RAJESH CHOUDHARY
24 July 2012 at 12:54
An assessee died after completion of financial year (in May 2012), he has lot of capital gain. His representative has to file IT return, can his representative invest money in capital gain account scheme u/s 54B and 54F to claim exemption in his (assessee) name? If not then what is remedy available with representative to save tax?
giridharan
24 July 2012 at 12:07
Is the filing fees paid to CESTAT for appeal in service tax matters attract payment of service tax under reverse charge method?
Himanshu Binani
24 July 2012 at 10:13
Dear Sir/madam,
An assessee has received some loan from some person on which no interest has been charged by the party. Can the A.O treat the same as gift received and charge it under other sources. OR
There is no problem if the loan taken is shown in the books without any interest liability.
Thus it arises an important question that whether every loan taken or given has to bear interest.
BUTA KHAN SHEIKH
24 July 2012 at 08:49
Dear sir
I am received a letter from Director of Income Tax (Intt. & Cr. Inv.) regarding non quoting PAN u/s 139A(5) & 272B of IT Act for the financial year 2010-11.The Brief Facts of my Financial Transactions are following.
* In the F.Y 2010-11 I am cash deposit Rs. 3449000 in my saving bank account and Rs. 2317000 are deposit through cheques
* I am not a Income tax Assesse but I am Pan Holder
* I am a agriculturist and my family total income from agriculture is Rs 15 Lac per year
* The above cash which is deposit in bank received by sale of a piece of urban agriculure land, but I am not a owner of this land , I am only special power of attorney holder of this land, i have only right to sale of this land . This land was given to me by my relative (Mosa) in blood relation. There is no documentary evidence of this land, how to given to me.
The Question arise above Facts are:-
1. If I file income tax return for F.Y 2010-11 relative to A.Y 2011-12, what source of income i shown in ITR for Above cash deposit Transations.
2. Is i shown long term capital gain of sale of agri. land. (which I am not owner, but I use sale Consideration)
3. I am remaining 5 acre agriculure land, which i am not owner , but I want to sale in future, for sale in future how i show my income
Thanks
Atish
24 July 2012 at 01:09
Dear Sir,
There was a legal issue going on in the court of Mumbai as the BMC was charging an exhobitent tax for those flats which were given on Leave and License.
I believe there is a judgement coming ythrough now that the charges will be on some pro rata basis on the property value.
As I am not in Mumbai I am not well versed with what has been happening.
In case there is a web site that could give me the information I will appreciate it.
The property I am enquiring about is in South Mumbai and is a society constructed between approx. 1975 to 1980.
Would it be possible to inform me of what would now be the tax on an approx. 1350sq.ft area flat in that area on per year basis.
Regards
Atish
Abhishek Mawle
23 July 2012 at 22:04
My mother had filed a tax evasion petition against our neighbor with the income tax department subsequently she also filed RTI to know the status of the same but the Assistant Director of Income tax has denied the information vide notification dt 27/03/2008 that office of director of income tax investigation is in the second schedule of RTI act hence provisons of RTI act are not applicable to his office as per sub section (1) of section 24 of RTI act.Please advise how can we get information.
Sheryl Aggarwal
23 July 2012 at 19:37
I sold my Flat in Aug 2011 & Gain from this is Long Term . I bought (in resale ) under construction flat in Oct 2011 & agreed possession in builder buyer agreement is Sept 2012 .
My question is if possession is delayed beyond July 2014 ( that is 3 years after sale of old flat ) than what will be my liability ?
I will be paying 100% of LTCG to builder before July 2014 but for sure builder will not offer possession .
Sheryl Aggarwal
23 July 2012 at 19:34
I booked from builder under construction flat in Aug 2006 . It will be ready for posession in Oct 2012 . I want to know the following .
1) If I sell before possession , will the gain be LTCG ?
2) If I sell immediately after possession ( means after registry in my name ) , will the gain still be LTCG or I have to wait another 3 year after possession to avail LTCG ?
Please clarify .
pooja dedhia
23 July 2012 at 13:49
how to account under which group?
1.when a licence fees for purchasing of the software has paid for the lifetime period of the business of rs 700000/- how to accounted and how to written off?
2.when installation charges has paid for the installation of the software,how to accounted ?
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Service tax -reverse charge
Is the filing fees paid to CESTAT for appeal in service tax matters attract payment of service tax under reverse charge method?
The reason for my query is Notfn. 30/2012-ST[sl.4 of table] specifies ' In respect of services provided or agreed to be provided by an arbitral tribunal' the pecentage of S.T payable by the person receiving the service as 100%. Pl. clarify. Thanks