pratyu
27 February 2013 at 18:20
sir
please inform me how much amt will i have to pay as house tax.i purchased the house for 5800000(58 lakhs)and it comes under grampanchayati guntur district,in andhra pradesh.i was told that i will be leveyed tax once a year.
thank you.
Gulshan
26 February 2013 at 22:00
Hi,
i booked a apartment in August 2007 with downpayment plan(40% self paid, 60% finance) and got the possession in 2009 and get registry done. This month feb 2012 i sold this flat. Now after lots of netsearches and comments from my CA friend, i am confused that how to calculate LTCG. Should i take allotment year or registry year to calculate cost indexation?
Thanks in advance. Please advice.
Ashokkumar
26 February 2013 at 10:19
A NRI Employee working in US in a subsidiary of Indian co.is granted Shares under the Indian Co.'s ESOPS Scheme..He is NOT on Payroll of the Indian Co.He does NOT have any property or Investment in India.His Status is NRI. He exercises his option by making payment from his NRE Account in India.What will be Tax treatment to him, when he sales these shares?
1.Will he liable to short Term/Long Term Capital Gain Tax? if so, at what rate and under which clause of ITAX Tules?
How the capital Tax would be calculated?
1.Difference Between Sales Price and Purchase price or Market Price prevailing on the date of EXERCISING the option and Purchase price.
2. Will this be considered "Income From Other Sources?"
3. If he includes this income of india in his income in USA, declares in his Returns there and Pays Tax there, is it necessary to pay Tax here in India or get Refund?
Will this be covered under DTTE (Double Taxation Treaty Agreement?
Shall appreciate your valuable advice/guidance.
dharmendrajoshi
25 February 2013 at 21:55
THE DEALER PROCCESSING DAL FROPM PULSES 100KG PULSES USED FOR PROCCESING DAL &GET 76KG DAL .DAL TAXABLE @5%IN THE STATE OF ODISHA DEALER PAY TAX ON DAL BUT DEPT CHARGES TAX ON 24 KG VALUE OF PULSES PUSCHASE ON THE GROUND CHILKA EXMPTED FROM TAX.THE DEALER PAY MORE TAX THAN THE PURCHASE VALUE OF PLSES BECAUSE 76 KG DAL VALUE IS MORE THAN THE PURCHASE VALUE OF 100KG PURCHASE VALUE OF PULSES .PLEASE CLARIFICATION REGANDING THE PURCHASE TAX . please give refrence if any court judgment. dept not accepte the chilka is bi product.
kalpesh patel
25 February 2013 at 11:35
I am holding a PAN when I was serving in India. Now I wants to my file return of income. Today my status is NRI and having only income of NRE Saving A/C. Interest. Which type of Form or Declaration require to be file with Return of Income.
RADHAKRISHNAN
25 February 2013 at 03:03
Sir,
My client is service tax assessee under the services"cable operator".they are importing set top boxes and availing credit on the admissible part.the set top boxes are capital goods which are sold to our subscribers only.they come under "deemed sales".Also VAT is paid under sale of goods act.
The service tax dept demanded service tax under the services"supply of tangible goods".My client refused saying that the goodsare sold and VAT is being paid and hence is out of the purview of srvice tax.The dept confirmed the demand and the matter is before CESTAT.
Now the dept says that as thecapital goods (set top boxes) are sold and as VAT is being paid the Cenvat credit on account of these capital goods must be reversed.They say that the credit on account of capital goods cleared as such should be reversed.
But as we are in the business of cable operators the set top boxes are essential to our main business. Whether we should reverse the Cenvat credit ?
Vishal.Sri
23 February 2013 at 22:17
I bought a vacant land in 1965 for Rs.1500/-
I constructed a house in 1970 (for Rs.5000/-)
Now, I want to sell it for a value of Rs.35,00,000/-
Can I get Capital Gain tax?
If so, what is the amount?
Col B M Chanan
23 February 2013 at 17:53
Dear sir
Six months back I have purchased a flat at Hyderabad taking a loan from ICICI bank. Now I have sold my old flat at Pune.Please let me know can I use the amount received from the sale of Pune flat to pay back the amount taken on loan from ICICI bank and save the tax?
Thanks
Chanan
Advocate@Law Field
23 February 2013 at 14:03
Plz share information regarding income tax and professional tax payable by the advocates and what is the procedure for it....
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Revise return in haryana vat
Dear sir
can i sumit revise return of first quarter
now.