world. The major countries to which India exports fresh vegetables are UAE, Malaysia, Bangladesh, Netherlands, Saudi Arabia, UK, etc.

Fresh Fruits:

India exported fresh fruits worth Rs 4448.88 crores in the year 2016-17. India is the largest producer of bananas, Papayas, and mangoes. Countries like Pakistan, Qatar, Sri Lanka, UAE, etc. are top importer of Indian fresh fruits. Though the global share of India is only 1%.

Ground Nuts:

India exported a total of 725703.35 MT of ground nut to the world in 2016-17 that earned India Rs 544433 lakhs. Indonesia was the largest importer of Indian Ground nut 185902 MT costing Rs 144495 lakhs. Vietnam, Pakistan, Philippines, etc. are the other top exporters.

Processed Fruits and Juices:

Export of processed fruits and juices have increased to multi fold this year from previous year. In 2017, export grew by 8.3% with a total export of $460 million from previous years $425 million. Clearly, India has focused more on processed fruits and juices rather than fresh fruits which has seen decline.

Cereal Preparations:

India also exports cereals and cereal preparations that includes biscuits, corn flakes, bread, etc. India exported 340873.188 MT of cereal preparations to the world in FY 2016-17 with the profit of Rs 3572.61 crores. USA, UAE, Nepal, etc. are the top most importer of cereal preparations from India.

Guargam:

India exported a total of 419948.39 MT of Guargam in the FY 2016-17 to the world with a total cost of Rs 310662.07 lakhs. USA was the largest importer with 178001.42 MT of import followed by Norway, China, Russia and Germany.

Miscellaneous Processed Items:

India is also an exporter of miscellaneous processed items like tomato sauce, pan masala, jiggery, etc. India exported 283265 MT of such goods with a total cost of Rs 2570.48 crores in FY 2016-17. USA, Nepal, UAE, Bangladesh and Australia are the top importers of such products.

Alcoholic Beverages:

India exported a total of 231333 MT of alcoholic beverages to the world earning Rs 2000.63 crores in FY 2016-17. The major exporting countries were UAE, Ghana, Nigeria, Singapore, and Netherlands. Alcoholic beverages include whisky, Rum, wine, coke, etc.

Processed Vegetables:

Processed Vegetable export from India from April to December 2017 was $197 million which has saw 3.9% growth in comparison to last year for the same period. India pushed more on processed vegetables rather than fresh vegetables because fresh veg saw a fall in export while processed veg export in taking lead.

Dairy Products:

Dairy products include butter, milk, milk powder, ghee, etc. that are exported worldwide. India exported 39398.62 MT of dairy product gaining Rs 910.45 crores in the FY 2016-17. Major export destinations were Pakistan, UAE, Nepal, Bhutan, etc. India is the undisputed leader of dairy production in the world.

Other Cereals:

Other cereals include Bajra, bucj wheat, great, maize, jowar, and etc. that are exported worldwide. India exported 168641.80 MT of other cereals gaining Rs 395.83 crores in the FY 2016-17. Major export destinations are Kenya, Nepal, Saudi Arabia and Pakistan.

Processed Meat:

Processed meat like Sausage and canned meat, preserved meat of bovine animal, preserved meat and meat juices. India exported 140.90 MT of processed meat earning Rs 4.58 crores in the FY 2016-17

Animal Casings:

Animal casings include guts of animals, bladder of animals, stomach of animals, and other such things. India exported 173.24 MT of Animal casings for Rs 13.84 crores in the FY 2016-17. Turkey, Portugal, Albania, South Africa and Lebanon are the major export destination of animal casings.

Pulses:

India is the largest producer of pulses in the world. India exported 124883.94 MT of pulses for Rs 1140.13 crores in the FY 2016-17. Pakistan, Saudi Arabia, Sri Lanka, Algeria and United Arab Emirates are the top importers of pulses.

Cocoa Products:

Cocoa and its products are basically produced in Southern India like Karnataka, Kerala, Tamil Nadu and Andhra Pradesh. India exported 25700.18 MT of cocoa product to the world gaining Rs 1089.99 crores for the FY 2016-17. Hong Kong, Saudi Arabia, United States and UAE are the top importers of cocoa products from India.

Poultry Products:

India is one of the leading producers of poultry products like chicken and egg. With 449527.49 MT of poultry product export, India is one of the largest producers earning Rs 531.65 crores in the FY 2016-17. Oman, Russia, Saudi Arabia Maldives and Indonesia are the top importers of poultry products exported from India.

