Swarna kamal Chandra
02 January 2016 at 14:04
I own a house property which I inherited from my father. The house is tenanted and the tenant is not paying any rent since
1986 and my father filed a suit for eviction. After my father death, I got the decree and put it into execution. My father used to stay at his younger brother's residence on the basis of love and affection. After my father death, my said uncle pressurized me to leave the premises. So I moved it to a rental accommodation. Now I want to know:
1) Whether I am entitled to get Income Tax deduction for rental accommodation/ rent I had paid?
2) Whether I am entitled to get Income Tax deduction for municipal tax which I had paid?
3) Whether I am entitled to get Income Tax deduction for the stamp duties, lawyers fees and miscleneous expenses?
Thanking You
Swarna kamal Chandra
Sudhir Lohar
27 December 2015 at 10:43
Respected Sir,
We had purchased machinery in Nov'14.Since the commercial production started in Nov'15,can we take the input from nov'15 return in the light of Sec 12(2).
sec 12(2) reads as below:
Deduction of input tax under this Section shall be allowed only after commencement of commercial production, or sale of taxable goods or sale of any goods in the course of export out of the territory of the India by the registered dealer.
We have not shown the capital purchases in VAT100 in nov'14 return and tax period of six months.
whether it is necessary to declare capital purchases in vat 100 in the tax period in light of sec 12 as the commercial production has not commenced.
Thanks Sudhir
Anonymous
27 December 2015 at 08:52
We are Pvt. Ltd Co
We are builders in Bangalore
We have been sanctioned loan by a bank which was secured by creation
of mortgage by deposit of Title Deeds
The stamp bought was by ESTAMP
The Article under which the stamp
was bought was Article 34.
It is learnt that the correct Article is 6
Please inform whether the paper is valid.
pankaj@1990
26 December 2015 at 11:39
What is the legal position of a society. I mean to say is it an AOP, BOI or any other authority. I have to mention the legal position of the society on PAN application.
Thanks in Advance
Kapil
Rajinikanth D.J.
26 December 2015 at 09:39
Sir,
My tanker truck was transporting Edible oil from kakinada (A.P) to Rajpura (Punjab). When we are passing Uttar Pradesh, my driver has not taken the Transit pass and this truck was detained near Jhansi by the mobile squad. Show cause Notice was issued. They are asking me to pay 40% of the goods value. So can any one guide me in this issue.
mohammad aslam
24 December 2015 at 22:26
Please inform whether wrong code
on stamp paper makes it invalid
mohammad aslam
24 December 2015 at 19:32
Recently I bought Estamp in Bangalore for equitable mortgage by deposit of title deeds.
Instead of Art 6 it was issued under Art 34.with purpose Equitable Mortgage. Bank has taken correct papers For creation of equitable mortgage
shaik khaja moinuddin
23 December 2015 at 18:57
Dear Sir, Greetings of the day!
I am a chit member with Kapil chits Mancherial, Adilabad-Dist, Telangana- state.
I participated in the auction and won the chit and prized with chit money.
After that they charged the service tax on me and deducted service tax amount from my chit prized amount.
Now As per the information available online, it is clear that there is an amendment in Financial Act 2015 which was presented by Hon’ble Union Finance Minister Mr. Arun Jaitley in the Lok-Sabha. And this service tax is applicable to service provider that is foreman of the chit (or) is it to the subscriber i.e. member of the chit? please clarify and enlighten me with your valuable advice Sir.
Looking forward for valuable advice sir,
Thanking you Sir,
With regards,
-Moinuddin
Girish
22 December 2015 at 16:08
My client a company wants to surrender the Rajasthan VAT Registration certificate. Though there are few plant and machinery of Rs.22 lacs ( original cost) Rs. 9.50 lacs (WDV) is standing in books which were purchased against C form and Rs.5 lacs (original cost), Rs.2.60 lacs (WDV) purchased within state.
Now in case of surrender of registration certificate at what rate tax is to be deposited and the value of goods on which tax will be calculated.
There may be 3 possibilities as under:
1. Interstate sale agst Form C
2. Sale to a dealer within rajasthan as capital goods
3. Sale as scrap to vendor.
Please suggest the appropriate solution and tax implication.
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Stamp duty on resale flat
Hello,
I am buying resale flat in Navi Mumbai & want to know about stamp duty amount appliable on resale flat. Context is the first owner paid the stamp duty in the same month in which he is saling the flat to me.In this case pls.clarify whether I have to again pay the stamp duty on 2nd purchase?