Vijay
27 August 2009 at 13:48
There are exmptions cited under sec-54 for transfer and acquisition of residential house property. Deos this also apply to transfer and acquisition of residential plot?
Shanoo
27 August 2009 at 00:05
Hello sir,
I need your help and advise.
My father has been harrassed by the income tax department unnecessarily by adding the Istridhan of her daughter who had got married in 2002 and then returned home due to their inlaws tried to burn her alive and she had filed a case against her inlaws for her istridhan and attemptto murder case but her inlaws had made a compalain against my father in income tax for the details of istridhan which my sister had filed in court my sister had no were mentioned about my father in the FIR and moreover she had filed in her own capacity as an assessee in court but Income tax had forcebily ordered and addition of 22k and a penalty of 11k. and they had also send a notice for stay of 2 of our property our case is in appeals and the IT officer is not ready to listen to our answers and daily they are tourtring my parents my father accounts deoes show any avoidance of income and the accounts are clear.
Please help we are in a mess and need some help of an expert as we do not have much money to spend against charterred acoountants.
Sangeetha
25 August 2009 at 14:22
A land along with building has been purchased in the year 2005-2006 for Rs. 30Lakhs. But in books of accounts it has been accounted as Land for total purchase prise.
As per Annexure 1A issued by Registrar/Authority it has been quoted as Rs. 39Lakhs as land value and Rs. 10Lakhs as Building Value. Therefore the total municipal / govt. value of both land & building including to be Rs. 49Lakhs.
This misappropriation of booking the entire purchase value of Rs. 30Lakhs in Land has been found out by auditors in this financial year of 2008-2009.
1. My question is if the land & building value is to be apportioned, then it has to be done under what basis?
2. Will it be possible to reduce land value to that extent? Will there be any capital gains effect as per IT act or any other effect as per Companies act?
latharamesh
25 August 2009 at 14:07
Hello everyone
There are lots of educational institutions in INdia who are formed as trust and provide educational services by collecting fees. Under which head these trust are taxed?
akash jain
24 August 2009 at 17:40
RES.Sir,
Please tell me the provisions under I.T Act.1961 for A.Y 1979-80,under Section 230A(1),and
U/S 269L(2) ,and U/S 269(1)in A.Y 1979-80,and 1980-81 ?
Under Section 269L(2),and 269(1) of I.T Act,1961 ,to whom notice use to served by the I.T.Dept.?
Please help me and oblidge.
Thanking You Sirs,
Akash maheshwari
vijay dhiman
24 August 2009 at 16:21
Dear All,
Pls arrange Limited liability Partnership Deed Performa
Regds
Vijay Dhiman
Advocate
manish
24 August 2009 at 09:50
Thank you very much for providing information
one more thing i want to ask , whether they will send any notice or something like that to employeer if they found any fault (Worng information given for deductions) in Form 16.
with warm regards
Manish
vikas kumar
22 August 2009 at 14:57
WHAT IS THE TAX TREATMENT ON RANT PAID IN DUBAI
IS TDS WILL BE DEDUCTED ON RANT PAID IN DUBAI
WHAT WHILL BE THE RATE OF TDS
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ITAT Tribunal rules..
I have to defend an appeal at ITAT .Can anyone please answer my queries..
1.In paper book form one has to file all those papers and evidences which one had filed before the assessing officer and CIT Appeals . Can one file Brief history of the case along with the paper book as it was not part of the the papers filed before the lower authorities.
2.Do one needs to file compilation along with paper book or can one file it later.