YAGNESH HASMUKH DAVE
09 April 2014 at 13:02
THE JOINT VENTURE PARTNERSHIP CONCERN HAVING PAID INTEREST ON CAPITAL A/C INVESTED BY THE THREE AOP MEMBERS AND ALSO DEDUCTED TDS ON INT PAID ON CAPITAL. WHETHER INTEREST PAID TO PARTNERS AOP ARE ALLOWABLE AS DEDUCTION U/S 40(BA) AS THE JOINT VENTURE AGREEMENT ALLOW THE INTEREST INVESTED BY THE PARTNER IF NOT ALLOWABLE U/S 40 (BA) THEN WHETHER ALLOWABLE AS BUSINESS EXPENDITURE U/S 36 & 37 PL EXPLAIN ME BRIEFLY
Shwetansh
07 April 2014 at 21:07
I SELL MY GIFTED PROPERTY NOW , WHICH WAS GIFTED TO ME BEFORE 40 YEARS AGO FROM NOW.
WILL I HAVE TO PAY INCOME TAX ON AMOUNT WHICH I GOT FROM DEAL. IF HOW TO INVEST THAT AMOUNT TO SAFE ME FROM HIGH INCOME TAX ON IT
Rupesh
07 April 2014 at 20:05
Hi,
My mother is housewife and has no any other income source except interest on FD of 20 lakhs in a bank at 9% p.a. pls let me know is my mother liable to pay income tax on this interest income?
Thanks.
Rupesh
07 April 2014 at 20:01
Hi,
My mother is housewife and has no any other income source except interest on FD of 20 lakhs in a bank at 9% p.a. pls let me know is my mother liable to pay income tax on this interest income?
Thanks.
YAGNESH HASMUKH DAVE
07 April 2014 at 19:42
i have taken servicetax no in propriator concern as huf whether i am liable to pay service tax monthly or quartely and return also monthly or quartly pl explain
s.k.majumdar
07 April 2014 at 18:32
Dear sir
i)My parents expired in 1999 leaving one no. two storied House(1200sq ft) and agricultural land(20 bigha) in West Bengal without making any will.
ii)The above properties were purchased by my father in and around 1947 from another person.
iii)We are two brothers and three sisters being the legal heirs.
iv)Recently in the FY year 2013-2014 the said properties were sold for a total sum of Rs 30 Lakhs and the sale proceeds were distributed equally between the legal heirs i.e two brothers and three sisters.All of us submitted Pan card no at the time of sale.
v)Whether the above transaction will attract capital gain tax in the hand of the recipients? If so,how to calculate the tax in view of the acquisition of the properties made by my father in 1947 and the same sold in 2013-2014.
Kindly help and guide us.
s k majumdar
Audit Manager
D K Singh
07 April 2014 at 18:13
How we come to know that service tax paid to the builder or promoter has deposited the same against the same property.
Bibek Agrawal
07 April 2014 at 10:14
I had booked a flat on 19/02/13 by making a payment of Rs one lakh. after that made 30% payment on 25/04/13. balance 70% on 31/05/13 which in funded by bank. registration of my flat was made on 12/06/13. After one week of registration we started living in this flat. now the builder ask for payment of service tax. Are we liable for payment of service tax?
dinesh kumar
06 April 2014 at 15:01
HOW MUCH AMOUNT I CAN GIFT TO MY 65 YRS OLD PARENTS?IF MY PARENTS GIFT SUCH AMOUNT TO MY WIFE AGAIN.WHAT WILL BE THE TAX LIABILITY TO MY PARENTS AS WELL AS MY WIFE & MYSELF.CAN IT BE POSSIBLE TO DO SO FOR LOWERING THE TAX BRACKET. I AM IN 30% RANGE.MY WIFE NEEDS 50 LAC AMOUNT TO TAKE A PROPERTY.IF I CAN GIVE HIM DIRECTLY ,RENTAL INCOME OF THIS PROPERTY WILL CLUBBED.I HAVE MONEY. HOW IT CAN BE MANAGE IN MY WIFE NAME TO REDUCE THE TAX.
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Service tax
Dear Experts,
Kindly advise me that If a business man running his business of work contacts and his turnover is above 25 lakhs without getting registered under Service Tax ST-2, in A.Y. 2010-2011, 2011-2012, 2012-2013, and now in the year 2013-2014 he himself registered under ST-2,Now my question is according to Financa Act, 1994 any service provider whose turnover exceed 9 lakh have to get registered under Service Tax, Is the Service Tax Department can sent a notice of show cause for not getting registered under ST-2, before i.e. A.Y. 2010-2011, 2011-2012 & 2012-2013. Is in this above case a omission of law has been done from the assesse part.
Thanking you.