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Rajendra Kumar Gupta   20 September 2013 at 10:45

Incom tax not filed of ay 2010 -11

I could not file Income tax of assessment Year 2010 -11. Now AO send a letter to me to send acknowledment No. of income tax file from AY 2010 -11 to 2012-13 in 10 days. on other page are mentioned showing some detail of purchase including home purchase in 2012-13 on loan. Since I am salaried person no tax liabilities is there in AY 2010-11. Please advice what I should Do

Adv. Ishan Malhotra   18 September 2013 at 14:04

Service tax

Kindly suggest over my case taken over by jt. commissioner.
Lotteries considered under business auxillary.
But my client is a selling agent appointed on behalf of the government.
have annexed my reply. Precedent so attached is only upto 2008 but my client was involved in till 2010.
Kindly clarify and sort my query.

DV victimmmm   17 September 2013 at 13:22

Form 26as on website of income tax department

Dear experts,
Form 26AS about TDS can be generated on the site https://incometaxindiaefiling.gov.in/. It can be printed in a PDF format.
Does this document has any leagal value. Can I produce it as an evidence in the court as proof of my income and tax deducted.Thanks a lot for your suggestions and advice in advance.

vivek chatter   17 September 2013 at 08:06

Whether compensation taxable

I have received compensation for delayed completion of my flat to be used for residential purposes. Whether the compensation received is capital receipt and thus exempt or it is taxable?
The Flat is received after 6 months of due date. Total amount has been paid say 100 Lacs before the due date of completion. For delay caused compnsation of 5 lacs is received at the time of possession of flat.

Manish Sinha   16 September 2013 at 21:36

Tax liabaility on sale

Hi and good evening,

I have sold a property for 35.5 lakhs and would be investing the money in purchasing another property within 1 month.

Original cost of property was 24.5 lakhs purchased in Sept 2010 under a CLP plan with home loan from HDFC.

I have closed the loan of 15.85 lakhs.
The agreement to sale is for 35.5 lakhs.

I hope there won't be any tax liablity.

What would be the formality at bank when I deposit the cheque.

Please advise.

Anil Jagdish   16 September 2013 at 02:49

My mba project guidance

Pl help with my Project topic-- "TAXES AS QUANTITATIVE MEASURES TO PROMOTE DOMESTIC INDUSTRY AND AND EXPORTS" Pl guide me how to start and what to include as no info available on net PLLLLLLLLLL Pl help ,,,,,,.....

Achin Singhal   15 September 2013 at 23:22

Duty liability on sale of used packing material

Dear Sir/Madam,

Please solve my question?

If a excisable unit wants to sale it's packing material (e.g. drum, canes, polybags) in which raw material has come, it is liabile to pay excise duty on such goods. In other words in which packing raw material has come after use of raw material the packing is empty than we wish to sale it, liable to pay excise duty on such packing goods.

Also please confirm that it's mandatory to intimate range which records we maintain at factory.

Await for positive reply.

P K CHOHAN   14 September 2013 at 21:21

Applicability of vat under punjab vat act

Facts:
1.A PSU having a Officers Club run by the executive committee consisting of officers nominated by the officers of the said PSU.

2.Functions on festivals are organised by the nominated committee of the club.

3. Dinner(Food) is provided on these occasions by the club on concessional rates by hiring a caterer on per plate basis.

4.Total cash out flow on this account do not exceed Rs.5.00 lacs in a FY.

Query:
Whether VAT is chargeable and is to be depositing with the statutory authorities?
Kindly elaborate the answer with specific provisions/sections/rules.

Regards

KAMLESH KUKREJA   13 September 2013 at 21:08

Meaning of turnover

if an assessee have purchases of Rs:-1.10 crore and sale of only Rs:-80 lakhs and have closing stock of Rs:-30 lakhs, his gross receipt amounts to Rs:-75 lakhs during the year, then can he opt for 44AD as he have sale of less than Rs:-1 Crore?

gurucharan   13 September 2013 at 12:36

Income tax

sir

kya sec.44AD ka benifit more than one business me le sakte hai.




please answer me in this regards

with regards
gurucharan