Wheat

India is the 2nd largest producer of wheat in the world. Wheat is mainly produced in the Northern India. India exported 265909.25 MT of wheat to the world at the cost of Rs 448.4 crores in the FY 2016-17. United Kingdom, Somalia, Nepal, UAE and Bangladesh are the top importers of Indian wheat.

Milled Products:

Milled products include flour from wheat, rice, maize, millets, etc. India is one of the leading producers of milled products. In the FY 2016-17, India exported 256607 MT of milled products. From these exports India gained Rs 818 crores by exporting milled products to United Kingdom, United States of America, United Arab Emirate, and Canada.

There are lot more agricultural products that are exported from India giving India a trade surplus against many countries. There are lot more opportunities in India for agricultural export from many other products. With few amendments and processing, agricultural export can be easily maximized.

Has there any appealed in court against NPS? National Pension System -NPS Partial Withdrawal Rules

can withdraw by family NPS amount in case of death NPS employee and family is also having family pension? Where I will apply to get pension from my NPS account?

National Pension System -NPS Partial Withdrawal Rules

National pension system (NPS) is locked until the subscriber makes an exit from the scheme, there are some exceptions made from time to time to allow the subscribers to withdraw a part of the accumulated funds.


Currently, the withdrawal limit is 25% and can be made for a host of reasons that include critical illness, the marriage of children and the purchase/construction of the house. Recently, the pension fund regulator PFRDA allowed the NPS (National Pension System) subscribers to withdraw the money for purposes that include higher education and investment in new business. NPS is the government's flagship social security programme.
https://www.ndtv.com/business/national-pension-system-nps-withdrawal-rules-changed-how-to-make-nps-partial-withdrawal-eligibility-1847947



1. NPS withdrawal is allowed but only after 3 years of subscription. Subscribers are permitted to withdraw not exceeding 25% of the contributions made only by a subscriber.

2. For calculating the 25% limit of withdrawal, the contribution by the employer is not allowed.

3. The subscriber shall be allowed to withdraw only a maximum of three times during the entire tenure of subscription under the NPS. The request for withdrawal shall be submitted by the subscriber to the central record keeping agency or the NPS trust for processing through their nodal office.

NPS subscribers can now use online mode to exit the scheme.Pension fund regulator Pension Fund Regulatory and Development Authority (PFRDA), on Wednesday, said the subscribers can now use online mode to exit the National Pension System (NPS)

हाई अलर्ट इंडिया Mi phone देश की सुरक्षा के लिए खतरा

High alert -mi Phone देश इंडिया की सुरक्षा के लिए खतरा

China mi phone पर forcefully mi browser के throw डेटा चोरी की कोशिश कर रहा है। इसमें इस ब्राउज़र को denie कर गूगल को डिफ़ॉल्ट करने का कोई ऑप्शन नही है।

China mi फ़ोन के द्वारा हर इंडियन की geo लोकेशन ट्रेस करना चाहता है। और उसके डेटा को चुरा कर financial नुकसान भी पहुच सकता है।

Mi ने data प्रोटेक्शन पालिसी का उलंघन किया है। किसी app को स्वेच्छा से use करने या न करने का अधिकार जनता के पास होना चाहिए। app में सिर्फ terms and conditions accept का ही कवेल option है। deny का नही।

चीन Mi phone की geo location के जरिये देश के defence, army,  police ओर आम जनता सभी पर नजर रख सकता है और आपात स्थिति में देश को नुकसान पहुचा सकता है।

Mi का देश मे बहिष्कार होना चाहिए। mi देश की सुरक्षा में घातक।

चीन - भारत मे Mi स्मार्ट tv में geo location के through  IOT से भारत मे हर घर की रेकी कर रहा हो सकता है ।

भारत सरकार से अनुरोध देश मे made in China electronic सामानों specially phones पर पूरी तरह से ban हो। और Mi पर data privacy  एक्ट के तहत heavy financial penalty लगाई जाए और भारत मे उसकी बिक्री पूरी तरह बन हो।

जान हित मे।
जय हिंद

अगर आप mi browser नही चाहते

Golden stroke - 1$=Rs 45 Possibility to stop downfall of Rupees as compared to Dollar $

Possibility to stop downfall of Rupees as compared to Dollar

गिरते हुए रुपये की कीमत डॉलर की तुलना में रोकी जा सकती है।
ODD-EVEN  कारगर सलूशन पेट्रोल की खपत कम करने का। डॉलर ओर पेट्रोल का डायरेक्ट रिलेशन।

Observation:

1. Doller value is increasing as compared to Rupees

2. Oil Import is a major reason for this changes of dollar and rupees value

Supporting’s:

WASHINGTON: The US is prepared to work with nations that are reducing their oil imports from Iran on a "case-by-case basis", but will not grant waivers to countries like India 

Now, Washington is stepping up pressure on all countries, including India and China, to completely stop buying oil from Iran by November 4. 

