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Asha   17 March 2012 at 09:17

Capital gain exemption

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

Is this both budget(railway and tax(finance)) for common man. really only for corporate.

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

Road tax refund

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

Sale of plots

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

Vat or cst

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

Vat on application fees received

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

Regarding forget password for efilling of itr

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

Tranfer of huf property through gift to huf member(karta)

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

jay   15 March 2012 at 18:24

Gujarat vat

I am a trader in gray , yarn ,and silk cloth.. I am a trader in Gujarat. My son is 21 year old who has also decided to work in the textile industries… but he want to do business of saree and lengha, kurta..
I told him this field is very competitive and Vat Is also levied . But he argued me that who says vat is levied on lengha kurta…
now I am in little confusion that whether vat is levied or not…

Please help, I want only small amount of time of experts for answer.

jadu prasad kalai   15 March 2012 at 17:42

How to save tax ?

Sir I want to sold my forefathers property in village where less the 1000 population per sq km and 50 km distance form municipality area.
the land is agricultural and non agricultural both i am a service holder so the income selling those property is taxable or not.