GANGAM.RAJENDER.
05 November 2013 at 19:18
my friend (female) doing govt job in jntu hyderabad her total income per yeat is 6.50 laks.lic and post office savings are 1 lakhs .so how much tax we have to pay.
pls explain tax reduction ways,if any exemption pls give me suggestion sir.
SANDEEP KUMAR GUPTA
05 November 2013 at 15:15
kindly advice regarding LONG TERM CAPITAL GAIN
1,SUNITA GUPTA W/O SANDEEP & Dr sukhi PURCHASE PLOT NO-79 IN 2006 TOTAL COST RS-8,50,000/- thro mutual agreement ,purchase and transfer
2,SANDEEP PURCHASE PLOT NO-80 IN2007 TOTAL COST RS-17,08,780-
IF BOTH OF US REPLASE PLOT WITH EACH OTHER IN APRIL-2013 THRO FULL & FINAL PAYMENT AGREEMENT WITH POSSESSION AND TRANSFER IN GOVT DEPT / TEHCIL
(CIRCLE RATE 50LAKH)
TO GET BENEFIT OF SEC-54 LTCG EXEMPTED SANDEEP CONSTRUCT HOUSE WITH 10LAKH IN 2013 on plot-79
SUNITA GUPTA W/O SANDEEP CONSTRUCT ONE ROOM SET WITH RS-15 LAKH IN FEB-2015 on plot-80 AND GET BENEFIT OF SEC-54 LTCG EXEMPTED
kindly advice
1, if agreement at CICLE RATE 50LAKH
2,if agreement at market rate 70 LAKH
IS THEIR ANY OTHER LEGAL HARDEL / PROBLEM
sandeepgupta03@yahoo.in
9417701251
shyam
05 November 2013 at 11:18
1. can one tin number be used for multiple uses. example : food, construction, decorators etc...
i want to apply for tin number to apply for government tenders, iam having experience in construction field as well as in hotel field.
2. what title should i fill in vat 100 form, for multipurpose uses of tin number. (nature of principal of business activities)
(or) i should fill two forms for different business (or) in one form i should fill different business.
3. if it is mentioned as multiple purpose is it beneficiary or single purpose beneficiary. in present and future course of time.
SUBHASH SHARMA
04 November 2013 at 18:52
HI ONE OF MY CLIENT(RENU) HAS GOT AN NOTICE FROM INCOME TAX DEPTT U/S 143(2) FOR A.Y. 2011-12 ALLEGING THAT (RENU) HAS DEPOSITED RS. 21 LACS IN HER SAVING BANK ACCOUNT. SOURCE OF MONEY WAS ASKED BY THE INCOME TAX DEPTT.
MY CLEINT (RENU) GOT THE LAND FROM HER FATHER IN LAW ON HERE MARRIAGE BY GIFT DEED ONLY NO STAMP DUTY WAS PAID FOR GIFT DEED. NO SALE DEED WAS EXECUTED BETWEEN RENU AND HER FATHER IN LAW.
MY CLIENT HAS GIVEN THE REPLY TO ITO THAT SHE HAS EXECUTED AN AGREEMENT WITH A FARMER (JAGJEEVAN) TO SALE THE AGRICULTURE LAND. SHET GOT RS. 21 LACS FROM THE LANDLORD AND DEPOSITED IT TO HER SAVING BANK ACCOUNT.
PLEAS ADVISE.
Stephen
03 November 2013 at 15:06
Hi Experts in lawyer & taxation,
I am a retired person having annual income through other source around 5Lakh PA and recently my spouse sold some old gold for 1.3Lakh and obtained a cheque from the jeweller and I deposited in my a/c. Does this amount to be taxed. If yes under what category and what would be taxable slab would this fall including the above mentioned source of income and what will be tax payable along with any applicable exemptions.
Thanks in advance for your advice.
sunil kumar
01 November 2013 at 19:07
Is a educational institution registered under society act liable to pay service tax under REVERSE CHARGE mechanism of SERVICE TAX ACT, for receiving following services:-
MANPOWER SUPPLY SERVICES
LAWYER SERVICES
CA SERVICES
POINTS TO NOTICE:-
THE INSTITUTION IS NOT REGD. UNDER SECTION 12AA OF THE INCOME TAX ACT,1961
THE INSTITUTION RECD GRANTS FOR VARIOUS ITS PROJECTS BUT NOT A GOVT.AIDED INSTITUTION.
IF LIABLE TO PAY PLEASE PROVIDE RELEVANT SECTIONS/NOTIFICATION/CLAUSES OF THE SERVICE TAX ACT.
IF NOT LIABLE TO PAY,PLEASE PROVIDE RELEVANT EXEMPTION NOTIFICATION/SECTIONS/CLAUSE OF THE SERVICE TAX ACT.
Swapnil
31 October 2013 at 18:32
Hi,
I am purchasing a residential property of around INR 15 lakh ( agreeement value) + other charges approx 5 lakh (Brokerage, society charges, stamp duty, registration etc)
Am i required to deduct tds at time of making payment to seller .. If yes then how to deduct tds if part payment is made by Loan taken from Bank..
Thanks ..
Abhishek
30 October 2013 at 20:37
If one is importing innerwear/underwear from Australia to India - can som1 clarify what are the costs and duties. Will it be on MRP or on actual buying price (as MRP is very high and products will be sold on highly discounted prices in local markets).
also the products will have USD tags - is it compulsory to have INR tags put - can that be done later once products land in the country?
am new to all this so if som1 can help with details will be great help. i want to do evrything legally and not get into any trouble! but som1 told me total duty will come to 30% on the MRP and not on buying price - which means it will be commercially unviable to import in india?
Charudutta R. Mhalgi
30 October 2013 at 15:41
To
Respected Sir,
Whether a Corporation ( a Semi Govt. body )
can deduct TDS on rental charges plot/land
given to Contractor on rental bais.
Kindly advice for the same.
Regards
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Recieved notice from it department for cash transaction more than 10 lacs in saving account
Recieved Notice from IT Department for cash transaction more than 10 lacs in saving Account in an Assasment year cash deposited from other cities and i havent filed return in that financial year and Neither my income is under the slab of income which come under taxation.
Even tough i have No accounts which are asked by the department
reply
as soon as possible