Arati Gawde
14 February 2010 at 09:29
What is stamp-duty charge on gift-deed from mother to son , if gift is cash amount around 5,00,000/- ( Transaction is in Mumbai) ?
PARVEZ RAFIQUE SHEKHANI
13 February 2010 at 21:17
Sir, i wanted to know, 1]how a property dealer is taxed under income tax act; 2]what are the expenses allowable and 3]how his income is computed under the head "income from business & profession"
Anonymous
13 February 2010 at 20:06
my sir, ask m 1q. i give some black money 3corer rupees,which way u convert all black money into white or how many types the converting.
converting on market base only means cash only
abc give u 3cr.convert into white money on 7 days,whiteout paying any tipes of tax
Anonymous
12 February 2010 at 22:03
Hi !One of my friend entered into sale agreement with a Builder in the year 1994- he paid about 80% of the amt by 2000. In the year he executed another agreement with a Builder for payment of stamp Duty and registration of document.
My friend sold the flat in the year 2002 to a third party- my friend showed the Gain on the ransacion as ong term capital gain and invested the amt in tax saving bonds
The ITO at the time of assessment treated the amt as short term capital gain computing the period of holding from the second agreement instead of 1st agreement citing the date of possession is the date from where the period o holding is to be counted.
The second agreement is verbatim reproduction of the 1st agreement, however no mention of this agrement is made in the second agreement-however the mention of the 1st agreement is made in the sale agreement executed in the year 2002.
My query is- if the stanad of ITO is correct.
I understand the definton of Capital Asset also inludes the right in the property- pl give some ctiation case laws to defend before appellate authorities.
R.Manivasagan
11 February 2010 at 21:48
Sir, is it mandatory to get the "No Objection Certificate" from the Income Tax Department as per Section 296 B(c) of Income Tax Act when the property value exceeds, Rs.25 Lakhs and above. Please clarify me.
prasad
11 February 2010 at 11:02
Service tax for the quarter jan - March needs to be paid by 31st march By individuals & partnership firms.My client runs a beauty salon & will be serving to customers till 31st night. Then how is it practically possible to pay the service tax to be collected on the 31st on the 31st? Pls guide me.
SUBHASH SHARMA
10 February 2010 at 15:46
I HAVE RECD ONE BILL OF TRANSPORTER FOR RS. 18,500/- HE DOES NOT HAVE SERVICE TAX REGISTRATION.
SERICE TAX HAVE TO DEDUCTED AT WHAT RATE.
THANKS/REGARDS
SUBHASH SHARMA
Pallavi
10 February 2010 at 10:57
Dear All,
Good Morning,
As I work for a private company in Bangalore as HR, we have an foreign employee working in our office in Business Visa now our company is planning to convert his visa to employment Visa, can you all please let me know what are the terms and conditions to appoint him in contact employment and also let me know the taxation, his salary will be paid by our company and claimed later from the client.
Thanks
Pallavi
MOHD. SAIF SIDDIQUI
10 February 2010 at 00:48
notices have been issued to dealers of claiming provisional refund of sales made agst. Form H,denying provisional refund on the basis of high court deciss. on monga rice mills case, and case of m/s neeru enterprises. does above cases apply in u.p. vat where sec. 41 is clear regarding refund.
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Credit Worthiness
Dear All,
Assessee has received gift from natural love and affection from XYZ of Rs. 40000/- on 14.07.2004 and Rs. 15000/- on 10.05.2004 by DD. XYZ had given the affidavit and confirmation on the stamp paper of Rs.100/- and Rs. 20/- respectively that she had given the assessee sum of Rs. 55000/- as a gift. the Case is lying with cit(a) where the cit(a) is asking for credit worthiness of the Donee.
Can any one tell some related case laws against this.