Anonymous
30 November 2011 at 07:14
For AY 2009-10, I filed return within time disclosing some income under capital gain duly filled all information in relevant columns of ITR. However no documents e.g. purchase deed, sale deed, evidence of investment u/s 54 were attached with the return since there was no requirement to attach such documents. Department did not issue any notice till 30/09/11. However now I received a letter dt. 18/11/11 from the A.O. with the subject :" Requisition of Information relating to AY 2009-10-regarding ", in which he has required to furnish all above documents within 7 days.
Now my question is whether department can issue such type of letter. There is no mention of any section in the letter that under which section he has issued the letter / notice requiring such documents. Whether I am bound to furnish such documents. Whether A.O. on receipt of such documents issue notice u/s 147/148.
Anonymous
29 November 2011 at 22:11
sir,
i am NRI, and own flat in pune which is rented.
my wife is indian resident and stay in india.
is rental income is taxable for me.
yearly rent i will receive is @ 1,50,000INR.
please guide.
If it is taxable then can i show that income is wife's income??
she is co-applicant in home loan and a housewife.
Jatinder Chugh
29 November 2011 at 17:12
I am regd dealer under punjab vat act. I want to buy yarn from outside state but i would manufacture cloth from this yarn which is tax free. Now can i get the exemption from payment of entry tax by submitting an indemnity bond/undertaking/affidavit. If yes then i need copies of the same in MS Word. Please send me copies of all these documents in MS Word
Anonymous
29 November 2011 at 16:38
sir,
i am NRI,working in merchant navy.( 6months in india and 6 months abroad)
i have indian passport as well as citizenship.only source of income is from foreign as i work abroad.my salary get deosited in NRE account.
my wife is housewife and stay in india.
If i deposite money in wife's PPF account via her bank account (resident indian),will be there any legel issue or issue about taxation?
i have no plan to settle abroad can i open PPF account??
please guide.
Rachit
29 November 2011 at 13:59
Hi,
I am working with a retail industry into grocery retail. I want to know whether the company can take input VAT credit on purchases of dump, shrinkage, transit loss in Andhra Pradesh. Please support your answer with relevant sections or case laws.
Thanks & Regards
Rachit Agrawal
Anonymous
29 November 2011 at 13:17
Is Karnataka Govt filed any petition on case [2009] 20 STT 314 (KAR.)
HIGH COURT OF KARNATAKA
Philips Electronics India Ltd.
v.
State of Karnataka
Anonymous
28 November 2011 at 13:14
One of My client has filed return up to ay 2006-07 then no return filed by him till date.in AY 08-09 he sold one Flat at profit / Loss..... so now he want to file return for AY 10-11 & 11-12 so what to do for sale of flat in AY08-09 for which return is not filed.
SUKHVIR HOUSING AGENCY
27 November 2011 at 21:00
Hi Tax Experts,
My NRI PURCHASED FLAT IN 2008 IN MUMBAI
1) If he need to Sell the flat will there be any Tax on the Capital Gains. If yes then how much %., because i heard U/S section 195 TDS of 20% is applicable on consideration paid to the seller (In case seller is NRI). The buyer has to deduct TDS from Consideration Value payable to Seller, He will not get any immunity from Income Tax liability
2) Can Seller avoid the Capital Gains by purchasing another flat?
3) What documents required to avoid TDS on selling property.
4) Is is mandatory for Buyer to deduct TDS from Consideration Value
Tax Experts your advice is higly solicited.
Thanks in Advance
visu
27 November 2011 at 20:06
Is VAT returns filed revised..?
Upto how many months it can be revised..!!
This question is about Tamilnadu VAT
Experts pl. advise.
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Income tax for flat owner welfare association
We are having Flat Owner Welfare Association in Trichy, Tamil Nadu,in which are having 178 flats. We have deposited certain amount in Fixed Deposit in a Nationalized Bank. The interest earned from the deposit amount is utilized only for maintaining the common amenities in the flat.
Kindly clarify whether we have to pay Income Tax for the interest earned from the deposit.
N. Manoharan