balakrishna vagicharla
28 July 2014 at 12:00
I have acquired my ancisters property in khammam.In muncipal records it is showing only 49 sq.yards accordingly property tax has been paid from the biginning but my actual site measurement comes to be 103 sq.yards.shall i approach muncipal authority to recheck my house measurements and update taxation or can simply leave it as it is. if i want to construct a new house will they grant plan approval for 103sq.yards.tell proper procedure to legalise this matter.
with best regards
balakrishna vagicharla
Bhaskar
26 July 2014 at 10:27
Dear Sir,
I have plot which I am planning to sell in next few month around 60 lakh. I have booked one flat of 75 lakh last month where I am going to get possession by next year end. Can I get income tax exemption on plot sale as I have bought flat recently ? or new property booking must happen only after old sale then only can claim tax benefits ?
Thanks in advance,
Bhaskar
Nupur
25 July 2014 at 22:50
Hi,
Last year (Aug 2013) I have purchased a flat from an NRI via his GPA holder (his father). At the time of purchase he didn't provide PAN number as he has no PAN number with him. But he told that he has already given an application for PAN to Income tax department. However he has not received the PAN yet. so my query is
(1) What are the option available to me if he doesn't provide PAN. He has already given TDS (1% of sale price) money to me.
(2) Can I submit TDS using GPA holder's PAN number ?
(3) What next step should I take to safe guard my interest.
Thanks,
DEBDULAL PATRA
25 July 2014 at 21:59
I want to Know about the profetional tax slab for madhya pradesh in details
Rupesh
24 July 2014 at 22:16
Hi,
I am planning to open fixed deposit in bank next month. As per my knowledge, form 15g should be submitted at bank in beginning of year to avoid TDS. but in this case how can i avoid TDS as my FD will be opened in mid of the year. Is there any fixed timeline to submit for 15G?
thanks.
arun
24 July 2014 at 13:24
sir,
i was allotted house(Rs 18 lakh) in 2007. I got the possession and i did conveyance deed in March 2011. i sold the house( 29.50lakh) January 2014 and purchased new house in resale of Rs 65 lakhs (part payment of Rs 16.50 lakh before 31 March 14 and rest in april with bank loan of 42 lakh, conveyance deen in april) i also deducted TDS and paid to IT dept.
sir, do i have to pay Short term/long term capital Tax. if yes in which FY if no, do i have to intimate IT dept through any form?
arun
jatt
23 July 2014 at 19:46
I have recently received my mothers family pension. She passed away in year 1992. I have received pension from 2004 to 2010. She was in mns services of armed force. There was no deduction by pcda. But my bank deducted tax on it. I want to know few things:
Is there exemption under any section of IT act for my case?
If sec 10(19) applies.
Please provide me the correct tax liability?
NITIN GOYAL
23 July 2014 at 01:48
Sir,
I am a advocate practising with Agra and today I am facing trouble about my client case that:
My client is having business to supply building material (cement, brick, saint etc.) to various govt. departments and they provide him various yogna and rate, qty to which he will supply to them.
In the particular F.Y. my client supply the above mentioned material to them and they deducted TDS & Trade Tax i.e. 2.25% & 4% on total value of supplied material. Because all rates and quantity provide by the dealer he has billed to them with inc. vat, freight etc rate but now the problem is at the time of case present to the concerned off he was not agree that all goods which supplied to them are inc. vat and he raised a demand notice to stated that the assessee has not charge any vat on all supply and he have calculated all tax on total supply. Here, I am giving you some example which can easily understand by you:
MR. X supply one bag cement @ Rs. 325 (inc. vat) to Mr. Y in this case vat liability comes to Rs. 44 (approx) @ 15.50% vat rate.
But officer comes to note to charge tax on full amt of Rs 325 i.e. Rs.50
So this is my query that at what position what amount of vat is considerable.waiting for your reply.
gudipati nagaraju
22 July 2014 at 20:25
Dear Sir / Madam
Please help me out regarding the subject.
From where can I get a Affidavit for DOB to apply for PAN card ,
And how much It will cost
Thank you in advance
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Not deduction of tds , late deduction
Sir,
I have a query about TDS Not deducted FY (13-14) by a educational Institution for the FY they want to proper procedure of TDS
Is it possible what is the requirement , how much penalties will be charged.
Regards
DEBDULAL PATRA