Taxation queries [Resolved] [103]

yagnesh dave 01 August 2015 at 12:18

Taxation

I AM HAVING AGRICULTURE LAND DISTANCE AT 11KMS FROM GRAMPANCHAYAT /MUNCIPALITY OFFICE AND POPULATION IS 10,000/- WHETHER ON SALE OF AGRICULTURE LAND CAPITAL GAIN TAX ATTRACT OR NOT PL REPLY

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Rashid chowdhary 01 August 2015 at 02:06

Sec 10 (26 A ) tax exemption fot ST posted at leh ladakh reg

Is Schdule tribe employees from other parts of country are exempted from tax who are posted at leh. ?

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VIKAS 31 July 2015 at 18:10

Regarding delay of vat r-2 haryana

Sir,

One of my client got Tin No. in Jan 2014 and filed Vat return in April 2014 NIL(no sale purchase).Due to lack of knowledge regarding ST they had not filed R-2 annual return for 2013-14.

Now, deptt. ask to filed R-2 return, with penalty Rs. 200 per day(orally).Amount becomes very heavy and they asked for the assessment of the same also.

Sir, client has no liability of tax during that year becoz no sale purchase.

Please suggest how to tackle?

Monday need to be appear.

Regards

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PARTH 29 July 2015 at 01:03

Can a rectified return u/s 154 be revised u/s 139(4)?

Mr X have filed ITR-1 for AY 14-15 within due date. He has claimed relief u/s 89(1) in the ITR which was not correct. As a reuslt the same was disallowed by CPC in the 143(1) initmation order. Later on, he applied for rectification of return u/s 154 online by correcting the amount of relief u/s 89(1). However the rectification was rejected and the case was transferred to the jurisdictional Assessing Officer. Can Mr X now revise the return instead of applying for rectification u/s 154 to Jusrisdictional A.O. WIll CPC will process the revised return or will CPC reject the return stating that rectification of the original return is still pending with AO?

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ramakrishna.r.b 28 July 2015 at 22:20

Capital gain

Respected Sir,

Gandhibazar Bangalore Property - sold details
My Mother (Late) Smt.Rangamma had Self-acquired Property at gandhibazar Bangalore My mother died Intestate on 15-05-1996 leaving behind 6 children who are all married . I am the 4 th child to my mother. My name is Krishnamurthy My Father (Late) Sri srihari expired on 02-05-1994.
We sold the above mentioned property after getting our mother’s property changed into our names to satish on 16-02-2015 for a total sale consideration of Rs 1,26,00,000 measuring 1338 sft. (balance land & Bldg left out). We paid TDS in the account of Krishnamurthy for a sum of Rs 1,26,000/-. Balance Amount of Rs 1,24,74,000/- was divided into 6 parts and I received Rs 20,79,000/- my share.
My mother purchased this property on 28-Apr-1954 for Rs 2000/- and 25-07-1959 for a Rs 400/- only.
My Apartment in rajajiNagar Bangalore - sold details
I had purchased a Flat on 24-02-1999 at rajajinagar for a total purchase consideration of Rs 8,50,000/- and sold the same to Sri manjunath on 30-04-2014 for a total Sale consideration of Rs 46,00,000/-- 1165 sft - 2 BHK apartment
New Apartment in yeshwanthpur Bangalore - Purchased details
I have Purchased a New Flat yeswanthpur bangalore, for a sum of Rs 47,50,000/= and paid Rs 3,13,500/- towards Stamp and Registration Expenses and paid Rs 4,18,000/- towards Vat and ST by way of cash to angad Properties (Builders) on 02-Mar-2015 – 1670 sft Super built-up Area.
Remarks : The entire Sale proceeds of my earlier Flat at rajajinagar and My share which I have received from ghandhibazar property has been completely utilized in purchasing the New Flat at yeswanthpur within 1 year from the date of Sale of my flat . I am a retired person I do not have any other income other than getting a small pension of Rs 6,000/- (Appx) per month. Am I eligible for Capital Gain Tax

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Punit Kumar 28 July 2015 at 14:58

Sales tax

Sir, i want to know that Is it possible to know outstanding sales tax on my firm with the help of TIN.

thanks in anticipation

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denis 28 July 2015 at 13:02

Profession tax duplicate no assessment notice

We got notice from Profession tax department Assessment notice, which they had allotted us duplicate no 2737511543p which was already submitted cancel request for PTRC no. how to reply to PTRC department

Thanks & Regards

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yagnesh dave 27 July 2015 at 13:46

Taxation

I AM HAVING ALREADY ONE RESIDENTIAL UNIT I HAVE SOLD SHOP DURING THE YEAR HELD BY ME FROM LAST 10 YRS AND FROM SALE PROCEEDS OF SHOP I AM PURCHASING ANOTHER RESIDENTIAL FLAT WITHIN ONE YEAR WHETHER EXEMPTION U/S 54F IS ALLOWEABLE OR NOT

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bhat 24 July 2015 at 21:40

Tds form

i have received interest on fixed deposit from nationalised bank. How do I know that the bank has deducted TDS from my fixed deposit?

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bhat 24 July 2015 at 20:24

Form c

Interstate purchase bill at concession rate of 2% against Form C, has not been accounted,for the year 2014-15, but payment for the same has been made.

Now the vendor is insisting to issue Form C, what is the procedure to be adopted.

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