yagnesh dave
12 December 2014 at 20:30
I HAVE PAID FULL PAYMENT OF FLAT CONSIDERATION 15 LAC IN MAY 2012 TO THE BUILDER AND ALLOTMENT LETTER OF FLAT IS TAKEN NO AGREEMENT OF SALE DEED IS REGISTERED.
SUPPOSE IF NOW SALE DEED IS REGISTERED FOR VALUE OF CONSIDERATION PAYMENT ALREADY MADE FOR RS 15 LAC WHEREAS MARKET VALUE AS PER STAMP DUTY REGISTRAR IS RS 45,00,000/-.
WHETHER SECTION 43 CA ,50C, 56 (VII) B& C OF I TAX APPLICABLE TO MY SUCH AGREEMENT MADE.PL LET ME KNOW THE COSEQUENCE UNDER I TAX ACT IF DONE AS ABOVE
Khushal Singh Rawat
11 December 2014 at 08:45
Dear Expert,
My client sold own residential land Rs 46.00 Lacs in Nov 2014 which was purchased in Dec 2002 by Rs 3.47 Lacs. Now how can calculate Capital Gain and I want to know that in this case how is investment money in capital gain account to save tax.
Dinesh
10 December 2014 at 23:46
Hello Experts,
I have the following query:
My aunt ie. my Mama's wife(My Mama is no more)wishes to buy me a flat. If she gives it to me as a gift , will I have to pay a gift tax and if yes at what rate.
My mom,ie., mama's sister, is also no more.
Thanking you in Advance for your Valuable Time and Advise.
Sunil
10 December 2014 at 11:16
My company many a times as a part of sales & promotion activity, provides goods free of cost (FOC) to first stage dealer/stockist. Company pays the excise at the time of removal of goods from factory to it's depot/warehouse. Now dealers/stockist are requesting to pass on excise paid on such FOC goods. My question is
1) Can company pass on the excise paid on such goods, considering the fact first stage dealer will not use this for any manufacturing activity?
2) If yes, can first stage dealer pass on this to second stage dealer/ultimate consumer?
Thanks in advance for your help.
Khushal Singh Rawat
10 December 2014 at 00:05
Dear Expert
I am using Computax Software of Taxsoft Marketing private limited, Jaipur,
Sir, My client has taken a Housing Loan from Bank. He gave some part of this building on rent and other part use himself. So how can both calculate Rent and Intt. on Housing Loan in House property head.
Raj
09 December 2014 at 09:50
Kindly clarify the below situation.
one the manufacturing company royalty accounted for the year 2013-14. service tax on royalty paid on 31.03.2014. But payment made to the party on December 2014.
Now, Can take cenvat credit of service tax on royalty for the month of December 2014. Is it correct or not.
Saravanan
07 December 2014 at 08:35
I have a Residential house and i am planning to sell it for almost 1 Crore .
But its govt guideline value is only 26 lakhs .
I have approached the Reg dept and asked whether it is applicable to register the property for 1 crore.He told even though its a govt rule to register for the actual sale value,he wont allow me to register for one crore,since it will increase the guideline value for that area.
This is a problem for him since he is going to answer this in the future audits/enquiry .(all Deviations in the registrations will need to be answered in the future audits).
That is a problem for others who are coming for the registration in that area.
Also if i stick on my point ,i may get problem from the local peoples of that area regarding the same .(cos i will increase the guideline value).
All these points are all told by him in offline.
These are the problems i am facing .
I have a Residential house and i am planning to sell it for almost 1 Crore .
But its govt guideline value is only 26 lakhs .
I have approached the Reg dept and asked whether it is applicable to register the property for 1 crore.He told even though its a govt rule to register for the actual sale value,he wont allow me to register for one crore,since it will increase the guideline value for that area.
This is a problem for him since he is going to answer this in the future audits/enquiry .(all Deviations in the registrations will need to be answered in the future audits).
That is a problem for others who are coming for the registration in that area.
Also if i stick on my point ,i may get problem from the local peoples of that area regarding the same .(cos i will increase the guideline value).
All these points are all told by him in offline.
These are the problems i am facing .
But still i want to be a good indian Citizen .
I want to pay the income tax whichever it is 20 % or 30 % .
Now my question arises .
1) I want to be clean .How to make a clean Transaction?
2) if i get two cheque's for 25 lakhs and 75 lakhs and paying Capital gain tax (20 %) for 25 lakhs and normal income tax 30 % for that 75 lakhs ..is that ok??
3) Do Govt will ask question abt that 75 lakhs ??
4) or it will create any problem for me or to the buyer??
I dont want put buyer in problem too..
I wanna to be clean always.Please suggest me a way to sell my property.
sbc
06 December 2014 at 21:25
At the time dissolution of HUF, share in property want to transfer by execution of agreement, is capital gain will be attracted to the huf ? who will require to pay stamp duty ? what is the % ? on which amount stamp duty is payable ?
Ashok
06 December 2014 at 14:44
Dear sir,
We are manufacturer of Computer papers.Getting Paper from the paper mills ( Excercise and VAT Paid invoice on purcase ).
We supplying to some couriers. We fix some prices. we done 5% VAT invoices. Rightnow customer want my PAN for TDS deductions.
We done sales.Regarding this any IT notification is there ? kindly inform me sir.
Looking for your support.
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Cenvat credit time limit
Dear sir, please clarify the following case.
A manufacturer paid service tax from July 2012 onwards under reverse charge machanism(partial liability) and 100% serive tax liability of service receiver. From July 2012 onwards they not take cenvat credit against the excise duty liability.
Now i.e December 2014 can they take credit or not ?
any impact of notification no.21/2014 dt.11.07.2014.
If it is possible or not ?
If possible under which proviso.
If not possible what about the service tax paid amount
will expecting your valuable reply
S.Raj