Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

m suresh   09 December 2015 at 15:21

Regarding sec. 234b int when mat was applied in re-assessment

sir/madam, one of my clients for A.Y 2008-09 assessment u/s. 143(3) completed on 07/12/2011 and re assessment u/s. 148 was made on 24/12/2012 and it was completed on 26/03/2014. at last in re assessment MAT u/s. 115jb was applied and int. u/s. 234B was applied from 01/04/2009 to 26/03/2014 (60 months). but my doubt is in act reg. 234b (3), when re assessment was completed then int calculation under this section is from date where (normal assessment completed) to (date of re assessment completed) i.e., in this case from 07/12/2011 to 26/03/2014 (28 months). according to act it is 28 months and A.O calculated at 60 months stating that it is sec. 115jb mat . please guide me in this situtation which is correct.

Atish   09 December 2015 at 12:02

No stamp duty required for transfer of property to relatives

Dear All,

A new ruling has been given by the government on gift or transfer of property to a relative/kin which shall bear no stamp duty.

I request to know that if after the transfer to the relative/kin, if they sell the property with immediate effect before 3 years then will there be short term capital gains or long term capital gains.
Regards
Atish

yagnesh dave   04 December 2015 at 20:49

Taxation

I AM SELLING MY IMMOVABLE PROPERTY AT MARKET PRICE & ACCORDINGLY THE AGREEMENT IS MADE HOWEVER THE PURCHASE IS MAKING THE PAYMENT CONSIDERATION AS PER AGREEMENT IN CASH AND CHEQUE BOTH.

WHETHER THE SELLER CAN ACCEPT THE CASH FROM PURCHASER AS PER AGREEMENT WHETHER I.TAX LAWS PERMIT TO ACCEPT CASH FOR SELLER PL EXPLAIN

sharad   03 December 2015 at 20:19

Against form h

we have purchase of material against form h on gujarat state same material sales against form h on gujarat state possible of transaction in against form H

KIRAN   03 December 2015 at 11:34

Excise returns

Dear Sir,

We are manufacturing of Excise duty exempted product and also trading the same product.
Whether we have to file excise returns if file how to show the trading activity of the same product and we have the tariff code for that how to get the notification numbers.

Thanks in advance

Ajay Agarwal   02 December 2015 at 12:12

Haryana Vat

Dear Experts

Please suggests me EAC (economic activity code) for registration in Haryana vat.

Business- applying TIN number for plywood and hardware store as a retailer and wholesaler both type activities.

Thanks
Ajay Garg

Jay   02 December 2015 at 10:07

Service tax on new furniture contract

I have entered in to new furniture works contract(including material and labour) of
new constructed building.
I have registered under works contract service.
So what is the rate of tax applicable to
me ?

Sabir Ali Siddiqui   01 December 2015 at 19:12

Late filing of itr and rejection of revised return.

Sir,
Is there any provision under IT Act/Rule under which a taxpayer can appeal to an appropriate authority to condone the delay in filing the original ITR beyond the last date of filing and thus request to accept the revised return.
Thanks.

PARAG SONI   01 December 2015 at 17:19

Merger of parternship firm and amt credit

X Pvt. Ltd and X Partnership firm have common share holders/ partners. Firm has AMT credit. Now they want to merge Firm to Pvt. LTD.
Merger or Purchase transaction is required to claim AMT credit and other effects or conditions.

9897033358   01 December 2015 at 15:21

Assessment u/s 148

I have filed original return u/s 44AD after due date declaring total receipts Rs.2200000 as appearing on 26 AS but the AO issued notice u/s 142(1) for filing the correct & true income on that total receipt as per 26As 3000000 I filed correct income on 30 lacs gross receipts there is difference of 8 lacs my query is this that 8 lacs will be added with the returned income or 8% income on the 8 Lacs