A land held by an assessee for more than 3 years is acquired by the National Highways for laying national highways road. Is the capital gains arising due to the acquisition by the National highways liable for capital gains tax?
Sir I qualified ca inter ,now I am interested to register for cs executive program , I lost my CPT certificate , can I submit Ipcc certificate instead of CPT .If not please suggest me how to register for cs executive program
WE have given some area on lease. The service tax amount is Rs. 44500/-per month. The lessee has not paid rent for last two months. I want to know that whether I will have to pay service tax in case of non receipt of rent.
Can a private company as per new companies act, 2013 avail loan from director's relative, shareholders, HUF etc. & what is section/provision of the same?
Hello,
If someone has ancestral land which he has costructed as residential building and sold it then
What is the treatment in income tax for filling of return?
Is it treat as capital gain??
Or treat as contractor??
Or any???
If I accept amount for payment of Income Tax, VAT, Service Tax more than Rs.10.00 lakhs in single payment and same has been paid through e-Payment.
What is the consequence for this transaction?
Hellozz..
One of my friend having his Ancestral land, and now on land he constructed a Residential Building.
And sale the Flats of Building..
Then What about its Taxability???
And Construction is not business of him, Thus I think Land converted into Building can't transfered into STOCK IN TRADE.
Whethere it is treated as Capital Gain???
Plz Guide me about this..Soon as possible
Thanks in advance..
dear sir i have not filed my income tax returns for fy 11-12, 12-13 and 13-14 i understand that now i cannot file income tax return for fy 11-12 few customer has deducted tds in 11-12 how can i claim this tds please let me know for fy 11-12 few customer has deducted tds which i
Demand raised by Dept 51500.00 for short deduction in TDS (24Q) return for F.Y.2011-12
ON 27.03.2014.
But in my REVISED return i mention the correct pan no after that assesses get the claim.
I mail my query to the department and there reply is hereunder
Dear Sir/Ma'am,
Thank you for contacting us, it is our pleasure to assist you.
Your query related to PAN error default is acknowledged.
It is to inform you that the provisions of section 206AA apply at the time of tax deduction, which happens prior to the filing of statement. Thus, the deductor is expected to have a Valid PAN at the time of deduction. Only a typographical error is expected at the time of filing the TDS statement.
The demand in the hands of the deductors is being rectified in cases where the difference between the Invalid PAN and the Valid PAN is not more than 2 characters. This is being done in order to take care of the genuine typographical errors in data entry.
The rectification of demand in other cases is not done if the mismatch is more than two alpha characters & two numerics. Therefore, out of 10 characters in case of structurally valid PAN, 4 characters are being considered for rectification of demand.
Sir, basically i want to know their is any action or procedure in which i can get the
relief or rectify the demand.
pls suggest
Sunil Nijhawan
9254276276
Partnership firm provided remuneration to working partner as per partnership deed and as per section 40(b). Assuming firm provided remuneration of Rs. 10 lacs and paid Rs. 3 lacs to partner, whether partner can pay tax on Rs.3 lacs following cash method of accounting.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Capital gains