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Master NDPS 2.0: Latest Legal Developments, Best Practices & Landmark Case Studies

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gopalaswamyb   09 August 2012 at 18:16

Capital gain

A person disposes his property. immediately he purchases a property under construction
more than the value of the property sold. he pays from the consideration received by the sale. what is the procedure . Is he still open an account for capital gain in the S B I or how to intimate the tax people kindly clarrify

HIRAL THAKKAR   09 August 2012 at 17:24

Advocate taking employment

If an advocate on the roll of State bar has paid professional tax upto 2017 and has taken employment in a Company and Company keeps it on its payroll and deducts professional tax, and that advocate tells the company to show his paid challan and certificate of Prof Tax if upon enquiry by the Prof Tax department. Then can the Prof Tax department tell the bar council that an advocate is employed in company and can bar council take action against that advocate. That advocate has not informed the bar about taking full time employment. The advocate is employed by way of appointment letter as Sr.Officer legal.

Julie   09 August 2012 at 16:03

Vat rates

Kinldy inform me the present applicable rate of VAT in West Bengal for my below mentioned products:-





Gypsum boards,

GI studs,bolts,nuts

glass wool,

ceiling materials,

fabric,

wooden floorings,

decorative pieces,

glass of all kinds,

computer hardware

Plyowoods
Laminaterd sheets
MDF Boards, Timber
Paints
Adhesives
Corian Acrlyic Sheets
Tiles
Marble
Granite
Hardware
Electrical goods
Building materials like, cement,bricks,sand,bluemetal & chips
Fabricated goods of Iron and steel
Machinery and accessories
Plastic goods and tools

Packing Materials:-
Thermocol, Adhesives, papers, tapes, ropes, corrugated boxes

Member (Account Deleted)   08 August 2012 at 14:45

Capital gains tax

A flat was sold and within 2 years from the date of sale,full-price was made for purchase of another flat.However,the new flat is still under construction.The price paid for the said flat was higher than the sale-proceeds of the old flat.

Will there be any liability for payment of Capital Gains Tax?

ornate   08 August 2012 at 10:55

Black money

Respected,
Experts

I want to pass on information to income tax deptt. against my one of our neighbour ,who have gathered huge black money & possess dis-proportionate wealth against their known souces of income . The said persons are hoarders, land grabbers and also have huge benaami properties and who are very rude with everybody .
As a law abiding citizen, I request for the procedure and information by which I can highlight their misdeeds to income tax deptt.

george   07 August 2012 at 21:15

Property tax in bangalore city

Hello Sir, Thanks fo your valuable time.

My father had purchased a plot in Bangalore city in year 1993. However he was never aware that property tax needs to be paid on plot of land also. Recently I realised it and spoke to an official of Bangalore Muncipality(BBMP) on telephone and sent copies of the plot to him, who informed me that now I would need to pay fine/ penalty over delay of payment of propety tax from 1993 to 2012 @ 2% per month. My Question--Do we have to pay penalty on non-payment of tax for 19 yrs ( I approached the officials of BBMP first, and no notice/demand for payment ever issued on the plot till date by BBMP ). Is there any other way to avoid the penalty as it is a very huge amount. Also from which year did govt. implement penalty on non-payment of property tax Thanks George

jyotirmaya behera   07 August 2012 at 19:01

For return file

I am newly join this profession (lawyer of Orissa High Court) I want to file E-TDS file but I don’t know the procedure. When I check at net I know that for E-filing there need a ID.
My question is how can I file by E-file procedure?
How can I get that ID? What is the procedure for that ID?

pooja dedhia   07 August 2012 at 15:46

Rent claim by huf & house property of huf

Mr xyz huf has given the building as warehouse to his relative firm to store the stock .Building insurance is paid by the firm as per the agreement clause.Is firm eligible for deduction of insurance exp?under wh
ich supporting ?

visu   06 August 2012 at 22:16

Service tax on associated enterprises.

Pl. advise service tax applicablity on the following cases..

a) service provided to/by an associated enterprise located and incorporated outside india

b) service provided by/tp an associated enterprise located and incorporated in india

sammy   06 August 2012 at 14:42

Service tax

Dear Sir,
I have booked a flat in Pune in july 2010. my flat cost is Rs.4500000. i paid Rs 2500000 to the builder upto Oct 2010.Remaining amount I paid after oct 2010. But the builder charged the service tax and Vat on entire amount.Recently I read in the newspaper that the service tax is applicable only on the amount paid to the builder after Oct 2010.I asked Builder about that.But he is not at all listening. he asked me to bring the government notification copy.Please guide me.

Thanks and regards.
Sammy.