A.vinoth
27 November 2016 at 08:01
Our family property of 5 acre agri land. Our doc titled as agri land but in sale doc word ' agriculture land ' was not mentioned by the buyer in his doc. My query's that sale of our land come under capital gain tax ?
Sir,
Receipt of showcause notice was on 26-09-2016 where in 7 days time(within 7 days) was granted. I submitted the reply to the showcause notice on 03-10-2016. But the assessing authority says the reply should have been submitted on 02-10-2016.Hence, kindly clarify as to what will be the correct due date ie.is it 02-10-2016 or 03-10-2016 in this case.
Normally, the day on which we receive the notice- will be it be counted or not to be counted.
kindly clarify
when appeals are made to the higher forums seeking the relief on certain issues that were raised at the the time of show cause notice as well as assessment order, whether the appellate authority should decide the case on the issues which are raised supra, but appellate authority is bringing in the new issues which never discussed either at the show cause notice nor at the time of assessment order. Is it correct ?
Dear Sir,
I do not know what you thing about it after read this Query. But I need Clarification.
Recently one of my friend asked at me.
In a company can we use voucher or IOM ( Inter Office Memo)in ( one side) used paper ( availability of more (one side) used paper)
He argued with me. Any legal provision is there to restricted to do not use one side paper for IOM, Voucher , GRN ( Goods Receipt Note) etc.
I told him that is procedural aspect and will check legal provision for that.
I request you to give any legal provision in this regard it is helpful to me.
S.Raj
noor alam
11 November 2016 at 23:46
My mother have ancestoral agricultural land since 25 yrs in village at a distance 25km from city. In the month of July- Aug 2016 they sold the agriculture land in 1500000. Please guide me whether these amount is taxable or not? and also tell me how to show these amount ,my mother is illetrate house wife and have no any bank account ,is this amount credited to my father account?
Riya
10 November 2016 at 20:07
Respected Sir, Please provide me your opinions: My Client is running a business of Tax Payment Services and engaged in consultancy business having a valid Trade License, my question is he is maintaining Current Account for transaction and he use to collect cash from different client and he paid the online tax on behalf of his client such as Income Tax, Service Tax & VAT Tax. Secondly accepting of Cash and making of online payment in favor of Direct Taxes and Indirect Taxes against which he charges Rs. 50/- as tax payment charges for each transaction, is there any wrong in the above business, or is their any violation of provision of Income Tax or any other Law. Please advice me.
This case is not academic and it is very much use in practical life.
Sangeeta
10 November 2016 at 12:47
Respected Sir, Please provide me your opinions: My Client is running a business of Tax Payment Services and engaged in consultancy business having a valid Trade License, my question is he is maintaining Current Account for transaction and he use to collect cash from different client and he paid the online tax on behalf of his client such as Income Tax, Service Tax & VAT Tax. Secondly accepting of Cash and making of online payment in favor of Direct Taxes and Indirect Taxes against which he charges Rs. 50/- as tax payment charges for each transaction, is there any wrong in the above business, or is their any violation of provision of Income Tax or any other Law. Please advice me.
Abdul Jillani
10 November 2016 at 00:11
I have 27 lacs in cash, as my father was expired in sept2014 and after that we have received Rs.16lacs from SBI PPF, Rs.6lacs From LIC and Rs. 6lacs from SBI Life insurance. And I withdraw all money for marriage of our single sister. Will any problem in depositing the money back in bank.
nemish jain
05 November 2016 at 18:17
HELLO SIR,
I HAVE A TRADING CONCERN WHICH WORKS WITH CORPORATE GIANTS
THE OBJECTIVE OF OUR CONCERN IS TO BUY SCRAP FROM THE CORPORATE AND TRADE THE SAME
IN THE PROCESS OF THE SAME TCS@1% IS GENERATED.
FOR THE A.Y 2015-16 MY AMOUNT OF TCS REFLECTS TO BE 5 LACS AFTER BEING SET OFF OF TAXES.
THE REFUND WAS ISSUED BUT IT COULDN T BE PROCESSED DUE TO WRONG ACCOUNT NUMBER.
SO I DRAFTED A COMMUNICATION STATING MY CORRECT ACCOUNT NO ALONG WITH CANCEL CHEQUE
(THE ABOVE PROCEDURE GOT COMPLETED ON 1ST SEPT)
BUT STILL AS ON 5/11/16.
MY REFUND IS NOT YET RECIEVED
I APPLIED TWICE FOR E-NIVARAN, WHICH HAS TWICE STATED "ISSUE RESOLVED"
WHEN I HAVE COMMUNICATION WITH CPC THEY PROVIDE THE STATUS OF REFUND BEING
"REFUND UNDER RESPONSIVE SHEET"
I AM HEARING THIS STATEMENT FROM 2 MONTHS
WHAT SHOULD I DO NOW FROM MY END,BESIDES WAITING FOR A LONG AWAITED????
Tax demand of salary employee as tds not shown in 26as
One of My client is a govt. employee. He got form 16 from Employer for A.Y.-2014-15 in which 18000/- TDS deduction is submitted.But 26AS does not show TDS submission. After filing Return of A.Y.-2014-15 online he got notice from CPC as demand tax of Rs. 18000/-. Now How he will rectification U/S 154 will file online as 26 as does not show tax credit? Please reply anybody.