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ravikumar   11 March 2011 at 10:22

evasion of income tax

i want to file a complaint against a firm registered under partnership but before registering the complaint i want to know or get the details of the tax filed by the partners will it be possible

Rupesh   10 March 2011 at 17:08

c.s.t. on leather finished goods in haryana

dear experts,

I want to know what is the c.s.t. on leather finished goods products in haryana against "C" form.

Rupesh Arora

saju sathyadevan   10 March 2011 at 17:03

Suitable ITR for Income from Salary and Business

Dear Sirs,

My client has an income under the head salary as well as income from plying heavy goods carriage vehicles (owner of two trucks). His TDS from salary as well as from business is reflected in 26AS. So in which ITR shall I file his return and secondly can I show his business u/s 44AE.

Anonymous   10 March 2011 at 16:30

Is CA's interpretation correct?

Kindly help us urgently by suggesting. The problem is given below.

- Apartment purchased in Gurgaon 2005 (from person who made original
booking in 'pre-launch')
- Apartment allotted to us in November 2006
- Construction linked payment made over 5 years
- Offer for possession received in Sep 2010
- Physical possession not taken and apartment being sold in March 2011
- Sale proceeds expected appx Rs 1.35 Cr
- Indexed cost of acquisition appx Rs 95 lakhs
- Cap gains appx Rs 40 lakhs


It is a full cheque transaction.
We have been informed by our CA that we
have held a 'right to property' for more than 3 years which is a capital
asset. Hence profit on sale of this 'right to property' is in the nature of
capital gains. As the property itself was not registered in our name, the
section where capital gains can be deployed in purchasing another property
within 1 year before sale or 2 years after sale in order to avoid cap gains
tax, is not applicable. The only way to avoid cap gains tax is to invest in
Cap Gains bonds with a 3 year lock in which is what we propose.

1) Kindly confirm if the above interpretation is correct &
2) Which bond we should purchase now &
3) Any other Tax Saving investment suggeated?

Immediate reply is requested as we shall have to invest immediately.

Aj Mann   10 March 2011 at 14:47

Inheritance Tax

We are all UK residents and passport holders. My father died without a will, leaving behind my mother and us 5 children.

We would like the land in his name in punjab to be transferred into the sole name of our mother, so we have given her power of attorney and executed a deed of relinquishment in her favour. Will there be any payable tax on 1) My mother inheriting my father's land, 2) Us children relinquishing our rights over the land in favour of our mother?

Many thanks

Anonymous   10 March 2011 at 14:32

Pla. forward a copy of Order

Could I get a copy of Order on ITO Vs. Dr. Willmar Schwabe India (P) Ltd. [2005] 3 SOT 71 ?

This is a clarification on deduction of TDS on reimbursement of expenses.

Pls. forward me the order :
jagadeesh7060@gmail.com

Regds

Jagadeesh

jagadeesh   10 March 2011 at 09:38

Copy of Oder

Could I get a copy of Order on ITO Vs. Dr. Willmar Schwabe India (P) Ltd. [2005] 3 SOT 71 ?

This is a clarification on deduction of TDS on reimbursement of expenses.

Pls. forward me the order :
jagadeesh7060@gmail.com

Regds

Jagadeesh

ramesh gupta   09 March 2011 at 16:10

TDS

Kindly advise about the TDS liability on exgratia payment to the legal heirs of an deceased employee by a company.

Anonymous   09 March 2011 at 12:58

what is tax

what is intelletual propoerty rights

Anonymous   09 March 2011 at 12:38

what is tax

what is tax