1)Whether there is the taxability of the amount gifted in any occasion of family member?

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

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