SANTOSH KUMAR BEHERA
06 September 2012 at 13:11
Dear Sir,
A society is registered under societies act and its registered office in New Delhi
where professional tax act is not applicable, however its operation is spread through out India and its payroll processing is done in karntaka(head office). whether the society has to deduct Professional Tax from salary given to employee employed outside Delhi.
As like company, whether society has to paid professional tax.
With Regards
Santosh
ABHIJEET PARIKH
05 September 2012 at 17:09
Dear Taxperts and lawyers
Suppose if there is a flat which is for more than 3 yrs in the book of accounts later it was sold
Now it falls under Long term Capital Gains Later on I buy another flat (which settles previous flats gain but it is more costly therefore it is only booked for which allotment letter is given ) within one year
the flat is there in my book for 1 yrs and that the new flat bought is mentioned in IT return filing
but after 1 yr I am unable to pay the entire proceeds required to buy the new flat builder says he will sell it to other party and that allotment letter stands cancelled
My question is
1 What will be the Tax implication in such a situation
2 Will I continue to get d time frame 3 yrs from the sale of old flat
3 If I sell the new flat or surrender the new flat builder under distress and if there is no capital gain will i still be entitled to short term capital gain
CitizenInsignificant
04 September 2012 at 11:17
Can a research organization that will be conducting research in the fields of alternative energy and environment friendly materials be registered as public trust?
Asha
02 September 2012 at 19:02
good evening expert, my friend taken a home loan from bank.his monthly emi is 30000(25000+ 5000).but sir he does not lived in that house.my query is started now if he give his house for rent than he will show his rental income. but he did not gives his house for rent. and also he did not lived in that house. than what happen in this case.can he claim both hra and deduction u/s 24 and 80c. please reply
Asif Kodiya
01 September 2012 at 17:30
I was suppose to file 27Q for the quarter apr to jun 2012. However I have filed 26Q instead. Does it attract any penalty? How should I make it correct? Do i have to pay any interest in case I file 27Q now?
Rajesh
01 September 2012 at 13:51
Dear Team,
I had purchased a flat in Mumbai and the sale agreement registered is dated 10.10.2010. This was resale ie., During this time the builder was in possession of the maintenance since society was not yet formed hence Bank for granting the loan needed an NOC from builder for mortgaging the flat. For providing the NOC the builder made me to sign an undertaking which mentions that I am aware that the VAT for the said flat is not paid and that if any demand is raised, I shall pay the same. Now the builder has sent me a letter for paying the VAT. I understand that VAT is payable by the initial buyer who purchased the flat from the builder in 2008 and since my sale agreement is dated 10.10.2010 and the same being a resale and completed flat will not attract VAT. My query is whether the builder can obligate me under the pretext of the undertaking signed by me to pay the VAT as an end user. Thank you in advance and your advice /response will be very useful for me to plan my next steps with the builder / original buyer
chaitu.....
01 September 2012 at 12:34
hello Sir, i'm planning to buy santro xing if we go for loan can we have the tax exemption, my father was filing ITR 4 frm the past 4 years because of we are having rent of rs.50k per month as cheque for commercial building, paying rs.21000 p.m for housing loan in sbi and we didn't have any business except some 4 acres of land.
jaydeep
01 September 2012 at 11:15
Hello , I am Jaydeep from Surat, Gujarat. I am doing small business of Embroidery Jobwork.
I passed become and started business of embroidery jobwork in 2011. My purchase of yarn for jobwork is about 5,50,000/- and I have VAT Registration no.
In my business what happen is , My customer send me cloth and I do embroidery work on it and sent it back to respective customer after doing jobwork.
1) But I have one doubt that whether I have to charge vat on my sale bill only because I have purchase yarn of 550000/- which is vatable item.
2)Is vat applicable on embroidery work??
Please reply as early as possible
because I am confused.
d. chandra sekhar
31 August 2012 at 17:31
Sir, My query is whether the raw cashew and cashew is one and the same or not? is there any latest sales tax judgments on this point?
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