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Anonymous   06 September 2010 at 22:14

Capital Gain Tax

Dear Experts,

Recently (in Sep,10) I have sold my flat @ Rs 19 lacs which was bought in the June,1995 at the cost Rs 5 lacs.

My query is :-

1. How much tax I have to pay, if calcalculated with indexing method ?

2,How much tax I have to pay, if calcalculated with-out indexing method ?

3. Alternatively I can save whole Capital Gain Tax by Investing Rs 14 lacs (19-5)in bonds u/s 54ec.

Your expert opinion will be highly appreciated, please also guide me about advantages /disadvantages for section 54EC

Regards

Rajesh Kumar jakka   06 September 2010 at 10:21

Under AP VAT (Stock Transfers)

Dear Expert,

please let me know the following issues;

1. we have a branch in orissa, to where we are transferring stock on Form F basis.

then in AP VAT 200 form, where to show this stock transfer amount?

2. And we also have a branch in Andhra Pradesh,to this branch also we are transferring stock from our factory which is in Andhra Pradesh only (Intra State stock transfer).

so where this stock transfer amount to be shown in the form AP VAT 200.

please guide me in this regard as early as possible.

santhosh   05 September 2010 at 01:04

SALARIES

if employee contributed any amount to unrecognised provident fund then in which head it is taxable.

santhosh   05 September 2010 at 01:02

SALARIES

IF EMPLOYER PROVIDES ANY BENEFIT IN KIND i.e. for example if employer provides free education facility in his own school to employee children then it will be taxable as perquisite in hands of all employees or only in hands of specified employees only.

Anonymous   03 September 2010 at 23:11

annual vat return

I want to know that what will impose penalty not submit uttar pradesh annual vat return 26A in prescribed time period .

Dario Dias   03 September 2010 at 20:18

Tax on assumption income

Hi,
I owned a landlord type rental property which was demolished and new building was built in its place by MHADA.The previous area of single premise was 650 sq.Feet.The new allotted property was three flats totaling 700 sq.feet.No one was kept on rent in the premises.On sale of the property the Income Tax department is claiming tax on assumed/deemed rental income of the other two flats other than the self occupied premise(SOP).What do I do ?

Anonymous   03 September 2010 at 09:07

what are the criterias for selection of cases under CASS?

some of my clients who have filed their return of income well below the exempted limit and their actual income is well below the exempted limit, and they have no AIR transaction whatsoever, have received notices u/s 143(2) for the A.Y 2009-10 and it is stated in the notice that the case is selected for scrutiny under CASS.

I know about the scrutiny norms notified by the CBDT every year. None of my client comes under any of the scrutiny norms notified.

Whether there is any other criteria for selection of cases under CASS or they are selected on the basis of same scrutiny norms or there is random selection of cases under CASS?

Anonymous   02 September 2010 at 18:04

annual return

What is the last date to submit annual return 26A uttar pradesh vat financial year 2009-2010

Sudhir Indapurkar   01 September 2010 at 20:54

Section 153C

Is notice issued u/s 153C(for the first time) on 31/10/2008 to submit Income Tax Return for A.Y.97-98,98-99,99-2000,2001-02 Valid? i.e notices are issued to file Income Tax Returns beyond period of seven years.

Anonymous   01 September 2010 at 13:01

Capital Gain

Can Section 54 and 54EC claimed togather?