Tejashwini
09 March 2012 at 18:05
hello members
The issue is as follows:
A property was acquired by the Government during the FY 2010-11 and compensation paid to the assessee Mrs.A. The property was transferred to the assessee Mrs.A, on the death of her husband. The husband Mr. A , had received the property ( the property relates to their grand/great grand father's)on partition of the property during the early 1950s.
So in order to compute the Capital gains, we need the fair market value as on 01/04/1981. Require your valuable opinion on how to arrive at the FMV as on 01/04/1981.
Thanks in Advance
Charudutta R. Mhalgi
09 March 2012 at 12:27
To
Respected Sir,
Query regarding Mediclaim u/s 80 D--Income Tax Act.Previously it was Rs.15000/-If anybody invested Rs.20000/-if the policy covers a Senior Citizen.If anybody invested Rs.15000/- without Sr.Citizen and invested Rs.20000/- for Sr. Citizen whether he will get exemption of Rs.35000/-or not. What is the maximum benefit for Mediclaim u/s 80 d?
Kimdly advice for the same.
Medha Bhattacharyya
08 March 2012 at 18:56
An work order related with three jobs in a public sector Company i.e. Construction works of School Building,Health Center and Community Hall(solely used by the workers). Total contract are in a composite form.Whether the assessee will claim all the three works as an exempted Service under Commercial & Industrial construction?
Bhalnish Desai
08 March 2012 at 16:41
We are paying service tax on Consulting fees under Business Auxiliary Services. Can we take credit of the same
raj kumar reddy
07 March 2012 at 21:59
Sri, I have received notice from Commerical tax officer ,mahabubnagar, andhrapradesh, to pay Old Arrears for the year 2003-2004 of Rs 83601=00 ,we have paid Turn over tax regularrly we have filied A2 returns on monthly basis for year 2003-2004also. for the we were going Hindustan unilever business then.now the firm is closed,we have closed the bussiness too. i want to know in what way we are held responsalbe for the old dues. please help me.
Vipin Kumra
07 March 2012 at 11:48
There is a company in which there are 4 houses. the company has been split. the problem is of distributing these assets. can anyone please tell me the different alternatives available.
an outright sale purchase leads to a lot of cash outflow in the form of stamp duty, cap. gain tax and dividend distribution tax.
De-merger cannot happen because the company has no activities.
vicky james nongbri
06 March 2012 at 20:46
why the peaple who ere belonging to schedule tribe status have to cumpulsarily apply for pancard since they are exempted from paying income tax.
aniket
05 March 2012 at 16:10
I have a land in MIDC it was alloted to me way back in 1997, as I have not completed the 10% construction criteria, MIDC asked for a Premium of around 42lacs and has given me extended time limit to complete 10% construction. As I as unable to pay such amount o my own, I paid the amount by selling the very same land to a businessman for 42lacs only. this is because i wanted to get rid of the situation. Now will i be taxed for the consideration received or premium collected by MIDC is allowable as Cost of Transfer or Cost of Acquisition?
Please reply
Ravi
05 March 2012 at 15:44
Sir,
Partners like to let out land to firm on which the firm shall construct any building. Rent will be paid. But end of period the building or structures at wat ever cost was built shud vest with partners as landlords. Is it fine to draft any such agreement. Is it void? or legal issued from income tax angle? Can firm claim depreciation?
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