dasd
30 November 2009 at 00:23
Difference between
1. Memorandum of appeal & memorandum of cross objection
2. question of law & question of facts
3. tribunal & court
4. notice & intimation
5. Offence & penalty
6. prosecution & proceedings
7. opportunity of being heard ( in all notices except BJA) & sufficient cause
8. tribunal & court
dasd
30 November 2009 at 00:03
Whether rectification possible U/s 260A(HC))? If after giving decision HC or any lower authority find any mistake apparent from record then whether such lower authority inform HCt o make rectification
Whether rectification possible U/s 262 (SC)? If after giving decision HC/SC or any lower authority find any mistake apparent from record then whether such lower authority inform SC to make rectification?
dasd
29 November 2009 at 18:09
what is the difference between
penalty & prosecution
order & direction
notice & intimation
opportunity of being heard & sufficient cause
Anonymous
29 November 2009 at 12:57
Sir,
Pl. give me a latest judgement in respect of VRS taken under the exit option scheme of SBI. Kindly advice me whether the SBI Exit optees are eligible for exemption u/s. 10(10C) of I.T.Act or not.
Thanking you
C T Patra
Debashis Mandal
29 November 2009 at 01:51
Respected Experts,
one lady who retired RBI employee, took Early Retirement under a scheme fraimed by RBI which is as per RBIs letter not a VRS scheme in financial year 2003-2004 & therefore she was not able to take the benifit U/S - 10(10C) of Income Tax Act. & a big sum was taken by Income Tax authority from her as TDS,
Subsequently from IT Tribunal & recently from a High Court a decision was taken that such scheme is a VRS scheme as the scheme is satisfying all the condition of Sec. 10(10C)& therefore the scheme becomes eligible for deduction U/S 10(10C), which is subsiquently intimated by RBI to all the previous employees who took retirement under such scheme at that period,
Now as the demand for refund was not claimed at the time of submission of IT Return & also the time for Revised IT Return has also gone, so ITO has refered the case to CIT & an application subsequently demanded by & also submitted to CIT U/S - 119(2)(b)of Income Tax Act. 1961,
Now CIT is keeping the case pending & advising us to wait,
Now my question is -
1. Is there any time limit within which period such case is to be complete by Income Tax Authority?
2. Can CIT deny to give the benifit of Sec.10(10C)?
3. If CIT denies to give such benifit then what steps can we take?
Pls. answer the questions
Thanks
Debashis
praveen
28 November 2009 at 14:11
Hi
Pl. tell me how much amount I can get as GIFT from my father with no INCOME TAX LIABILITIES.
Also tell me the safe side of getting appx. Rs 1900000(nineteen lacs only) from my father.We are two brothers.
My father is gifting me Rs nineteen lacs after selling a plot worth Rs five lacs as per CIRCULAR RATES in DELHI.
Satish Manocha
27 November 2009 at 18:29
Will compensation received by assessee from her husband (ex) under court order, be taxable in India.
hussain
27 November 2009 at 18:16
sir,
i want now the latest suprem court order for devine leasing
Anonymous
27 November 2009 at 00:03
Sir,
We want to sublet part of our property. For that we have to pay subletting charges to midc, can we deduct this charges while computing income from house property.
I also want to know that from his propery we are doing business and brokerage paid for renting of part property can be deducted from business income or from income from house property.
Can u advice and give any case reference.
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appeal
whether appeal can be made by AO/dept to CIT (A)