Anonymous
25 May 2011 at 09:05
R Sirs..GD Morg..
Fact:In 2005 open resident land purchase by Mr.X now he want to sale it and immidiately want to purchase one resident bunglow on his TWO SONS named.
Q.Can Mr.X get exemption benefit u/s 54F ?
Anonymous
25 May 2011 at 08:29
My friend has framed me in fraud case u/s138.
To cut story short I am mentioning points related to Taxation only:
He has claimed that he had given me a cash loan of Rs 14 Lakhs with the intent of earning an income of 3% per month. He says I gave him accordingly Rs42,000/- per month for 1 year.(july 2006-aug 2007)
After one year I approached him again for more money- This time he sold off all his wife's jewellery and handed me again Rs 14 Lakhs and earned interest for another 3 months i.e. Rs 84,000/-
Fact is that no transactions
My question is apart from the steps i am taking to prove that this case is totally false.
How can I NAIL him under taxations part?
Should I approach the IT dept? Although everything here is false but they have stated all this in their complaint. So will it be considered as fact (by ITO dept) since they have claimed in their complaint.
how can I do it safely??
Vishwanath
24 May 2011 at 19:12
Dear Learned friends,
An ITO had lodged complaints with PSI u/s.109,177,192,196,417,420,463,464,465 &468 for filing two returns of income and twice obtaining refunds after the said refunds were repaid in the month of March 2010 and no charge sheet has been filed so far as most of the allegations are false. Now on the same grounds the ITO has filed another prosecution case to the court u/s.277 and 278 of the IT Act. Kindly advise on what should be our next step.Does it hold good in law?Should we approach the Hon'ble High court for quashing of the same? This clearly shows the high handedness of the IT Dept and Police Dept to cause intentional harassment. How to overcome this complication
Regards,
Vishwanath
hardeep
24 May 2011 at 17:50
Dear Sir,
We are manufacturer cum merchant exporter of auto parts. We are procuring excisable goods without payment of central excise duty against CT-1 Bond in our factory. The B-1 bond is opened by us.
The supplier is supplying us goods against this CT-1 Bond under ARE-1 form for export only. The supplier is a manufacturer and registered with central excise deppt and have no facility of galvanization/zinc plating in his unit.
Our overseas customer required these goods zinc plated. We are getting these goods zinc plated from a job worker who is charging us Service tax.
Please intimate, can we take credit of this service tax amount as a input service cenvat credit in our books.
Please reply and oblige.
Very thanks.
Hardeep
drpkkhatri
23 May 2011 at 06:58
I am a Doctor in Govt.Hopital non practicing.I am a taxpayer. After paying tax,can I give money to my children and wife i.e.to invest in their names.Would it be a legal one?How much amount can I give them per year leagaly? or Should I make a gift deed if yes what is the draft ?
g h thakkar
22 May 2011 at 18:09
I want to purchase income tax return preparing software full virsion.Which is the best software? I am using kitret now a days.
Anonymous
22 May 2011 at 08:03
Mr. x a NRI, residing at USA for last 33 years, he bought a flat in Kolkata 35 years ago,but have no PAN,and have NRI bank Account in Kolkata, now in 2011 he wanted to sold that property. my query is (a) whether his sell consideration is amount to capital gain, if yes what is the rate of capital gain. (B) IF he wanted to convert the sell consideration transfered to U.S Doolars through his bank account any permission from RBI, Income Tax authority is to be needed give procedure.
Anonymous
21 May 2011 at 18:06
gift tax if a partnership firm give gift property to a person.
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