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Sudheer J. Sarvate   31 March 2012 at 01:04

Wealth tax

I own one flat of Rs. 45 lakh for residential purpose singly on my name.

I have purchased one more under construction residential flat of Rs. 80 lakh from a builder ( this is also singly on my name) of which agreement will be prepared in January 13 and posetion is expected in January 14.

Now i have made only installment payment of Rs. 40 lakh in the F.Y. 11-12 on the basis of allotement letter received from builder,then whether I have to pay the wealth tax in the F.Y. 11-12 & 12-13.

Kindly advice

JAYANT   30 March 2012 at 13:18

Service tax & vat on under construction property

I booked a flat in a multi-storage apartment at Wakad-Pune last Oct 2011. The property is under construction and expected to have possession by December 2013. I have made payment towards more than 50% of work completion except Service Tax and VAT. Please advise when Service Tax and VAT need to be payable and rate of it.

niranjan Shrivastwa   30 March 2012 at 12:46

Gift received upto rs. 50000/-

Gift received by a individual upto Rs. 50000/- which will be exempt. but which under section. please tell me.

gulamabbas   29 March 2012 at 11:29

Income tax- capital gains

One person entered in to agreement for sale with a builder in Oct 2007. Title was not conveyed. Only allotment letter was received. After more than 36 months, the property was sold to other person by builder where in querist was a confirming party. Querist made a profir in the transaction.
Query: Whether the gain is long term since title was not acquired only right to acquire property was in favour of querist which was extinguished. Pls adv. Tks

sandeep   28 March 2012 at 19:23

Refund of tds

sir
if any person apna tds ka return 2007-2008 ka nahi bhar paya ho to kya wo abhi bhara ja sakta hai ? uske liye kya prosses hai?

Advocate Ashish Ranjan Samal   28 March 2012 at 17:39

Re : service tax

Dear All,
I am deducted Service Tax @ 12.36% from 18.03.2012 on wards, while go through Notification of Service Tax to day,I came to know it will applicable from 01.04.2012,

My question is how to show in ST 3 Return

Regards,
Ashish

NITIN   28 March 2012 at 14:20

Service tax

What is the service tax rate on sale of flats post budget

gaurav   27 March 2012 at 18:50

Agricultural land or not

A land is situated in a village area having a population less then 10,000 people and village is located at 3 kms. away from a big town having 200000 population and village is outside a limit of municipality limit. For being an agricultural land , does it requires also be 8kms away from the limits of municipality limit of a big town?

dhiraj   27 March 2012 at 14:34

Cess tax - nmmc

my query is regarding applicability of cess liveied by navi mumbai municipal corporation. When any customer picks the consignment directly from godown whether it will attract cess or not

dhiraj   27 March 2012 at 14:28

Cess tax - nmmc

We required help for Sales. If Customer from (Mumbai) and his pick up Stock from our godown which is located in Vashi. so it is Counter Sales? or It is liable for refund on sale?