Anonymous
25 July 2011 at 07:13
I have been paying property taxes regularly but since 2009, the cheques sent to the the Corporation of Chennai have remained un-cashed. The bill collector refuses to accept payment. I therefore asked for the current Annual Value under RTI and found that the tax I am paying is correct. I have not received any new property tax demand notice or notice of revision under Section 137 B. The Metrowater Chennai will not accept payments unless I show the receipt for property tax for the current half-year. What legal recourse can I take to resolve this problem? I have also placed complaints on the Corporation website to no avail.
Jameer
23 July 2011 at 20:55
Sir i got the below message from income tax dept.will u please explain what it mean and the term 'return' in the message.
Thank you
Register on www.incometaxindiaefiling.gov.in to view your Tax Credit Statement (Form 26AS) & e-file your return. Due date - on or before 31st July, 2011
saritha chavan
22 July 2011 at 20:58
dear sir,
my annual package is rs.400000/-, do i need to file returns for the financial year 2010-11. in my office i was told it is not necessary to file retuns because of the recent amendment, that income of Rs.500000 and above only should file returns. i have not availed any kind of loans.
sir, kindly clarify my query
snpathak
21 July 2011 at 21:18
during the financial year 2010-2011, my assessee is employed at mnc at gurgaon and received salary from india for 07 months and went for us for 05 months and paid tax on us salary at us.in the month of february2011 he came back to india.tell me i should furnished his return of indian salary or both.
Anonymous
21 July 2011 at 15:44
dear sir,
we have paid FBT for the financial year 2009-10 of Rs. 22000. now in the financial year we have written off FBT Recoverable of Rs. 22000 through Profit & Loss A/c. so sir, i want to know whether fbt written off is allowable expenses as per income tax act.
Can House Loan repayment amount can be taken for ded. U/s 80C by both husband and wife, if the said loan is in the name of both of them. If yes, in what proportion. Consider the repayment as 1,80,000/- and both are having savings u/s 80C of Rs. 20,000/- and 10,000/- each. Please advise.
snpathak
20 July 2011 at 09:13
i filed my return for a.y. 2010-2011 withintime on30/09/2010 and my case has been completed u/s143(1) of the i.t.act1961 . can i revise my return for a.y 2010-2011 upto 31/03/2012.
Anonymous
19 July 2011 at 21:12
I have sold a flat at less than government rate after 11 years of purchase.
I had to sell due to some emergency expenses.
The Stamp Duty is accepted by the registrar and paid at the sale price.
I want to pay Long Term Capital Gain Tax.
"As per section 50C(3)"
Thus, sub-section 3 of section 50C of the Act would mean that if the value ascertained by Valuation Officer exceeds the stamp value; the value adopted for computation of capital gains, the stamp value alone would be adopted.
Please confirm that I should consider stamp duty value to compute the LTCG Tax
Anonymous
19 July 2011 at 17:22
I had purchased a flat in my (I am daughter) and my mother's name ~2 years ago (in Chennai).
After 1.5 years passed, she wished to relinquish her right to the property, being of elderly age.
So we were advised to prepare a Settlement Deed and have it registered to transfer right to my name, which we did earlier this year.
I am occupying the said property along with my family.
The Settlement Deed mentions the partial (market) value of the property in the last para.
What are the tax implications for me with regards to this amount?
Gift Deed is required in Blood Relation
If Grand father paid Life insurance premium of grand son than Gift deed is reuqired or not ?