Nisha Mishra
25 March 2014 at 13:10
Dear Sir,
We have land of 5 acre which we are planning to convert into agriculture land through Poly house & Open Cultivation under a company books of accounts. The Land is in the Individual name of Managing Director. So My query is should we show it on lease from MD Sir or Simply keep on his name. What is benefecial from Taxation point of view.
Kindly advice.
deepak kumar
25 March 2014 at 07:34
sir, i am an employ in a university and have got Rs. 99897.00 as arrear of salary from 2005-06 to2013-14. I have never filed return in income tax department . can i get relife u/s 89 of income tax act.
Amar
24 March 2014 at 22:10
I am an umemployed person having not any source of income. But, I have taken cash from different people worth Rs. 12 lakh and deposited in my saving account during F.Y. 2011-12. The purpose was to apply for agecy of LPG in my area. But unfortunately, I could not get the agency and then I returned back cash to the different persons. Now I have received a notice u/s 148 from Income tax Department for a.Y. 2012-13. What should do I as I had not any income that year and also is it a case of escapement of income as required for section 148 of the I. T. Act. Please also quote case laws in this regard.
Amar
24 March 2014 at 21:02
I have submitted my online audit report for A.Y. 2013-14 within the due date. But, I have not filed yet my return of income. If I found any mistake in my audit report, can it be revised by me or my CA? If yes, what will be the process?
chintan
24 March 2014 at 00:35
I have purchased one under construction flat in 2010 and same was registered on 30-jun-2010 ..According to me service tax is implemented for sale of flat from 01-jul-2010 so can you advice in my case weather service tax will be applicable or no as agreement was registered one day prior of date mentioned for service tax.. however builder is demanding service tax on instalments that I have paid to him post 01-Jul-13 stating which I have denied stating sale of flat is already done before date prescribed .. am I liable for that as law doesn't say if payments are made post o1-Jul-10 I have to pay Service tax.. if I am not liable can you please help me with section and details of act as I have to produce this in court of law in two days
Prasad Kumbhojkar
23 March 2014 at 18:59
1. I purchased Flat No. 1 in 1998, possession of which I got on 1.1.2000.
2. I purchased Flat No. 2 in 2002 possession of which I got in March, 2003.
3. I sold Flat No. 1 in January, 2011 & had a Capital Gain of Rs. 13.5 Lakhs from the sale.
4. I invested the Capital Gain in SBI Tax-saving account.
5. In 2013 March, I purchased another Flat (Flat No. 3) for Rs. 80 Lacs and invested the entire sale proceeds (Including Capital Gain) for purchasing this flat and borrowed a sum of Rs. 65 Lakhs further.
6. The possession of Flat No. 3 is due in June, 2014.
If I sale Flat No. 2, within one year of occupying Flat No. 3 then can I off set Capital Gain from this deal also; if I apply the Capital Gain for repayment of loan, will I be eligible to claim it Tax Free?
shine
23 March 2014 at 02:59
Hi,
I am a salaried employee. I have been abroad during the IT assessment year 2009-10, and returned after a year. From then i missed filing the IT return and it got piled up. What can I do now to clear all my dues in filing returns? What is meant by time barred return filing? I am ready to pay any penalty but need to clear my liabilities.
Please help.
Thanks
Shine
Abhijeet
22 March 2014 at 16:39
There is lot of confusion about VAT payments of residential flats which were bought between 2006/2010. My question is about recent modification announced for calculation of VAT on flats during that period.It came in news paper that now there are 3 slabs for payment of VAT which are 100%, 55% and 0% depending on at what stage you bought the flat. My builder is saying that this is applicable for one of the three methods earlier announced in which 5%flat VAT was collected. Is this true or is it applicable across all methods of VAT calculations?
Please advise.
Thanks & Regards,
Abhijeet
purushotham
22 March 2014 at 12:44
dear sir am working railways on 10.3.2014 my personnal branch issued on letter to pay outstanding income tax Rs 9262/- for the year 2013-2014 in precribed IT challan.the TAN of Sr.DFM,BLRS14403E should invariably be quoted in challan along with your pan.
here am in confusion which Form i have to fill 280 or 281 please confirm
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Income tax sec 54ec
Can anyone give advice regarding 54EC. If the amount recd from selling a house has not been put in the capitals gain tax savings bond within six months of selling the house, then what is the procedure to be followed for exemption from capital gain tax. Is there any way for capital gains tax exemption if the amount is put in a capitals gain tax savings bond after 9 months of selling.