B@75BHAIBABU
14 October 2012 at 20:37
if a deed writer is writing a sale deed ,can the same deed writer signature as witness in that same sale deed at the time of its execution in registrar office.i there any section and rules where it is specified who can be witness
rajnish
14 October 2012 at 20:37
Dear Sirs.
My mother who is 52 year old is recieving monthly pension of Rs 40000 after my father's death who was a reader in degree college.
I want to know about the tax saving possibilities allowed as per Income tax rules for FY12-13 and total tax applicable after all deductions.
Udayan Roy
13 October 2012 at 13:55
Sir/Madam
In April'12 I disposed a maternal property (7yrs old),held jointly by me and my brothers.My share was Rs.18lacs of the total selling price of Rs.28lacs.Earlier in May'11 I had booked a flat and had paid Rs 11 lacs from my savings and rest Rs 16lacs from loan from SBI. The flat is still under construction and the total cost including registration will be Rs 35lacs.Immediately on receiving the Rs 18 lacs from the proceeds of the sale of the maternal propeerty I prepaid the loan amount taken form thr bank.
I would like to know if I am elligible for the exemption of Capital gain tax and how much of the exemtion do I get?
Regards.
Udayan
Asha
13 October 2012 at 09:52
I know it's an academic query but please i have my exam and i m very confused no one is here to reply this query my brother is out of town and no friends is ready to reply,
It's okey if experts if you wont reply to my query it's okey .. I know some one wil surely help me.
thanks
My query is -
Hey can Any1 help me to pass the journal entry for payment of tax on long term capital gain. Also explain y s dat particular a/c dr or cr.
Sarabjeet Singh
12 October 2012 at 11:58
Proof of Cash Credit Could Not be Furnished before A.O. The Appellate Authority CIT (A) did not entertain the Proof of Deposit. Can fresh evident be given in appellate tribunal as the loan was taken through A/c Payee’s cheque from existing assesses we need judicial Pronouncement.
Sarabjeet Singh
12 October 2012 at 11:55
Employer issued tax sheet and as per sheet deductions u/s 10 was allowed but employer did not provide from no. 16. Can the Assesses claim deduction u/s 10 provided as per tax sheet. Please advise and let us know and judicial pronouncement if available. The Assesses is in default on lapse of employer. Can the employer take the benefit of innocence as the fault lies with employer and not with employer?
Sarabjeet Singh
12 October 2012 at 11:53
“A”
Salary Person working with King Fisher as Plot Inspite of number of Requests did not received form no. 16. But received the tax sheet where deduction allowed u/s 10 were made but the Assessing officer while framing assessment demanded form no. 16 which the King Fisher Company- did not provide to the assesses. The assessing officer made disallowed on this score. Please Suggest the remedy with support of Judgment Favoring the Judgment assesses pronounced by High Court and Supreme Court.
“B”
The Assessment during the Assessment Year in Question Received Loan of Rs. 260000/- through account payee cheques from existing Commission agent, Income tax assesses. During the course of assessment the assesses could not disclosed the name of person from whom that was received. The A.O added the same to the income of assesses. The Assesses went in appel with CIT (A). Who also up holded the addition with the peea that this Information was not given to A.O. Please Suggest the Remedy in Tribunal with court Authorities
Anoop K S
11 October 2012 at 13:15
New Service Tax related doubts
1 For input claim service tax, is there any ratio applicable based on sales and service
If there is any such rule of ratio,please give the details.
2 Is reverse charge payment is fully deductable in payment month
3 Is any sales service ratio applicable for reverse charge deduction
4 Applicability of Service tax(or Central Exise) if we built a tipper body and sell it as a single product with vat for the full amount
5 Is reverse charge applicable for remuneration to whole time directors as there is employer emplyee relation exist.
6 For input claim of service tax/reverse tax what are the supporting documents required
7 For the purpose of service tax exemtion limit, turnover of each unit/branch having number consider separately or the company as a whole
8 If the security provider pays 100% service tax, Is service receiver's reverse charge liabilty will avoid.
9 Is any reverse charge applicable on freight payment of companies
10 Is there any restriction on claiming input of service of land phone bills,mobile bills,professional charges etc.
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Tax- settlement
As part of MCD, I have got a settlement amount of 10,00,000. My queries as follows,
1. Do I need to include them when I do my Income Tax returns?
2. If so, under what section it come?
3. Is it expemted from Tax or tax will be deducted from it ?