Prasad Kumbhojkar
23 March 2014 at 18:59
1. I purchased Flat No. 1 in 1998, possession of which I got on 1.1.2000.
2. I purchased Flat No. 2 in 2002 possession of which I got in March, 2003.
3. I sold Flat No. 1 in January, 2011 & had a Capital Gain of Rs. 13.5 Lakhs from the sale.
4. I invested the Capital Gain in SBI Tax-saving account.
5. In 2013 March, I purchased another Flat (Flat No. 3) for Rs. 80 Lacs and invested the entire sale proceeds (Including Capital Gain) for purchasing this flat and borrowed a sum of Rs. 65 Lakhs further.
6. The possession of Flat No. 3 is due in June, 2014.
If I sale Flat No. 2, within one year of occupying Flat No. 3 then can I off set Capital Gain from this deal also; if I apply the Capital Gain for repayment of loan, will I be eligible to claim it Tax Free?
shine
23 March 2014 at 02:59
Hi,
I am a salaried employee. I have been abroad during the IT assessment year 2009-10, and returned after a year. From then i missed filing the IT return and it got piled up. What can I do now to clear all my dues in filing returns? What is meant by time barred return filing? I am ready to pay any penalty but need to clear my liabilities.
Please help.
Thanks
Shine
Abhijeet
22 March 2014 at 16:39
There is lot of confusion about VAT payments of residential flats which were bought between 2006/2010. My question is about recent modification announced for calculation of VAT on flats during that period.It came in news paper that now there are 3 slabs for payment of VAT which are 100%, 55% and 0% depending on at what stage you bought the flat. My builder is saying that this is applicable for one of the three methods earlier announced in which 5%flat VAT was collected. Is this true or is it applicable across all methods of VAT calculations?
Please advise.
Thanks & Regards,
Abhijeet
purushotham
22 March 2014 at 12:44
dear sir am working railways on 10.3.2014 my personnal branch issued on letter to pay outstanding income tax Rs 9262/- for the year 2013-2014 in precribed IT challan.the TAN of Sr.DFM,BLRS14403E should invariably be quoted in challan along with your pan.
here am in confusion which Form i have to fill 280 or 281 please confirm
Sourav Roy
20 March 2014 at 18:00
My mother want to submit ITR4 for 2013-14 as a professional trader.So I want to know is audit is mandatory for my mother just because she not able to earn more than 8% of her total turnover(Say turnover 6 lac)even though she is not required under sec 44A.Kindly suggest
Vikas Sharma
19 March 2014 at 22:59
Hi,
I have 45% marks in graduation. i know that i will not get good college, so if i will take admission in low level college or any private college then, will it create any problem at a time of practice or have a same value like LLB from best university or college.
AK PUNDIR
19 March 2014 at 16:11
Dear Sir,
Please guide me on the following Point.
M/s ABC Company Pvt. Ltd., situated in India.
Main Work / Business of said company is JobWork (Repair & Maintinance With Material)
Raised Invoice in Following Pattern to XYZ Ltd., Company situated in Bhutan :
BILL
M/s ABC Company Pvt. Ltd.
India
To;
XYZ Ltd, BILL No: 02
Bhutan BILL DT: 02/03/2014
Sr. No. Particulars Quantity Rate Amount
1 Material(uqj) 2 150 300
2 Material (cib) 3 235 705
3 Material (ouc) 1 141 141
Total of Material Sold 1146
Vat @ -- (Nil) due to Material Exported 0
Net Amount of Material Sold 1146
4 Labour Charges 354
Service Tax @ 12.36% on Labour Charges 44
Grant Total : (Net Amount of Bill ) 1544
The Main Question is that M/s XYZ Ltd., Bhutan, deducted TDS (TDS of Income Tax) @ 3% on amount Rs. 1544/- from our Payment /Invoice & Balance paid to us (1544 Less TDS @ 3% =46/- =Total Rs. =1498/- Paid to us). How we can get benifit of this TDS amount towards our Income Tax Liabilities. The Said Company give us TDS Certificate raised under Govt. of Bhutan.
Your co operation will be highly appreciated.
Thanking You.
Your Sincerely,
(Ashok Kumar Pundir)
Cell No : 9897049500
E_Mail : pundirask@rediffmail.com
Kripesh Gope
15 March 2014 at 23:33
For a Private Limited Logistic and Transport company having Head Office at Bangalore and Branch Offices in Maharastra (Thane / Pune)wants to have VAT Registration in Maharashtra.
What documents are required and how many days it will take for the Registration ? What is the expenses (including statutory fees and professional charges)?
kishorkumar d adhia
15 March 2014 at 17:09
Dear sir/s
Please let me know for applying for new PAN for employees gratuity fund what status should i put i.e. INDIVIDUAL / BOI (BODY OF INDIVIDUALS) / AOP (ASSOCIATION OF PERSONS) / TRUST.
The Trust is created with permission of Commissioner of Income Tax.
As this is not a charitable trust i am confused what status should i put.
PLEASE HELP ME AND OBLIGE.
THANKS
KISHOR D ADHIA
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Service tax on under construction of flat
I have purchased one under construction flat in 2010 and same was registered on 30-jun-2010 ..According to me service tax is implemented for sale of flat from 01-jul-2010 so can you advice in my case weather service tax will be applicable or no as agreement was registered one day prior of date mentioned for service tax.. however builder is demanding service tax on instalments that I have paid to him post 01-Jul-13 stating which I have denied stating sale of flat is already done before date prescribed .. am I liable for that as law doesn't say if payments are made post o1-Jul-10 I have to pay Service tax.. if I am not liable can you please help me with section and details of act as I have to produce this in court of law in two days