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

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shanthi   19 June 2012 at 17:25

Car received without consideration

I have received a car without consideration from a friend. Is it taxable?
Can car be given on rent for use. is there any minimum limit for amount of rent and period for which it is given for rent?

Please provide me with ur suggestions for above queries?

AMIT GOYAL   19 June 2012 at 14:34

Regarding form no. 26as

What does mean in Form No. 26as ( Column :- Remarks in case of Reversal :- B )?

What represents B ? in Column Remarks in case of Reversal in Form No. 26as ?

Please Reply the same.

I shall be very thankful to you for the same.

Charudutta R. Mhalgi   19 June 2012 at 14:30

Capital gain--


Respected Sir,

My query is regarding capital gain on Agricultural land if it is sold out.

What is the local limits of any municipality,notified area and is there any specific distance from that particular area?

Kindly advice for the same.

AMIT GOYAL   19 June 2012 at 13:19

Regarding form no. 16-a & form no. 26as

Dear Sir

If any company has revised their TDS return for the Fy 2010-11 on 07.06.2012. in this case, may company change/revise/correction of already issued Form No. 16-A as per Form No. 26as for the Fy 2010-11. whenever deductee has filed their Income Tax Return on due date i.e. 30.09.11 for the Fy 2010-11 & Asstt Year 2011-12( as Per received Form No. 16-A & Form No. 26as ). When the deductee demand our due payment from Deducter then Deducter revise their TDS RETURN so that deducter may be free from their liability as per Form No. 16-A & Form No. 26as.

Please guide me regarding the above matter.

pavani.pothugunta   19 June 2012 at 12:27

Vat and cst

goods sold to outer state government are taxable or not?if taxable,it attracts vat or cst?

sumanta   19 June 2012 at 12:10

Servicetax

show cause notice issued for tax payable under cleaning service but after representation order issued for the same service under another section like manpower service without giving an opportunity for defence.Is it avalid order?

Chandru   18 June 2012 at 16:35

Tax exmeption on hra

I know that if i am staying with my father and giving rent to my father if property belongs to him, i can claim tax exemption on HRA.

I have bought the flat and have cleared loan on that. Now can i gift deed that property to my father and start giving him rent and claim tax exemption under HRA? I am salaried employee.

P V VAITHYANATHAN   17 June 2012 at 20:54

Tax on goodwill money

I am 70 years old, and own a flat in Chennai. Recently the owners of our flat decided to go in for a joint development of our property with a contractor. Each flat owner now receives a lumpsum as goodwill money from the contractor. Please let me know whether this goodwill money is taxable in any way. If so, how to avoid or minimise the same? Appreciate your valuable advices. Thanks.

pooja dedhia   17 June 2012 at 16:30

Non applicability of custom duty on books

how to find out the section & quote that custom duty is not levied on the books?

which reference is useful to confirm that on the imported books of the children ,custom duty is not applicable?

pooja dedhia   17 June 2012 at 16:26

Non applicability of books

under which schedule the vat is not applicable to the books?