Gala is exchange in 5 April 2012. LTCG is arise of Rs 14 Lacs.If i want to do tax planning what is the time limit? How can i do tax planning available in income tax Act?
what is the last date to invest in NAHABARD BONDS ?
Monish Nilwant
19 August 2012 at 13:46
i have entered into agreement with builder on 26 febuary 2010 for purchase of flat....i have read that bombay HC has imposed VAT of 1% and service tax of 2.5% on flats in maharashtra...wil this decision be applicable to me...considering my agreement date.....??????
i want to export tomorrow the goods to US country,i want to make bill,please guide me what rate i have to take?
is it valid the following calaculation:---
suppose today rate now 1 USD=55.6912
I WILL deduct 0.50 from above rate.
Now rate will be 1 USD = 55.1912
TAKING THE BASE OF 55.1912, IS IT CORRECT practice or should i do take the Rate 55.6912
which are the correct site to consider the foreign exchange rate?
pl guilde me/
Ahishek Shinde
17 August 2012 at 13:51
Hi,
In 1987, my uncle had filed RTS appeal in Revenue Authorities court against partition mutation entry.
In the same year he also filed RCS suit for partition in Junior division of Civil court.
In 1991, first appellate court from Revenue Authorities (Sub-Divisional officer) gave judgement and order to re-partition the subject land.
In 1991 itself, RCS suit in civil court was dismissed as it was not containing all family members and all land and house property.
In 1992, my uncle modified the suit in civil court with correction of all lands and house property and also included all family members.
In 1995, second appellate authority (District collector) from Revenue court confirmed first appellate courts judgement and order.
Meanwhile, my uncle managed to enter his name on 7/12 giving reference to First and Second appellate orders from Revenue Authority. He mis-interpreted the order and entered his name illegally. He marked his share as one third though it was not in the order.
My father applied for revision to higher Revenue authority (Divisional commissioner) in 1995 itself. Now this revision has been came on the board for proceeding.
In revision proceeding my uncle produced certified copies of junior division civil courts order of his one fifth share. This order is given in 1996 and my father was absent for this civil court's proceedings. We were not aware about this order.
I am planning to appeal against civil court's order in district session court.
Can Limitation Act 1963 section 5, 14 and 17 help me in delay condonation?
RTS revision case is in proceeding in Revenue Commissioner's court about the same land.
Thanks,
Abhishek
Venu Gopal S
16 August 2012 at 14:11
What are the licenses and other legal requirements required under various laws for operation of homestay in a coffee estate on the buffer zone of a wildlife sanctuary?
Aurobindo
14 August 2012 at 22:47
Dear experts,
My ITax refund for AY 2007-08 has been long pending. After years of follow up this is now not paid to me but being adjusted against a newly found short payment of surcharge in AY 2001-02!!
I only have income from salary. In that year my Saral return was exactly as per the calculation shown on Form 16. The error if any was committed by my past employer.
1) They tell me that in that year surcharge was 2% for income under Rs150,000 and 17% for income over Rs150,000. My form 16 has calculated surcharge at 2% only. (So if this an error it should have affected hundreds of employees not just me)
2) The IT Dept is now charging interest u/s 234B and 234C on the unpaid surcharge and has set off the refund due in 2007-08 against this demand. Even after this there is an unpaid amount. So far demand notice has not been given to me.
3)Sec 143 notice not issued for 2001-02 yet but issued for subsequent year 2002-03 along with refund for that 02-03, many years ago. Also one more Sec 143 has been received for another year and some refunds for subsequent years were also given to me after follow-up.
4) So can IT still go back and recover tax and interest for 01-02 now?
5) All this time they told me that the return was not processed but now they say the date of processing is 2009. Even their system shows this date now which I have myself seen was not showing earlier in 2010. How is this possible?
Please tell me if
a) the adjustment / set off against demand IT has made is time barred ?
b) should this not be recovered from employer who is liable to deduct TDS?
c) why is this being brought up now and I have to pay interest for the past so many years?
d) What is my remedy?
Thank you in advance.
shailesh
14 August 2012 at 12:34
Sir there was a news on saturday that the maharashtra goverment had directed the prompters to pay VAT on sale of flat from June2006 till Mar'2010.
Further the article reflects the rate of VAT @ 5% in daily sakal and 2.5 to 3% in times of india, for registration upto Mar'2010.
And the rate of VAT is 1% from April 2010.
Kindly suggest as I have registered my flat in Mar 2010 at what rate I shall pay VAT to the developer as it is my liability
Further I have not received the possession of the flat.
CAN ANY ONE CLEAR MY CONFUSION FOR THE ABOVE MATTER:
WHETHER A DECEASED BROTHER'S INTESTATE PROPERTY CAN A PRE-DECEASED SISTER'S LEGAL HEIRS INHERIT.
AS PER ME REF:8(B) AND CLASS II (IV).
AN PLZ SEND A CASE LAW.
REGARDS
SWAGATA SEN
Re :allotment / agreement / agreement to sell
1)Is it must to resgister& stamp allotment a)letter b)agreement to sell done with builder
2)If yes can we pay the stamp duty now and registred now if not paid earlier
3) how much stamp charges to be paid now for agreement / allotemnet done in delhi in 2005
4) can arbitration clause is appilcable if agreement / allotment is not stamped / registerd