subhash bajpai
10 July 2012 at 10:44
Sir,I am a member of Housing Society and invested Rs. 1 lac in 1999 and Society was made for providing houses to its members as per the deed of society. Society had purchased a piece of land but due to some reasons could not constructed houses on that land. Now due of some govt. norms Society is selling its land and paying 25 lacs as compensation against land advance made by me. My question is whether receipt will be considered as Capital Gain or income from other sources?
pls help.
Pulkit
09 July 2012 at 21:36
SIR,
IF A PERSON SELLS HIS PARENTAL PROPERTY WITHOUT GETTING THE PROPERTY INTO HIS NAME, WILL IT BE A CASE OF CAPITAL GAIN OR OTHER SOURCES?
Sanjay Dhavane
08 July 2012 at 12:09
My client effected sale of Plant & M/c to foreigh buyer in F.Y.2006-07. The said foreigh buyer done payment in foreigh currency in said financial year. The said goods was physically exported out side India in F.Y.2008-09 due to other paper works. Can my client's cliam of export allowable in F.Y.2006-07? Kindly give expert comments of said transation.
Bharat Arora
07 July 2012 at 18:27
Dear Sir guide me If one have resigned from a company in Fy 2010-11 and got his FFS & PPF in FY 2011-12 due some delay at employee end then my question are:
1. form 16 will be issued for 2011-12 or not
2. if issued under what section and provisions
3. time line for issuing the same if issued.
4. penal at employer end under IT act if any for not issuing the same
regards
Bharat Arora
GAURAV
07 July 2012 at 18:09
Dear Sir,
I have one acre Agricultural land and want to enter into a collaboration agreement with an developer for group housing who will develop the project at his own cost. 30% flats will be mine and 70% will be of developer. Market value of my land is about one crore and Circle rate is 20 lakh.
My query is:-
1. If I sell this land to developer in one crore, I think no income tax will be payable by me being Agricultural land.
2. But if I sell the Flats of my share having amount 2 crore then that income will be taxable or not.
3. If Taxable how much tax will be payable?
4. Which option is beneficial?
Member (Account Deleted)
07 July 2012 at 16:57
Are the practising C.A/C.S./Lawyers exemted from paying service tax?
Dr G V Rao
07 July 2012 at 08:57
Sirs, D
1. Do the earnings of medicolegal experts in form of consultation fees from clients attract taxes. Do they have to file IT returns.
2. Do the experts have to register an web based online consultation work as a firm or can they be called as 'self employed'.
RAJESH CHOUDHARY
07 July 2012 at 08:45
Respected Experts,
Friends,
I need a solution / information regarding refund of income tax
Since my employer VSSC did not upload my TDS of Rs 81988 for assessment year 2009-10 in 26AS statement in time, the refund of Rs 20430/- due to me for the Assesment year 2011-12 (efiled thro CPC) was adjusted towards the interest portion of TDS for the Assesment year 2009-10. In December 2011, my employer had uploaded my TDs of Rs 81988 in 26 AS statement.
Since the return for AY 2009-10 was filed in local IT office Trivandrum, I have requested for refund through letter from local IT office at Trivandrum in January 2012. But no refund is received so far. So again I wrote to ACIT trivandrum on June 19th 2012. Now I have to file return before 31st july 2012.
A refund of Rs 23000/- for AY 2012-13 is also due on filing IT return before 31-7-2012. In this situation I want to know whether the CPC will again adjust my refund of Rs 23000/- towards interest portion of AY 2009-10 when I file return before 31-7-2012, as I did not get my refund of Rs 20430 till date
rajsh
07 July 2012 at 00:49
i want to purchase a property jointly with my mother. Mother is a housewife. I am applying for a loan. Whether I have to include my mother as a co applicant in loan or not?
if yes how to show her return for past years? she has a pan card but no tax due and she has never filed her return.
Kindly advice.
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It refund
Inspit of submitting Form 15G with a nationalised bank for 2011-12, the bank has deducted TDS against F.D. The said declaration was sent to the bank by speed post/courier service.The Assesseee is a house-wife and she falls within the exempted category for filing the IT Return.Her total income from interest on securities exceed Rs. 10,000/-.Can she file refund claim from the ITO of her TDS deposited by the bank?If so,what is the procedure?