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Ramesh Kumar Pandey   13 June 2014 at 14:21

Query regarding long term capital gain

Dear sir, I Have Alloted a Property Through Valid Documents on 08/06/2006 and make a Registry on 31/08/2008 after that the same property sale on 05/09/2010 through valid registry and claim to the Income Tax Return as Long Term Capital Gain but ITO denied to give a benefit and demand me Tax for Short term Capital Gain

My query is that Can I avail Long term Capital Gain or any IT Law in this regard please suggest

Ashish Shivhare   12 June 2014 at 13:20

Rate of tax in uttar pradesh

I Want to know, what is the rate of tax plaster of Paris in Uttar Pradesh Vat Act 2008

Himanshu Sharma   10 June 2014 at 17:37

Income tax 80g

plz provide me formalities and required documents for registration under section 80G of income tax

Himanshu Sharma   10 June 2014 at 17:34

Invoice format for first stage dealer under central excise

Dear Sir
Plz provide me format of invoice for first stage dealer under central excise

and mention what will be the heading of it:-
Excise invoice or VAT invoice

hdshardik   10 June 2014 at 16:47

Concept of deferred exp is allow today in income tax

is in income tax deferred revenue expenditure is allowed to claim the expenses or written off in equal proportionate ?

rathish   10 June 2014 at 16:05

Income tax non deduction of tds

i HAVE GOT TWO FIRMS ONE IS PROPRIETORSHIP WHICH IS A MANUFACTURING/ PROCESSING COMPANY AND ANOTHER ONE IS PARTNERSHIP FIRM WHICH DEALS IN TRADING, WHEREIN iAM A PARTNER. bOTH THE FIRMS WERE COMES UNDER 44AB AUDIT. FOR AY 2008-09 WE HAVE MADE A PAYMENT/CREDITED RS. 40 LAKHS AS MANUFACTURING CHARGES TO PROPRIETRSHIP FIMR WITHOUT DEDUCTING THE TDS ON rS. 40 LAKHS AS THE PROPRIETORSHIP FIRM HAS GOT ACCUMULATION LOSS AND THE INCOME IS BELOW TAXABLE LIMIT.
WHETHER THIS 40 LAKHS WILL BE DISALLOED IF DISALLOWED HOW TO TAKE SHELTER AGAINT DISALLOWANCE.

PLEASE CLARIFY

Murugan   10 June 2014 at 11:39

Taxation after sale of flat

I bought a flat 10 years back with my money and my father money. 3 months back I made settlement deed with my parents and my brother. Now we sold the property and received money as per the settlement. What are the income tax to be paid by me and my parents and sister.

Thank you,

Mukesh Khandelwal   09 June 2014 at 13:11

Income tax section 40 disallowance of expenditures

One of my Assessee’s income tax cases for assessment year 2012-2013 is under consideration. There was two expenditure debited by him in income and expenditure account in accounting year 2011-2012, Service tax demand for financial year 2009-10 for Rs. 132520/- Interest on service tax for financial year 2010-11 for Rs. 55642/-AO raised oral information to us that as the accounting system of Assessee was mercantile system. So why payment for previous year from the period under consideration, should be disallow under section 40 of income tax act. Please guide me what is the provision of section 40 or this type of govt. statutory tax liabilities due to service tax or other revenue department audit or scrutiny proceeding.
Thanks
Mukesh Khandelwal
mukesh_khandel@yahoo.com
9828242065

Anonymous   08 June 2014 at 16:45

sec 17 (5) or (4) of customs act reg speaking order

The above sec of customs act provides responsibility of issuing an assessment done in contrary to the declaration. What's if even after the importer's demands for speaking order giving ref to the sec 17 (5) of customs act 1962, the department doesn't issue.

M.A.Khan   06 June 2014 at 15:59

Ancestral property

Dear sir
My wife got share in his father's property. This property was owned by my wife grand father since 1950. Now my wife decided to sell that property. Now what tax she has to pay. Is any capital gain will be charged on it?

Other question is long term capital gain tax will be charged @10% if no indexation cost is less from the selling cost of property is it true? And if so then actual property buying cost will be deducted or not please advise us