Jatinder Chugh
30 June 2010 at 15:48
I want to know who is required to file monthly vat return as per new notification on Form Vat 16 a person whose net tax liability is Rs. 2Lacs after adjusting ITC or a person whose gross tax lability is Rs. 2 Lacs before adjusting ITC
Anonymous
30 June 2010 at 11:43
What Is Intimation U/S 143 (1) and whether I need to do anything if it shows Nil Demand.
Anonymous
28 June 2010 at 18:17
Dear Expert
Kindly share your views in the following matter.
What is actually entry tax and when it is leveable
kamal sachdeva
28 June 2010 at 17:00
My query relates to when service tax liablity arisess. At the time of issuing the bill/ invoice to the party or at the time when payment is received? Earlier we deposit the tax when we receive the payment only but now some people say it shud be on accrual basis not on receipt basis. What is the exact legal standing on this issue.
Anonymous
28 June 2010 at 10:40
I have filed a Tax Evasion Petition against a person but the Tax offender was influential and he bribed the officers at IT office and they gave him clean chit. I am not been given any details of the said investigation but just being told that he is not found guilty.
What remedy do i have? I have already made complaint to senior IT officers but nothing happened. Can I approach High Court or any other suitable remedy for getting fair invesgtigation of Tax Evasion Petition?
Anonymous
27 June 2010 at 12:16
I was gifted a plot by my father in Sep 2009 through executing a gift deed through the sub registrar office by paying full stamp duty.This was purchased by him in AY 2005-2006 at RS 15,27,861.00(Present Indexed Cost).
I have sold the plot in Mar 2010 for Rs 64,00,000.00 and booked and fully paid a builder for a flat for RS 53,11,523.00 and kept Rs 3,73,000.00 in Capital Gain A/C in a Nationalised Bank towards cost of registry and purchased NHAI Bonds for Rs 4,50,000.00.
How much tax will I have to pay for this transaction.My tax exemption limit of Rs 1,60,000.00 is fully available for deducting the tax liability.
Anonymous
27 June 2010 at 12:02
I AM A SENIOR CITIZEN HOUSEWIFE. I HAD PURCHASED A RESIDENTIAL PLOT IN FY 2004-05 FOR RS 18,66,300.00 AND SOLD IT IN FY 2009-10 FOR RS 60,00,000.00 AND PURCHASED A FLAT FOR RS 48,07,369.00 IN MAR 2010. THE INDEXED COST IS RS 24,57,295.00 AND ALSO PAID A COMMISSION OF RS 1,90,000.00 FOR BOTH TRANSACTIONS(SELLING PLOT AND BUYING FLAT).
CAN YOU PLEASE INDICATE MY TAX LIABILITY AFTER TAKING INTO ACCOUNT MY FULL TAX EXEMPTION LIMIT AS BEING AVAILABLE TO OFFSET MY LTCG FROM THESE TWO TRANSACTIONS.
G. ARAVINTHAN
27 June 2010 at 06:06
Which is the authority to approach against the order of the Employees Provident Funs Appellate Tribunal?
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Gratuity Law
I quit the organisation on 10 May 2010. The Gratuity Act had been amended and stated that the cap had been raised from Rs. 3.5 Lacs to Rs 10 Lacs. However, as this had not been passed by the Parliament, the approach was that the payout would be actual (subject to the cap of Rs. 10 lacs) but the amount more than Rs 3.5 Lacs would be taxable.
The Grauity Amendment was passed by the Parliament and came into effect from 24 May 2010.
Now, my company is saying that since I quit before 24 May, the payment that they will make now will be taxable (as was the rule till 24th May).
Pls confirm what should be the right approach