Anonymous
17 August 2010 at 10:58
Sir,
I am legal practicener in Kanpur U.P. .my cliant M/s new paint & hardware recd. a notice by commercial tax department that he has raisd a sale invoice no. 175 dt 23.03.09 and that goods has been cought on the way . my cliant gone to the office and denied that bill after this asst. commi. made a judgement of exparty order in which he refused our 4 quarterly return and enhance the sale upto Rs.810000/-and tax Rs. 50000 per quartertotal 2lac , we have also given an application for sec. 32 to reopen the case , the case is reopened on date 23-3-2010 , we have requested to assessing autho. to give a copy of seized bill but he refused us and said please give any related judgement or ruling of vat act. it is most essential to have the copy of the seized bill which we have to challenge .
please give us your valuable suggestion and ruling or judgement in vat act 2008 to recd. the copy of that bill .
Jatinder Chugh
16 August 2010 at 15:55
I am a regd dealer in the state of Punjab. I have crossed annual turnover limit of Rs. 1 crore in the year 2009-10. But my annual tax liability does not exceed Rs. 2 Lac. But by mistake i Have filed monthly vat return on Form Vat-16 for the m.o April-10 & May-10. Now I have come to know that i am not eligible for filing monthly vat return as my annual tax laibility does not exceed Rs. 2 Lac. Now what should i do. Should i continue to file monthly vat return for the rest of months or to stop filing with the immediate effect.
Anonymous
16 August 2010 at 12:57
Dear Experts
Please advise, one A person has sell out one property and after 25 months he has purchased another property with B person in joint name, whether he will get the benefit of capital gains, kindly guide the diff.between short term and long term capital gain.
If A retained the sale amount in his SB A/c and after 25 months he made the purchse, what would be the treatement at the time of filing his IT yrly. returns.
thanks and regd.
varun
14 August 2010 at 12:30
HI,
I just have a query that a old pan card of firm. was used some where around 20 yrs ago but then the pan was not renewed into new pan card and subsequently closed off as its a time gap from now, will any record be .
thanks
varun
RAMESH
13 August 2010 at 20:44
short term capital gain on sale of shares (STT Suffered) gain amount will get u/s 80(C) benefit of Rs. 100000/-
BIRINDER SINGH
13 August 2010 at 14:59
MY HUF WAS CONSISTING OF 5 COPACNER 1-MY SELF2-MY WIFE 3-MY MARRIED DAUGHTER4-MY UNMARRIED DAUGHTER 5-MY SON
MY SON DIED LAST YEAR NOW HIS WIFE WHO IS NON HINDU WHAT IS HER STATUS
WE WANT TO SELL OUR HOUSE WHICH WE GOT FROM OUR FATHER VIA GRAND FATHER
WHAT IS POSTION OF SONS WIFE WHO IS NOT A HINDU WE BELIVE SHE CAN CLAIM HER HUSBAND SHARE ONLY
ANY INFORMATION HOW TO DIVED SALE PROCEED
WILL BE APPRICATED
THANKS
SAHANI
Ashish Khandelwal
13 August 2010 at 14:29
Convenience allowance u/s 10(14)(i)
Dear Experts,
According to section 10(14)(i), any such special allowance or benefit, not being in the nature of a perquisite within the meaning of clause (2) of section 17, specifically granted to meet expenses wholly, necessarily and exclusively incurred1 in the performance of the duties of an office or employment of profit2, 3[as may be prescribed], to the extent to which such expenses are actually incurred for that purpose ;
I think either convenience allowance should be exempted extent to expenses,or taxable but employees are giving exemption of rs 800/-PM in form 16.
According to rule 2BB(2) only transport allowance has upper cap of 800/- PM.
Please advice, what can I do in this case?
Anonymous
12 August 2010 at 20:22
Mr. ghosh has a land in his name, entered with an agreement with a developer to construct a building, got possession of a flat. upon getting possession of that flat he gifted the said to his wife by a registered document. now Mrs. Ghosh wants to sell the said flat, is capital gain arises upon selling the said flat. pl solve with case laws.
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Contingent Liablity
The company has filed reply to the intimation u/s 143(1)but the Income Tax has not replied to the notice till date of prospectus.Does this is a pending litigation for filing of Prospectus.
As there is no contingent liability arising out of this.