sanjay
17 March 2012 at 15:17
I had bought a shop in 1990 for 2.65 lakhs. In the due course i had to pay a penalty of 8.65 lakhs since the shop was not started in time. Now i am selling it for 20 lakhs. what will be the LTCG tax applicable and what will be the cost of shop considered in this case. Can i include the lease taxes and penalty as cost for calculating LTCG.
Asha
17 March 2012 at 09:17
I along with my 2 brothers having jointly owned urban agricultural land purchased before 10 years. We are planning to sell this jointly owned urban agricultural land. Long term capital gain arising from transfer of capital asset is to be invested in purchase of residential house property, We three of us are living in separate houses. Each of us are having only one residential house property in which we are living.
1) Whether exemption under section 54F is available?
2) If Yes, Can i invest in three different houses in their individual names or else i will have to invest in only one jointly owned residential house property.
shiv
16 March 2012 at 22:12
try to give a msg to all hon'b minister think as acommon man not as a icon . otherwise it give a problem for all like inflation .
Sarada Prasad Sethy
16 March 2012 at 15:27
sir,
Can you please give some idea(s) or suggestion about any regulation/ACT regarding claiming towards refund of the road tax which I have paid to the registered MVI office/RTO Office of our state for two years in a regular manner since my vehicles is off road till now.
Thank you.
chaitu.....
16 March 2012 at 15:19
hello Sir, i am 54yrs old, i have an agricultural land converted to plots market value is 16lks total of 18 plots can i have to pay tax for that after sale. and also please give suggestion for to invest it.
jay
16 March 2012 at 13:04
I am Ramesh and I am doing trading in ice-cream. My business is in Surat, gujarat.
I am also selling the goods out of Gujarat. But now I have one problem. One of my good customer, who is doing business in Maharashtra told me to deliver the goods directly to his client in Gujarat itself. It’s really a big order for me.
But my problem is that whether I should charge VAT on the bill or CST because goods are not going outside the state..
SRINIVASA
16 March 2012 at 12:52
CLIENT ENGAGED IN THE ALLOTMENT OF SITES. APPLICATION FEES RECEIVED. THE RECEIPT IS ACCOUNTED AS APPLICATION FEES RECEIVED AND NOT AS SALE OF APPLICATION FORMS.
THE VAT OFFICER (KARNATAKA VAT ) HAS ISSUED NOTICE PROPOSING TO LEVY TAX ON APPLICATION FEES RECEIVED.
KINDLY CLARIFY
THANKING YOU IN ADVANCE
Dharmesh A Gandhi
16 March 2012 at 10:39
Sir,
How can I reset the password for efilling of Income Tax Return. I hv only PAN Card Copy. I have not any prev years efilled ITR; No Secret question and it's answer. PAN Number is already shows registered at Income Tax site.
pls help me how can I reset the password. I am forget it.
Thanks in advance
roggy
15 March 2012 at 22:13
hi,
my query is can a huf karta gift the one and only property from huf account in his personal account after claming noc from all the members(my huf has only 3 members i.e me,my wife and my 12yr old son).
if allowed as per the income tax act what is the procedure to be followed.
and if gift deed is executed,should it be registered and do i need to pay stamp duty as per todays market value of the property,also after transfer will it attract income tax or capital gain tax
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Excise matter
Dear sir,
We have a public limited company.we have lost an excise case in high court worth Rs 1.85 crores.The case has been admitted in supreme court and stay for tax liability is neither granted nor rejected by supreme court.my question is that department can take action u/s 142 ?
Moreover i want to know that if suppose we also loose the case in supreme court than what will be the liabilty of company and directors? As net worth of the company is less than the demanded amount.can they sell directors personal asset also?
please explain me urgently as department is threatening us to take action under section 142 for detaining goods belonging to company.
thanx