ABC Ltd. is holding only one immovable property costing Rs. 25.00 Lacs since 2001. The Capital structure of the Company is Share Capital 1.00 Lacs and Unsecured deposits from directors and relatives of directors Rs. 24.00 Lacs. Now the comapny transferred 1.00 Shares to Mr X, Y, & Z at Rs. 1.00 and withdrawn Rs. 24.00 Lacs from Comapny and new promoter introduce Rs. 24.00 lacs. What will be the tax complications of Capital Gain. Plese quote relevant case laws

Dear sir,


whether or not attract interest on late furnishing the return of income in the following case?

A individual is not submitting the return of income for the assessment year 2011 - 12 in the assessment year 2012 - 13.

If an agricultural land was purchased in 2008 for Rs. 500000/- .in 2012 the land is sold for Rs. 100000/- as residential land.
Will the profit is taxable as capital gain or not.

Dear Experts

What are the sections dealing with advance tax in Income Tax


Thanks in advance
Nagaraju G

Dear sir
Suppose we raised invoice to our sister concern in Bangladesh of 1000 usd

Can we received this amount from honkong ( also sister concern , our head office ) on behalf of Bangladesh?

experts please reply

thanks

Dear Sir

what is the rate of percentage on Rent payment to NRI either 20% or 30% please intimate me sir


Thanking You

I am discontinued my business (private limited)on 30.04.2012

1) what is the procedure to file income tax return?

2)is it mandatory to dissolve the company to prove the discontinuance of business? (because the company has to wait till year end to dissolve in ROC)

Hi

Want to sell a piece of agricultural land. Please let me know on following

1.Documentation in gram panchayat
2.Applicable section in IT so that tax can be minimized

Thanks in advance

dear all,
my father hold a property(rural agriculture land)received from grandfather in inheritance.we are four brother.he want to sale it. please tell me tax consequence in my father hand if he sale the property,and also tell me if my father distribute such amount in us......
than is it taxable in our hand.

thanks.

I would like to know whether a trust can have multiple PAN??
Say if the trust is running an educational institution , than can the primary section have different PAN than PAN of Secondary Section or junior College...