Bikky Bagchi
16 July 2014 at 12:26
One of my client in Calcutta didn't submit the Hard copy of Quarterly VAT return for the month of Jan'14-Mar'14 to Dept.
Please suggest me what should my client should do and what are the consequences of Defaults in submitting Hard copy VAT return to the dept.
Thanks.
Raj Kumar
16 July 2014 at 10:41
Mr. A got a property through his father's will made in 1984. Further, a family settlement was executed in 1996 among Mr. A's family members in which the property was formally declared as Mr. A's property. Mr. A sold the property in FY 2014-15. Query : Can Mr. A get the benefit of cost indexation? Since it was an inherited property there was no cost incurred by Mr. A. Also, cost of acquisition is not available for the previous owner (Mr. A's father). Which year should be considered as the year of acquisition of the property for Mr. A.
Read more at: http://www.caclubindia.com/forum/cgt-exemption-for-gifted-property-298297.asp#.U8YHH4YW3LI
Pucki
15 July 2014 at 19:21
Should not deemed rent held void long time back? When there is no income, where the question arise of 'income tax'?
rajsinghkadyan
14 July 2014 at 21:38
Can a registration certificate under HVAT Act,2003 be cancelled on the basis of non existence ( fake ) of the declared place of business premises on an enquiry after one year of grant of RC
gautam
12 July 2014 at 21:32
recently, i have purchased a flat in delhi. i and my wife were the co-applicants while taking home loan. however, property has been registered in the name of my wife who is a house-wife. whether i can claim the tax exemption on the interest paid to the bank? before i posted this query to this forum, i went through some experts' opinion made on the subject. some say 'declare the property as benami transaction'. some say 'take whole of the property as gift from wife'. another option is to become co-owner.
plz suggest what course of action should i opt. i have to take tax exemption.
i m the main applicant in the loan, mr dhingra
thnx
curious123
12 July 2014 at 17:35
I have sold a property after 8 years of its possession. I know I can use the indexed value of initial cost price of the property for calculating long term capital gain. I can also include (a) any expenditure/expenses done on the property's improvement, renovation or maintenance (b) expenses on selling the property like agent's commission, lawyer's fee etc. My queries are:
1. Do I need to submit proof for the expenses on the property? If yes, most of the time either we do not keep the bill or we do not get bill for not-so-expensive civil works. So in this case, what is the provision?
2. Can property tax, society maintenance bills be included in the expenses?
3. How do we get the indexed value of these expenses spread over years?
navin pujara
11 July 2014 at 12:58
One of the professional is charging consultancy fees on the basis of per day and separate invoice for travel expenses at fixed rates and without any supporting of travel expenses claim. Would like to know provision related to TDS i.e. whether to deduct TDS on travel expenses reimbursement invoice or not as 10% deducted on invoice of professional fees.
Dhirender Wadhwa
10 July 2014 at 23:44
my bank has been deducting tds on the fd and other interest in my saving account but no intimation or certificate was issued.. also no entry of such deduction reflects in passbook..
now I came to know of the deductions for the past 4 years.. can I claim these tds in my current itr. kindly help
Krishanu Majumder
10 July 2014 at 15:43
Dear sir, I have some queries about capital gain from sale of house. Those are following-
1) assessee purchased a flat with his own money but a portion of selling consideration was received in his bank and the rest was in his wife's bank, who is a housewife and was not involved at the time of purchase.
2) they booked a new flat and the payment was made from his and his wife's bank. How to show this gain? Should his wife need an it file?
3) father purchased a house that a son inherited and sold? Should it be capital gain? If Yes? What's the cost price? Is it the price his father purchased with?
4) sale deed is signed on march14 but sale considerations is received on april14. For which year it will be capital gain?
5) assessee encashed the sales considerations in normal savings account though he booked a flat within 2months of receiving the cheques. Can he get exempting u/s 54? pls reply soon.
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Service tax on ex-works charges
Dear Sir,
One of my friend has imported some consignment from Vietnam on Ex-works basis and now the forwarder is charging Service tax on all Ex-works charges in India.Please clarify does S.Tax is applicable on Ex-works charges?
Please reply on my Email ID : kaushikabhay63@gmail.com