uzair
27 May 2016 at 07:06
WHERE 'A' SOLD A PROPERTY AND MADE LONG TERM CAPITAL GAIN, HE DEPOSITED THE AMOUNT IN CAPITAL GAIN SCHEME ACCOUNT, BUT COULDN'T UTILISE THE SAME, SO IT BECAME TAXABLE AFTER 3 YEARS, HE TOOK A LOAN AGAINST SUCH AMOUNT DEPOSITED, WHICH IS NOT PERMITTED BUT HE SOMEHOW DID, SO IS THE EXEMPTION WITHDRAWN BY SUCH ACT.???
chandra sekhar
26 May 2016 at 20:56
Petitioner filed the revision petition alongwith stay order petition before the learned CCT Jharkhand for 2010-11 on December, 2014 but date of hearing is not fixed till date. While circle in-charge issued notice against petitioner for recovery of demand or submit copy of stay order for the aforesaid period. And if such order is not submitted, recovery proceedings may be initiated by him.
We humbly request all the superiors to guide us regarding this matter with reference to court case.
Naveen
25 May 2016 at 22:39
Dear All Concern
There is an issue that for import of glass Charon's in India what is the correct classification as per Customs Tariff and what rate of duty currently applicable for import of glass Charon's??? I have read somewhere and also of the opinion that glass Charon's must be classified under CTH 70181020 and CVD exemption also allow on said goods. But today after so much argument with Appraiser and A/C at ICD TKD PORT they denied the declared CTH 70181020 and change to 70181090 with full rate of duty and assess the B/E. So I request you to all that if you have any material (Documentary/Legal/Judgments/Arguments etc.) By which we can fight or going to appeal in subject matter. Please share you comments/suggestions.
Best Regards
Naveen
Prithvi
24 May 2016 at 16:54
A Public Charitable Trust which is NOT REGISTERED under section 12AA of Income Tax Act, is assessed as AOP. So can it claim expenses and put to tax, the surplus as an AOP ?? (Income are in form of Government Grants for projects , and Voluntary Donations ). For example, if Receipts is Rs. 500000 and exp are Rs. 300000, so what is the tax to be paid and at what rate ??
Please Guide .
Muralidhar Chekuri
23 May 2016 at 11:10
Recently, our company which is PSU has received a demand for payment of house tax levied under the AP Gram Panchayat Act, 1994. Please explain how to process the demand.
Sandip V Gore
22 May 2016 at 00:00
Hi
If we get RCC labour work charges bill of Rs 200000/- from A on dated 21.05.2016. We crwfited this bill and
we debited Rs 50000/- against department labour supplied by A and same paid in cash on dated 15.05.2016 then TDS to be deducted on Rs. 200000/- or Rs 150000?
Please guide me
MANOJ
20 May 2016 at 15:09
Dear Sir
I have one query.
If nothing is amentioned in Contract , who is liable to bear Service Tax Reverse Charge.
Can Service Receiver deduct Service Tax from payment of Service Provider.
Pl advice
MANOJ
19 May 2016 at 15:55
Dear Sir
My Company wants to open plant in UP.
I want to know overall procedure for VAT registration in UP & also wants to know name of consultants who can help me in this & also his fees.
Our plant is situated in Jagdishpur ( Amethi , Sultanpur ).
Kindly Advice.
Thanks & regards ,
Can we treat project travels of more than 21 days as deputations and pay flat deputation allowance without needing bills. We do not want to treat any expense reimbursements as Taxable.
Can we maintain a bank account of nature “current account” for every employee, in addition to “Salary Account” and do all expense settlements through “current account” and treat expense settlements as reimbursement of expenses and hence treat it as “non taxable”.
Property tax - bangalore - non-residential
Sir/Madam,
We (my family) own two industrial units in Bangalore. And both are located in residential areas.
We have been paying property tax every year at the applicable commercial rate and we never had a problem - until now.
A couple of days ago, an inspector from BBMP visited our factory premises, measured the built up area and told us we have been paying taxes at the residential rate and not at the commercial rate. This is false.
He also told us we will be levied a penalty from 2008 till date and t hat we have to pay a penalty of Rs 10 lakhs.
When we protested, he told us he would be sending us a notice shortly.
I get the feeling he was expecting a bribe - which we are unwilling to pay.
In the past, inspectors would visit our factory, take the measurements of the built up area and let us know the tax we had to pay.
They never gave us an assessment order.
What are our options now?
We have been paying our taxes every year and we have all the tax paid receipts.
Any help in this regard would be very much appreciated.
Thanks!