Anonymous
01 February 2011 at 11:37
I will be receiving 500 sq ft office (built up area) in a commercial building, which is being built by a builder on our ancestor's plot which is 50 years old. All other partners will also receive similar offices.
a) How do I calculate the Capital Gains Tax that I will have to pay ?
b) What would be the timeframe for paying it?
c) Is any other tax applicable in this scenario ?
Thanks and Regards
NEERAJ GUPTA
31 January 2011 at 14:10
In case assessment u/s 144 is set aside due to non service of mandatory notice u/s 143(2), whether the case u/s 147 can be reopened or sec 147 lies in such cases. please give some suitable case laws
SUKHVIR HOUSING AGENCY
31 January 2011 at 13:54
Hi Tax Experts,
My NRI client purchased flat in 1991
1) If he need to Sell the flat will there be any Tax on the Capital Gains. If yes then how much %.
2) Can he avoid the Capital Gains by purchasing another flat?
3) Is is it required that the new flat be purchased after the selling of the previous property to avoid Tax?
4) What documents required to avoid TDS on selling property.
5) Is is mandatory for Buyer to deduct TDS from Consideration Value
Tax Experts your advice is higly solicited.
Thanks in Advance
ajithkumar.t
31 January 2011 at 12:37
Sir,
A aided managment school in tamil nadu having eight management members sold for Rs.2 crores documented.
For 8 members it is divided.
School built up by their father in the year 1935 with periodic renovations etc.
The cost of property is not at all available in the wills etc.
What is the tax consequences and arrive at the tax liability of each party.
If anyother thing to be noted specially please inform.
hussain
31 January 2011 at 12:33
Sir,
as per above Finacial year 2004-05 case was reopend U/S 143 (3)at the time of Securtiny assesing officer asked for T.D.S Dedcuted on expenses of Advertisment but for the following year company has not deducted any TDS so the officer as added hole advertisment expenses for that huge amount of tax plus interset as charged so iwant some tip to file a case in C.I.T.appeal so that company get relif from huge amount of tax and interset.please sugges me.
Thanking You
Hussain
Anonymous
30 January 2011 at 21:34
Services of providing facility of mandap, mike, furniture and fixtures during the election time to the election commission, whether it is taxable service under the service category of mandap keeper or shamiana and pandal service
Anonymous
30 January 2011 at 17:04
oil companies are charged cess on per liter basis of petrol or diesel. Moreover cess is charged after vat is charged. So at the time of selling by the petrol pump dealer it is required to pay vat on cess
Anonymous
30 January 2011 at 11:09
A person deals in sale of mobiles having a franchisee and has taken vat no one month back.steps required for efiling vat returns 31.1.2011 being duedate (like digital signature compulsory)plz provide..
javed ahmed
29 January 2011 at 17:25
if my employer refuses to issue me form 16 can i proceed against him in a court? do i need to issue him a notice?please advise me how to approach if my employer uses such malpractice.
regards,
john
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incometax
Sir,
A aided managment school in tamil nadu having eight management members sold for Rs.2 crores documented.
For 8 members it is divided.
School built up by their father in the year 1935 with periodic renovations etc.
The cost of property is not at all available in the wills etc.
What is the tax consequences and arrive at the tax liability of each party.
If anyother thing to be noted specially please inform.