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

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Deepika Mishra   20 April 2011 at 17:50

capital gain

my father sold a residential property in Indore in March 2011, for 60 lakhs where as the guideline is of 80 lakhs.
the property was made in 1967. How much tax on capital gain he has to pay? He is 92years old.

JK   18 April 2011 at 15:11

Pan Card

Dear All,

Can we make a pan card for a person 80 year who is suffering from Paralysis and can not make his signature?

Rupesh   18 April 2011 at 11:51

Excise duty on Ready Mix concrete

Respected Experts,

I want to know if any one provide cement to ready mix provider, Is excise duty is applicable on total ready mix he supplies or excluding the cost of cement.

pl. do the needfull.

thanking You,

Rupesh Arora

Vaibhav   15 April 2011 at 16:31

URGENT : Software/IT Service exemption in Sec. 5(1) or 5(3) in CST

Sir,
We made software/IT services direct to Export & we are registered in STPI Noida then sale will be exempt in Section 5(1) or 5(3) in CST

Vaibhav   15 April 2011 at 13:26

Software/IT Service exemption in Sec. 5(1) or 5(3) in CST

Sir,
we are 100% exporter of Software/IT Service registered in STPI.
In which section this sale will be exempt in Central Sales TAX in Sec. 5(1) or 5(3) in CST

Anonymous   14 April 2011 at 21:19

propreitor changed, procedure under mvat?

Sir, father is desiring to retire from business. Son is new proposed propreitor of the same business. What is the procedure under mvat for said ?

Anonymous   14 April 2011 at 15:00

EX-GRATIA PAYMENT

For Financial year my only income is ex-gratia payment. As per IT act, this ex-gratia is like salary. Due to this, can we take rebate under the following sections:

1) Section 10, 2) Section 24 3) Section 80-D 4) Section 80C and Section 80CCF.

Can we deduct the above sections from total income, while computing taxable income for income tax.

Is it correct that the Company has deducted 15% from this ex-gratia payment

Kindly inform as soon as possible
Thanks and Regards

preet   14 April 2011 at 14:06

Income Tax

A person take shop on rent and on leaving his tenancy right he got a amount as pagari or as a compensation to leave the tenancy right. Now my question is whether that income is taxable or not? If yes, whether it is capital receipt or revenue receipt? or under what head it is taxable?

Anonymous   14 April 2011 at 12:47

FORM-16

Sir,

Is it Mandatory to the Employer to issue form-16 for Nill tax deduction.

Sudhir Indapurkar   14 April 2011 at 12:45

TDS

One of my clients (pvt ltd company) while making TDS payment have wrongly entered in the Minor Head code as 400 instead of 200.How to rectify the mistake?.Plain letter has been given to TDS officer however no proper guidance from ITO.