Is Credit of SED is available to the
buyer. (The remittance is credited
to the Central Govt. in a special
account.)It is excise duty paid to
CG?
Shyju
19 July 2014 at 11:26
Sir, I have my house in a Khas Mahal whihc is leased to me by the government. Now the Govt is asking over 3 lakhs/acre as salamy and tax for the renewal if the lease. Is it needed to pay the Salami when i am the tenent of the same land? Is not the payment of Salami once and for all at the onset of the lease at the first time? Please give me expert advice. Thanking you,
Shyju Thomas
Bhaskar
17 July 2014 at 23:03
Dear Sir,
My friend wants to sell his property in Bangalore. The property’s (30 *40 feet) market value is Rs 60,00,000/-. The same area’s guidance value is Rs.2500/- sq.feet. He has got one buyer and ready to buy at market price but he is insisting to register only at guidance value which is Rs. 30,00,000 (1200 sq * 2500). Buyer says he will pay Rs.30,00,000/- by cheque/dd and balance amount by cash. My friend has shortlisted another property of Rs. 75,00,000/- lakh and proceed of this sale is going to be invest there. Regarding this transaction we have following question
1) Can someone register property which is below market value (guidance value) ? Will it cause any issue for my friend either from income tax or from registration department?
Thanks in advance,
Regards,
Bhaskar
hdshardik
17 July 2014 at 15:11
PRIVATE LTD CO is has passed the resolution to provide the accommodation to his directors by providing the rent free premises and rent bear and paid by the private company . can private co can do and claim deduction in return? can this facilities value whose exp beared by co, is taxable in the hands of the Director
indira
17 July 2014 at 00:40
Dear sir,
In case If lost C form found and FIR is already lodged with the police station. Infact the c forms are submitted to Sales tax dept for rectification and by mistake the same is mentioned as lost in FIR and given advt in local paper in that case what should be the seller action?
Abhay Kaushik
16 July 2014 at 14:40
Dear Sir,
One of my friend has imported some consignment from Vietnam on Ex-works basis and now the forwarder is charging Service tax on all Ex-works charges in India.Please clarify does S.Tax is applicable on Ex-works charges?
Please reply on my Email ID : kaushikabhay63@gmail.com
Bikky Bagchi
16 July 2014 at 12:26
One of my client in Calcutta didn't submit the Hard copy of Quarterly VAT return for the month of Jan'14-Mar'14 to Dept.
Please suggest me what should my client should do and what are the consequences of Defaults in submitting Hard copy VAT return to the dept.
Thanks.
Raj Kumar
16 July 2014 at 10:41
Mr. A got a property through his father's will made in 1984. Further, a family settlement was executed in 1996 among Mr. A's family members in which the property was formally declared as Mr. A's property. Mr. A sold the property in FY 2014-15. Query : Can Mr. A get the benefit of cost indexation? Since it was an inherited property there was no cost incurred by Mr. A. Also, cost of acquisition is not available for the previous owner (Mr. A's father). Which year should be considered as the year of acquisition of the property for Mr. A.
Read more at: http://www.caclubindia.com/forum/cgt-exemption-for-gifted-property-298297.asp#.U8YHH4YW3LI
Pucki
15 July 2014 at 19:21
Should not deemed rent held void long time back? When there is no income, where the question arise of 'income tax'?
Taxation when transfer from one institute to another
sir last year (2013) i resigned from aiims newdelhi and the next day dec 30th i joined in jipmer pondicherry besides i payed the tax up to dec 2013 and igot the fourn 16 from aiims , but after that i got salery from jipmer for jan ,feb and march so how ican pay the remaining tax for this year. asper my fourm 16 december taxable income is 419400 after deduction taxable income 356360 tax payable 14045 tax paid 13646 balance to be paid is rs 399 ,after this ireceived rs 35892 on jan 31,rs 35829on feb 28 rs 34799 on april 2 so how much tax i should pay more please replay me