Arvind Pal
27 October 2014 at 16:58
Mega power projects are enjoying benefit of notification No. 12/2012-CE when the goods such as items of machinery, including prime movers, instruments, apparatus and appliances, control gear and transmission equipments, power cables used within the power generation plant, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of aforesaid items and their components are supplied to them. In the case of power cables there appears a condition that the power cables used within the power generation plant. The question why it has specifically been stated that the power cables used within power generation plant. Whether plant is separate from power project. Whether there is any scope for use of power cables other than power plant. Kindly clarify.
Khushal Singh Rawat
27 October 2014 at 07:57
In 26AS of my client shown extra TDS amount which is not related to my client. He informed his deductor about this. but his deductor no rectify till date. Now how is possible ITR return in this condition.
Khushal Singh Rawat
25 October 2014 at 20:54
Sir,
Pl tell me any type of online coaching in taxation after llb for skill development
Amit
24 October 2014 at 20:35
Hello Sir, I am paying EMI against home loan of 20 Lacs since Feb 2012. Now I am selling the same house in 36 Lacs. How much tax do I need to pay & how to save that tax?
Dinesh
24 October 2014 at 17:06
I want to know if one has to pay a tax on a house received as gift from a relative. If yes at what percentage and how it is calculated.
Also will the tax rate vary if the person receiving the gift has a share in another house already.
Thanks.
joseph
24 October 2014 at 16:47
sir,my employer was paying the works contract compounding at the rate of 3%. then the rate was raised to 6%.now it is 7% ACCORDING TO KERALA VAT ACT.I want to know the govt.order number for the change from 3% to 6% . please inform me soon.
Khushal Singh Rawat
23 October 2014 at 17:49
Sir,
Nowadays some clients received a notice from Compliance Management Cell New Delhi for non filling IT Return for AY 2011-12, AY 2012-13 and fill reason in 'Compliance' in incometaxindiaefiling.gov.in website. How can reply above mentioned notice while taxable income are below 5.00 Lacs with refund and IT return have not filed.
veeramani
21 October 2014 at 21:41
My friend joined a company on 6th Sep 2009 and he resigned and got relieved on 1st sep 2014. His employer has deducted 30% from his provident fund as tax (employee contribution). My friend says that since he has just 5 days to complete 5 years, the 4 year and 361 days should be rounded off to 5 years and no tax to be deducted. But employer is not accepting this.
Please clarify whether tax deducted is correct or not.
saikrishna
20 October 2014 at 17:40
A property has been actually bought by a person in 1980. He transferred to his son in 2012 by an irrevocable deed of settlement. The property is being sold in 2014 by the son. from when can the son enjoy indexation benefit from 1981 (or) 2012 ?
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Query on recent amendment on tax rules
Dear Sir,
I heard there is recent amendment of income tax related to long term capital gains. Can someone help in below case
1) I already have flat and staying in it (E.g. Flat A)
2) I sold plot (E.g. Plot B) and having long term capital gain out of sale proceed
3) I invest sale proceed of plot B in buying new flat (E.g. Flat C)
Can I claim Sec 54F benefit (relief from the tax on long term capital gains earned from property) for Flat C after recent amendment ?
Thanks,
Bhaskar