Vignesh

In case of claiming exemption U/s 10(37)the land needs to be agricultural land. But what exactly is the definition of agricultural land for the purposes of this section?
Sec 2(14)(iii) says agricultural land not being so and so is not a capital asset. but does not exactly define it.

My question is, if in case an agricultural land has been converted to non agricultural property in municipal records but agriculture is still carried out on the said property can it still claim exemption U/s 10(37) ?

(It is listed as a non agricultural property due to the conversion but is still being used for agriculture on the date of compulsory acquisition.)

What is the basis for the definition? The work carried out on the land or the municipal records?

In case if you could direct me to an exact definition of agricultural land it would be appreciated.

Thanks.



Anonymous
03 August 2013 at 12:22

Merger and aquisition

Can anyone please provide me the complete data of merger with check list and petition of two pvt. ltd company.


vimal suthar
03 August 2013 at 12:19

Filing of a belated return

A RETURN IS SUBMITED FOR A.Y.2012-13, IT WAS BELATED RETURN AND THERE IS A MISTAKE IN BELATED RETURN AND IT IS CANT REVISE SO WHAT CAN I DO FOR REVISION OF RETURN.... IT WAS ONLINE SUBMITTED
THE RETURN SUBMITTED WAS A REFUNDABLE RETURN
IF BELATED RETURN ACKNOELEDGEMENT ITR-V NOT SEND WITHIN 120 DAYS FROM FILING THE RETURN & IT WILL BE CANCELLED THEN CAN I FILE A REFRESH RETURN ?

DATE OF FILING OF BE LATED RETURN IS 05/07/2013 AND END OF 120 DAYS AS ON 05/11/2013... AND ASSESSMENT OF THIS RETURN IS COMPLETED ON 31/03/2014
IN BETWEEN 06/11/2013 TO 31/03/2014 CAN I FILE THE BELATED RETURN IF ASSESSMENT OF RETURN IS NOT COMPLETED BEFORE 31/03/2014.... IT IS A REUNDABLE RETURN...NO TAX IS PAYBLE IN THIS RETURN


kartikey
03 August 2013 at 12:16

Gift of plot to my son

I had purchased one plot on my own. now i want to gift that plot to my son. what is the cheapest and safest method so that my daughters can not put any claim on it in future and also my son need not spend money to get it in his name



Anonymous
03 August 2013 at 12:07

,nt notification availed

Dear Friends,

we are a manufacture of PP Pilfer Cap & aluminium printed sheet bearing tarrif No. 83099010 & 76071995. we export this item under lut & Rebate also domestic sales we know that the NT Notification availed & Serial No of above mentioned Item.

please reply me its a urgent because excise return date is coming so please help me

Thanks
Raman


sri
03 August 2013 at 12:04

Urgent

Dear sir
My partnership firm have 2 source of Incomes 1.Godowns 2.Building leased to restaurent.
for godowns we are collecting service tax and paid to ST department. is there any need to collecte service tax on leased premises whose lease receiced 6 lakhs per annum.


CA Rohan Mehta
03 August 2013 at 12:02

Huf

whether clubbing provisions are attracted when a karta gives a gift to his huf ?

if yes , then what are the ways to bring corpus into huf ?


Pradeep patidar
03 August 2013 at 12:01

Itr form

A person is not member of any proprietorship firm but continue his own profession without any registration. his income is not over 200000. but he want to file a nil return. which form that he should file. he has income only by his profession and he is not registered. And also he need not to be registered under any law. And also he is not maintaining any books of accounts because he need not. please help



Anonymous
03 August 2013 at 12:00

Regarding cc paper front sheet

from where to download CC Papers Fornt sheet?
Is it Compulsory to attach shhet which is provided by Institute?



Anonymous
03 August 2013 at 11:56

Loan

Dear Sir,
As in case of gift from relative, gift deed is required to draft.
Suppose a person takes unsecured loan from one of his relative, then whether he has to draft any deed or agreement
or
taking cheque of amount is sufficient to proove loan?





CCI Pro
Follow us


Answer Query