elango.parameswaran
23 December 2014 at 17:40
We have a registered Flat Owners Association. The Builder has returned the Corpus Amount to the Association, which is deposited in the SB Account. Now, our queries are :-
1)Do we have to get PAN compulsorily
2)Do we have to file IT Return
3)Our main income is the maintenance charges
4)If we deposit the Corpus Amount in any scheduled Banks/ Nationalised Banks/ Coop Banks or other NBFCs, whether the interest on such deposit will attract income tax?
5)Whether we are eligible for any exemption on the interest income under IT Act
arvind
20 December 2014 at 21:31
i have recieved death benefit of my brother's life insurance as he passed away about 8 month ago. so i want to know that should i have to pay some type of tax like income tax over that amount or i can use directly it without showing any acoount statement to income tax department.
how should i handle income tax department??
srikanth PS
20 December 2014 at 15:04
I am 100% EOU in software service. Do i need to register for service tax??
It is exempt from service tax payments.
curious123
20 December 2014 at 11:11
I have incurred long term capital gain tax on sale of my property. I am planning to save this tax by using that amount in different instruments. My query is: Is it possible to invest part amount in tax savings bond (like NHAI) and rest depositing in Capital Gain Accounts Scheme for future purchase of property?
VFIC
19 December 2014 at 18:35
Dear Expert
Is there any entry tax exemption available to a new manufacturing unit in Madhya Pradesh for purchase of Plant & Machinery for setting up a industry before applying for Entry Tax Exemption ?
prashant
19 December 2014 at 15:34
Tenancy right converted into ownership of flat under redevelopment plan whether it is considered as capital receipt or long term capital gain
prashant
17 December 2014 at 20:02
On purchase of goods we have not paid VAT before filing of Income Tax Return whether the amount of VAT will be added u/s 43B of Income Tax Act at the time of computation of Income or amount of purchase on which VAT is not paid at the time of filing of Income Tax Return u/s 43B of Income Tax Act
Seema Shilimkar
15 December 2014 at 12:40
I am working in State government's autonomous institute. We here conduct a training for cold chain technicians who are working under govt department. For this training we appoint other state govt employees as facilitators/ trainers for taking session for this training. We have paid them training honorarium. please guide me this payment liable for TDS or not.
edgar sylva
14 December 2014 at 03:48
Years ago I bought some agricultural land along the periphery of the Warasgaon Lake near Pune and had it registered etc in accordance with law.
For years I did not think much of it but sometime ago as I was drafting out my Will I realised that this land too was my asset and should be included in my Will.
My children goaded me to make a trip to the property and to the local land revenue office too so I did so.
I was surprised to observe that the Lavasa people had built a dam slightly away from my property and due to this dam the level in the lake by way of my property had risen at least by 2 mtrs and quite a large portion of my property was under water.
I further ascertained from the revenue people that they were under the impression that I was part of Lavasa and hence had not complained of the acts of this Lavasa Corporation (they have given the impression to everyone that the entire periphery of the lake belongs to them and hence they could build the private dam across the lake).
I have all the update records with me which shows that even the adjacent property was purchased by Lavasa from the earlier owner sometime around 2005.
What action can I take against this huge corporation who has so much of political backing to safeguard my property which I think is now a very valuable piece of property.
Will they be able to blackmail me into selling for a song by preventing access to me- plans with me show that there is a village road abutting my property.
Should I use the RTI route to get at them since they have been granted a lot of facilities by the Govt to make Lavasa into a "new city"
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