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Anonymous   23 October 2011 at 22:15

Municipal tax in ahmedabad

a is widow women leaving alone in row-house,in her near side row house, tow or three comercial shop in her society, during municipality tax surveyar visit,surveyar assess the shop in widow women's property,and assess the tax in widow women's row house's tax bill, by mistake, municipality issue two tax bill one is for comercial use shop and one is for resident use, for the only one row-house,we give application about the mistake,but municipal depa. do not improve their mistake , and the give notice for recover two tax bill rs.1lakh, we answer its, but still they not ready for to improve their mistake, what is leagle remedy? we approach in court, by which section and which act?

ASHISH SHARMA   23 October 2011 at 17:16

Communication on arrear deman

I have recieved an email with the subject "Communication on Arrear Demand". it says it is for AY 2008, which would technically mean FY 2007-08. I had filled for the returns and I am a salaried individual without any other source of income. It doesnot give any detail eacept that the deamnd amount is showing as Rs. 77033. What can I do in this case this is almost the double amount of the tax that is deducted at source by my company. I have checked form 26A also but even that does not show anything apyable by me.

Anonymous   23 October 2011 at 15:45

Tax on flat booked in building under construction

I have booked a flat in Mumbai in May 2007(agreement dated Oct.2007)with possession by 31/12/2008 but still waiting to get possession.Is VAT and/or Service Tax applicable when developer gives possession? if yes effective dates for the same and how much will be tax?(%ge of agreement value).Will developer require registration with Mah.Gov. for VAT& with Excise Dept for Service Tax? Can I pay taxes directly instead of paying to Developer?
Please give relevant notification nos./dates.

narayan kashinath bhide   23 October 2011 at 10:58

Section cd

is it true that under section 80 cd of the itact 1961 deduction from income will in addition to section 80c deduction of rs. 1.00 lac will be allowed from fy 2011-2012

Anonymous   22 October 2011 at 19:55

Mistake in balance sheet

There is a mistake in balance sheet submitted by an assessee alongwith the incometax return filed within due date.
i) Whether the assessing officer has authority to intimate the assessee by way of intimation u/s 143(1)?
ii)What are the options left with the assessee before and after one year from the end of the month in which the return is submitted ?
iii)What will be the action of assessing officer?

I request all experts to give their valuable opinion. Please also opined if the return is filed belatedly.

sandeep   22 October 2011 at 19:24

Ltcg calculations under section 54f

Dear Sir,
If A buys a plot of land for Rs.2.7 lacs in 2002 & sells it for 20 lacs in 2011, what will be the LTCG. The stamp duty for acquiring the plot was approx. Rs. 20,000/-. Further, If A buys a house in 2011 for Rs. 15 lacs, how much exemption of LTCG will be available under sec 54F. The additional cost of stamp duty etc. for acquiring this new house is Rs. 80,000/-. What will be the amount of additional capital gains bonds to be purchased under 54EC to obtain complete exemption from payment of LTCG. Pl. send me the entire calculations.
With best regards

Anonymous   22 October 2011 at 07:38

B rc on exports

The Exporters needs to file BRC upon FIRC
by practice the FIRC is not been provided by the bankers (though it is clarified by FEDAI)

now we need the advise from the experts that, in case BRC is not filed what are the consequence with respect to DBK and RBI audit.

What is the last date of filing BRC

Pl. advise

Anonymous   21 October 2011 at 15:49

Rectification u/s. 154

I received an Intimation U/s. 143(1) in which it was stated that, figures entered in Balance Sheet are not proper. Please let me know what should I do to solve the matter?

Anonymous   20 October 2011 at 21:00

Can a citizen!!

Is it possible for a citizen, to keep inform the Government/respective department
against who knows some one with respect to
a) concealment of income
b) tax evaders
c) who bribes/and involve in bribery

i) What is the formal procedure...?
and
ii) How there shall be security or confidentiality on revealing such information
iii) How there shall be protection on safety for the person who is giving lead/information
We do find CBI is active in all departments including Income Tax

Anonymous   20 October 2011 at 20:33

Income tax

pls tell me about income tax as my yearly income is 2 lakh rupees should i liable for tax ?