sunil
21 April 2011 at 14:50
I PURCHASED PLOT OF LAND IN DEC 2009 PRICE 3,45,000=00.
SAME I SOLD IN MARCH 2011 FOR RS. 6,00,000=00.
THIS WAS DONE TO PURCHASE SMALL PLOT FOR RS. 3,00,000=00 AND CONSTUCT HOUSE. PLOT WAS PURCHASED IN APRIL 2011. AND CONSTRUCTION WILL BE COMPLETED IN ONE YEAR.
WILL I HAVE TO PAY CAPITAL GAIN TAX? COST OF CONSTRUCTION IS APPROX. 10,000,00=00
SUNITA
Anonymous
21 April 2011 at 07:27
Dear all
Below is my query wrt to WHT
Situation - When the Non Convertable Debenture is held by an ofshore investor, WHT to pay on interest as per the tax treaty between the countries.
Typically, offshore investors ask for the interest payment to be grossed up for the tax, so that their return is not hampered.
So for instance, if the offshore bond investor wants 11% interest, and withholding tax is 10%, the interest payable by the issuer is 11% * (1-10%) = 12.22%
Question-
1. Is the tax amount so paid to investor can be taken as business expenditure.
2. The tax amount paid by the issuer (= 1.22%) be set off against income tax paid by the issuer?
Thanks in advace for your support.
Anonymous
20 April 2011 at 23:30
The Govt. in the budget announced that persons of 60 years and above would be treated as Senior citizen. In such case they can fill up 15H form for tds.
2. The Income Tax Department states that if your income is upto Rs. 5 lakhs, he need not fill the Income Return. Please elucidate. Thanks
Deepika Mishra
20 April 2011 at 17:50
my father sold a residential property in Indore in March 2011, for 60 lakhs where as the guideline is of 80 lakhs.
the property was made in 1967. How much tax on capital gain he has to pay? He is 92years old.
Anonymous
18 April 2011 at 18:55
1. WHICH IS LAST DATE FOR FILLING OF RETURN MVAT 6-MONTHLY AND UPLOADING
2.CAN I PAY PAYMENT FROM OTHER THEN MY FIRM A/C
3.STILL PAYMENT CAN DONE THROUGH BANK
4.E-PAYMENT IS COMPULSARY
JK
18 April 2011 at 15:11
Dear All,
Can we make a pan card for a person 80 year who is suffering from Paralysis and can not make his signature?
Vaibhav
18 April 2011 at 12:10
Sir,
We did not submit Form I with Form 24(quarter-1,2). The notice is come u/s 54(1)(22). In the challan of VAT (UPVAT-I)in which head of account we paid the amount-> 1.Central Sales Tax against demand 2.Central Sales Tax Penalty 3.Other Recei
Rupesh
18 April 2011 at 11:51
Respected Experts,
I want to know if any one provide cement to ready mix provider, Is excise duty is applicable on total ready mix he supplies or excluding the cost of cement.
pl. do the needfull.
thanking You,
Rupesh Arora
Debashis Saha
16 April 2011 at 14:13
Whether Interest received by a NRI from "Fixed Deposit with Indian Bank" qualifies as "Interest" within the definition of "Interest" as per ARTICLE - 11 Clause - (4)of DTA Agreement with Canada ?
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reply to demand notice
i had filed income tax return 2010-2011 . in advertantley i forgot to put my signature on it and then an official came to ask for fine for not putting signatures. is there any penalty to me . ?