An individual owns 30 cents of agriculturakl land situated outside notified area-but he does not have proof to show that the land is agricultural - at the same time he has added agricultural income for rate purposes for the last 5 or 6 years
Now the question is whether he will have to pay tax if he transfers possession of this land to a builder for construction under a joint development agreement -
What is your answer to the above?
Alternatively if he converts the property into stock in trade and offers it for a Joint Development , he can delay payment of tax without interest till he sells it in full or in part . If he selle only a part of this he'll pay only proportionate tax - otherwise full tax-in this case he will be required to pay tax on business income as well in the year of sale.
Which alternative is better for him ? Or is there any better tax planning?

Assessee withdraw merely 20000.00 for house hold expenses and he lives in lower-middle level of town with moderate living standards, he has 4 members in his family, all are dependent on him, he has paid 100000.00 on LIP for his life,in the assessment proceedings AO added 40000.00 as u/s 69A. without narrated any reason or finding.

MY QUERY:
1.Whether AO has rightly added an adhoc addition on HHE merely on the basis of number family members.
2. Is there any case to get the relief.

Please send me note on servicetax ,
it's applicability,tax rates, ammendments etc.

we are manufacturing of various types of cranes
1-we are onlu corporate office
2-we are purchase various types of cmponents in the open market and assembles in the purchasers premises and sold to them and fit in their premises
3- we are not any manufacturing unit
4-we are not ssi unit because we are handle all activities in our office only
5-whether exemption limit of rs.150 lakhs is available to us or not
we are registerd as a srvice provider in service tax and paid service tax time to time whether we are tranferred from service tax to exice or not
6-pl clerify whether we are transferred from st to exice as a manufacteres

where i can get the details about shares,stocks and their procedures for selling,purchasing,transfering etc.i want to get the overall knowledge about shares.how can i get it,by refering what books or website or anything else.

Dear Sir,

Kindly explain me the procedure for purchase of second hand flat?

gist of AS11

What is the detailed procedure for e-filing of annual returns under the Companies Act for Sec. 25 Co. not having Directors.
the officers signing the physical returns in the previous years have been the Chairman and the Secretary of the Association.
whether application for Din is required?
If so whether DIN2 &DIN 3 to be filed?
Whether any changes in Co. data to be done before filing of the return are after?

hi sirKAPIL G THOKRE i have asked u that one of my frd has passed cpt but he had failed 10 +2 n he has got 78% marks canhe registerfo pcc nu have said that he can register by giving assurance n u have also said that 78%is enough for assurance that he will clear his 10+2 n now iwanttoask u how he should give assurance i mean at the time of registration he should ask receptionist for extra documents for giving assurance . pls ans sir he n me will be thankfull to u.heis goingtoappear 10+2 in march 2008

If a factory appoints an intermediary,say, an individual, who is responsible to arrange for goods transport facility, who is liable to pay service tax?