Can rent paid to mother in law be allowed in HRA exemption if the house is in the name of husband?

Dear sir,
My client had purchased a plot of land (Plot No. 43A) on 10/06/2005. Plot area was 26.75 Sqr.mtr and Registered value was rs. 32000 (Including Stamp duty and registration fees of Rs. 2000).
In 11/07/2011, he had purchased another plot connected to previous plot (Plot No. 43 B).Plot area was 93.84 sqr mtr and registered value was Rs. 1240000(Including Stamp duty and registration fees of Rs. 240000).
Now he had applied in area development authority. On his application, area development authority had converted them into single plot by its order. Now total land area of the plot is 120.59 sqr mtrs.
Now he had applied in city survey office to divide a single plot into 2 plots of land having 60.295 sqr mtr land area for each. on the basis of his application his plot were converted in 2 subplots 43C-1 and 43C-2 having plot area of 60.295 sqr mtrs each.
Now he has sold plot no. 43C-1 having land area of 60.295 sqr mtrs in dec 7, 2012 for a consideration of Rs. 2000000.
It would be long term capital gain or short term..? And also help to calculate amount of capital gain..

Please help me in the above problem..

Hi,

I have a few questions regarding VAT issues and i want experts advice on this.

1.We have some imported articles which need to be sold online.How are we supposed to show VAT on that, we paid import duty but there was no VAT.

2. We purchase fabrics from local market then get it embroidered and stitched.For all these we get no bills.How do we show purchase and VAT?

3. We purchase some beauty products from online store and want to sell them.The invoice is in own name not company name, but we paid VAT.How to go about that?

Please i need help really soon.
I totally rely on your opinion.

Thanks,
Kat

Dear Experts,

My grandfather who is 80 yrs has certain FD on which the bank has deducted TDS.The problem is I am not able to view the Form 26 AS.I have registered his PAN in the income tax but not able to find the tab form 26AS anywhere.Can u help merd....

Thanx & regards

Hello everyone,

one of my client had income of Rs.400000/- and tax deducted Rs.40000/-. but he did not file his ROI.

now he has received notice for not filing the ITR for ay 09-10.

what is the maximum penalty and how i can save my client from penalty ?

Sir-

If the assessee has occupied vacant land, then later on the owner of the land came to know that his land was used by the assessee.even though the assessee was not paying any rent or so.

The owner had paid a lumpsum amount to the occupancy to vacant his land.

Whether such amount is taxed under capital gain ? under which section can the assessee claim the exemption benefit, if so?

thanks and regards,

Sir-

If the assessee has occupied vacant land, then later on the owner of the land came to know that his land was used by the assessee.even though the assessee was not paying any rent or so.

The owner had paid a lumpsum amount to the occupancy to vacant his land.

Whether such amount is taxed under capital gain ? under which section can the assessee claim the exemption benefit, if so?

thanks and regards,

We r a manufacturer of steel furniture. we are selling steel furniture to our customer with charging excise and VAT. we are also selling Tools as per the customer's requirement. but we are not manufacturing it in our premises. we r purchasing such tools from non-excisable suppliers / manufacturer and selling it to the customer without charging excise duty. we r raising trade invoices for such transactions. is it right? pls guide to make trading transaction for excisable units. what documentation should we keep as per the excise rules? Pls. suggest. Thanks

I want to import TABLET, I-phone as a some sample from China. Now, IEC code is require? And do I have pay any import duty ? & How can I send payment to China ?
Please help me,

Dear sir,
We are a manufacturer and also trading some of the material in same category which we can not manufacture. We have registered ourselves with Central Excise as a manufacturer and a Dealer as well, on the separate address. Separate accounts for Trading & Manufacturing purchases and sales are also maintained.
Now my query is, while doing trading activity, can we avail Cenvat on the trading purchases and pass it on to our customers.
Your guidance in the subjecte matter would be most helpful to us.
Thanks,