Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

parameswaran   09 December 2011 at 18:34

Purchase of new house selling the present house

SIR,RECENTLY,I DISPOSED OF MY FLAT WHERE I STAY IN ORDER TO GO FOR A BIGGER ACCOMADATION IN A DIFFETRENT STATE, OF COURSE WITH BETTER AMENITIES.MY QUERRY IS:WHAT IS EFFECT OF TAX LIABILITY OF SELLING ONE HOUSE IN ONE STATE AND
PURCHASING A NEW HOUSE IN ANOTHER STATE, WITH A LITTLE HIGHER COST SAY 30-35 % MORE.?AND I HAVE PURCHASED IN JOINT NAME OF ME AND MY WIFE( ME RETIRED AND WIFE IS H.WIFE)PL ADVISE ME THE METHOD OF IMPACT ON MY CAPITAL GAIL GAIN TAX
THANKS

Anonymous   09 December 2011 at 17:39

Excise

Dear Sir,
We are manufacture & have marketing unite under separete VAT & CST TIN NO. & our unit is excisable under MRP based excise.
We have brand & our all marketing activites are looking our mktg unit under our brand.
1) Can our mktg unit procue matl diredtly from market under our brand?
2) Can we remove "manufactured by" from packing lable?
3) Can we introduce our product without MRP in market?
pl sussect as soon as possible.
Thanks,
Amar.

prithwish sengupta   09 December 2011 at 14:42

Income arising from pending case

i am a salaried employee working in a bank.
i have earned income for FY 2010-11 and file the return timely and claim refund in my return which i have recived from the income tax department.
However, at the time of filing the return, bank lodged a case in the high court regarding taxation of the pension. At that time bank did not deduct tax at sourcefro any employee.
Now the verdict has come aganist the bank and high court has ordered the bank to deduct TDS at source.
Now i am confused about what to do regarding my income related to previous year 2010-11, which was disputed and received by me during the current year.?
Can i revise my return? because due date for revision the return is 1 year from the end of the assessment year or completion of assessment, which is earlier.As i have received my refund, now can i go for revised return?
kindly suggest the right procedure to pay the tax on the income which was disputed and received by me during the current year i.e.2011-12.

Anonymous   09 December 2011 at 12:47

How to prepare for tax

tan number has been entered wrongly by bank. we have requested the a.o. to rectify and same has been rectified by a.o. but tan number has not changed in tin-nsdl oltas. further we asked a.o. he replied that we have changed in our oltas and you file return with that particulat challan. please advise and how we can file return. thanks in advance

GAURAV   09 December 2011 at 07:04

Interest of saving a/c is taxable?

Sir, A person has source of income from his salary. He also receives interest from his saving a/c which is also treated as income.
My question is :-The said interest is income irrespective of any amount or interest exceeding Rs.5000/-(or any other amount) should be taken into consideration for calculation of income tax .

Maharamchandra   08 December 2011 at 11:38

New registration scheme under gujarat value added tax act, 2003

Dear Experts,
You are requested to kindly refer NOTIFICATION dated 1st December, 2011 r/w Circular No.126/107. The State Government has amended rules and requires to deposit Rs. 10,000/- through local challans only for each Act whether central or state.

As there is no mention in the said notification the central government has conferred powers under the Central Sales Tax Act to deposit Rs. 10,000/- through local challans.

You are requested to kindly give your expert opinion that Whether the State Government may keep deposit towards revenue of the Central with State Government Treasury.

You are further requested to kindly express your opinion on Constitutional validity of the said notification.

Thanking You,

Anonymous   08 December 2011 at 09:35

Hiii

The assesse manufacturing unit in haridwar sidcul industrial area.
his registered office in south india & he is filling the income tax return with claiming exemption of 80 ic in south india.
they manufactured the goods in haridwar & transfer the goods to branch office in south india.
now The assessing officer asking about how is you claiming the expemption of 80 ic in south india (instead of haridwar).
i need the any decided case law for the same for satisfying the assessing officer. Aseesee is company.

Anonymous   08 December 2011 at 09:34

Tds reply experts

Our client has availed services of its directors in the nature of consultancy services.But they have not deducted any TDS from it.The AO is saying that since the directors are the only shareholders of the company, they are having 'fixed base' in the form of company in India,hence the income is taxable under Article 15 of DTAA btwn India and USA.

Please advice whether the contention of AO is correct.Also tell me if there is any difference btwn PE and fixed base.Tell me about any case laws where the concept of fixed base has ben discuused in detail.

NAVEEN PAHUJA   07 December 2011 at 19:47

Ragarding urban land

WHAT IS THE TAXATION ON COMPULSORY ACQUISTION OF LAND IN URBAN AREAS.

Anonymous   07 December 2011 at 19:29

Taxation rate of land in urban areas

WHAT IS THE TAXATION ON COMPULSORY ACQUISTION OF LAND IN URBAN AREAS.