India preparing for 'drastic reduction' in oil imports from Iran: Sources 

Believe: As a Ture Indian we believe- गिरते हुए रुपये की कीमत डॉलर की तुलना में रोकी जा सकती है।

Proposed Solution

Odd Even कारगर सलूशन पेट्रोल की खपत कम करने का। डॉलर ओर पेट्रोल का डायरेक्ट रिलेशन।

1. If can put ODD EVEN concept of Vehicle for 6 months in the complete country, this will bring drastically reduction in Petrol Consumption

2. Reducing petrol consumption will impact Oil import dependency and drastically reduction of Doller price as compare to Rupees.

3. Subsequently supporting India GDP and Economy.

Railway malpractice & coruption

भारत सरकार  इंडियन रेलवे का चोरो की तरह अपनी गलतिया छुपाने का सच।  एक तो इंडियन रेलवे टाइम से सर्विस देने में fail  हुई।  ऊपर से गलत नियम दिखा कर भारत को आम  जनता को ठगने  की कोशिश कर ३ घंटे से ज्यादा लेट चलने वाली ट्रैन के पैसे जनता को न लोटा कर फाइनेंसियल करप्शन की शुरुआत की गई।  इन सब से जनता का विश्वास भारत सरकार  की छवि, इंडियन रेलवे द्वारा की जा रही इस शर्मसार हरकत से शर्मशार हुई और जनता का विश्वास भारत सरकार से उठता हुआ है।

महामहि राष्ट्पति  महोदय और प्राइम मिनिस्टर ऑफ़ इंडिया  से अनुरोध है  की  रेलवे पर ख़राब सर्विस के लिए  टिकट AMOUNT का १००० गुना जुरमाना लगा जनता को वापस दिया जाए  और इंडियन रेलवे की acountability भी निश्चित हो.

जनता न्याय  की अपेक्च्छा में
की

Income Tax Benefit - Buy Home or Property - Home Loan

Income Tax Benefit - Buy Home  or Property - Home Loan

https://realty.economictimes.indiatimes.com/news/regulatory/realty-developers-get-notices-for-inflated-credit-claims-under-gst/63459384?photo_id=58626184

Loans from relatives, friends, and employer are eligible for tax deduction

If you have taken a loan from friends and/or relatives to acquire a house then you can claim a deduction under Section 24 for interest repayment on loans. You can also claim a deduction for money borrowed from individuals for reconstruction and repairs of property.

"A taxpayer would need to obtain a certificate from the relative which would contain the details such as the amount of interest payable, amount of loan taken, specifying the property details for which loan is taken," says Kumar.

However, one must remember that this rule is only applicable for interest repayment. You cannot avail the tax benefits available on the principal repayment on that part of the loan borrowed from your relatives, friends and employer.

Further, a lender, in this case, your relatives and friends must disclose the interest earned on such transaction while filing their income tax returns.

Processing fee and other charges are tax deductible

Most taxpayers are unaware that charges related to their loans such as processing fees or prepayment charges qualify for tax deduction. As per law, these charges are considered as interest and therefore deduction on the same can be claimed.

"Section 2(28A) of I-T Act defines interest as interest payable which includes any service fees and other charges in any manner in respect of money borrowed," says Kumar.

Therefore, it is eligible for deduction under Section 24 against income from house property. Other charges also come under this category but penal charges do not.

Also, any payment made towards stamp duty and registration fees incurred by the individual are also tax deductible as per the section 80C(2) (xviii) (d) of the act.

Principal repayment tax benefit is reversed if you sell before 5 years

While the finance minister may have provided a relief by reducing the holding period to 24 months to qualify for the long-term capital gains but if you sell a house within five years from the date of purchase, or, five years from the date of taking the home loan, the tax benefit gets reversed.

