**zubair**
14 April 2014 at 21:43
In the month of April 2013 I booked (Purchased) a plot (piece of land) on installments from a builder & developer. I am paying monthly installments. Do I get any tax deduction in this regard and under which section of income tax law.
**zubair**
14 April 2014 at 21:35
I recently purchased two LIC policies. I paid the premium in cash. I want to know can my father claim deduction under section 80C in his income tax return on the premium I paid in cash. My father is a pensioner aged 71 & I am 35.
YAGNESH HASMUKH DAVE
14 April 2014 at 12:24
dear sir i have confusion in service tax calculation in work contract in which reverse charge and 40% abatment as some ca given me difference calculation for example calculation 1- if gross amt-1,00,000/- first do 50% reverse charge of gross which come to 50,000/- then do 40% abatment which come to 20,000/- then do 12.36 on it which comes to tax 2472 which i have to pay as reverse charge and calculation 2- gross amt 1,00,000/- do 40% abatment which comes to 40,000/- do 12.36 tax on it which comes to 4944 and then 50% of tax which comes to 2472 which i have to pay . there is no change in tax amt but their is change in gross amt so i am confused which calculation i should consider pl advice
k r purushothama rao
13 April 2014 at 21:22
I am residing in my own property can i claim maintenance expenses at 30% while assessing my income tax liability in addition to annual property tax i an not earning any return from my property as it is self occupied
Manoj k Soneja
13 April 2014 at 10:22
my firm is huf kartar, my dad was kartar he has expired i am eldest son so what procedure shall i follow for sales tax will my mvat no be same only kartar will change or i surrender old mvat sales tax no and apply for new and how do i apply for huf pan card also advice me
Ashwani
13 April 2014 at 02:58
I am dealing in taxable or non taxable (exempted) goods when i did the registration. but now i am dealing in only in exempted goods(children books)but my turnover exceeds 10 lacs. can i surrender my registration certificate.then yes plz give a procedure.
(IN RAJESTHAN)
Vijaya Bhaskar
12 April 2014 at 13:53
Dear Experts,
There is a trust which is established in the year 2012 (2012-13), until know it has not obtained registration under 12AA. However, it has raised General donation of Rs.300000. Specific fund Rs.100000 during the year 2012-13 and incurred expenses toward the objects Rs.120000. Now, (2014-15)the trustees want to obtain registration from the Income tax submitting audited financial statements and activities along with other documents.
Appreciate your valuable expertise for the following queries.
1. is the trust liable for tax, since it has not registered under 12A from Income tax?
2. if liable, on what amount and rate the trust needs to pay the tax?
3. is tax to be paid on both the donations general donation (Rs.300000)and specific donation (Rs.100000)?
4. if registration granted, will it be retrospectively?
Thanking you in advance
Gaurav Gujrati
12 April 2014 at 10:26
Dear Sir,
Whether service provided to trust by way of construction is taxable or not under service tax ?
Manohar
11 April 2014 at 19:53
We (8 members) have purchased a land in Bangalore and given it for Joint development in August 2012. The agreement is such that each one of us gets one aptmt and builder gets his share of aptmts. Now the aptmt is finished and ready for possession.
Now the builder is asking that each one of has to pay service tax of 3.1% on the current value of his own aptmt. Is this really something owner should pay? If so, what is the percentage? As we haven't paid anything to builder, does this service tax applicable in my case?
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Tds on fixed deposit
SIR,MY WIFE IS A HOMEMAKER. SHE HAS FIXED DEPOSIT OF AROUND RS 500000/- ON WHICH SHE IS GETTING INTEREST MORE THAN 10000/- BUT HER TOTAL INCOME IS UNDER INCOME TAX SLAB.CAN SHE SUMIT FORM 15H IN THE BANK FOR AVOIDING TAX DEDUCTION.IS THERE ANY WAY OF AVOIDING TAX DEDUCTION??.THE FIXED DEPOSIT IS FROM HUSBAND EARNINGS.