krutika
30 July 2013 at 00:19
our firm pvt ltd company has entered into a sale deed registered in 2012 dec to sell a property the purchaser has paide 80% and balance 20% has not been received, conveyance is not given till date,in which financial year we have to pay the capital gain tax we have already paid about ten lakhs and which financial year we would have to pay the balance 2013 or 2014?
YASHPAL RAWAT
29 July 2013 at 23:56
If the Sale deed is excecuted and one clause is incorporated that the possession of property will be given after 2 month i.e. on so on so date and balance 20% of sales has to pay by buyer to seller on this date.
So the date of handing over possession in writing will be considered transfer date (date of sale) for calculating capital gain or date of execution of sale deed.
vinoj pjoseph
29 July 2013 at 18:06
SIR,
I am a central Govt Employee . As my department didn't deduct my GPF subscription during the period from 04/10 to 03/11 because my pay preparing office changed due to my promotion to Group-A post. So during this assessment year Dep didn't considered the GPF savings for Tax deduction. But Dep deducted the GPF amount in arrear from the next year and they didnot considered the Arrear deduction in my savings under 80C in this year also . Whether I can claim my GPF arrear deducted for the earlier assessment year in the IT return for the period of 04/10 to 03/11 as this year I already have savings of 1lakh under 80c.
With Regards
Vinoj Joseph
Member (Account Deleted)
29 July 2013 at 14:46
Mrs.X is an Indian lady.She is a home-maker but possessing PAN.She has no source of income except interest from bank fixed deposit amounting to Rs.30,000/- only.She ia a Sr. Citizen and filed Form 15H with the Bank.Will it be obligatory to file ITR for the financial year 2012-13 and assessment-year 2013-14?
tushar
29 July 2013 at 13:07
good day sir,
I am NRI/ Seafarer and i kept ONE LAKHS fixed deposit in wife's account against bank Locker (It was mistake),
it can be converted into TAX free deposit,
can it be considered as clubbing of income,
by Law my all income is tax free,
please advice some solution to come out from this trap, Fixed deposit is for 3 years...
thanks and regards
manish
29 July 2013 at 12:51
Both buyer and seller are registered in state of Jharkahand where system of E-road permit is there. Sales U/s 6(2) of CST Act is being made. Earlier to system of e-road permit buyer used to give road permit in name of orignal supplier i.e. in name of seller's seller. However now buyer has refused to give name of original supplier stating that department is objecting to the same due to linking of data in e-road permit for issuance of "C" form. Please give your considered opinion on the following :
1) Road permit is to be given by buyer or seller for effecting 6(2) sales under CST ACT.
2) what are the consequence/complication involved if buyer issues road permit in name of seller instead of original supplier.
3) whether seller can issue road permit in name of original supplier for sale u/s 6(2) of CST Act and what are the complications/taxation issue involved.
SANJEEV CHAUHAN
29 July 2013 at 10:47
Sir,
Kindly please guide, how to assess service tax liability from a balance sheet on construction of a building.
avneesh
29 July 2013 at 10:14
A PERSON IS DOING BUSINESS OF COMMISSION AGENT UNDER PROPRIETORSHIP(INDIVIDUAL) .
HE WANT TO FILE ITR-4. THEN
QUESTION- IT IS MANDATORY FOR HIM THAT HE SHOULD SHOW ALL PERSONAL AND BUSINESS ASSET & LIABILITY IN ITR- 4 IN BALANCE SHEET
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Problem from service tax department
Sir,
we are running a Learning center of Sikkim manipal University,Distance Education as per the information we don't fall under the service Caegory) I have informed the matter to the service tax personal but they insit me that I have to pay the service tax.
I have attached the notification that I have received from the University.
Kindly let me know the solution.
with regards,
A.Ahmed