Anonymous
18 August 2017 at 14:16
I have received notice on Thursday 17 Aug 2017 and was asked to present to AO on Monday 21 Aug 2017 and asked documents for assessment year 2010-11.
Actually I am unable to present on this date.
Hence please advise me on how can I extend the date of presenting documents?
N Krishna
17 August 2017 at 17:17
I deposited sale proceeds of residential land in capital gain account. I want to use the money to build a house on another land owned by me. But the issue is that the land has B khata. BBMP does not provide plan sanction for the same. If I go ahead and build the house without building plan, will it be an issue while obtaining approval from Income tax officer (ITO) while closing the capital gain account ?
if yes, please suggest what can be done to get the ITO approval to claim rebate on 54F
Anandan
17 August 2017 at 14:41
Dear Sir,
I have purchased capital goods out side India under EPCG scheme - Means customs duty is free me
As per suppliers -entry tax of Rajasthan/Other states is Nil in the condition of Customs duty is paid by customer.
So, please send the any article stating that exception of Entry tax is void any Imported goods..Please revert- Matter is very urgent...Thanks
kishore nair
14 August 2017 at 23:22
I own a plot of land in Mumbai and wish to sell part of FSI available on the land.to Mr. X. What are the tax implication on sale of FSI?
Will it be better for me to construct a flat and sell the same to Mr. X/
Please advice
Anonymous
13 August 2017 at 00:57
Sir,
I booked a 3BHK flat which was almost ready to move flat in chennai in Feb 2017 with service tax charged 3.75%,
Registration of property has been done in April 2017.
My builder asking an increased service tax of 4.5% in august 2017, few days before handing over. Is it appropriate to claim such increased tax as I signed cost sheet for 3.75% when I booked..
Also, there is an high court n Supreme Court judgement in 2016 saying service tax should not include land value of property.
Please throw some light in this issue, so that I may proceed further.
Regards
Dr. Vinoth
Tamil Nadu
drchellaiyan@mail.com
9999727167/9944894554
Shiv Gawale
12 August 2017 at 08:24
Sir,
My friend working at government sector, during 2015-16 he has donated some amount to xyz foundation. On the real fact is he has not donated any amount to said foundation, some amount pay to foundation like Rs. 5000/- and get Rs. 50000/- donation slip from said foundation for benefit of income tax. In this connection Income tax department call him and recorded all the statement along with 400 hundred more people. My friend said real fact to Income tax department and Income tax department said our target is foundation not you so said real fact to us.
Hence, my question is which action tankan by Income tax department to against my friend and what are the legal procedures to avoid any mishap?
Also guide me any legal procedure to pay some amount to Income tax department for avoid any legal action?
Ajay Agarwal
08 August 2017 at 20:45
Dear Sir/Madam
Please Resolve my Query
Situation-
Farmer�s Agriculture commodity sale on auction in Anaj Mandi (APMC) Haryana by Commission Agent (Kachha Adatiya) to other trader issue Form-J to farmer and Form-I to buyer as per Haryana Agriculture Mandi (APMC) Rules.
Questions-
1. Should Commission Agent (Kachha Adatiya) need to issue Tax Invoice to Buyer of Agriculture commodity on auction in addition to Form-I. (Form-I is equivalent to Sales Bill is it sufficient because in Vat Regime these was no need of issue additional Tax invoice)
2. Form-J issue to Farmer on Sale of his Agriculture Commodity on Auction and Commission Agent (Kachha Adatiya) does not take this into his Stock. Is this Purchase need to take/show into GST Returns.(because this purchase was not eligble to include/show VAT returns in Vat Regime)
Thanks
Ajay Garg
Nitesh Umate
08 August 2017 at 13:18
Can Catering service provider opt composition scheme under GST because he is also supplier of food?
akash agrawal
08 August 2017 at 11:54
helo sir, i am a b.com graduate from dr. bhim rao ambedkar university. now at present working as accounting pratiser..sir i want to become a lawyer in the field of taxation and to do my own practise..but sir i can't leave my job so suggest me some alternatives so i can get a degree of taxation lawyer..
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Capital gain tax
Few years back, i sold a land and bought an apartment using the capital gain amount to save tax under sec 54F. Now, after 3 years, i want to sell the apartment. For capital gain calculation, what is the base amount considered ?
land was bought for Rs 78000/- in 2003
land sold for 25 lakhs in 2012
Apartment bought for 25 lakhs in 2013
Apartment being sold for 32 lakhs now
Is the capital gain calculated as 7 lakhs (32 - 25) ? or
is it ~31 lakhs (32 lakhs - 78000) ?