jaya
21 September 2012 at 15:25
I was working in Trivandrum till April 2010. As ours is a transferable job from mid-April 2011 I am working in Mumbai because of my transfer. I had filed my IT return on July 2011 for the assessment year 2011-12 in Mumbai. But now I have received a letter from Trivandrum ITO asking me to appear in person (under sec 142(2) ) quoting the return what I had filed in Mumbai . What should I do? I cannot immediately go to TVM due to official commitments. Kindly advise.
I wan to know whether i am eligible to take service tax credit for previous years relating to 2008-09,2009-10,2010-11 & 2011-12 now if i have not taken the same. The same amounts are also standing in my accounts as service tax credit. I have paid for all the service tax bills in the respective year only.
Dear Sir We have hired part time and Casual employees to my company apart from regular on roll employees. Can please give the statutory provisions regarding Part time employees and casual employees? And also tax provisions?
Sayed
19 September 2012 at 18:47
Dears,
I am an NRI. I was planning to purchase a flat in Mumbai through my Father-in-law.I transferred the money to my Father-in-law's account in Mumbai from my NRE account.The deal got cancelled and now i want to take back the money and purchase land elsewhere in different state.
Now if my Father-in-Law transfers the money back to my NRO account, is there going to be a tax or do i need to inform the bank?
Thanks & Regards,
Sayed
Hans Raj Singh Bist
19 September 2012 at 17:52
can question of jurisdiction can be raised at second appeal stage
shridhar
19 September 2012 at 13:35
im planing to sell my ancestral agricultural land at hubli and would like to invest in madhya pradesh. how can i avoid capital gains?
P.Parthasarathi
18 September 2012 at 18:36
My client is a partnership firm deriving income from Poultry farming. With effect from the assessment year they have leased out their business to another firm alongwith the building, the cages for keeping the birds etc. The building is surrounded by land with coconut plantation of which there was no mention in the lease deed. The lesser firm enjoyed the yield from the trees and disclosed the agricultural income in their return. The AO did not accept the agr. income on the ground that since the entire premises have been leased out, it automatically means that the trees have also been leased out and no income could be derived from the trees by the lessor firm. The assessment has been appealed against. In appeal it is being contested that since no specific mention has been made about the trees in the lease deed it automatically means that the right to enjoy the yield is retained with the original land loard, i.e. the lessor firm. Kindly give me knowledge of any case laws on in this regard.
Dear Sir/Ma'am
I want to ask a question about Taxation that if a person is working abroad. He gets tax paid salary there.
After all he sends his savings to India in his own Saving account in India.
He then give this amount to his mother for purchase of house in her name.
Please tell me what will be the position of Taxation in this regard?
What situation is beneficial according to Income tax laws. whether it is suggestible to purchase in his own name or in his mother's name?
AMAR KABRA
18 September 2012 at 12:17
CAN A COMPANY CLAIM EXEMPTION OF CAPITAL GAIN TAX ON SALE OF AGRICULTURE LAND OR SUCH AN EXEMPTION IS AVAILABLE TO INDIVIDUALS ONLY?. IF A CONDITION OF 8KM AND POPULATION OF LESS THAN 10000 IS SATISFIED THEN CAN A COMPANY CLAIMS THAT SUCH LAND IS NOT A CAPITAL ASSET AND IS EXEMPT FROM CAPITAL GAIN TAX IN INDIA. SECONDLY INDEXATION BENEFIT WILL BE AVAILABLE OR NOT?
CA AMAR KABRA
Service tax on commercial rent
Experts
pl. advise on the following:
We find from notification no. 24/2007 that commercial rent which is in the ambit of service tax net has exemption to the actual amount of property tax paid.
Service tax is a DIRECT tax, which is collected and paid; where the property tax is not actually passed on the lessee;
In such cases, how a service tax assessee can claim the service tax on the property tax.
Is this exemption really applicable?
Pl. advise and suggest