LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Vasudevan   07 June 2024 at 11:29

Applicability of income tax on the award of the tribunal

Respected Learned Experts. I had awarded with a sum of Rs.3 lakhs towards the loss of interest on the belated payment of pension. The award was granted by Central Administrative Tribunal after filing a case. Whether, this award of Rs.3 lakhs is subjected for income tax.? Any exemption is permissible as it is an award granted after a case filed before the Tribunal. Advance thanks to all the Learned Experts in anticipation.

Anonymous   17 May 2024 at 17:03

Takeover of partnership firm consideration is shares

Steps/procedures to be followed for taking over an partnership firm by pvt ltd company by issuing shares sections to be followed companies act, income tax act and what are others steps to be followed in detail

Keerthivasan Velu   14 May 2024 at 20:39

Tax implications


Read more at:
What are the tax implications of companies (Transferor and transferee) and share holders under Income Tax Act and GST Act - Consideration of issuance of shares

Anonymous   07 May 2024 at 18:04

Valuation of machinery not owned by me

Dear Sir, recently i bought a land and building. There was a company running previously under rent in the land and building and was paying rent to previous owner. I bought that place now and that company is paying rent to me under agreement. But SRO has sent notice that machines owned by that company in my building will also be valued under my name. How should i defend myself that it is not mine. Kindly help me.

Anonymous   29 April 2024 at 13:05

Gst on fright received by gas agency from company

Dealer has one truck, which is solely used for transportation of petroleum products, under the contract of Indian oil corporation and Hindustan petroleum products.

As the petroleum products are not the part of GST, it comes under vat.

Question is whether freight charged on it also became exempt under GST

Anonymous   31 March 2024 at 19:32

Inclusion or exclusion

Sir, when phrase goes as " from the date of receipt of notice" which means, whether the date on which notice is recieved is o be included or excluded ?

Nitesh Umate   29 March 2024 at 15:51

Capital gain tax

When I purchase the land it was urban agriculture land but 2-3 months before my selling of this land it become non agriculture land. So can i take exemption of capital gain tax reinvesting the money to another agriculture land?

Ankur Choudhary   27 March 2024 at 08:53

Gifted residential house

Sir I got a gifted residential house now I want sell it and buy other residential house now I will have to pay tax or not ? My house selling price is 10 lakh rupees.

visuiyer   21 March 2024 at 17:25

Pure labour service

Is there a difference between pure labour service and supply of man power service
both are taxed at 18%

if there is no difference there is an exemption in notification no.12/2017
under sl . no.3 (for pure supply of labour) and sl. 66 (for manpower supply)

if there is a difference, please share the difference with legal reference to it.

thanks for understanding

Ankur Choudhary   18 March 2024 at 08:43

House registry

If aunt give a house as a gift to his nephew then how much percentage will be charged for registry? My house circle rate hi 20 lakh and I am from rajsthan.