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M KASI BABU
19 March 2014 at 18:00

Correction filling

i have sent correction filing for 26Q Q2 today with c3 and c9 corrections
c3-update of existing
c9- new challan
while uploading at karvy both options got selected. but we got ackonlwdgement for c9 correction. is it correct or am i need to go again correction filling.

guide me

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Abhinand Saxena
19 March 2014 at 16:35

Appeals

Hi..... I have to prepare an appeal before CIT(a) against an order u/s 143(3). I have few questions regarding this matter... 1. Is any court fees required to be paid on Form 35 or on the copy of assessment order?? 2. is the assessment order copy required to be certified?? if yes... by whom?? 3. which Assessment year to be filled in challan while depositing appeal fees?? Kindly answer.... Thanks..

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Bharat
19 March 2014 at 14:03

Capital gain on house property

If House sold at Rs.2500000 But Don't know cost of Construction of house Property Than Architect Valuation Report Valid For Know Cost Of Construction Value ?
1. If Yes Than Valuation Report Obtain From Architect Before Sale Of House Property ?

2. Let HP Construct In 1996-97 And Sold In 2013-14. In This Case 2001 Valuation Report Valid For to know cost of construction. ?

Pls Rply Asap Tha'x for advice..

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Anonymous
18 March 2014 at 17:27

Long term capital gain on property

I have sold my residential property after period of approx. 6 years in month of dec 2013, what is total time period for reinvestment and if i unable to buy another property before march 2014, shall i need to separate this fund from my regular bank account and give intimation to income tax department separately from ITR

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Naresh Soni

Respected Sir,

I have query pertaining to applicability of provision of section 194IA wherein advance consideration for the property amounting Rs. 74 lakhs out of total Rs. 110 lakhs has been paid before June 01, 2013. I want to know whether provisions of section 194IA will be applicable to the same. Further will also request you to please confirm whether answer of the above mentioned question will change in case of more than 1 trasferors/transferee.

Kindly revert on the same at highest priority.

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Krishna
18 March 2014 at 07:46

Income tax return

hi friends, I have wrongly file ITR for ay 2011-12 in form, but it was for ay 2012-13. now what to do kindly suggest thanks

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Rakesh B. Surve

sir myself and my 2 brothers are willling to construct a residential project on our ancesteral land. is there any requirement of Partnership or AOP formation. My C.A.told us that we are developing the property on our own and not doing a Joint Venture with any third party ( builders) so it is not mandatory to form a partnership or AOP. We can execute a project jointly as a proprietory business. Is it according to Income tax law? Please guide me in this.

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Anonymous
16 March 2014 at 17:12

Capital gain tax

I purchased an under construction apartment in may2008 from builder under housing loan (through article of agreement document for which full payment was made to builder in may 2008 itself) and received possession via a sale deed in jan 2013. I needed to know

1. Whether I can avail of long term capital gain tax or short term tax?
2. If short term tax, can I deduct the interest paid on the loan for these years - as cost ofacquisition - considering that thesehave been over and above expenses paid to the loan bank. Or is it only the cost of purchase +stsmp duty+registration that is to be deducted from the sale amount for cakculation if capital gain tax?
3. In case of short termcapital gain, if I reinvest the profits on sale in the same financial year, can I save on this tax?

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Rachit
12 March 2014 at 12:24

Medical re-imbursement

An employee pays mediclaim policy premium of Rs.15,000 p.a. for which he is claiming deduction u/s.80D and the same is granted by the employer. Further he is also entitled to Rs.15,000 as medical reimbursement from the employer, Can he furnish the same mediclaim policy receipt of Rs.15,000/- to the company to claim this amount of Medical Reimbursement ?????

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sourabh tukliya
11 March 2014 at 13:12

Allowability of loss

i invested over the last three yeara 5 lacs a year (total 15 lacs) in an insurance scheme...the returns were very poor..as a consequence liquidated the policy...the 15 lac investment shrank to about 14.5 lacs ...a loss of 50000. can this loss be written off against profits ?

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