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Anonymous   30 June 2010 at 11:43

Intimation U/S 143(1)

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

ENTRY TAX

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

service tax liability

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

Unfair investigation of Tax Evasion Petition by IT Officers

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

LTCG : SALE OF PLOT

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

LTCG ON SALE OF PROPERTY

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

Employees Provident Fund

Which is the authority to approach against the order of the Employees Provident Funs Appellate Tribunal?

girish   25 June 2010 at 20:12

IT

Sir,

My querry is that person who is residing in one district say Thane drawing salary. can he file his return in Mumbai in business ward . If Yes , In which situations?

Anonymous   25 June 2010 at 18:58

Income Tax

heard that Income tax case can be filed on in-laws based on the dowry figure given in FIR by the wife?

Is this really workable if yes how do we proceed & how much time it would take IT dept to take action?

S.D. Singh   25 June 2010 at 17:08

itr below taxable limit

Whether IT deptt. is bound to acknowledge the ITR below taxable limit ( Gross Total Income)or can refuse on the ground of BTL.