Anonymous
24 September 2011 at 11:50
I bought one property in Nasik in 2005 and sold the same i June 2011 with a profit of 15 lacs. In the meanwhile in July 2010 i had booked an under construction flat in Pune by paying 3.51 lacs. The total cost of the house is 24lacs out of which i have taken a loan of 20 lacs from HDFC. My query is:-The 15 lacs profit which i got from sale of Nasik house,as i have already purchased another house in Pune (loan of 20 lacs),can i reinvest this amount is any other thing other than property without paying capital gain tax?
Vidhya
22 September 2011 at 17:53
I am working as account in a spinning mill located at Tirupur, Tamilnadu. We purchase fiber from A of Nagpur and sell to C of Mumbai by E1 transaction. But C instructs me to deliver the goods at D of coimbatore,tamilnadu. C is not selling to D. So no E2 transaction. C is asking to deliver to D for some conversion purpose. (job work).
My question is
1. Whom should I raise invoice?
2. If i am raising invoice to C, mumbai, then whose address should endorse in LR.
3. Can deliver the goods to d of coimbatore?
4. If can what are the important documents should go with the goods from Nagpur to coimbatore.
5. Should C has to give JJ?
Anonymous
22 September 2011 at 14:28
If a company is providing Construction Services in India under 100% option i.e. ST @10.30% on the contract value, Can it take credit against excise duty paid on inputs like Steel Items etc.
Sadashiv Rupchand Gaikwad
22 September 2011 at 09:46
An Agriculturist received compensation from the State Government.The Special Land Acquisition Officers issue F16A TDS Certificates for the Financial year 2008-09.Can the farmer claim as Income tax Refund from ITD? Which Form is to be used?
What is the time limit for claiming Income Tax Refund? Which section is applicable and where to be mention the gross compensation received amount? What are the remedy for obtaining Income tax Refund.
Anonymous
21 September 2011 at 20:04
The case is :-
Three brothers A, B, C acquired a HUF property on their father's death, when the HUF got dissolved.
Now two of them (B & C) want to give away the property to A.
What is the best option for B & C, so that no tax arises in any manner.
(1) Gift
(2)Relinquishment
(3)Sale
sunil
21 September 2011 at 18:42
Dear Sirs
I will be thankful if any body can clear by doubt which is
Whether sec. 269SS and T will attract on cash transferes between partnership firm and pvt ltd company in the same group
Anonymous
21 September 2011 at 16:53
Sir, We,50 employees, had formed a group and purchased land and registered on individual names in March,2010. We had approached a builder for construction of flats and entered into an agreement for construction of flat @ Rs.961 per sq.ft. and construction agreement was registered in March,2010 and we paid 1st installment of 25% in the month of April,2010. Now, the builder is insisting to pay service tax @ 35.55 ps./sft and as per construction agreement ST is in our scope. please advise us what exactly the rule speaks and how much ST we have to pay.
n k s prasad
20 September 2011 at 22:09
sir
I received Rs.70120/- as a Overtime Allowance (OTA) Arrears in July 2011 due to implementation of 6th CPC.
The was due w.e.f. 01 Jan 2006.
Sir, pl guide me how to bifurcate/ spread over the Rs.70120/- (OTA arrears) over the FY 2005-2006; 2006-2007; 2007-2008; 2008-2009; 2009-2010 & 2010-2011, so that Relief U/s 89 (1) could be availed while filing Income Tax Return.
thanking you
yours faithfully
nks prasad
Anonymous
20 September 2011 at 17:16
Dear learned Members,
In case of contract of services with foreign entity (Companies incorporated in Nepal, Bhutan etc.), does liability towards government in respect of Service Tax arises?
please elaborate in both the cases where answer is YES OR NO.
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Reverse charge transporter
What is the limit that the service recipient of the transporter should follow while paying service tax? Is it Rs. 1500 aggregate or Rs. 750 of one consignment or higher of the two. Suppose the per consignment is below Rs. 750 but overall it is greater that Rs. 1500. Will service tax be applicable then?. And is there any violation if the service tax amount is deducted from the transporter and then paid to the goverment?