"The deduction claimed will be added back to the income of the taxpayer in the year in which the property is sold," says Archit Gupta, founder, Cleartax.com

However, the loan amortisation calculations are such that the repayment schedule has lower component of principal repayment in the initial years of the home loan and the tax reversal rule only applies to Section 80C. Also, the benefit of lowered holding period for capital gains will apply from April 1, 2018, AY only.

You are eligible for tax break only when you are a co-borrower and co-owner

You cannot claim a tax break on a home loan even if you may be the one who is paying the EMI. For instance, there may be a situation when you're paying the EMI of a home loan for the property which is owned by your parents or spouse.

"However, when the house is in the joint name and funded by both the spouses by a way of housing loan, both husband and wife can avail the separate deduction for the interest payments and principal repayment of such loan," says Kumar.

Even if you own a property with your spouse, you can't claim deductions if your name's not on the loan book as a co-borrower.

You can claim tax benefit on interest paid even if you missed an EMI

Section 24 of the I-T act mentions the word interest payment "payable" on housing loan. It means that even if you have missed the EMI payment in a year you can still claim the tax benefit on it. It can be claimed as a deduction so long as the interest liability is there.



The Union budget of 2017 brought mixed bundle of joy for the taxpayers. While the section 80EE was re-introduced, holding period was lowered which brought cheers for the taxpayers, on the other hand, the individuals claiming a loss on the let out property or deemed to be let out property were left in shock.

Many of you who already own a second house or looking to buy a new house might give a look at the rules listed below to receive the often missed benefits.

Re-introduction of the Section 80EE

To provide an additional relief to the homebuyers, the section 80EE has been reintroduced with effect from April 1, 2017. The maximum deduction available has been reduced from earlier of Rs 1 lakh to Rs 50,000 now.

However, this deduction comes with certain restrictions which need to be satisfied while availing this deduction. The conditions are:
a) The home-owner/s should be first time buyer even if the property is bought in the joint ownership,
b) The loan value must not exceed Rs 35 lakh and property value should not exceed Rs 50 lakh, and
c) The loan must be sanctioned by a financial institution during the period April 1st, 2016 to March 31st, 2017.

You can claim pre-construction period interest for up to 5 years

Any interest paid on the borrowing during the construction of a house is eligible for tax relief only after you have received the completion certificate.

"Interest paid during the construction period can be claimed as a tax deduction in five equal instalments starting from the year in which construction of the property is completed. The total tax benefit will be annual interest payable + 1/5th of the pre-construction period "says Gupta.

While filing returns for the AY 2017-18, the maximum limit for the self-occupied property is Rs 2 lakh. In the case of let out property, there is no limit.

The union budget 2017 has removed this anomaly and put the cap of Rs 2 lakh on the let out property. The same will be effective while filing the returns for next year i.e. 2018-19.




The new house needs to be purchased either within one year prior to or two years from the date of sale of the old house. This tax benefit is also available if the taxpayer, within three years after the date of sale of the old house, constructs a new residential house.


//economictimes.indiatimes.com/articleshow/63726288.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


As per the Finance Act 2017, taxpayers would need to pay a fee of Rs 5,000, if their tax return is filed after the due date (i.e., 31 July) and before 31 December of the subsequent FY. The fee payable would be Rs 10,000 if the tax return is filed after 31 December of the subsequent FY.

Read more at:
//economictimes.indiatimes.com/articleshow/63709560.cms?utm_source=ETnotifications&utm_medium=editpush&utm_campaign=Tax&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The I-T litigation finally reached the doorsteps of the ITAT, which adjudicates I-T disputes.

The tax tribunal noted that the I-T authorities had not disputed the fact that cost of the new residential house was more than the capital gains. Further, post the sale of the old house, the new residential house was purchased within the time stipulated in the I-T Act. Thus, merely because the taxpayer had availed of a housing loan from the bank, his claim for exemption under section 54 could n ..

Read more at:
//economictimes.indiatimes.com/articleshow/63726288.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Aadhar Enable AGREEMENT TO SELL- New Property Buy , Sell Purchase - New Property Buy या Sell करते समय क्या क्या धयान दे

Aadhar Enable AGREEMENT TO SELL

Normally जब भी आप को कोई प्रॉपर्टी पसंद आए  और आप उसे खरीदना चाहते है  तो  टोकन मनी देने से पहले उसके पेपर जरूर देखे। 

once you agree on the purchase price and given token amount 50000 to 1 Lakhs  do not pay in cash always pay any amount by Cheque then 

Normally property Sell / Purchase amount का 5% - 10 %  Amount need to pay at the time of agreement of sell.

