Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Anonymous   16 October 2014 at 16:20

vat on sale of truck & car

Respected sir
ek company ki balance sheet mai truck or car balance sheet mai fixed assets mai hai
kya truck or car ko sale karnai par VAT lagaiga

Bhaskar   16 October 2014 at 08:14

Query on investing sale proceed for joint owned property

Dear Sir,
Recently we have sold property which was jointly owned by me and my wife, my name was first in sale deed and my wife's name was second in sale deed. We want to park money in bank deposit before we finalize new property and invest proceed in this. Can I put entire sale proceed in bank FD on my wife's name or we need to divide it equally and put in my and wife's bank account ?

Thanks,
Bhaskar

Shobhit Saxena   14 October 2014 at 10:41

Mvat

Hello Friends,
As you would be aware, in the Maharashtra Budget 2014-15, the Maharashtra Government proposed to exempt VAT on aircraft spares parts to provide a fillip to the MRO industry vide Notification no. VAT 1514/CR 46/Taxation 1, dated 11 July 2014.
So my question is what all aircrafts are included in it.?
Does it also include military aircraft ?

K R Reddy   10 October 2014 at 23:11

Capital gains

Dear Professional Experts,

My father sold his urban land, which will attract the tax provisions of Long term Capital gains.

The sale consideration is in huge amounts but we sated in registration documents comparatively less.

So please advise me how to reduce tax burden, without causing any problem to buyer.

And please advise me on TDS matters as well as other provisions which will help to reduce the tax liability.

SOBERDAADA   10 October 2014 at 12:06

Employer not providing form 16

RETIRED IN 2013 AND CAME OUT OF INDIA IN US
TO MY SON.NOW I HAD TO FILE MY IT RETURN I
CALLED AND EMAIL REQUEST TO CONCERNING BABU
TO SEND ME COPY OF FORM 16 THRU EMAIL SO THAT
I MAY FILE MY IT ON LINE BUT THEY ARE NOT
RESPONDING.WHAT I CAN DO NOW.PL EARLY ADVISE
NEEDED

Ritesh Rathod   08 October 2014 at 17:40

want to create a trust

Sir i am staying in gujarat and I with my friends every year organise a NAVARATRI festival in my society and for this event we collect a donation from public. One of the Donor suggest me that if you are create a trust than you might be received a much more donation because donor also get the tax benefit.
now my question is 1. Can we form a trust or any other form of structure?2.suggest us that which structure is very much suitable to us? 3. And how to form that structure?
Thanks
Cs Ritesh Rathod
M.8511239186

Neeraj Kumar Giri   08 October 2014 at 14:43

Exemption of income

Respected Sir,
Please give your valuable advice in this regard.
A man who was an employee in SAIL (Steel Plant), who expired two years back during his service period and now the SAIL (Steel Plant) give his wife a Rs. 27000/- per month as salary for the rest of the service period and deducted TDS Amount @ 2%. u/s 194A, My question whether the income received by his wife is exempt from tax or not, under which form the return should be submitted.
Thank You.

supabcdefgh   08 October 2014 at 06:47

Tax audit vrs audit under company's act

For a Pvt. Ltd. company with following turn over
a) FY 11-12 4 lakhs
b) FY 12-13 0 (Zero)
c) FY 13-14 20 lakhs

Audit under tax is not required, while audit under company's law is required/

What is the practical difference? In company's law, if the lawer is any way checking all details, like bills etc. what is the point of not submitting audit under income tax act?

KUNNAL MALHOTRA   07 October 2014 at 15:10

Stamp act

If stamp duty has been paid on certificate of convertible preference shares, then upon conversion, whether stamp duty is again payable on the equity share certificates to be issued.

maddy   07 October 2014 at 14:10

Money as gift from cousin

Hi I am married women, my query is my cousin brother(My father's younger brother son) wants to gift me money say Rupees Twenty lakhs.
1)My query is can I recieve this gift in money form him?
2)Who would be liable for taxation in this matter, me or my cousin?
3)what would be the rate of taxation?
4)Also what documnts are required in case of taking a gift form a relative?
5) is there any other way to same the tax.