INVESTED IN FUTURE PLUS RS 10000/- IN 2005-06 RECD 13589 RS IN 08-09 THEN WHETHER THE ABOVE LIC FUTURE PLUS WILL BE TAXABLE AS PENSION UNDER THE HEAD OTHER SOURCES (I.E. 1/3-TAX FREE & BALANCE TAXABLE) OR CAPITAL GAINS (ULIPS)
mehul
01 September 2008 at 23:22
The following is the transaction details:
a) My father purchased land in 1975 for Rs.x/- in joint names with my mother (i.e wife & husband)with his self earned money.
b)In 1990 he built a house of 3000 sft on the land he purchased in 1975 both names( wife and Husband)
My query is that I know the cost of land (COA-cost of acquasition)for the registered sale deed but I do not know the cost of construction for the house he constructed in 1990. There is no documentary proof bills for construction and imoprovement costs (COI-cost if improvement)thereafter.I only have the property tax receipts. How to compute LTCGT assuming i am selling the property in the assesement year 2008-2009 and how to arrive at COI is there a benchmark given or how do i value the construction cost in 1990 and improvement thereafter.Please guide me and inform which websites or information I can get myself. Or please cite example or case study or for the sub-registar officer or muncipal office
VASANTH D JAGANATH
01 September 2008 at 19:41
'A' registered dealer in karnataka sale made to 'B' registered dealer in Tamil Nadu.
'A' made sale to 'B'. In trun 'B' is effecting sale of same goods to sez unit in other state against form - I
whether sale made by 'A' is eligible against Form-H sales, is there any provision where sale to sez will qualify as export zone
srikanth
01 September 2008 at 16:56
What is the difference between deferred tax asset and deferred tax liability.
Can any one tell me how to calculate deferred tax liability and how to create a provision for deferred tax in the financial statements.
javed ansari
01 September 2008 at 11:06
hi
A consultant is doing accounting of some companies.Can he pay service tax for acconting charges in Management consultant code 00440116.If accountancy code is separate kindly tell me.
Thanks
Is Government competent to imposed tax on sales made on the internet?
Anil
29 August 2008 at 14:54
In a company TDS amount is credited on the last day of the year i.e,.31 March.
a) Last date for issue of Form 16/ Form 16A is 7th june. (2 months 7 days from the end of the year)in the above mentioned case.
If you have doubts regarding above date kindly refer point 21 in the chart given at
http://www.incometaxmumbai.nic.in/taxpayer/tds.htm
b)Last date for e TDS return of Jan-March is 15 June
My question is
how can one issue Form 16/Form 16A on 7th june (which is the last date for issue of such form) if e-TDS return is filed on 15 June(Last date for filing such return) because on 7th june one will not be having e-TDS acknowledgement number that is to be filled in Form 16 /Form 16A
Thanks.
Maheshwari L.T.
28 August 2008 at 23:55
Has CONSENT DECREE of the Hon'ble High Court, in a property matter,got to be registered with Sub-Registrar of Assurances and also whether Stamp Duty also payable on the same?
L.T.Maheshwari
EM: goldmineprop@gmail.com
Can anybody send Karnataka State Financial corporation Act(central act of 1951) and its rules?
income tax exemption on house loan
Sir,
How is income tax exempted on house loan?
How the calculation is done ?