ashis talukder
08 February 2016 at 12:19
"A" - a salaried person having net Taxable Income Rs.4,25,000/- p.a. purchased a flat in Kolkata for Rs.12,00,000/- (original transaction value) on April 2015, but stamp duty was paid on Govt.Value of Rs.20,00,000/- at d time of Registration (i.e. April 2015), agreement was made before 3 yrs. Would u plz guide is there is any Tax liability?How much?What will b d procedure?Is d new sec 56(2)(vii)-INCOME FROM OTHER SOURCES is applicable? Thnx. Regds.Ashis.
vipul
08 February 2016 at 00:19
I have joined a sole proprietorship. I have to give salary bifurcation . One of our employee is getting 35000/- per month and i gave following bifurcation.
Basic 50% = 17500
DA 10% = 3500
HRA 40% of basic + DA = 8400
Transport Allowance = 1600
Children Education Allowance = 200
Special Allowance = 3800
Actually I had bifurcate 35000/- as on random basis.
My question is whether this %age is correct or i have to follow some fixed %age if any recommended by Act....??
Monesh Agrawal
07 February 2016 at 15:06
Sir
mera return timely deposit hai uske baad bhi mujhe ek notice received hua tha return submit nhi hai ka jiska jawab maine department ko de diya tha uske baad bhi mujhe ex-party order u/s 54(1)(1b) mila hai is related jb main Asstt commissioner se mila to unhone mujhse kaha ki u/s 31 me application dene ko .... So plz u/s 31 me kya application dena hai mujhe suggest kre agar iska format ho to plz provide karaye...
thanx
Rajeev1978
06 February 2016 at 17:24
What will be the tax implication in sale of a plot of land around 35 lakhs for a , house wife & senior citizen (around 65 yrs)who is a pensioner, drawing the pension of her late husband to the tune of 1,80,000 (p.a.),which she later wants to invest in a commercial property in a years time ?
ashis talukder
06 February 2016 at 17:21
"A" salaried person from Kolkata,after all deduction net taxable income Rs.425000/-have purchased a flat on April 2015 for a transaction value of Rs.1200000/-(Reg.Value Rs.2000000/-on which stamp duty+fees paid),Plz guide whether "A"have to pay any tax?What to do/procedure to follow.Thnx.
Is there any effect of the above mentioned new section? & how much?
pradeep
06 February 2016 at 12:59
I have received first summons under 108 customs act to give evidence and record statement but I am working out of country and is not possible to come now.what should I do? what is the procedure?
pradeep
05 February 2016 at 00:39
I have received a first summons under 108 customs act to appear for witness. but I am working out of country and is not possible to get leave.what should I do? what is the legal recourse for me?
rameshbaliramlute
04 February 2016 at 20:50
Nowadays bank not accept multiple challan in single day, having same TAN No, Assessment year , Minor head, Nature Of payment etc., as advise by CBDT Audit Deptt. Is there any Govt/RBI Notification in this regards. Kindly advise.
gopinathan
04 February 2016 at 17:40
A contractor made evasion VAT 12 lakhs to tamilnadu State govt, by furnishing forged documents as signed by commercial tax officers.This is has been found through RTI documents. What will be the legal proceedings against the contractor.
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Gift tax
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