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

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

HARIDAS.P.R   19 May 2012 at 12:54

Belated filing of return

for the assessment year 2005-06 my company filed a return of loss to the extent of 2.80 crores only on 2-11-2006 which should have been on 31-10-2006,because on 31-10-2006 there was a sendoff function and counter of the it office had been closed by 5.00 pm insted of the usual 5.30 pm.And we had no option but to send return by registerd post on 1-11-2006,Assessmsnt officer completed assessmsnt on the basis of the return but refused carry forward of loss to the tune of 2.80.we filed first appeal but appellate commissioner refused our prayer to carry forward loss on the basis of belated return.we filed second appeal before the tribunal which while allowing depriciation th the tune of 44 lacs refused carry forward to the tune of 2.36 crores.Again our prayer befor the high court from tribunal order was dismissed by the high court.noe we have filed SLP befor the supreme court.Noe can we file an application before the central board of direct taxes to condone the delay in filing return and reularise the return so filed in order to enable us to carry forward of loss of 2.36 crores?please advise.

indu   18 May 2012 at 12:25

Info abt stamp paper.

Dear sir,
Please tell me what should the value of stamp paper for partnership deed in haryana.

Thanks

Himani Shah   17 May 2012 at 17:09

Gift deed

Dear Sir/ Madam,

Please provide solution on the following:

1 shareholder of a pvt ltd comoany is transferring his shares (by gift) to his brother who also is the shareholder of the same company.

Please tell me what will be the amount of duty to be paid on the Gift Deed or what amount of franking is required to be done on the gift deed????

where is the gift deed required to be registered???

What are the tax liabilities attracted by this kind of transactions???

Awaiting for the reply at the earliest.

Thanks & Regards,
Himani Shah

Rajesh   15 May 2012 at 15:46

Vat on property registration in maharashtra

Mr. A booked flat in Apr 2010, registered in May 2010 and took possession in June 2010. At the time builder had not indicated or asked payment of 1% VAT on registered value.

Today after 2 years time, builder has sent notice demanding 1% VAT amount alongwith interest which is about 45% of VAT amount. Builder has asked to pay VAT amount alongwith interest by way of cheque favouring the name of builder.

My questions are

1) Whether above property is liable for VAT?

2) Whether builder can ask for VAT amount and interest thereon, without sending any demand notice earlier, particularly when this was not informed during booking.

3) Whether VAT notice should be issued by govt directly in the name of flat owner or in the name of builder?

Thanks in advance.

pooja dedhia   14 May 2012 at 11:54

Levy of various taxes on purchaing flat & payment of it

while purchaing the flat from the builder who is the owner and enter into the regular flat owner ship agreement for sale under provision of maharashtra flat ownership act 1963,from the point of purchaser what points from the point of income tax should take into care while making the payment to the builder?

also from the which section applicable from the point of service tax?

DINESH GARG   13 May 2012 at 19:10

Mpvat

FORM 49 (ROAD PERMIT) BY MISTAKE ONE FORM USE TWO TIME. SOLVE THIS PROBLEM

pooja dedhia   13 May 2012 at 08:47

Calculation u/s 234 b

how to calculate 234 b on the following detail for the A.Y.2011-12?
total tax libility:-18,66,292
adv tax paid 14-09-2010--- 600,000
15-12-2010---600,000
SELF ASSESSMENT TAX PAID--
30-04-2011--600,000
28-07-2011--55,000
28-09-2011--23,070
DUE DATE FOR FILING --30-09-2011
DUE DATE FOR FILING---30-09-2011

PLEAE GUIDE ME IN REGARDS TO ABOVE CALN OF 234 B?

SANJAY CHATURVEDI   12 May 2012 at 23:29

Salary breakup

One of my friends have recently joined a company with a gross salary of 50,000/= per month and a company car with maintainence. what should his breakup of salary be to save on taxes?

Bhalnish Desai   11 May 2012 at 20:57

Tds on payment to foreign director

Please give rate of TDS on payment of Salary to Foreign Director.

P V Jayaprakash   11 May 2012 at 18:32

New property tax - mumbai

What are the components of the new property tax system and how is the calculation done?
Is there any website where the capital value for different locality is available?