M.A.T.Ganesan
16 January 2012 at 19:06
A entered into an unregd sale agreement with B for Rs.5 00 000.to sell his land.But in the registered saledeed,the value of the land was stated as Rs. 7000/ only.ie,guidlines value. How can A invest to avoid income-tax?
1)Whether the sale agreement can be used in submitting income tax returns
2)Whether investing the amount to buy a land do not attract tax, if invested within 6 months of sale
3) Any other way to invest
4)Whether B is liable for stamp duty
Advice with relevant provisions of IT laws
vikas kumar matha
16 January 2012 at 18:22
last date for filing itr of AOP registered under socities act?
2 Years itr can be filed together?
If members list is also filled in itr?
if there is no share of profit and loss of members then how to fill itr?
d. chandra sekhar
16 January 2012 at 17:51
Sir, anybody tell me what is procedure for getting the certified copies of Sales Tax Assessment orders? Fees and other details etc.,
Dharmesh A Gandhi
16 January 2012 at 17:08
Dear All my friends,
I hv applied for new pan card and check the status about PAN and it is alloted but now recd on my address till the date. What can I do? pls help me.
Anonymous
16 January 2012 at 15:46
A relegious Trust is paying some amount to an individual towards commission for helping them to get some donations to the trust. What Tax implications will have to face by the individual. He is not a commission agent or broker. the said commission may be one time but huge. He is ready to complay all statutory rquirements.
Kindly give your valluabel opinios / suggestions.
Anonymous
16 January 2012 at 13:33
Sir/mam, There was a sale of afgricultural land taxable under income tax act 1961, in the FY2009-10 AY 10-11 and it was in the name of ma Granny (80yrs). V had invested all the sale consideration in 54EC-REC BONDS whic is notified under sec54EC of income tax act.Such bonds wer in the name of Ma Granny , ma mom and dad and it was properly invested within 6months form date of transfer. Ma queryy is She died in the yr2011 sowe havent filed the return as nothin is taxable but now do v need to remove ma grannys name from the bonds? Is der any implication on exemption unders sec54ec due to her death? Pls reply as m in trouble?
Anonymous
15 January 2012 at 20:34
Sir,
I would like to know that can an employee claim deduction under 80d for his parents medical expenses, who is not dependent. if employee claims, to claim what proof he has to submit. Kindly clarify sir
RAJESH CHOUDHARY
15 January 2012 at 19:36
Hello Friends,
I have a query. The case is as follows:
My mother wants to gift me Rs. 500000\- in cash. She is housewife having PAN card but never filed ITR since income is always below exemption limit. She is not having bank account. Is it acceptable to get that much amount in cash? I know it will be tax free for me but is there any chance of her getting trapped in Legalties of Income Tax considering she never filed return and does not have Bank account.
If I can accept, then is it necessary to prepare a Gift deed? If yes, then what should be the amount of Stamp Paper.
I could have taken that as Interest free loan but sec 269T and 269SS prohibits loan in cash above Rs. 20000.
FEROZ PALITANAWALA
15 January 2012 at 19:24
Is Franking Document if not registered within Six months valid for registration after that(say after 2/3 years)?
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Inc tax
Hello friends,
Can anyone tell me that whether there are any non appellable orders under the Income Tax Act, 1961 ??????
Regards,