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CA Keyur Shah
18 July 2011 at 19:55

tds on nbfc

company have not deducted tds on nbfc in last 2 year. now i want to deduct and give effect in a/c as well as taxation. what is the remedy/

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Anonymous
18 July 2011 at 18:05

whether exemption is eligible.

My client give the donation of RS. 1,00,000.00 for religion purpose(not for renovation and repair). whether full amount is eligible for exemption u/s 80-G.

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CA Kalpesh Vekariya

Sir,
One Individual has transferred one agricultural land into Non agricultural land for Industrial purpose and divided into 11 plots and then some of plots sold to others.

can individual get benefit by purchasing another agricultural land because above land is converted for Industrial purpose plots ?

if above land is within and not within the municipality limits what is tax consequances?

what can be tax planning of above.
and if we have to do above transaction now what can be tax planning.

Humble Thanks for solutions

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praful
18 July 2011 at 10:54

tds on salary

Land is in wife name & husband construct house from loan.Whether husband is eligible for Income tax benefit on loan taken ?

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pvsrikanth
18 July 2011 at 09:56

TAX

DEAR SIR,

AGRICULTURE INCOME, EDUCATIONAL INSTITUTIONS INCOME & HOTEL INCOMEE ARE EXEMPT FROM TAX OR NOT?

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MANISH PATNI
18 July 2011 at 09:18

TDS ON TRANSPORTER

If my client paid freight of rs less than 35000 in the year to a particular truck owner who do not hv PAN, is there any TDS liability arises on my client.. or if that truck owner hvg only one truck then what happen ?

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ravi agarwal
17 July 2011 at 14:51

LTCG UNDER 112 N STCG UNDER 111A

SIR PLEASE SOLUTIFY THE GIVEN PROBLRM :
Mr. A (resident) has the following incomes:
Under PGBP = 150000.00
STCG on equity shares (liable to STT) = 15000.00
LTCG = 25000.00
Total income = 150000+15000+25000 = 190000
BEL = 160000.00
Calculate the tax payable by him.

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Kapil Khanna
17 July 2011 at 14:33

Clubbing of Income - Loan for Shares

I give an interest free loan to my wife of 1 lac. She uses it to trade in shares (futures & options) and generates income of 10k p.m. 1. Will this income be clubbed with my income?
2. If I charge interest on loan, can I avoid clubbing of income?

Please advise.

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CA Manish Khanna
17 July 2011 at 09:47

Sec 50C

Land is located in Green Belt. Green Belt is an area as per law where no building can be constructed.
(A) This land is sold at rates below circle rates.
Decide capital gains vis a vis Sec 50C.
(B) The agreement to sell the same land was entered at a price above sale rate but by the time sale deed was registered the circle rates rose higher than the contracted rates. The sale was concluded at lower rates. Will Sec 50C be apllicable?

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Anonymous
15 July 2011 at 19:35

Capital Gain

Dear sir,
One of our client is selling the land @ 250/sqft coz his land is located at some LOWER ZONE, but along with a condition that if at any time the land zone upgrade than the builder/purchaser have to pay additional sum @ 250/sqft.
Now the Question arises that whether we have to Tax on Rs 250/- or Rs 500/- at the time of Trf.
as Capital gain accrues on the day of Trf itself.
2nd point, if i show sales value @ Rs 250/- only than later on the remaining sum will be Taxed @ 30%.
& if i show Rs500/- as sales value than CG will be taxed even i had received the sum.



i saw too many case laws regarding compulsory Acq. or Compentation received but didn't find the case law in case of Proper Trf of CAP Asset charging capital gain on Receipt Basis.
So please refer the case laws if any in this regard.

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