I would like to submit the copy of judgment in cae of CIT V. Rajiv Udyog 227 ITR 209 (MP) for penalty proceedings. Please mail me, if you have the judgment copy at the earliest.

with regards,

CA.Ganesh K.Shetty

We regularly send goods through a lorry
trasnportor and pay freight Rs80000/-, we have not any type of contract, Whether we shall deduct TDS?

Please answer it urgently!!!

Case facts : i have original housing loan from ICICI bank. I have transfer my loan in sept 08 from ICICI to SBI & paid outstanding principal of Rs. 16L & shifted my loan. From Oct to Mar i have paid Rs. 80K on account of principal 65K & 15K on account of principal repayment to SBI.

My Question : How much i can claim in sec 80C?

Whether it 16L+15K = 16.15L or its only 15K.

In case of 15K then please give me the details of rule or section note or any other case law for that.

In february'2009 Notification issued by Service tax Dept. Regarding No Service Tax to be applicable to Contractors Who engaged in Construction of Residential Complex.

Now, Whatever Service Tax already paid under this category it is possible to apply for refund?

OR as per new notification still continue to collect service tax from customer & pay to the Govt?

Further, the registration number continue OR to submitt to the dept?

Please clarify in detail

Jigish Shah

Please answer it urgently!!!

Case facts : i have original housing loan from ICICI bank. I have transfer my loan in sept 08 from ICICI to SBI & paid outstanding principal of Rs. 16L & shifted my loan. From Oct to Mar i have paid Rs. 80K on account of principal 65K & 15K on account of principal repayment to SBI.

My Question : How much i can claim in sec 80C?

Whether it 16L+15K = 16.15L or its only 15K.

In case of 15K then please give me the details of rule or section note or any other case law for that.

Please answer it urgently!!!

Case facts : i have original housing loan from ICICI bank. I have transfer my loan in sept 08 from ICICI to SBI & paid outstanding principal of Rs. 16L & shifted my loan. From Oct to Mar i have paid Rs. 80K on account of principal 65K & 15K on account of principal repayment to SBI.

My Question : How much i can claim in sec 80C?

Whether it 16L+15K = 16.15L or its only 15K.

In case of 15K then please give me the details of rule or section note or any other case law for that.

there is an agriculture land i.e. it is not a capital asset.A small area of that land is compulsorily acquired by the state govt. for which compensation is given to the assessee. the land is to be used for laying pipeline. To be more specific we can say out of 100 sq.feet 1 sq.feet is acquired by govt.It is important to note that in the Agreement it is very clear that Ownership will remain with the assessee. But he cant use that area (i.e for the purpose of cultivation or anything else)where pipe line is laid.

My query to the experts is:
1. whether compensation would be taxable
if yes then under which head of income.
please answer specifically & if possible with the help of provisions & caselaw.

if not then also explain the reasons.I think the experts didnot get it I strongly emphasised that Agricultural land is not sold ownership remains with the assessee

Please provide me Recently case laws & amendment in Section of income tax act
and if you have any website WITH LOCATION from which i can this collect data EASILY THAN PLEASE PROVIDE ME.

Thanks & Regards

plz advice me...

we are a manufacturer of LAM Coke. our final product is exempted from the excise duty. now my point is that we sold the goods Ex-Plant Rate.& on behalf of the purchaser we arranged the transportation & also paid the Transportation & service tax(25 %of transportation s.t. paid) on transportation by us. & another side we purchase the raw material, paid the transportation & service tax for inward transportation. now plz ADVISE ME that may I avail & utilise A CENVAT CREDIT OF SERVICE TAX WHICH PAID ON THE INWARD TRANSPORTATION for the payment of SERVICE TAX PAYABLE ON OUTWARD TRANSPORTATION.

plz advise me & may i avail this benefit for the last year i.e. 2007-08.

thanking you,

regards
sandip bhogayta

Dear All,

I need your opinion in the following matter: I was working with Company A from 1st April to 17th October and received gross total income of 5,38,000/-. On this amount Company A has deducted Rs. 77,000/- as TDS against actual liability of Rs. 56,000/-. I joined Company B from 3rd November and will be getting gross total income of 3,96,000/- up to 31st March. Company B has asked for the income and TDS details of my salary from Company A.

Company A has not issued me Form-16 yet (they say it will be issued in June-09). I have got a final tax calculation statement from Company A as on the date of leaving (17th Oct). However, it is just a statement of tax calculation from 1st April to 17 October and does not have any proofs of tax deposited etc.

Company B accountant says he will not club the income as I don't have full details of taxes paid etc. (details as given in Form-16). Accountant of Company B says he will only consider 3,96,000/- as my income for the year and will assume that I have not given any details of my income from Company A. He says, should he club the income of company A, he should need all the details like cheque numbers and bank details including the date of deposit of tax.

Is this correct stand? Is statement of tax calculation issued by company A not a conclusive enough proof to assume that tax would have been deposited in income tax in my account?

His argument is that I can later on club two form 16s and prepare a final return on my own and pay any outstanding tax on that. Please suggest what should be the best course of action for me.