can members of the huf can give gift to their own huf by Rs 60000 in cheque. or father's huf can give gift to his son by cheque of rS 60000 IN CHEQUE TO HIS SON. IS THERE a restriction or it attract the tax liability to HUF ITSEF assessee or its menbers?. please give the right expertise with supporting section
Saurabh Rastogi
12 January 2013 at 13:46
I have read a decision of allahabad high court in which locus standi and pari materia word used.....
that was based on sales tax rules applicable on VAT.
could any inform me the allahabad high court case no. or date or mail me the decision or help me to find out that case decision..
rajsh
12 January 2013 at 11:02
I have enter into agreement with the builder [agreement to sale]to purchase a property whose total cost excl. reg.is 60L. The agreement to sale is registered and have paid 0.1% stamp duty on it. same agreement is now submitted to bank for availing loan.
now the bank officials are saying to get the sale deed registered as per guideline rate and not the actual rate.
Is this practice ok.
Please guide me.
Thanks and Regards,
sembaianathan.k
11 January 2013 at 21:48
Dear Sir/Madam,
Can the money received by giving general power of attorney for a family property instead of executing a sale deed to a third party be used to open a capital gain account in order to avoid capital gain tax .Please guide me.
Thanks in advance
srinath
11 January 2013 at 15:26
Hello sir/madam,
i have purchased a flat & the details are as follows:
Built-uparea - 1367 sft
basic cost - Rs. 2061 per sft
parking - Rs. 150000.00
booking done during 05/2010 and the Occupation Certification is yet to be received from the authorities concerned.
Now the builder is demanding a TAX @ 805% ON BASIC + PARKING ( Rs. 252228/-).
NOw the point of clarification is if v can demand original bills towards payment/remittance of Service Tax/VAT and as the total no. of flats in the apartment are 80, the total amt demanded by by builder exceeds the total amount of TAX actually paid.
whether the builder can collect the tax over & above the amount he actually has paid? As owners, can v ask him the reasons for collecting more than what he has actually paid against the actual payment made by producing original bills?
pl clarify as the owners are in a dilemma.
thanks,
srinath.
PGR
10 January 2013 at 23:37
Our society got the notice to pay pending tax for 7-8 years. Now few people are not paying tax as their share of tax is too much. Municipal Corporation is saying buildings will be sealed if society don't pay tax as they have already given multiple notices. We are ready to pay our own individual tax but corporation don't accept it as individual tax assessment is not done. They want some fix total amount to be paid first. Tell me what to be done and save my house from getting sealed ?
d. chandra sekhar
10 January 2013 at 15:39
The DCTO, Pondicherry Sales Tax Department has issued a notice to one of my clients for cancellation of registration if the dealers has not provided the additional security deposit within 15 days from the date of receipt of the notice U\s 9 read with Rule 11 of PVAT Act for not maintaining sufficient bank balance for tax payments.
sir any one help how to give reply and is there any judgments on this point.
sir how the creamy layer and non creamy layer is distingused?
Director was paid Rs:-50000 in form of allowance in 2007 & tax was paid in a.y 2008-09 on same by director, in 2010-11 it was decided that above allowance was paid were not within companies regulation limit & director have to payback the allowance. Director accordingly payback the same to company.can he get the deduction of repaid back amt of above in A.Y:- 2011-12 against “income from salary “
Vat registration
sir,
i want to start export bussiness. is it necessary to get vat registration for it. even we have not pay any type of tax.
pls advice me
thanks