Sandeep Kulkarni
31 July 2012 at 12:29
Hello ,
I am from Pune and living in my own bunglow for past 12 years.My plot area is 2800 sq.ft. and so far have constructed 1750 sq.ft ( 1000 sq.ft. on ground floor and 750 sq.ft. on first floor ).
There is partial terrace available ( approx 250 sq.ft. ) on the first floor of my house.
I want to construct a fabricated shade covered with hard plastic sheets on this partial terrace and start a " Panchkarma treatment centre ".
May I know about following ;
1) whether such construction of fabricated shade is permissible ?
2) If yes , whether it attracts any kind of corporation/property tax ( considering business purpose )?
3) Whether it attracts any commercial tax as I intend to start a " Panchkarma treatment centre " in this shade.
Please guide me for the above mentioned .
Thanks ....
Yours Sincerely
Sandeep Kulkarni
pooja dedhia
31 July 2012 at 08:52
Which are the section or provision supporting which says if certain condition is fulfilled then s-234 b c is not applicable even t liability go beyound Rs 10000/-
vinaykala
30 July 2012 at 22:08
my son was allotted a different pan card once he lost the earlier one.
we logged to income tax website 15 days after receipt of new pan card with new no and got an ack s. no
subsequently for the following ay we gave the new no and added a footnote thatt we had sought cancellatiion of old no online .
we also wrote to them thru letters.
now the website shows both as verified, the cvl website, the new one, thankfully, being shown later.
my office continues to send i tax to old pan no which i learn today.
query
would the credits to old pan no be auto cr to the new one.?
my tds at source for the past 5 years is on old pan no but i have not receeved any notice for tax due.
kindly advise sir.
i have to file tax ret online over ten lacs.
vinay kala july 30,12
Ram veer
30 July 2012 at 21:19
Dear Members,
I am a Govt. Auditor conducting audit of PSUs. A PSU given the leave data from 1 January to 31 December to actuarial for determining the leave encasement liabilities in the books of accounts. I wants to know whether the actuarial having a special formula to calculate the leave liability up to 31st March because the leave data was given up to only 31st December?
regards
ramveer
RAJESH CHOUDHARY
30 July 2012 at 18:19
One of my client has income from online advertisement.Money is earned in US dollar and is transferred to his account at the exchange rate prevailing on the date of transfer.His gross turnover is less then 60 lakhs.I have heard somewhere that even if turnover is less then Rs.60 lakhs but is earned in foreign exchange tax audit is compulsory,irrespective of the quantum of receipt.I am a bit confused regarding the issue.Is tax audit required?
Please help?
Jain a
30 July 2012 at 15:19
My father purchased a residential plot in 1987 for Rs. 41 thousands. He expired in 1993 and then my mother in 2003. I have 2 sisters and one brother. They agreed to Transfer the property in my name in 2011 with mutual financial settlement and finally property transferred to my name. Now I am selling this property in 50 Lakhs in 2012. What will be capital gain and how can I save it. I own only one residential house at present.
Venu Gopal S
30 July 2012 at 12:44
Sir,
I want to know whether rent paid over 10% of salary is deductible from taxable income when I am in receipt of pension without any mention of HRA. Can I treat HRA as zero Rs. and deduct House rent paid over 10% from taxable income?
pooja dedhia
29 July 2012 at 20:59
Designing expenses in earlier year is written off as revenue expenses in P & L a/c. at the later year it comes to know that is requir to capitlais in eariler years. if this mistake want to rectify,how can be shown in book's of a/c
Nilay Banerjee
29 July 2012 at 17:13
My friend wants to gift a piece of land to his father which he purchased 1 year back,the current govt valuation of the land is 40Lac, is there any taxaion in any one's part either donor or donee?
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Vat tax
Dear Sir, My friend's brother is registered junk dealer,he purchase scrap from unregistered persons in Rs.44/- kg.
& Sale it rs.45/- per kg. by Tax invoice(Tax Rate is 5%), hence, his profit is Re.1/- per kg.
in June month- He purchase 20000kgs. scrap@44/-of Rs. 880,000/- , Sale it @45/- in Rs.900000/- (indirectly his profit is Rs.20000) but he paid VAT Rs. 45000/@5% on Rs.900000/- now his los is Rs.(45000-20000)25000/- Now my question is how he should billing or business? Hence his C.A. says billing (sale) should be rs.45/-(Actual Rate) per kg.