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Hetal N. Bhayani   16 July 2015 at 11:19

liability of sales tax in partnership of petrol pump

I have petrol pump in bhavnagar ,the sales tax department has seized my personal as well as current account.we r staying in mumbai .the people who are running the business is on our other partners instructions and we have a dispute with him so to trouble us he has fiction the situation by the people who are really looking in this matter as well we now came to kno that he has sold it and we have not received any profit or any amt of sold consideration .
Still on paper we are partner but the department has seized only my account.
So my question is why the other two partners are not liable equally to pay their part of tax. And if so then wht is the meaning of partnership??

VIKAS   15 July 2015 at 18:42

Regarfing income tax

Sir,
Thanks! in advance.
I filled ITR-4S for one of my client ay 2014-15 in November 2014 and TDS claimed recieved may 2015 Rs. 11220 with interest.
Now, few transaction has been put by Muncipal Committee and unclaimed TDS amount shows for same AY 2014-15.
Details are here:- MC shows now billing of Rs. 38 lac app. and TDS Rs. 26790
Earlier while filled ITR it was Rs. 10.70 lac and TDS Rs. 10788(recieved tds also).
NOW, TRACES 26AS shows Billing amount Rs. 26 Lac app. and TDS Rs. 26220
How can claim rest of the TDS?
How will show billing amount and rds claim?
Please help.
Regards

himanshu gupta   14 July 2015 at 12:01

Long term capital gain

My father purchased a property in ghaziabad in 1981 for Rs. 18000 now he sold that property in Nov.14 for Rs. 7600000 and he purchased a property in Gurgaon in the name of me and my wife for Rs. 7000000. Can you plz tell me what will be the long term capital gain on this transaction and what is the tax liabilities on this transcation

Ramesh kamar Mutneja   13 July 2015 at 13:41

Appeal in itat

Sir.In A.Y.1988-89.an experts order was passed by assessing authority against me
Then I appealed to commissioner.The commissioner passed the order and accepted the appeal. The department moved to tribunal againt the order of commissioner on 08/04/2003.Till date i am regularly searching the status on itat.on line.But till date they are showing First date (blank) other date (blank)Power of attorney
(blank)Heard date (blank)Order date (blank)
Now please advise me what should I do.Is any time limit or not?. I should contact them or the department will intimate me in future.pleas advise me. Thank.

Nirmalya Datta   13 July 2015 at 12:09

Income tax

Dear Sir,

I am a central government employee and my only income is from salary. On account of father's death, I will be getting around Rs. 6.40 lacs, due to the withdrawal of bank deposits where I was the nominee / joint holder. Out of 6.40 lacs my sister will be giving me aorund Rs. 4.90 lacs.

Please clarify the following -

1. Whether the above income will be taxable or not?
2. If taxable, what is the amount?
3. How to receive the payment from my sister - through a single cheque or multiple cheques.

Nirmalya Datta   13 July 2015 at 12:05

Income tax

Dear Sir,

I am a central government employee and my only income is from salary. On account of father's death, I will be getting around Rs. 6.40 lacs, due to the withdrawal of bank deposits where I was the nominee / joint holder. Out of 6.40 lacs my sister will be giving me aorund Rs. 4.90 lacs.

Please clarify the following -

1. Whether the above income will be taxable or not?
2. If taxable, what is the amount?
3. How to receive the payment from my sister - through a single cheque or multiple cheques.

Aditya   13 July 2015 at 09:48

About up state vehicle taxation.

Greetings!!

Hello! Myself Aditya. I am an employee under Indian Air Force, Agra.
I am planing to buy a car(LMV). But I will get a transfer to other state(mostly Karnataka) in next year.
My query is that can I pay UP gov. road tax for a limited period of time(for 1 year) or should I pay a life time tax.
If payment of tax for limited period of time is possible,will this rule also be applicable to states of Gujarat, Jharkhand and Haryana?

Im planning to buy the car trough Military Canteen.

MANOJ   12 July 2015 at 22:00

Service tax notification 25/2012 st

Dear Sir

One of our client is in manufacturer of Animal Feed / Poultry Feed. He is paying GTA – service tax under reverse charge on transportation of Raw Material & FG. Raw material which he is purchasing for manufacturing feed includes Rice , soya etc. Can my client claim exemption under notification 25/2012 which says as follows – 20. Services by way of transportation by rail or a vessel from one place in India to another of the following goods - (h) agricultural produce; (i) foodstuff including flours, tea, coffee, jaggery, sugar, milk products, salt and edible oil, excluding alcoholic beverages; or 21. Services provided by a goods transport agency by way of transportation of - (a) fruits, vegetables, eggs, milk, food grains or pulses in a goods carriage; Also word agriculture produce is defined in Excise. Can our client claim exemption in service tax reverse charge on transportation of Animal Feed on basis of this definition.

Thnak & Regards

Sanjeev Kumar   11 July 2015 at 16:14

Outstanding amount dues in itr of my expired father

I lost my father last month.Recently i got acknowledgement of ITR filled by him during last year in his file. It shows some outstanding amount dues for FY-2010-11. I donot have any knowledge regarding his Income tax returns. Now please suggest what i have to do?

lokesh agrawal   08 July 2015 at 14:40

About show my white money

i,lokesh agrawal, am an accountant & tax consultant,

now i want to know that my client having salried & he save money after all expenses paid in his income.

so, question is that how to show his saving like white money in proof of income tax views.

reply me & send me your contact to better advice.