BASISTHA DEHURY
30 May 2016 at 13:39
Sir,
How much stamping & other fees is required to be affixed on vakaltanama in case of hearing before Income tax authority ?
Do I have to pay Income tax when I get the money back from my future plus policy?
I bought this policy in 2015.
dharmendrajoshi
28 May 2016 at 14:37
sir query regarding chitin used as ingrendes for medipharma company for prepareof glucose.please specify rate of tax under ovat act 2004.
Srinivasa
28 May 2016 at 13:33
Sir/Madam,
We (my family) own two industrial units in Bangalore. And both are located in residential areas.
We have been paying property tax every year at the applicable commercial rate and we never had a problem - until now.
A couple of days ago, an inspector from BBMP visited our factory premises, measured the built up area and told us we have been paying taxes at the residential rate and not at the commercial rate. This is false.
He also told us we will be levied a penalty from 2008 till date and t hat we have to pay a penalty of Rs 10 lakhs.
When we protested, he told us he would be sending us a notice shortly.
I get the feeling he was expecting a bribe - which we are unwilling to pay.
In the past, inspectors would visit our factory, take the measurements of the built up area and let us know the tax we had to pay.
They never gave us an assessment order.
What are our options now?
We have been paying our taxes every year and we have all the tax paid receipts.
Any help in this regard would be very much appreciated.
Thanks!
uzair
27 May 2016 at 07:06
WHERE 'A' SOLD A PROPERTY AND MADE LONG TERM CAPITAL GAIN, HE DEPOSITED THE AMOUNT IN CAPITAL GAIN SCHEME ACCOUNT, BUT COULDN'T UTILISE THE SAME, SO IT BECAME TAXABLE AFTER 3 YEARS, HE TOOK A LOAN AGAINST SUCH AMOUNT DEPOSITED, WHICH IS NOT PERMITTED BUT HE SOMEHOW DID, SO IS THE EXEMPTION WITHDRAWN BY SUCH ACT.???
chandra sekhar
26 May 2016 at 20:56
Petitioner filed the revision petition alongwith stay order petition before the learned CCT Jharkhand for 2010-11 on December, 2014 but date of hearing is not fixed till date. While circle in-charge issued notice against petitioner for recovery of demand or submit copy of stay order for the aforesaid period. And if such order is not submitted, recovery proceedings may be initiated by him.
We humbly request all the superiors to guide us regarding this matter with reference to court case.
Naveen
25 May 2016 at 22:39
Dear All Concern
There is an issue that for import of glass Charon's in India what is the correct classification as per Customs Tariff and what rate of duty currently applicable for import of glass Charon's??? I have read somewhere and also of the opinion that glass Charon's must be classified under CTH 70181020 and CVD exemption also allow on said goods. But today after so much argument with Appraiser and A/C at ICD TKD PORT they denied the declared CTH 70181020 and change to 70181090 with full rate of duty and assess the B/E. So I request you to all that if you have any material (Documentary/Legal/Judgments/Arguments etc.) By which we can fight or going to appeal in subject matter. Please share you comments/suggestions.
Best Regards
Naveen
Prithvi
24 May 2016 at 16:54
A Public Charitable Trust which is NOT REGISTERED under section 12AA of Income Tax Act, is assessed as AOP. So can it claim expenses and put to tax, the surplus as an AOP ?? (Income are in form of Government Grants for projects , and Voluntary Donations ). For example, if Receipts is Rs. 500000 and exp are Rs. 300000, so what is the tax to be paid and at what rate ??
Please Guide .
Muralidhar Chekuri
23 May 2016 at 11:10
Recently, our company which is PSU has received a demand for payment of house tax levied under the AP Gram Panchayat Act, 1994. Please explain how to process the demand.
Service tax
Dear All ,
From 1st June 2016 Krishi Kalyan Cess is being applicable @.5% .
Krishi Kalyan Cess is applicable on all Billing from 1st June 2016 .
Please advise whether I am entitled to recover Krishi Kalyan Cess on previous debtors also .
Regards
Sandeep