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Anonymous   16 March 2010 at 22:06

LTCG ON SALE OF PROPERTY

I HAD PURCHASED A PLOT IN FY 2004-05 AND SOLD IT IN FY 2009-2010.WITH THE FULL CAPITAL GAIN ACCRUED, I HAVE PURCHASED A RESIDENTIAL FLAT WITHIN FY 2009-2010 ITSELF.THE QUERY IS THAT WHEN THIS CAPITAL GAIN (THOUGH EFFECTIVE CAPITAL GAIN IS ZERO AS FLAT HAS BEEN PURCHASED FOR THE FULL CAPITAL GAIN AMOUNT)IS REFLECTED IN THE ITR OF AY 2010-2011, WHAT IS THE POSSIBILITY OF A QUERY BEING RAISED BY THE AO WHILE SCRUTINIZING THE ITR ON THIS TRANSACTION(PURCHASE OF FLAT) AS WELL AS THE TRANSACTION OF 2004-2005(PURCHASE OF THE PLOT).

V K SINGHAL   16 March 2010 at 13:46

Rule 46A of Income Tax Act, 1961

Is there any specific format & procedure to file application before CIT (Appleas)under rule 46A of the Income Tax Act, 1961 in a case where no proper opportunity was given by the AO before passing order u/s 144 of the Income Tax Act, 1961.

Vijay   16 March 2010 at 13:42

Max. Rent I can Pay without TDS

Hello Sir,

I run a business from my home. (The home is the name of my mother.) My accounts doesn't require auditing as they are below 10 lacs (Service Provider).

I would like to pay rent to my mother as office rent, since I am running my business from home. I don't have a TAN number. So what is the max. rent I can pay to my mother for using her home as office TDS deduction requirement?

Manish Kumar Gupta   15 March 2010 at 12:54

Removal of goods from factory premises after invoincing

Dear All.

Is there is any time frame fixed under the central excise act, for removal of goods from factory premises after invoice generation.
or In what time these goods must be removed from the premises after invoice generation.

Regards,
Manish

Anonymous   13 March 2010 at 17:36

Excise exemption certificate

We received an a copy of excise exemption certificate from Govt undertaking. On confirmation our excise range told original is needed. Now we have despatched the consignment with a xerox copy. The govt. undertaking states that they are not able to trace the original and we too are not having the same. Please confirm whether we need to submit the original to excise range or xerox copy will do. Also please advice how we can go about in this issue. If provision exists for this issue, please give the legal support for the same.It is very urgently needed and I will be eagerly waiting for a reply soon please.

sstapler   13 March 2010 at 17:16

relief under section 89(1)

My gross income is 263248/-
I have got arrear of 19484/-
this year's salary p tax is 1540 and differential ptax for arrear is 240 and differential PF of arrear is 984/-
my total savings under sec 80C is 5714+7500+14236+10100+4800
My previous year's income was 161874 with 9tax of 1320 and savings of 7500 only. Please tell me the tax payable with the relief of section 89(1)

Ivin Gancius   13 March 2010 at 15:22

Tax for royalty by foreign firm

If a foreign Co., be it a US Co., licenses a patent and trademark to an India-based company, and the India-based licensee pays US company royalties out of India, what tax, if any, does the US Company need to pay in India?

Anshul   12 March 2010 at 14:26

excise - n/n 214/86

is it true dat................. exemption of 214/86 is availaible to job worker only if it is an intermediate goods for principal manufacturer?


or it is availaible irrespective of dat d goods r final product or intermediate goods 4 principal mfrer....

rakesh   12 March 2010 at 11:42

Please answer this

Please answer this

a) What is the taxability of alimony received from ex-husband under mutual settlement

b) What is the taxability for income earned on FD for the minor son from ex-husband towrads his maintanence under mutual settlement

regards

Anonymous   11 March 2010 at 09:59

calculation of long term capital gain

iam a widow lady ihave purchased a residential plot in april 1994 for rs. 147500 and after that i have paid 212422 as enhancements and convyencedeed expenses and i sold it on feb-2010 for 2600000 and paid 100000 as comission to property dealer and after that i have purchased a booth(commercial)in feb 2010 please calculate the l.t.c.g and is there any benifit for widow lady in income tax..