DEAR SIR,
IF I DEPOSIT RS 20,000 TO ANYOF MY RELATIVES BANK A/C, HOW MANY OF THIS AMOUNT IS TAXABLE..........?

SUPPOSE IF I DEPOSIT 15,000 & 10,000 ON SAME DAY BUT IN DIFFERENT TIME, IN THAT CASE ALSO THIS AMOUNT IS TAXABLE?? (AS TOTAL AMOUNT IS EXCEEDING RS 20,000 PER DAY)???????????????

PLEASE CLARIFY..................

THANKS IN ADVANCE.......

Friends,

One of my Assessee having 3 lands ownerships in percentages amongst brothers in Baroda Area. Where the Assessee decided to retain only 1 land and sale the 2 land ownership percentages/rights to other brothers and on sale my assessee receives the amount of sale consideration and against which 1 he retains he pay off to his brothers share as purchase consideration.

i.e. Land 1 (which my assessee retains) pay off his brothers Rs. 54.00 Lacs (purchase consideration)

Land 2 (which my assessee receives on his brothers on sale Rs. 30.00 Lacs (sales consideration)

Land 3 (which my assessee receives on his brothers on sale Rs. 40.00 Lacs (sales consideration)



Now query is that on calculation of indexation if capital gain arrives some amount, can I claim the CG against my new purchase, under section 54EC upto Rs. 50.00 Lacs as per REINVESTED in Land.

The whole transaction is done in Baroda Area within the Municipal Corporation Limit.

Please give URGENT Feed Back because 15th March, 2009 is nearest for Advance Tax if you resolve the query fast so I can make the payment in time

in Short can i claim gain against my purchase land?


Waiting your reply.

NILESH H GAJJAR

Pls. guide me what is Investment allowance reserve, and his treatment.

is there is a vat claim on packing material like polybags, carton boxes?............

Sir,

I am working in a company where i was getting Rs.8000/-PM salary for the financial year 2007-08. and i earned a commision on sales on whole year of Rs. 130000.00 but he not paid me in till jan,09 and i was filled my return of Rs 135000.00 and tax paid of Rs.3006.00 (inc intrest) NOW company is giving me my commision now what to do. how should i treat this income.

Harish

Hello,
1.One Vendor(A&Co.) import 100 Qty. of raw material and pay CD&CVD though bill of entry.
2.After import A&Co supply the same material sales to B&Co through their 5 invoices 75 Nos., but A&Co not register under Excsie i.e.Regn.number not taken by A&co.
3.A&co also send the bill of entry copy after endorsement to B&co.
Sir, My Qyery is as below:-
(a)Can B&Co. take cenvat credit on A&Co invoices in this case that A&Co is not regn. under Excise.
please reply urgently.
Regards

whether ajay jain is good for pcc income tax , if other teacher is there then pls suggest pls give your valuble view in this regard as soon as possible

Dear Experts I would like to clarify my point

Recently there was a notice issued by Service Tax Dept. to the leading Computer Dealers to pay service tax on the payment received by them as discount received on purchase / Sales incentive / turnover discount.

In this instant case compu dealers are selling the branded products such as hp compaq, Lenova, ACer etc

They purchase the goods from the distributors, however they will receive the Purchase or turnover discount / Sales incentive directly from hp / lenova / acer

In this case i would like to know whether the anount received by the compu dealers by what so ever called will attract service tax under the head Business Auxilary Services or not?

If Bus Aux Ser is not attracted by Ser tax? to support this stand Is there any case law available ?

Kinldy clear my stand at the earliest

I am registered under service tax

however my gross receipts is below 10Lakh

so i am eligilble for abatement i.e. I dont charges service tax or deposit tax

however i have input service tax credit.

what should i do

IS IT TRUE THAT WHILE AVAIALING ANY ABATEMENT I CANT CLAIM INOUT TAX CREDIT

Hi friends,

Can any one suggest me that "Audit fee" is a statutory liablity or not?
If its statutory liablity than it includes all fee like VAT audit fee,tax audit fee,consultancy fee etc...


thnx
Manish Pareek