Anonymous
18 June 2010 at 16:42
Senior citizen women (above 70 years old.she is house wife. No other income source)is having a land.
She wish to sale the land as she own self or her relatives are not able to look after the land due to various problems around.
What tax benefits she may get?
if she will get all the money in white?
The land is in her possetion from last 20 years & came to her due to will of her mother. Her mother purchased that land for her 45 years back.
mbarjatiya
18 June 2010 at 14:15
Respected Sir,
back ground : we have setup a new unit, which is in notified industrial area of NE, (a partnership firm) started production in 2006 and were availing exemption under 80IC, we manufacuture pan masala(without tobacco) and churna for pan(mouth freshener)in our factory
the IT officer say that to claim the benefit of 80IC, our unit should make substantial expansion then only you can get the benefit of 80IC, as you unit has not made substantial expansion, you are not eligible for exemption under 80ic, 80ic is applicable to the unit how have made expansion during the period specified in 80ic not the new units estabilised during the specified period
sir pls help me with relevant papers to prove that new unit are also eligible for exemption of income tax for 10 years under 80IC.
with thanks awaiting for your reply.
MANOJ JAIN
Sudeshna Basu
18 June 2010 at 09:05
Dear Sirs,
My father is a retired person and ants to buy an old house costing Rs 40 lacs. Please tell me the approximate amount of Registration and other taxes he has to pay.
Thanks and regards,
S Basu
Anonymous
17 June 2010 at 16:42
DEAR EXPERT
WHAT IS THE INTEREST RATE FOR DELAYED PAYMENT OF CST.
WITH REGARDS
Anonymous
17 June 2010 at 10:29
JK Govt. has put tax on each Hindu Yatri & Food Stalls while Central Govt. gives Rs.826 Crores for Haj. Why this difference in approach to the relgious pilgrimes, in the same country ?
Anonymous
16 June 2010 at 22:20
can anybody plz tell me how to pay tax .. my income in below 1,60,000 .. but still i want to pay a little tax .. can anybody help ??
Anonymous
16 June 2010 at 13:00
Whether mere loading,unloading of bamboo, wood within the premises of the service recipient without transportation outside is taxable under cargo handling services under section 65(23) of the Finance Act 1994?please also provide relevant citations to justify ur answer.
VINAY KUMAR MITTAL
16 June 2010 at 12:08
ONE OF MY CLIENT CO.HAS ENTERED INTO AN AGREEMENT WITH A ITALIAN CO TO ACQUIRE THE LICENSE FOR THE RIGHT TO USE `A SPECIFIC MANUFACTURING PROCESS` OF WHICH THE ITALION CO IS THE OWNER,ALONG WITH THIS THE AGREEMENT ALSO INCLUDE SUPPLY OF `PDP`AND MANUALS AND CERTAIN ASSISTANCE SERVICES.
SO, WHAT SHOULD BE THE WITHHOLDING TAX RATE.
Anonymous
15 June 2010 at 15:15
I was working for a multi- national bank for last 10 yrs but because the bank decided to close my business vertical I was offered severance package in lieu of continous service. I accepted the severance package and left the bank on 15/05/2010.
Now on 14/06/2010 i received my gratuity amount of approx 5.50 lacs on which the bank has deducted approx 67,000 income tax (30% tax on amount above 3,50,000).
My query is that if government has recently increased to non taxable limit of gratuity payment from Rs 3.50 lacs to 10.00 lacs then am I liable to pay income tax on my gratuity amount of approx 5.50 lacs.
Please share your opinion on my query.
Thanks in anticiaption of of your quick resposne.
Kind regards
Vijay Rana
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Profession Tax
Hi
If a person is director in two or more pvt Ltd companies & is paying Professional Tax on individual capacity.
ple guide wheather companies are liable to pay the professional Tax or not.