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Sudeep Naik   19 April 2012 at 12:54

Selling one property and buying new one in other state

Hi,

We want to sell our forefather's property (House) which is in the name of my grandfather who is passed away sometime back. That propert was purchases some 100 years back.

Now if we want to sell that property and buy a new one in different city with the amout received, then what would be our income tax liability.

Thanks

subhash bajpai   19 April 2012 at 11:11

Incometax

Dear Sir,
A company has received share application money from X. there was search held on X wherein it was found that x was only entry operator and there are some more companies involved in same type of transaction.

now A co. want to surrender all the share application money in its return by revising the same. Question is how should A revise its return and what entries should be passed in the books of A with regards to share application money

pls advise.

MANISH   18 April 2012 at 18:49

Case law copy required

SIR

I NEED COPY OF FOLLOWING CSE LAW:-

EWING CHRISTIAN COLLEGE SOCIETY Vs CCIT (2009) 318 ITR 160
MERICAN HOTEL AND LODGING ASSOCIATION EDUCATIONAL INSTITUTIONAL Vs CBDT & OTHERS (2008) 216 CTR (SC) 377, (2008) 301 ITR 86

REGARDS
MANISH

Amullya Pandey   18 April 2012 at 16:04

Is service tax applicable on diesel filling at sites

Dear Sir,

I need some case laws related to service tax valuation rules. My client does the diesel filling job in mobile towers. For that, he bought the diesel as per requirement from nearest petrol pump and the company reimburses the same amount later to him. Mobile Companies are not giving service tax on the amount of diesel but the service tax department is insisting the tax on it. The client does not sell diesel to anybody as his trade. There is no separate agreement with the companies for working as pure agent. Any case laws related to similar valuation matter or on reimbursement will help me a lot.

Thanks a lot,

With regards,
Amullya Pandey- Adv

arup nath   18 April 2012 at 15:36

Income tax

How can I submit a return of p.y. 2009-10 , now? if not , what may cause of it?

Ritesh Kabra   18 April 2012 at 10:35

Service tax liability

Sir,

According to Noti. No. 15/2012 , individual advocates providing services to business entities shall be exempted to pay service tax , but the service tax to the extent of 100% shall be paid by the clients.
My Query is whether the Service Tax shall be charged by me and deposited in Bank , i.e. whether I have to take Registration in Service Tax and have to deposit tax after charging them from clients and file the Returns , or whether the clients , i.e. the service receivers like in case of GTA, are liable themselves? Reply soon.

KISHAN DUTT KALASKAR   17 April 2012 at 23:05

Consultancy service...... to whom tax to be paid...

My brother in law running a consultancy under name "Kalaskar Educational Servcices" and having website www.kesstudent.com. It deals with correspondence online guidance to the students as to what scholarships he/she is elgible to apply for the basis upon individual bio-data. It is running upon NO LOSS NO PROFIT basis.

What type of taxes this business requires to be paid and to which office.?

Which licences this business requires ?

To whom returns have to be submitted etc..?

It is a proprietorship firm....running in Karnataka State.

THANK U....

Advocate Ashish Ranjan Samal   17 April 2012 at 14:58

Franchise for pan card & it return filling

Dear All Experts,
I am an Advocate in Profession, I wants to Start Own PAN Card Center & IT Return Filling Work, What are the Procedure to obtain ,

Regards,
Ashish

Charudutta R. Mhalgi   17 April 2012 at 12:27

Service tax

Respected Sir,

Whether the dealer is doing the job work ( Only Labour Charges ) for Manufacturing the Bidis, the same job work or Labour charges for that Service Tax is applicable or not ?

Kindly advice for the same.

Siddharth   16 April 2012 at 23:50

Gift tax

Hi,

I have gone through the forum and found out that if a gift is given from mother in law to daughter in law there is not tax on whatever the cash amount would be. However I want clarification on one point. Does this amount become a part of DIL's income and will be taxed under income tax or is it that the income will not be considered as part of her income.

Thanks in advance for the reply