If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?

Please reply.

A RESIDENTIAL HOUSE PROPERTY IS PURCHASE ON DATE 04/06/2005 FOR RS. 352510 INCLUDING STAMP CHARGE AND REGISTRATION CHARGES.

SAME IS SOLD ON DATE 29/07/2009 FOR RS. 675000/- THERE IS CAPITAL GAIN ON PROPERTY.

A NEW RESIDENTIAL FLAT PURCHASE ON DATE 24/11/2010 FOR RS. 1035195/- INCLUDING STAMP CHARGES AND REGISTRATION CHARGES AND ALSO 55275/- FOR LIFE TIME MAINTANANCE.

A CAPITAL GAIN WAS DEMANDED AS EXEMPTION IN THE ASSESSMENT YEAR 2010 - 2011.

NOW NEW PROPERTY WAS SOLD ON DATE 25/09/2012 FOR RS. 1060000/-

AND NEW HOUSE PURCHASE FOR RS. 1165200/- INCLUDING STAMP CHARGES AND REGISTRATION CHARGES

SO WHAT IS THE TAX TREATMENT ON THE ABOVE CASE

IT'S VERY URGENT

REPLY FAST AS EARLY AS POSSIBLE


THANKS IN ADVANCE

If an audit report(3CB-3CD) was filed but in the attachments, for balance sheet and Profit and loss A/c only 1 page each for both was uploaded without any annexures.

Are there any consequences of filing revised Audit report just to correct the mistake in these attachments?

Please reply. Its very urgent.

Can any one say me. What is criteria for not charging depreciation on building, whereas building is an depreciable item and AO will charge depreciation whether assesee charges or not. If assesse charges depreciation on building then it will be STCG u/s 50 otherwise LT on sale of building and consequent ly it will be exempt. assessed is company so u have to keep in companies Act also.

what is the definition of Transporter for TDS u/s 194c

I am in retail trading business with a turnover around 25 lacs per year.

My firm is partnership firm.

I am not declaring my income 8% of gross receipts.

So please let me know Sec 44AD & audit is applicable for me or not.

Regards
Amit Kumar
delhi009@yahoo.co.in

i have purchase plate rs. 900000 and agreement rs. 245000 in may 2012
and sale this flat may 2013 rs. 1025000 and agreement rs. 265000 my query is
what my capital gain ?

Hi Experts,

As we deal the various foreign client, we have a substantial amount of foreign withholding tax in our account. My question is that can we treat this entire amount as expenditure in sted of carrying it under Withholding tax category? Is there any other treatment that we can do with it? As per my understanding like the domestic withholding tax it is not refunded and if we are incurring loss we can't adjust the foreign with holding tax.Please help me. It urgent!!

Thanks

A company is engaged in agricultural activities on a land which was not within the municipal limits till AY 2013-14. Now the land has been included in Municipal Limits w.e.f. 01st May 2013. Would there be any wealth tax on such land now?

Also please suggest whether the agricultural income on such land would be exempt or not from Income Tax now?

In my income tax return i have demanded credit of tax and refund as per my 26as but as at that time few deductions of tax were not showing in my 26as but is now available. How can I demand balance amount of tds as refund.