Anonymous
09 June 2011 at 13:29
Please tell me what can I do in following condition.
I was filled I T Return by e-filling portal, but my client was also filling his I T Return itself. First time filled by My Client and 2nd time filled by me. My Client don't tell me about his Return Filling. Give me some suggestion any one.
Anonymous
08 June 2011 at 23:56
ONE OF MY CLIENT OWNER OF THE PREMISES GIVEN A GODOWN ON RENT TO A CIGARET MANUFACTURER FOR MONTHLY RENT OF RS. 12,000/-
UNFORTUNATELY RENT AGREEMENT WAS PREPARED BUT IT WAS NOT SIGNED BY THE TENANT HE ORALLY COMMITTED TO SIGN THE RENT AGREEMENT WITH 2-3 DAYS AND HE KEPT RAW MATERIAL OF CIGARATE MANUFACTURING AT THE GODOWN.
SUDDENLY TEAM OF EXCISE DEPTT VISITED THE GODOWN AND SEALED THE GODOWN. TENANT WAS NOT AVAILABLE THERE.
OWNER OF THE PREMISES WAS ALSO THERE HE HAD TO TAKE THE SUPERDARI OF THE SAME AFTER RELEASING THE SEAL OF THE GODOWN.
NEIGHER TENANT IS COMING AT THE PREMISES NOR HE IS PAYING THE RENT.
KINDLY SUGGEST WHAT MY CLIENT SHOULD DO TO GET RID OF THIS PROBLEM.
ajithkumar.t
08 June 2011 at 21:37
Public sector undertaking of Govt; of Tamilnadu acting as implementing agency for devt: of infrastructural projects.There is no separate entity fro the last five years for the project. The grant from Gov: of India,and state received by agency and carries out the project.TDS etc collected by implementing agency and paid with their PAN etc.
How the balance sheet of the entity can be derived separately.
Can we start now a separate entity for taking over all the assets etc of the project. If so tax implications.
Is their any exemtions for such projects under Income tax act under the present status in the hands of implementing agency and under the hands of separate entity to be set up in future.
Any other points.
Please reply
d. chandra sekhar
08 June 2011 at 18:45
My client has taken VAT and CST registrations in A.P for doing business in Transfer of right to use goods. At the time of taking CST registration, my client mentioned Machinery, Enginees etc., for construction of tug. At the time of applying C forms on these goods ( Capital Goods), the CTO rejected my clinet application, stated that the items mentioned in CST application by the assessee is for resale not for use construction of tug. In that reason he rejected to issue C forms.
My query is whether my ckient is eligible for C forms or not?
If eligible, on what grounds and is there any case laws in this issue. Please clarify, the last date of filing of appeal is 15.06.2011.
regards
D. Chandra Sekhar
Kakinada
Santosh Kr. Agarwal
07 June 2011 at 13:03
B receive the Guest House from A (Owner of the Guest House) @ of monthly rent of 85000/-(per month). B then give the guest house on Rent to C @ 260000/- per month.
i)Is A should charge Service Tax on Bill to B amounting 85000/-.
** He deduct TDS 8500/- on Rent.
ii) Is B should charge Service Tax on Bill to C amounting 260000/-.
** He deduct TDS 26000/- on Rent.
Please advice since both A & B are not registered to Service Tax.
What are the Criteria of Service Tax deduction.
Arvind Aggarwal
07 June 2011 at 12:15
Kindly let me know about TNVAT Input availability. As per my information TNVAT input can claimed within 90 days from the date of purchase or 31st March of every year whichever is later. Is it true? If Yes, please send me notification of this.
Thanks & Regards
Arvind Aggarwal
E-Mail Id: arvind.a@aforeserve.co.in
Anonymous
07 June 2011 at 09:46
sir, i have sale my dda residential flat in 2011 , now i want purchased a land . but according to my knowledge for capital gain exemption purpose i have to invest in residential house or flat not commercial and land.
but the confusion is that land which i am going to purchase has temporary constructed and electricity meter permanent has also taken and this house is freehold property.
so according to law , how to recognized this property residential house or land. and i will be eligible for capital gain exemption or not.
Anonymous
07 June 2011 at 09:36
sir,
i have sale my Dda flat in 2011. which was purchased on 2003 after that i also paid some due installment in several years with interest. and freehold charges in 2010 . now
i am confused how to treat these installment and interest and freehold charges and some decoration ,paint cost in calculation of capital gain tax. should i take it as improvement cost and which year of indexation will be use for these expenses.
CHANDRASHEKAR
05 June 2011 at 22:33
I Have purchased house in my name in Mumbai and loan is in joint name of me and my wife in 0ct 2010.
Total interest i can claim for tax exemption maximum is Rs 150000/- though i will be paying tax more than 500000/- during the year.
Can my wife too claim tax exemption of Rs 150000/- basis the same loan mentioned above.
We have received provisional letter from the bank for claiming tax exemption and both are names are mentioned on the letter since it is a joint loan.
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PAN Cancellation
Respected Friends,
Give some suggestions by anybody.
What is the procedure of PAN Cancellation.
If it is HUF & Individual
Give me reply & thanks in advance for suggestions