Whether it is mandatory that a penalty should be levied under the act..please provide anu supreme court judgement regarding the same...thanks in advance

Dear Experts,
I have a land who's market value is 60,00,000/- (max) but the current circle rate is around 1,68,00,000/- i want to sell the land and want to purchase 1 residential unit.
so the capital gain will be calculated on 1,68,00,000/- (i.e approx 31,60,000).
As per section 54F i have to invest the net sale consideration in the purchase.
due to unavailability of such huge amount of funds i will be able to invest only the amount 60,00,000 minus capital gain so chargeable.
please let me know how can i save the maximum amount of capital gain or is there any process so that the circle rates can be revised.

One my client has lost their tds return receipt for the Fy 12-13 and there after they have not filled tds return, so can I trace earlier returns filed by their earlier consultant, as the consultant is not giving any information..please help.

hi, if a person is a partner in a partnership firm and he has also sole proprietorship firm running the same business as that of partnership firm. if firm is paying job work charges to the partner's sole proprietor firm then whether partnership firm is liable to deduct TDs for same as amount has increased 75000.

Dear Sir/Madam,

If due to interest the loan amount has been increased and interest is more than Rs.20,000/-. Is it is to be disclosed in the Audit Report under 269SS.

With Regards,
B.J.N.Bhargav.

महोदय
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किर्पया अपना कीमती सुझाव दे

The Buildings are owned by an individual who lets out it to an educational university for lease rent monthly and service tax is collected and paid to govt. the lessee also deducts applicable tds.Is this lease income to be shown under the head "Income from house property"and standard deduction under u/s 24 can be claimed or " Income from other sources " ?

i had submitted itr of ay 13-14. but by mistakely i submit it as itr 1 instead of itr 4, so can i revise it and if i can do so, then is there any penalty or interest leived on me or not?

Hi,

I have a friend who is doing construction business and he purchases some instruments for Construction business which is intended for Costruction use of employees. Is is in Andhra Pradesh...
Please help me in resolving this...

Thanks in Advance...

Sir if a person acquires a property say of x area and progress on a JV with a builder to develop the said property with 50-50 shares holding in year. What would be the income tax/capital gain taxes on the proceeds.