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Sadashiv Rupchand Gaikwad   22 September 2011 at 09:46

Tax free income

An Agriculturist received compensation from the State Government.The Special Land Acquisition Officers issue F16A TDS Certificates for the Financial year 2008-09.Can the farmer claim as Income tax Refund from ITD? Which Form is to be used?
What is the time limit for claiming Income Tax Refund? Which section is applicable and where to be mention the gross compensation received amount? What are the remedy for obtaining Income tax Refund.

Anonymous   21 September 2011 at 20:04

Property received in huf

The case is :-

Three brothers A, B, C acquired a HUF property on their father's death, when the HUF got dissolved.
Now two of them (B & C) want to give away the property to A.
What is the best option for B & C, so that no tax arises in any manner.

(1) Gift
(2)Relinquishment
(3)Sale

sunil   21 September 2011 at 18:42

Aplicability of sec.269ss and t

Dear Sirs

I will be thankful if any body can clear by doubt which is

Whether sec. 269SS and T will attract on cash transferes between partnership firm and pvt ltd company in the same group

Anonymous   21 September 2011 at 16:53

Service tax on flats

Sir, We,50 employees, had formed a group and purchased land and registered on individual names in March,2010. We had approached a builder for construction of flats and entered into an agreement for construction of flat @ Rs.961 per sq.ft. and construction agreement was registered in March,2010 and we paid 1st installment of 25% in the month of April,2010. Now, the builder is insisting to pay service tax @ 35.55 ps./sft and as per construction agreement ST is in our scope. please advise us what exactly the rule speaks and how much ST we have to pay.

n k s prasad   20 September 2011 at 22:09

Bifurcation of overtime allowance (ota)

sir

I received Rs.70120/- as a Overtime Allowance (OTA) Arrears in July 2011 due to implementation of 6th CPC.

The was due w.e.f. 01 Jan 2006.

Sir, pl guide me how to bifurcate/ spread over the Rs.70120/- (OTA arrears) over the FY 2005-2006; 2006-2007; 2007-2008; 2008-2009; 2009-2010 & 2010-2011, so that Relief U/s 89 (1) could be availed while filing Income Tax Return.

thanking you

yours faithfully

nks prasad

Anonymous   20 September 2011 at 17:16

Service tax

Dear learned Members,

In case of contract of services with foreign entity (Companies incorporated in Nepal, Bhutan etc.), does liability towards government in respect of Service Tax arises?

please elaborate in both the cases where answer is YES OR NO.

n k s prasad   20 September 2011 at 11:58

Bifurcation of ota arreares received

sir

thanks, for reply.

sir, please explain through an example to bifurcate Rs.70120 (OTA arrears received in Jul 2011), so that it will be helpful necssary action coudl be taken.

sir, pl guide me if there is any formula for birfucation so that the same can be utilized amongst ourselves (employees) for claiming relief under section 89 (1)

thanking you

yours faithfully

nks prasad

n k s prasad   20 September 2011 at 10:39

Relief under section 89 (1)

Sir

I receved Rs.70120 as Overtime Allowance Arrears on Jul 2011 due to implementation of 6th CPC. The OTA was due from 01.01.2006

Sir, Pl guide me how to get Relief under section 89(1)

thanking you

yours faithfully

nks prasad

Anonymous   19 September 2011 at 18:11

Procedure for "c' froms under cts act

Dear Experts,
We have sold goods(biomatrical products)out of Maharashtra. We have charged CTS @ 4%, but we have not obtained "C" forms as per CTS Act from dealers. What will we do to obtain these forms? Shall we send Legal Notice to them for demanding "C" forms? If they do not response What will we do?

Dharmesh A Gandhi   19 September 2011 at 16:02

Regarding mistake in challan

Dear All,

I have paid Advance Tax Rs. 15,000/- for the AY 2011-12 on 15/03/2011. But due to some mistake I have selected Self Assessment Tax (300) instead of Advance Tax (100) in I T Challan. Now what can i do? pls suggest me any body? (In Our Copy)

Second thing is regarding this challan Bank of Baroda selected AY 2010-11 instead of AY 2011-12 and in our copy shows AY 2011-12.(In Our copy which is given by BOB)

Above mention problematic challan is same Single challan)

What can i do? pls suggest me?
Thanks in advance