Sandeep Agarwal
02 June 2012 at 13:33
Sir,
My client has sold an urban agricultural land(Long Term Capital Asset) and deposited the whole sale proceeds in his S.B. A/c. and to take exemption u/s. 54F he has purchased a resi. house in his wife's name and the payment has been made after withdrawing the money from his S.B. A/c. in which sale proceeds of Ag. land was deposited. Now my question is whether he could avail the exemption u/s. 54F for this purchase of resi. house in his wife's name? Kindly quote some case law in favour of the assessee if any.
syed niaz ahmed shah
02 June 2012 at 00:57
i am an NRI by status.
I have a property in Jammu which is being acquired , and the government is saying that we will deduct 10% TDS despite I am of the opinion, that NRI is exempted to pay.Please let me know why there hAS BEEN SLOW TO ANSWER
ess
01 June 2012 at 07:06
Which Income Tax Return is required to be filed by an individual when his income comprises of pension, interest on fixed deposits and profit/loss on shares and derivatives ?
ess
01 June 2012 at 06:59
Is the nominee liable to pay any tax on the Fixed Deposits and shares obtained by him on the death of nominator ?
SUBHASH SHARMA
30 May 2012 at 16:36
X (UP) SOLD GOODS TO Y(DELHI) AGAINST C-FORM.
WHEN GOODS WERE IN TRANSIT Y(DELHI) SOLD THE SAME GOODS TO Z(UP).
CAN THIS TRANSACTION BE TREATED AS SALE IN TRANSIT SINCE THE MOVMENT OF THE GOODS TAKE PLACE IN THE SAME STATE.
PLEASE CONFIRM.
REGARDS
SUBHASH SHARMA
ADVOCATE
M-9891338895
Manoj Deka
30 May 2012 at 16:12
Dear Sirs,
Where as total turnover for the F,Y.2008 - 09 was Rs. 16,64,972/= but due to non receipt of TDS certificate for Rs. 10,000/= (Against a contract work for Rs. 5,00,000.) my friend submitted and claimed return of Rs. 26,489.00 showing total turnover of Rs. 11,13,415 instead of 16,64,972/= actual refund should have claimed for Rs. 27,489/= against actual turnover now the A.O. has furnished notice U/s 271(1)(c) of IT. As the amount Rs.16,64,972 including the 5,00,000/= was received from Govt. bills so evade of tax was not possible nor my friend motive, of course the lapses for turnover for Rs. 5 lakh are there for not receiving the TDS certificate till date. but income @ 8% don,t accede the 1.5 L limit of income for the F.Y 2008 - 09 so if any learned member can guide us or if there are any judgement in this type of cases are available! please help out.
Thanking you
Bhalnish Desai
30 May 2012 at 11:47
Dear Sirs,
One of our employee left the organization during June 2011. He rejoined the organization after six months as a totally new employment. Kindly advise whether to issue two separate form 16 or to issue only one consolidated form 16 for both periods.
Please guide
VIJAY MOHAN SHARMA
29 May 2012 at 18:08
Whether Nephew/Niece i.e. Husband's Brother's Son/Daughter or Husband's Sister's Son/Daughter are covered in the definition of Relatives for the purpose of Section 56(2)(vii)of the Income tax act, 1961 ?
alok_pummy@yahoo.co.in
29 May 2012 at 17:21
Dear sir,
A partnership firm registered under Rajasthan VAT act purchased new machinery for stone crusher plant from Faridabad Haryana and paid CST @2% against form 'C'.(year oct-2008)
Now after business did not run and the firm wants to sale this machinery/plant to some party which may be registered under Rajasthan VAT or may be some individual without Rajasthan VAT registration.
Please guide the applicability of VAT in rajasthan for this sale of used/un-used plant
thanks to all experts
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Gratuity
Dear Experts,
We receive Gratuity cheque from the third party vendor in the name of the Trust and Gratuity payment to Employees’ is made from Trust’s bank account. My question is
1. Is it necessary to pay interest from Trust’s bank account. Can the interest be paid from Company’s bank account ?
2. If interest can be termed as Gratuity ? That is, while calculating the TDS impact on the Gratuity basis the current tax free limit of 10 L, if interest payout to be included / excluded
Regards,
Surya