SITUATION

MR.K(EMPLOYEE) HAS BEEN EMPLOYED WITH IOC(EMPLOYER). MR.K IS A OWNER OF HOUSE PROPERTY.
THIS PROPERTY IS TAKEN ON A LEASE BY IOC ON APPIONTMENT AND SUBSEQUENTLY GIVEN BACK TO MR.K AS A RENT FREE ACCOMADTION.
NOW. THE PROBLEM IS THAT HERE MR.K IS BOUND TO PAY TAX ON HOUSE PROPERTY U/H THE IHP AND AS PREKS IN RULE 3(1) U/H SALARY.

PLEASE EXPLAIN WHAT IS TO BE DONE IN THIS CASE & IS THERE IS DOUBLE TAXATION?

a company inreased its income by way of fraud, to take a loan from bank.
two year after the mal practice has been discovered by income tax department.

can the company now make a claim to refund tax of the inflated income previously paid.

Dear Friends, I have a little doubt in my mind. When we deposit the Capital gain AMount in Investment scheme u/s 54 for claiming exemption, we need to utilise it for purchase of property. SUppose, in next year I withdraw the LTCG amount from the scheme and utilise it somewhere else. Then in that case, the so withdrawn amount shall become LTCG in my hand in that previous year in which money so withdrawn. Now, if I have some LTC Loss also, then can i get set off benefit between these two, i.e LTCG due to withdrawal of money and not utilising it properly, and the Long term capital loss. I hope I am clear, if anything not understood please let me know.

Dear Friends, I have a little doubt in my mind. When we deposit the Capital gain AMount in Investment scheme u/s 54 for claiming exemption, we need to utilise it for purchase of property. SUppose, in next year I withdraw the LTCG amount from the scheme and utilise it somewhere else. Then in that case, the so withdrawn amount shall become LTCG in my hand in that previous year in which money so withdrawn. Now, if I have some LTC Loss also, then can i get set off benefit between these two, i.e LTCG due to withdrawal of money and not utilising it properly, and the Long term capital loss. I hope I am clear, if anything not understood please let me know.

Hi

Please clarify whether suo moto acceptance of contravention by the contravening party attract any penalty under FEMA?

HELLO

CAN I PAY STAMP DUTY ELECTRONICALLY???
PL LET ME KNOW D PROCEDURES......
PL HELP FRNDS

REGARDSS
SANGITA

WHETHER LTA RECEIVED BY AN EMPLOYEE IS EXEMPTED FROM IT.IF HE SUBMIT BILLS WHETHER HE CAN CLAIM EXEMPTION

we are ASC (authorised service centre) of bajaj auto ltd, hoshangabad, having turover of less then 4 lacs per annum, through free service and paid labour, but service tax authority are saying that you are using mono and brand name of bajaj hence you are not exempted and you have to pay service tax.

so kindly ans me that we have to pay or not.

Dear Sir,
I am a PCC student doing my articles to appear for May 2010 exams in Cochin.i wish to know whether SA s or AAS would be applicable for my exams.
VISWANADH. R

AO has not served notice of demand to assessee, and taking recovery proceeding. In actuallity assessee is in default ie. he has not paid complete tax. how to overcome?