Anonymous
09 November 2011 at 20:40

Pan urgent!!!

Earlier i have applied for PAN and received only PAN through information not PAN Card , now i want to apply for reprint but i am not confirmed about address mentioned earlier , whether now can i write any address,if same is required as address Proof???

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ChirAg Jain
09 November 2011 at 16:15

About pan card status

how can i ensure the status of assessee other than the forth letter of the pan card
to have a legal proof ??

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PUNEET GOYAL
09 November 2011 at 15:42

Investment in units of ulip of lic

If investment made in units of ULIP of LIC has been withdrawn before the expiry of 5 years then what will be the tax treatment?

A person has made investment in ULIP in fy 2005-2006,2006-2007, 2007-2008 (of rs 25000*3= 75000/-)and withdrawn the same in 2009-2010 and got rs. 90000/-. Now please tell me the tax treatment in above case.

Thanks in advance

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T S Sarangarajan

There have been few questions on this topic and few answers. I too got a e-Mail notice for whooping demand of 5,00,034(this means I had got atleast 3 times more money -- I wish I really got it) for Ay 2007-08.

I have not got any other notification. Now how do I get the actual calculation used. When we used to get mail from CPC they used to give a sheet detailing line by line their calculation side by side with ours (when we file).

Also one more question, what are the information AO uses to assess our income tax. He/She would have access to our returns and Form16 -- Anything else. This question to trace and figure out the source for me to collect the information

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Anonymous
07 November 2011 at 13:03

Capital gain tax liability

An individual who purchase property in 2001-02 for Rs.5,04,000 and sold in 2011-12 for Rs.38,00,000 against purchase of property for Rs.30,00,000 new property. A)What would be tax liability? B)Where can fund be invested and C) Indexing would be apply or not?

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Anonymous
06 November 2011 at 17:39

Business trust

Please provide guidance about business Trust.
As section 2(15) define charitable trust but section 11(4) through out exemption for business trust and amendment made by finance act during A.Y.2009-10.
Please provide biferacation if any u have
thanks in advance

Answer now


Anonymous
06 November 2011 at 11:36

Disallowance u/s40a(ia)

For AY 2009/10 assessee (transport contractor) Engaged truck operators owning less than 2 trucks, obtained Form15I from them but failed to file Form15J by 30-6-2009.Ao during asst proceedings wants to disallow payments to thes truck operators u/s40a(ia) saying that provisions of TDS chapter have not been complied Is he justified? Are there any caselaws to the contrary? Can form15j be filed with commmissioner now &condonation obtained?

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Vasant Sohoni
05 November 2011 at 23:53

Sale of assets

A company has purchased Industrial Gala for Rs 44L in 2007.
Company has claimed depreciation till now.
From 2008 Company was functioning as 100% EOU so no Income tax has been paid.
Now the Company has no more export orders.
Also The 100% EOU Tax benifits are no longer available. As there is no revenue the company has no Income tax liability.
Company also has incurred loss in the last year. As the company does not see other export opportunities, now wish to Apply for de-bonding from 100% EOU status. Company also wishes to sell the said Gala, market price of which is over Rs. 95L.

How should the earnings from Sale of Assets be treated? Can the Profit from the sale of asset be set off against the loss from business activities?

How would the capital Gains tax be applied?

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Anonymous
05 November 2011 at 21:22

About return filling

Plssss... help me, One farmer land is aquired by govt. for road . He has no any income, either by any way. He has recieved Rs.1000000/- and TDS has deducted Rs. 100000/-. Under which Sec.he will get relief and can get refund. Sanjay.

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kirankumarreddy
04 November 2011 at 16:08

Nri issue

Where a NRI company provided some service to the indian company and TDS is deducted and service tax is paid for the same. Now my question is such NRI company need to file return in india where it is already allotted PAN also. how to show such income in while filing return.

thanks in advance

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