Tssekar
05 October 2020 at 13:46
we have completed two civil projects in Visa steel kalinganagar in the year of 2012-2013 and they deducted WCT 5% from our Bill's. please guide me to claim that amount .
Tssekar
sriraminfratech p limited
adv. rajeev ( rajoo )
02 October 2020 at 08:47
Father had gifted property 50 years ago. After his death his son inherited the same and sold the same after 3 years of inheritance. So how to calculate the capital gain.
harishraj
30 September 2020 at 19:08
Hi Experts,
I am a 35 year old boy. My elder sister(age 38 ) is suffering from Chronic Kidney Disease and is on dialysis twice a week. She is so weak that she is unable to work and earn . She has no income at all. But we have been filing her ITR returns since almost 14 years now..Most of her F.D.s have been broken and now she has an income of only 2Lakhs this yr for A.Y.2020-2021. This income is only from her F.D., the last one now.The tax on her income is "0"..In fact a refund of 17,000 is due to her (from the TDS deducted by a Bank on her F.D). I pay for her dialysis and other medical expenses as she has no health insurance at all.My questions are: Can I claim the deduction upto 40,000 under Sec 80DDB for my sister i.e. Is my sister a dependant as per I.T. Act because from what I understood of this section- “dependants” of an individual assessee may include spouse, children, father, mother or siblings who are wholly or mainly dependent on the assesse. What does it mean - wholly or mainly? Many thanks for your expert advice and valuable time.
parthabandhu guha
29 September 2020 at 20:48
My unmarried uncle wants to gift me his house and some land valued at approximately. Rs.50 lakhs. I want to know whether I have to intimate income tax authorities or have to pay any tax on the valuation of the property.
RAJESH CHOPRA
27 September 2020 at 20:33
My real sister wants to give me Rs 30 lacs as Gift. I would like to know if any tax will be applicable to either of us .
She will Gift me the amount via Cheque.
Please advise if any document needs to be executed etc.
LAWYER ASSOCIATES
16 September 2020 at 11:23
An assessment order was passed by ITO in our case, additions were made, we file first appeal to cit appeal. cit appeal dismissed our appeal, we file rectification to cit appeal as some facts were missed by her. She dismissed our rectification request. We again file recitifcation request to her. It was pending before her. Mean while Direct Tax Vivad Se Vishwas Scheme 2020 came and we file forms under this scheme. These forms were rejected by CIT with remarks that our first appeal was dismissed and instead of filing appeal to Tribunal, we again filed rectification of appeal to cit appeal, CIT admin rejected our form by saying that our appeal is not pending before any authority. now what is the remedy for us? According to my understanding recitifcation is part of appeal it is not a seperate case. And if our rectification request is pending it means, our appeal is not come to final conclusion till that rectification request disposed off. please suggest me what is remedy for us?
Anonymous
15 September 2020 at 14:40
dear sir plase advise me tath below application is right for claim to pending tds refund
To,
The Principal Commissioner of Income Tax (HISAR),
Sec 14. Hisar Haryana
Sub.: Application for condonation of delay in filing Return. A.Y. 2018-19. For CLAIM TDS Refund
Dear Sir,
My PAN Number: is BZWPS5071F
I have Pending to submit my income tax return(s) for assessment year (s)2018-19 due to I am out of state Family Property dispute .
Due to above reason whatever applicable in the assessor’s case I was unable to file my return in time. That the filed Paper Return of 2018-19 have enclosed with this application
You are kindly requested to waive the time limit and accord sanction to assess my income tax return . so that I am able to get the income tax refund of Rs 67935-00 excess paid income tax.
Further, I have been filing my income tax return regularly and the same could be verified from your records.
Thanking you
Yours faithfully
Name of the assesses.
Sunil kumar s/o Surya nath
C/o Fast csc center
Street no 9 Bhatia colony
Fatehabad-125050
LAWYER ASSOCIATES
11 September 2020 at 13:56
An assessment order was passed by ITO in our case, additions were made, we file first appeal to cit appeal. cit appeal dismissed our appeal, we file rectification to cit appeal as some facts were missed by her. She dismissed our rectification request. We again file recitifcation request to her. It was pending before her. Mean while Direct Tax Vivad Se Vishwas Scheme 2020 came and we file forms under this scheme. These forms were rejected by CIT with remarks that our first appeal was dismissed and instead of filing appeal to Tribunal, we again filed rectification of appeal to cit appeal, CIT admin rejected our form by saying that our appeal is not pending before any authority. now what is the remedy for us? According to my understanding recitifcation is part of appeal it is not a seperate case. And if our rectification request is pending it means, our appeal is not come to final conclusion till that rectification request disposed off. please suggest me what is remedy for us?
srinivasa bhanu sankar
10 September 2020 at 18:10
Sir
My client is a builder and constructed residential apartment of 120 flats. On dt:10.10.2018 occupation certificate has taken and after that date 80 flats registrations done and prior to OC 40 flats registrations done. Now the department is telling that the assessee has to restrict their ITC in proportion to the flats registered before OC i.e. 33% of the ITC shall be utilised and the remaining shall be disallowed. Please enlighten on this issue.
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Income tax on court order (principle along with interest)
I filed a case in court and after about 7-8 years, the court issued orders that the cost of the property along with interest at 8% p.a. be returned to me by the builder. So,I received a big lump sum amount which included original cost of the flat plus interest for all the years together. My query is that how should this amount be treated for taxability in my Income tax return? - Should the total amount be taxed in the year of receipt as revenue receipt or should this be treated as capital receipt? - Should I ignore the cost of flat part and just show the interest part as income? - What should be the tax treatment of this interest part- revenue income or is this a capital receipt since it is related to a capital asset. - Should not this interest part be bifurcated over all the years to which it relates and then taxed in the return of each such year thereby reducing the tax burden,
under case title
STATE CONSUMER DISPUTES REDRESSAL COMMISSION HARYANA, PANCHKULA
Complaint No : 229 of 2016
Date of Institution: 11.08.2016
Date of Decision : 01.03.2018
1. Shalini Manuja w/o Sh. Ved Prakash Manuja, Resident of 4-R, Model Town, Panipat-132103, Haryana.
2. Satyan Manuja s/o Sh. Ved Prakash Manuja, Resident of 4-R, Model Town, Panipat-132103, Haryana.
Complainants
Versus
1. Ansal Landmark (Karnal) Townships Private Limited through its Chairman having its registered office at B-47, Connaught Place, New Delhi.
Second address: 11th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi-11001.
Ansal Landmark (Karnal) Townships Private Limited through its Chairman having its registered office at Sushant City, Sector-36, NH-1 Milestone-119, Karnal, Haryana.
Opposite Party
2. Indiabulls Housing Finance Limited through its Branch Manager having its office at F-60, 11nd Floor, Malhotra Building, New Delhi-110001.
Performa Opposite Party