Anonymous
12 November 2010 at 16:03
An agricultural land was required to be bought by company for its expansion by a new comapny. The land was registered in small lots amount paid by the company and registered in Direcotor name. In the process of the land acquisition by state govt this land was also acquired by state govt and compensation paid to director. The compensation received into Director handed over total money to company. The land acquired by the state govt handed over possession to company. what are the formalities in company law to regularise this transaction. Is any capital gains under IT applicable in the hands of Director.
NITIN
12 November 2010 at 13:55
In case of a Ltd co. if there is a motor car in the balance sheet which is sold,
is MVAT payable? and at what rate?
If yes, then why no set off is available?
Does it not amount to double taxation?
When I buy a car it is MVAT paid, I am not getting any set off on it, and when I sell I have to pay MVAT again.
Will it make any difference when the entity is an individual?
Ashish
11 November 2010 at 18:26
I owned a House and my father is Co owner. If I gift house to my father after that can I claim for HRA benefit giving rent to my father for same house.
Thanks in Advance.
Ashsih
Nookala Subrahmanyam
11 November 2010 at 11:38
We are the manufactures of exisable boods paper and paper board. We are sending our goods to the port and we will istruct the C&F agent to conduct the examination of the goods by customs authorities basing on the documents sent along with the consignment ARE-1 ciopies and duty paid invoices. As per the point No. 12 Examination of goods from the place of export. C.E Manual Page no. 6.7.
So far we have not faced any problem from the customs authorities and Divisional office. Recently we are facing a problem with a new suprintendent that he says the if the goods are covered under any export promotion scheme like DEPB etc., each and every export consignment should be verified by the range officer and seal the goods factory it self. Further he is questioning which law is permitted to remove the goods with out any verification of the Range superintendet.
Actually we are using the containers for expoert purpose. But some times we are engaging the Trucks to send the goods to the port for examination if the full container load is not there.
Please express your comments
hemant bahri
10 November 2010 at 23:02
i want to know abour that a n.r.i. sold a residential house in india and another residential house waants to purchase in outside in india , and the indian govt. has trety with that country, can n.r.i. avail exemption u/s 54
please expain , and also if any decision made will be more help for us
Anonymous
10 November 2010 at 21:15
I understand that money from sell of unlisted shares, if invested in buying a flat/home, capital gain tax is totally exmpted. Pl. advive the period with in which the sell proceeds are to be invested for buying the flat ?
Anonymous
10 November 2010 at 15:59
I have a complicated problem at hand.
Mr X is father and having his own HUF. His son Mr.Y is also having his own HUF. Mr.X has died. Can both the HUFs operate separately? How will be the distribution of property etc, how will the returns be filed? Can the son open two demat accounts for two HUFs and operate them separately?
Father is survived by one son only ie Mr. Y. His wife has also died and Y is the only son. Mr.Y is having wife and one son.
Anonymous
10 November 2010 at 15:16
I have a complicated problem at hand.
Mr X is father and having his own HUF. His son Mr.Y is also having his own HUF. Mr.X has died. Can both the HUFs operate separately? How will be the distribution of property etc, how will the returns be filed? Can the son open two demat accounts for two HUFs and operate them separately?
Balaji
10 November 2010 at 12:07
Dear All
I am looking for a Madras High COurt judgement on 13 July 2010, in a case between the Revenue and Pentasoft Technologies. Please help me on this.
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Section 80G (5 ) (iii)
dear sir
we are a society, registered under 'society registration Act 21, 1860'. and running an educational institution in name of society. we have a provision by a our bye-laws that we work for minority. but we are not a religious minority.
we have applied for 80G exemption under Income Tax Act 1961. but CIT has refused us for granting 80G Exemption on the basis of 80G (5)(iii) that interpret that you are work only exclusive for minority.
please suggest for the above comment
thanks & regards