vijay dhiman
07 May 2011 at 09:27
D/all
please provide a format in excel sheet of investment declaration form for income tax purpose for the the financial year 2011-12.
niranjan
07 May 2011 at 01:35
I read followings are components of CVD u/s 3(1) of CTA:
BED, SED, ADD(T&T),ADD(GSI), NCCD, ADD(2003), Edu. Cess, SH Edu. Cess.
is there also any simillar components of CVD u/s 3(3), if yes, please specfy these components.
Thanks for answering my question
Ram Prakash Gautam
06 May 2011 at 18:32
Dear Sir,
Kindly clarify that :-
a)Unit having retail sale up to 8.9 crore in the previous yr what is liability towards excise duty and what formalities are required
to be done by the manufacturer.
b) if the previous yr retail sale is more than 9 cr and less than 12 cr what is the exemption available to him
thanking you
Ravi Otwani
06 May 2011 at 14:19
My Client had entered wrong tin no
and he had entered correct name of the dealer
now my query is what is a procedure to
rectify the mistake
Anonymous
06 May 2011 at 00:35
X, Y bought a property worth 30 Lakh Rs/-on Dec 2006. But here the Sale Deed consideration is 6 Lakh (As per govt value, Semi finished registered) and Additional Development Construction Agreement had been done for Rest of the value (24 Lakh) which is not registered. So that total value equals to 30 Lakh and X, Y took loan on that for 26 Lakh and rest paid directly. X, Y made a Gift Deed of the property to Z (Z is husband to X and Father to Y) with Stamp Value for 12 Lakh on May 2009.Now Z is sole owner of the property. Now if Z wants to sell the property on today’s date –May 2011, following points need to be clarified. 1. What will be the value of consideration of the property (12 Lakh as per the Gift Deed value or 6 + 24 = 30 as per original Sale Deed value) to calculate capital gains as the gift proceedings were done among relatives? 2. Will that be a Long Term Capital Gains (As period from original sale crossed 36 months) or Short Term (As period from Gift Deed is below 36 months)? 3. Can we consider the Development Construction Agreement value (24 Lakh) for total Sale consideration while calculating Capital Gains?
Anonymous
05 May 2011 at 19:48
i had made agreement for purchase a agriculture land before 3 years.Till date i had not made it registered in registrar office. Now i want to sell this land to a new party .What will be my tax liability. Whether Long term capital gain as i retained the property for more than 3 years.
Can i get any exemption u/s 54 i,e if i reinvest this sale proceed in other agriculture land or immovable property shall i get any relief or exemption.
Regards
RPN agrawal
Anonymous
05 May 2011 at 12:29
The Agreement to sell was signed with the Builders and registered in Dec 2004 in which it was mentioned that right to sell wud arise only on full payment of consideration. Last payment made in Dec 2007 and receipt was acknowledged. Occupancy certificate not yet issued. Possession taken immediately i.e. property was rented out, without any formal document being signed. Society is yet to be formed. The flat is now being sold by us and Agreement to sell has been signed in April 2011 for which a transfer fee has to be paid to builder.
My queries : 1. What is the date of acquisition for capital gain purposes and what is the base year to be taken for indexation purposes...Dec 2004 or Dec 2007?
2. What is the last date for depositing CG in CG deposit account if last of sale proceeds is received in Aug 2011?
3. In case a new property is purchased within 2 years from such deposit account, CG tax wud not be charged. 2 years is to be considered from which date : Date of agreement to sell or Date of receipt of last of the sale proceeds?
Urgent answer required.
Thanks in advance.
Vishal Upadhyay
05 May 2011 at 09:41
Dear All,
We have laid gas pipeline in the year 2009-10 for our own manufacturing of ceramic sanitary ware. The same pipe line we want to use for supply of GAS to other company.
We are charging ST @ 10.3% but my query is whether we have to charge VAT on total value? If yes at what %?
anish
05 May 2011 at 01:01
sir
I had taken LIC New Jeevan Dhara Pension policy in 2001 by paying single premium. Policy is termed as deferred annuity for life with return of amount. However it has option to take lump sum annuity or surrender value after 10 years.Can this amount be considered as tax free ? I think only in policy where life is insured, surrendered value is tax free in hand of receiver.Is this lump sum amount which i have received after 10 years in this plan tax free in such situation ?
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
unregistered dealer dealing in tax free goods
Does an Unregistered dealer is required to make registration under local sales tax authorities, which is dealing in Tax free goods?
What Tax Treatment is to be done for that kind of Purchases
1. treat it as tax free goods
2. treat it as purchased from unregistered dealer & liable to purchase Tax.