Before paying any further amount should have to see original paper of seller even asked for there copy of ID Proof aadhar/ PAN CARD....so that you can be sure that you are buying the property from the actual owner.

Asked the Seller to share the doc with you

1. Account ledger payment to builder
2. Payment receipt to Builder
3. Transfer permission
4. Seller की  PAN OR AADHAR की  COPY
5. 1st alotee के पेपर हमेशा चाहिए होते है
6. Builder buyer agreement
7. Allotment letter
8. Completion certificate of building
9. Possession letter
10. Noc from builder
11. Occupancy certificate
12. Demand letter

इसे भी चेक करे। 

HET  (VAT ) tax Haryana Government 1% charge करती  है और बिल्डर 6% मांगता है।  बैंक गारंटी  के फॉर्म में ताकि अगर आप प्रॉपर्टी बेच कर चले गए और बाद में सर्कार ने मानेगा तो बिल्डर को देना पड़ेगा।

रजिस्ट्री से पहले ये पेपर  चाहिए होते है। 

Is Property Free hold?

NOC From Bank

Builder Proposal mail/doc for the registry  - amount of stamp paper, Document for Stamp paper  Purchase and another Document requirement

OC & CC of Flat / Floor

Once you  are satisfied with paper shared by seller then make the agreement of sell 

AGREEMENT TO SELL में क्या धयान में रखे। 

Court Registered agreement made at court at minimum 2% of  Sell value.

The agreement should be maid Minimum of 100/- Stemp paper and notarized. 

AGREEMENT TO SELL

This Agreement to sell is made and executed at Gurgaon, on this ______ day of  MARCH ____2018, BETWEEN _____________________________________________________R/O ________________________________hereinafter called the “FIRST PARTY” of the one part:

AND

___________________________________________________R/O_______________________________________________,hereinafter called the `SECOND PARTY’ of the other part:

The expression of the terms First Party and Second Party wherever they occur in the body of this Agreement shall mean and include them, their respective legal heirs, successors, legal representatives, executors, nominees, assignees.

WHEREAS the First Party is the lawful owner of Flat No. ___________________________having area of  ______ Square feet with 2 Basement Parking ( basement parking number) and one Open parking (open parking number ), (hereinafter called the said property).

AND WHEREAS the first party due to his legal needs and bonafide requirements has agreed to sell, transfer, convey, assign their rights, title, interest in respect of the said property unto the second party and the second party agreed to purchase the same for a total sale consideration of Rs. _____________(Rupees _____________ Only).

NOW THIS AGREEMENT TO SELL WITNESSETH AS UNDER: -

1.    That the total sale consideration has been mutually decided and settled between both the parties are Rs._____________ (Rupees ____________Only).

2.    That the first party has received the advance consideration amount of Rs. __________________

3.    The balance amount of Rs. _____________shall be paid by the second party to the first party at the time of execution of Sale Deed in favour of second party.

4.    That the first party hereby assures the Second Party that the said property under sale is free from all sorts of encumbrances such as prior sale, mortgages, will, gift, lien, decree, charges, surety, security, litigation, disputes, loan etc., and there is no legal defect in the title of the ownership of the first party, if it is proved otherwise, then the first party shall be liable and responsible to indemnify all the losses/damages, thus suffered by the second party.

5.    That all the dues, demands, taxes, charges, liabilities and outstanding if any, shall be paid by the First Party upto to the date of handing over the peaceful physical possession of the said property to the second party and afterwards the same shall be paid by the Second Party.

6.    That the said property is the self-acquired property of the first party and that except the first party nobody has any right, title, interest, claim or demand whatsoever in respect of the said property.

7.    That there is no subsisting agreement for sale in respect of the said property or any part thereof in favour of any other person or persons except with the second party.

8.    That the cost of sale permission, stamp duty, registration fee and all other legal expenses shall be paid and borne by the second party.

9.    That the first party shall hand over the actual vacant peaceful physical possession of the said property to the second party at the time of execution of Sale Deed and other documents at the Sub-Registrar’s Office, By______________, 2018.

10. That the complete amount paid towards the deal against the said property is the total responsibility of the First Party.

11. That the first party shall hand over all the original title documents relating to the said property to the second party at the time of execution of Sale Deed and other documents in favour of second party at the Sub-Registrar’s office, By ____________________, 2018.

12. That the first party and second party hereby agreed to execute the Sale Deed and other documents for the transfer of the ownership of the said property on or before _______________, 2018.

