Rajesh B Shah
08 August 2011 at 14:22
Dear Sir,
What is the latest position regarding service-tax leviable on builders and developers ? What is the progress of The Maharastra Chamber of Housing Industries V/s Bombay High Court and latest decision of Chennai High Court ?
Thanking You,
Rajesh B. Shah
(Advocate & Tax Consultant)
Vadodara, Gujarat.
MANSHA -CA STUDENT
06 August 2011 at 17:16
Respected Experts
I have one doubt regarding the taxability of agricultural income in partial integration
Payment of intt on loan u/s 36(1)(iii),which is taken for purchase of agricultural land -
whether it is allowed from agricultural lncome or not i.e its attracts disallowances u/s 14 of Income tax act ?
Kindly reply query with ref of income tax act & case laws .
Thanks
Maheshkumar Sharma
05 August 2011 at 10:15
Hello all,
In maharashtra one have to pay royalty in excavation and use of natural resources like sand, mumrum,etc.
Can anyone tell me with reference of Legal provisions, whether Royalty is a Tax or what?
Anonymous
04 August 2011 at 02:32
Mr.Raju is having house property and availed loan from the bank for construction of said property. In the year 2008, 1st. floor & 2nd floor of the said property was let out to a educational institution for hostal.He has been filing IT returns by showing house property income and claiming deduction U/s-24 (Interest on HBL)and also claiming deduction U/S-80C (repayment towards principal).
Now ground floor of the said building was let out to his wife Rima , who sub-leted the said ground floor to a Bank.
What will be income tax treatment of Mr. Raju and his wife Rima. Please advise me.
Anonymous
03 August 2011 at 19:30
A Indian is employed in Nigeria from 1.4.2006 to 31.10.2007 and during this period his Salary income was taxed in Nigeria. He has no earnings except interest income in India on his Deposits held with Banks during the above period.
He received a bonus payment from his previous employer in India, relating to the earlier years when he was employed in India in May 2006 with TDS deducted at Source.
Should he file his return in India including the Salary received in Nigeria which is already taxed there? Is there a DTTA with Nigeria in those years?
What is his Status during the period under IT.
What would be the components or Heads of Income of his tax returns in India and with what status.
Could the incometax experts clarify the position please.
Anonymous
02 August 2011 at 23:44
Which Return will be used for a salarised employee having salary income & Interest income of morethen Rs.20,000/-
mudit nigam
02 August 2011 at 20:35
Hello
respected Sir
my problem is during the year the month of July proprietorship firm take over by the new company he gives me a some amount and share in new co. for this take over. how to compute income tax.
whats up i think so all amount received by the company and my firm capital difference is taxable in normal rate of taxation.
Mitesh Shah
02 August 2011 at 13:12
One of my client is required to get his accounts audited under section 44AB due to lower profits shown (44AD). Is he require to deduct tax from next year onwards? Plz reply...
Anonymous
02 August 2011 at 11:25
dear all,
Please let me know on tds applicability to an IATA recognized Air travel agents who sells air tickets to customers through their sub agents, acting for them in different corner of the city, they provide ticket to sub agents at a discount price. Is the main agent is suppose to deduct tax on this discount given as per 194h ....case laws details if any...please...
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Income tax
Rent on commercial property of a construction co, whether the income treated to be the income from business or the income from Rent.