Hello experts
1)When i was reading the direct tax code, 2009 a section say that between the assessee and the ITO, A.O. Or any higher authority will be designated as a civil court . so can i say that the conetmpt of court act, 1971 is applicable if any contempt occurs.
2) as i it also say that between the assessee and the ITO, A.O. Or any higher authority any proceeding will be considered as judicial proceeding so i think that the conempt of court act, 1971. also pls tell me what is the meaning of judicial proceeding.
Thanking u all experts in advance.
Please answer this
a) What is the taxability of alimony received from ex-husband under mutual settlement
b) What is the taxability for income earned on FD for the minor son from ex-husband towrads his maintanence under mutual settlement
regards
iam a widow lady ihave purchased a residential plot in april 1994 for rs. 147500 and after that i have paid 212422 as enhancements and convyencedeed expenses and i sold it on feb-2010 for 2600000 and paid 100000 as comission to property dealer and after that i have purchased a booth(commercial)in feb 2010 please calculate the l.t.c.g and is there any benifit for widow lady in income tax..
Hi
i need clarification on the taxability of undivided share of land on the sale of flats.
Sir,
we are purchasing cartoon with a specfic lenth and design but between me and party there not any contract for that in this case T.D.S is applicable or not please sugges me and one another thing that one party is charging only Vat @4% and another party is charging Cenvate Payable @8%the Ed Cess 2% sec cess 1% after all this tax inculding materail value on that they charge us 4% vat.
Thanking You
sir, my anual salary is 3,00000/-& saving was 60,000/- in the year and my office deducted a amount of Rs 9000/- from my salary as income tax. i got fixed an amount of Rs.95,000/- in tax saver fix deposit of pnb as advised by my office dealing clerk. what amount i can get bac
MY FATHER DIED INTESTATE.NOW AS PER INHERITENCE ME,MY MOTHER & YOUNGER BROTHER ARE THE LEGAL HEIR OF MY FATHER'S HOUSE.DUE TO SOME REASON WE WANT TO SELL THE HOUSE.NOW AFTER SELLING I WILL BUY A HOUSE IN MY NAME ONLY.NOW THE MATTER IS THAT OUT OF THE SALE PROCEDDINGS WE THREE ARE THE 1/3 SHARER OF THE AMOUNT EACH.IF I PURCHASE THE HOME IN MY NAME ONLY THEN MY MOTHER & BROTHER WILL COME UNDER LONG TERM CAPITAL GAIN.BUT WE WANT TO UTILISE THE FULL AMOUNT FOR PURCHASING OF NEW HOME.MY QUESTION IS TO HOW TO SAVE CAPITAL GAIN TAX FOR MY MOTHER & BROTHER OTHER THAN INVESTING THEIR PORTION IN ANOTHER PROPERTY OR INFRASTRUCTURE BONDS?
PLS HELP.ITS URGENT.
sir,
my saving was 60,000/- in the year and my office deducted a amount of Rs 9000/- from my salary as income tax. i got fixed an amount of Rs.95,000/- in tax saver fix deposit of pnb as advised by my office dealing clerk. what amount i can get back from income tax department and can i get the refund premature from what i invested in fix deposit.
I am in a business of trading in yarn. I purchase the same quantity as I get order. e.g. I have order of 100 bags of yarn and I purchase the 100 bags only. I do not have opening or closing stock.
Do I have to maintain gross profit ratio
or
the gross profit ratio is not applicable to me.
Please guide me.
excise - n/n 214/86
is it true dat................. exemption of 214/86 is availaible to job worker only if it is an intermediate goods for principal manufacturer?
or it is availaible irrespective of dat d goods r final product or intermediate goods 4 principal mfrer....