hetalsangoi
19 August 2012 at 14:40
Audited pf has purchased the property of L&B in Aug2012. He wants to do not claim & provide depreciation for FY 2012-2013 in the books of accounts & planning to claim from F.Y. 2013-2014. Is this valid or justify? Can he do? Why?
he plan to sell it after 5 years.while cal LTCG,HOW dep poni is considered if he does not provide dep in the f.y.2012-13 & provided dep after wards? how to see this issue from the point of taxation ? is it viable?
Member (Account Deleted)
18 August 2012 at 10:08
A Lady sold her main residence in 2009 for Rs. 4,00,000/- and during the same year invested Rs. 12,00,000/- for purchasing a new flat which is still under construction.
The lady is a house wife.
Whether she will be liable to pay any Capital Gains Tax and if so how much?
Whether basic exemption and other reliefs available in the income tax act are considered while calculating Capital Gains Tax?
munish
17 August 2012 at 21:25
THAT A POST OFFICE AGENT COLLECT CASH OF RS : 15000/- EACH FROM 40 CUSTOMER ( TOTAL AMOUNT 6 LAC ) AND CARRY AMOUNT FOR DEPOSIT POST OFFICE IN THEIR RD ACCOUNTS. DURING ELECTION 2012 PUNJAB THE CASH WAS SEIZED BY I T DEPARTMENT. NOW MY QUESTION THAT HOW MANY PEOPLE FACE PROBLEM FROM I T DEPARTMENT. WHOM CASE WAS SELECTED FOR SCRUTINY AND HOW THE AMOUNT WILL RELEASE.
THANKS IN ADVANCE
Mihir
17 August 2012 at 16:21
In Private Family Trust, is it possible to have same person as Trustee and Beneficiaries???
N Gopala
17 August 2012 at 11:13
Sir,
What is the applicability of Service Tax to maintenance work contracts like repairing and painting of existing buildings? What is the exemption limit for Service Tax?
N. Gopala
javed ahmed
17 August 2012 at 10:02
an optical shop did not issue me bill on the purchase of spectacle. when i demanded i was flatly refused.the shop is clearly evading sales tax. which authority shall i approach to? please advice.
regards,
javed
hetalsangoi
17 August 2012 at 09:02
what are the column are required to stock report which is the include the title of the product with costing with qty , what r the cloumns are require to corporate?
when an auditor audit the stock report issue by the mgt ,how to audit this sheet from the audit point of view?
Asha
16 August 2012 at 17:50
If I am unable to show the source of Income to ITO what happened ?
shanthi
16 August 2012 at 15:16
I had purchased Kisan Vikas Patra in the year 1995 and after few years certificate had been seized by IT Deparment and kvp certificates was held in their custody till 2011. Now when i asked Post Office Department for encashment of certificates they are only providing for 5 and half years and after that they wont be giving as it was not renewed.
Here i had a query that since it was seized by it department certificate was blocked and it could not be renewed. So will my interest also be blocked for that period. Wont i get interest for the period it was held by IT Department.
Kindly advice me in this case.
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Income tax
a person is agent of lic. he received total commission Rs. 350000 so tds has been deducted Rs. 35000. now he want to fill return.
additional information is-:
Deduction of 80C available - 55000
he want to claim exp. - 115000
he want tax liability - nill
he want refund - toatal 35000
he is earning same amout from last two a/y
Please provide us-
1- which ITR is required
2- Can I file Itr 2,and i can claim exp.
3- if I file itr 4 than balance sheet and p/l is mandary or not
4- if i file itr 4 how much capital can take
5- if i file itr 4 what is business category
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