13. That in case the First Party i.e. seller refuses to honour this agreement, he will have to pay immediately to the buyer i.e. to the second party an amount equal to the double of the advance amount and, if the second party refuses to honour this agreement, First Party will have the right to forfeit advance amount paid under this agreement

14.  Further, it has been mutually decided and agreed that the seller (FIRST PARTY) is taking the advance amount from the buyer (SECOND PARTY) to get the registration done and payment of outstanding dues to the builder for the property in question mentioned above .  In case the First party ie. the seller backs out of the property deal or refuses to honour the agreement, he will have to immediately pay to the buyer double the amount equal to the advance amount paid by the buyer as on date __________. If the second party refuses to honour this agreement, First Party will have the right to forfeit advance amount paid under this agreement.  

15. Original paper need to be handower of property as per bank lian subject to home loan of buyers. if Loan denyed due to unabvalability of and  Property paper seller will refund  double of advance  taken from buyer second party. 

IN WITNESS WHEREOF THE PARTIES above named have put their respective signatures of the agreement to sell on the day, month and year first above written in the presence of Witnesses.

 

WITNESSES:                                                FIRST PARTY

                                                                                   

                                                                                   Aadhar No: 

1.

Aadhar No: 

2.

Aadhar No:                                                                                                                                                                                                                                 SECOND PARTY

                                                                                     

                                                                                     Aadhar No:  

RESALE CASES

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1) AGREEMENT TO SELL BETWEEN BUYER AND SELLER ON Rs 100 stamp paper duly notarised .( white amount agreement ). The agreement to sell can mention the internal transfer language . That the seller has taken loan from HDFC and the loan is transferred from sellers loan account no.... to your loan account no....

2) Copy of the entire Chain of property papers. ( Builder buyer agreement , allotment letter , possession letter or intimation for possession , receipts of payment , Conveyance deed.

3) PAN CARD , ADDRESS PROOF , AADHAR CARD OF THE SELLER/S DULY SIGNED BY HIM.

4) CANCELLED CHEQUE COPY signed by seller in the account in which he wants the payment.

5) Details of own contribution - copy of the bank statement from which you will be making the payment or payment made (showing own funds from which payment has to be made to seller ).

6) If property registration is above Rs 50 lacs – TDS declaration to be signed.

7) Internal transfer letter as attached .

8) List of docs held by HDFC of the seller . Will try to get this from HDFC . Since this is chargeable and given to borrowers only, your seller may have to arrange for this.

9) PAN CARD , address proof , AADHAR card and one photograph

Property Papers:

·        Permission for construction (where applicable)

·        Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale

·        Occupancy Certificate (in case of ready to move property)

·        Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt

·        Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)

·        Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

·        Copy of all property paper (complete chain of the property) along with sanction plan & PTM  (approved map by the authority) 

अगर लोन लेना हे तो क्या धयान में रखे क्या पेपर चाहिए

01 .Latest photograph pasted on application form (fully filled and signed). 
02. ID, SV, DOB and Residence proof (Pan card, Voter card, Aadhaar card, Passport & Latest utility bill). 
03. Employee ID card and highest qualification proof. 
04. Last 03 months salary slip. 
05. Last 02 years form-16 and ITR or form-26AS. 
06. Last 06 months salary A/C statement. 
07. Copy of sanction letter of all running loans and track records (if any). Details of existing loans going on along with there sanction letters/schedules and bank statements for last 6 months from where the EMI is being debited.                             

08. List of documents and current outstanding letter. 
09. Copy of all property paper (complete chain of the property) along with sanction plan & PTM  (approved map by the authority) 
10. Processing fees cheque in favour of ...... (6800) 
11. Lawyer fees in case of resale without registry (fees Rs.2000) and with the registry (fees Rs.3500 in NCR or 4000 in Delhi) in Bhiwari 6000 

List of papers/ documents applicable to all applicants:

·        Employer Identity Card

·        Loan Application: Completed loan application form duly filled in affixed with 3 Passport size photographs

·        Proof of Identity (Anyone): PAN/ Passport/ Driver’s License/ Voter ID card

·        Proof of Residence/ Address (Anyone): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or a copy of Passport/ Driving License/ Aadhar Card

Account Statement:

·        Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s

·        If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

·        Salary Slip or Salary Certificate of last 3 months

·        Copy of Form 16 for last 2 years or a copy of IT Returns for last 2 financial years, acknowledged by IT Dept.