Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Member (Account Deleted)   18 August 2012 at 10:08

Capital gains tax

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

Cash seized

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

Trustee and beneficiary

In Private Family Trust, is it possible to have same person as Trustee and Beneficiaries???

N Gopala   17 August 2012 at 11:13

Service tax

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

Sales tax

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

Stock audit

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

Reply

If I am unable to show the source of Income to ITO what happened ?

shanthi   16 August 2012 at 15:16

Kisan vikas patra

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.

pooja dedhia   15 August 2012 at 20:29

Correction require in 16 a on a/c of pan --by bank

when it is found there is the mistake in the NO mentioned in the form 16A & its issued by the bank in the F.Y.2009-10 IN THE LAST qUARTER, NO action is initiated by the bank inspite giving so many time remine?

TDS amt is considerable amt ?
what r the solution to this issue?

R S Jadeja   15 August 2012 at 11:27

Service tax notification 15/2012

According to the notification men power suppliers are to claim and pay 25 % of service tax as provider of service. Does Security service Providers come in this category?