ramesh gangaram
14 December 2011 at 13:02
Kindly let me known what are the regestration charges SPA AND GPA in Mumbai for an immovable property which my aunty wants to write.
And also let me known weather the SPA AND GPA is valid for transfer of property after the latest SUPREME COURT JUDGEMENT
Anonymous
14 December 2011 at 12:41
Dear Sir/Madam
Please Suggest us that In the C Form What Amount will be Fill up? Gross Amount ( including CST) or Befor Tax Amount (Except CST).
Santos
14 December 2011 at 11:58
Dear All,
If the total taxable salary for the year is 5 lakh 25 thousand, how much income tax to be paid for 2012-2013.
How can the income tax payable is reduced and saved.
Please advice.
Regards
Santos
Anonymous
14 December 2011 at 11:51
Dear All,
If the total taxable salary for the year is 5 lakh 25 thousand, how much income tax to be paid for 2012-2013.
How can the income tax payable is reduced and saved.
Please advice.
Regards
Santos
Anonymous
13 December 2011 at 13:36
dyen job work of jute fabrics is exempet from vat tax
Member (Account Deleted)
13 December 2011 at 12:06
sir i have purchased a property in sarfasiact
from nationlised bank .now if the previous owner have some incometax or sale tax dues ,
what the law suggest? after sale deed with bank can any department can come to me for previous owner's IT/ST dues?
Vishal
12 December 2011 at 13:21
Dear All,
Iam planning to buy a residential site for 30 lacs through a bank loan. Bank is funding about 27 lacs by single DD in favour of the seller.Now the seller says that full amount by DD will attract Long Term Capital Gains which he is not ready to pay.
Kindly let me know the ways to avoid the taxation on the same for the seller as Iam very much interested to purchase the same.
PLEASE HELP ME ON THIS.
Regards,
KS Vishal
Anonymous
11 December 2011 at 13:56
During PY 2008-09 my relative lady at Mumbai (RNOR) has received Rs. 1.51 crore gift from her husband (NRE) in Dubai through 12 tranches of bank transfers, telegraphic transfers, RTGS, drafts drawn in favour of builder on her behalf, etc. (reflected in bank statements) etc. RBI approved banking channels mode. She has submitted all bank statements to the assessing ITO. Also Gift Declaration signed by her husband covering all gifts through this bank mode for all 12 transactions for Rs. 1.51 crore total amount of gift is also submitted to the ITO.
She has a status of Resident but Not Ordinarily Resident. Her husband in Dubai has Non Resident Status. She neither has any source of income nor holds any property abroad. Her husband has neither any source of Income nor holds any property in India.
Case is amply clear. However, ITO insists on bank statements of her husband at Dubai. Also he doubts on gift declaration, insists the gift deed must be registered in India.
We have cited following case law also.
In the case law Decided by: ITAT, BENCH `C’, CHENNAI, about the case of: Sushila Ramasamy v. ACIT, Appeal No.: ITA No. 1616/Mds/2007, Decided on: April 2, 2009, it was observed that “..Therefore, in the cases of remittances through banking channel the nature and source of the funds get explained and the onus on the assessee u/s 69 gets discharged, and consequently such remittances cannot be taxed u/s 5(2)(b) of the Act…” Also CBDT Circular No.5 dated 20.02.1969 was discussed and it was observed that “…The obvious logic is that in the case of remittances by banking channel the onus on the assessee u/s 69 stands discharged, and therefore section 5(2)(b) does not apply…”.
NOW I SEEK YOUR HELP AND ADVICE AS UNDER.
1. Is there any other case law, CBDT circular, Appelate or High Court Judgement, which can be helpful in this matter?
2. What is correct legal position about Gift Declaration and Registration of Gift Deed?
Thanks
Jayesh B Patel
Anonymous
11 December 2011 at 13:47
For the A.Y. 2010-11 i have received the Assessment order with Demand Raised by AO. Subsequently we have deposited the Tax of Rs. 62887/- under 400 - TAX PAID ON REGULAR ASSESSMENT. Lateron we have filed the rectification and after the rectified return we found that there is nothing due to pay and Rs. 62887/- already deposited is excess of net tax.
Now it is not under the head 100 - Advance Tax as well as not 300 - Self Assessment Tax. Rs. 62887/- is also shown in Form 26AS. Now how can i claim Rs. 62887/- i.e. tax paid on regular assessment. As there is no option available under the Form ITR - 4.
Should i treat is as a Self Assessment Tax and file a rectification online or something else. Please reply it's urgent.
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Central excise
pl. let me know that how we mantain our RG23 A-I, on issue base or consumption base i.e we should mentioned issue qty. or consumption qty. in our RG23 A-I