Ayappan
01 July 2012 at 19:06
The property was acquired by the ancestors way back in 1913. After two generation the property is offered for sale in the year 2012. The property is within 8 kms of the muncipal limits. As the index base year is from 1.04.1981 what value need to taken as on 1.04.1981 for the prorperty if acqusition value is say Rs.1000 per acre.
The property will be divided into two for fathers of first generation and among themone of them have 9 legal heirs who is of second generation and current generation will divide the property sale proceeds in various ratios as due to each individuals as per their rights. What will be the tax impact on each individual.
visu
29 June 2012 at 21:23
Is service tax registration must for service receiver under new regime wef 01-07-2012
Pl. clarify.
who will pay tax on service receiver..?
dipak jain
28 June 2012 at 20:40
Sir
Please give me detail for upvat appeal.
thanks
JEEWAN SINGH
27 June 2012 at 19:49
First point is regarding TDS16(A) certificate. Its certificate number consists of Six Characters. But in ITR1 form, the related column contains eight cells. In e-filing, that column does not accept six character certificate number. It is true while filling up the return by hand as well. In printed form also eight cells are given. What is the correct procedure to solve this problem?
Second point is regarding interest under section 234(b) and 234(c) of Income Tax Act., which relates to charging of interest because of delay in depositing of advance tax.
In case of payment of arrears by Govt. (as per recommendations of sixth Central Pay Commission) we can not anticipate when the Govt. or its Department or office is going to pay the arrears. So we can not assess the income for that financial year, until and unless payment of arrears is done by office. If office pays arrears on thirtieth of December of a year, we can not assess or include portion of that amount for payment of advance tax in second and third quarters of year i.e. advance tax payable before 15th September and 15th December of that financial year.
But when we try to prepare ITR1 on-line for e-filing, it automatically incorporate the interest under section 234(b) and 234(c) of Income Tax Act, which is not justified at all under above circumstances. So what is the solution to overcome above drawback in system of preparation of ITR1 for return filing.?
Dhruv
25 June 2012 at 17:13
Are CAs liable to Profession Tax in their 1st year of pratice? I became a CA in July 2011 and received my COP in Jan 2012. Am I liable to Profession Tax in this year or from next year?
chandu
25 June 2012 at 15:49
Is tds deduction applicable for housing society for watchman Rs. 12000/- per month .
is any exemption for housing society for not to deduct tds on watchman salary.
pravin
25 June 2012 at 12:09
I am working in pvt ltd. co. in our company as two person is there. both of them are contract basis employee is there. so, professional tax applicable to company.
snehasish chowdhury
24 June 2012 at 01:29
dear sir
my client job works in railway works
the works name Inertia decoration in train coach ,but the railway department not pay any service tax ,the railway department also deduction the Local sales tax,income tax but no deduction any service tax.now this the service tax department claim service tax (my client no payment any service tax on this job)my query......
1 my client payable the service tax
2 if payable service tax, how the rate on tax
3 it should be treated as works contract...
4 please send me actual calculating service tax matter on works contract
pls reply my query as soon as possiable....
thanks regard
snehasis chowdhury
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Mvat- c form application
Respected Sir
Can the C form application that is uploaded on the mvat website be revised? If not then what is the procedure to correct the changes in the c form application.