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sneha   31 August 2013 at 17:56

Income tax

Hi,

My mother has recently sold a plot and gave me 20Lakh as gift in the form of cash, which is been deposited in my account.

Iam a working girl earning a salary of 5.6lakh per annum.

Out of the whole money i have utilized 3Lac for booking a flat in my name. and will be taking an home loan shorthly for 30 lac.

please advise me on:

quest 1: what will be the Tax obligations for me in this case

quest 2: what documents or kind of investments if i do,i can save my tax

quest 3: where do i need to declare this investment all the set of transactions !!!!

Mahantesh N   31 August 2013 at 14:47

Service tax -

Sir,

Does Due Diligence comes under Financing for claiming Cenvat credit. Please give with Case law or any defined source.

Regards
Mahantesh

Bhupendra Dubey   30 August 2013 at 18:20

Registration in serivce tax

How can we get registration under service tax for a transport company?

Please tell in details.

Thanks & Regards,

Bhupendra Dubey

Dipen Gandhi   29 August 2013 at 18:45

Capital gain - sale of plot

Good Evening,

I, aged 60 years, have received entire sale consideration upon sale of my plot in January 2013.

Also, the buyer has been handed over possession, who has commenced construction of Bunglow on the said plot.

However, no legal document (like sale deed or agreement to sale) are yet to be executed.

Can such possession and receiving money can be treated as sale in FY 2012-13, under income tax act for capital gain purpose ?

OR

Will it be liable to capital gain when sale deed will be executed and registered in FY 2013-14 ?

For capital gain tax saving reinvestment what is the period available with me and from which date such period will commence ?

Regards

Ankur Gupta Advocate   29 August 2013 at 18:04

Capital gain

RESPECTED SIR,
I face a problem in entry of capital gain
I have a land of rs. 10000/- aprox
i sold it of rs. 50000/-
i have 40000/- capital gain
how do i entry in tally


Thanking You

SUBHASH   29 August 2013 at 15:31

Is tds apply on vat invoice

QUES: SUPPOSE MR X HAS TRANSPORT BUSINESS, AND HE SENT HIS VEHICLES FOR REPAIR TO A VENDOR, VENDER HAS TIN NO ALSO AS HE SALE THE PARTS ALSO,.
NOW MY QUESTION IS WHEN THE BILL RAISED BY VENDOR REGARDING THE PARTS HE REPAIRED AND FITTED AND HE CHARGED VAT ON THE BILLS.
SO CAN WE DEDUCTED TDS U/S 194 C, IF YES THEN ANY NOTIFICATION REGARDING THIS ISSUE.

Member (Account Deleted)   29 August 2013 at 10:26

Inter state dispatch

Dear All Members ,

Greeting ,

Kindly share form no 403,and 402 for Gujrat .

Dipak   29 August 2013 at 10:13

Service tax registration

we have one 100% eou unit at kolkata register under service tax as service receipient.one more unit is in sez ahmedabad. now we wish to take service tax no. for ahmedabad unit. both are unit of same company just location is different. should i add unit location in existining ST certificate or i should get it registered at ahmedabad as fresh unit.



Nishith   28 August 2013 at 17:52

Tr of motor car to partner on his retirement

Can a firm allowed to sale or transfer motor car to retired partner? If yes, what will be tax effect to firm for VAT and income tax?

raja goswami   28 August 2013 at 14:13

Fail to show some purchase tax invoice bill in wb vat return for 2nd quarter in financial year 2012-13

sir i regularly file my vat and cst return under west bengal sales tax act but unfortunately i fail to provide two purchase bill details in my 2nd quarter return of fy 2012-13 and now this two bill known to me
Pls advice me what i should do now to prevent any penalty