Ganesh Nagaraj
12 July 2011 at 10:29
Dear sir,
My mother-in-law is a senior citizen - 76 years of age. She is a widow and a non earner. she is a Parsi.
She is selling the house, which her late husband had made. He expired 4 years ago.
The sale price for the house is Rs.32 lakhs.
Will she be taxed? Any parsi law applies here? IF so can you please give me some details and advise me please.
Thank you.
Regards
Ganesh
Anonymous
11 July 2011 at 20:09
Sir,
can a chart is readily available for different due dates under WBVAT ACT(as in Income Tax Act). if yes, kindly provide.
Thanks
A.R.JOSHI
11 July 2011 at 17:46
Whether Deposit Mobilisation Commission and Gurantee Commission received from a company by a retired person or individual who does not have any business or profession income, can be assessed as Income from business and Income Tax return can be filed U/s 44AD?Answer required with related sections/CBDTcirculars/notifications/clarifications etc.,
prithwish sengupta
11 July 2011 at 12:24
is investment in kisan vikash patra allowable for tax benefit u/s 80c??? and what about interest on k.v.p.?? is it taxable???
Shubham Gupta
10 July 2011 at 22:56
Dear all
Can anyone tell me the provisions in Madhya Pradesh State VAT, about sale in the house property by the devloper of the residential houses where by the Devloper/ Builder is paying the service TAx by taking the abatement of 75% of the gross amount charged
Anonymous
10 July 2011 at 20:57
Dear Sir,
On 25.06.2011, I have recived two notice u/s 142(1) and 143(2) of Income Tax along with questionare seeking all the details for the financial year 2008-09 (Assessment year 2009-2010). I had filed my income tax return for the said year on 29.07.2009. Now my question are below :
1) Aren't the notices time barred?
2) If I go and take the plea of time barred, can they issue me notice u/s 147 and 148 of Income Tax?
3) What should I do? If I go and co-operate, notice will be presumed valid u/s Section 292BB of Income Tax. If I take the said plea, they will issue notice u/s 147 and 148.
Kindly guide me as what needs to be done in these circumstances.
Mohammed Vaid
10 July 2011 at 20:03
I am having my company's equity shares and it is not listed yet. I want to sell them and have a ready buyer, and i am in profit. Would like to know that what will be the rate of income tax i have to pay? Do i need to pay STT on sell consideration?
antara singh
10 July 2011 at 17:14
Assessee had taken a loan from HDFC regarding purchase of PLOT of LAND, during the FY 10-11. On that loan he had repaid principal and interest to HDFC. Plz advice whether the amount paid as principal qualifies for deduction u/s 80C and the amount paid as interest qualifies for deduction u/s 24(b). Plz state case law, if any.
CS. Antra Singh
Anonymous
09 July 2011 at 17:40
i am a jr. advocate having office cum residence in hyderabad a.p.india, i want to whether an Advocate's office comes under commercial establishment and i require case citations/case laws to submit before the municipal authorities
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in the case of vat
sir,
i want to know that if we have purchased any goods with tax invoice and vat applicable on such goods and the goods capitalized in the firm. so how can we adjust vat liabilities in such case. can i claimed the input vat liabilities from such goods.
what is the procedure and which entry passed in such case ?