Pam
26 March 2014 at 21:27

Capital gain on commercial property

My query is that

I had purchased a commercial property for 45 lacs but transaction in white was for 18 lacs in 2008 now am selling it on 20 aprl 2014 for 59 lacs.

How can I save capital gain..?
Can I invest in residential property..?
Can I construct a residential property..?
What is the possible way out



Pls guide




Regards


Pam


garvit bharti
26 March 2014 at 20:29

Itr

one of my client has registered a firm but not yet done any kind of business and not a single rs is earned or expended. is he required to file ITR for partnership firm for previous years?? now out of the three partners has retired and single partner wants to convert that into sole business firm .what are the formalities?? pls suggest thanks



Anonymous
26 March 2014 at 20:27

143(1) intimation (urgent)

i have received intimation from income tax department u/s 143 (1)...but there is no refund no demand...overall its nil return..

so it is neccesary to file revised return becauase last date is 31.03.2014...please help

so what to do now revised it or rectify it u/s154...but i have no XML file of original return..

so what to do please help



Anonymous
26 March 2014 at 19:44

Depreciation on shed

Can I claim 10% depreciation on shed? If yes, whether I have to bifurcate into land value and construction value?


Vijay

Hi, l am Vijay, Resident Indian, having income from business (Proprietor) and annual sales is less than 2 lacks, moreover loss was projected. I am also working in a private company and receiving salary. kindly guide which income tax return form to be use return d for filling income tax ? this for financial year 2012-2013. vijay


debojyoti dhar
26 March 2014 at 19:01

Official

Respected a tax payer did not file her IT return for the AY -2011-12,12-13,13-14. her tax able income in AY 210000/--, 230000/--, & 2400000/-- resp. now she want to file her return for taking a home loan purpose, my question is if I file file her return In AY 2014-15 for back 3 years , any problem arise for thatrather which pinal action take by IT deoartment , & how I prevent or Save my Client

Kindly guide by yours valueable suggestions

Thganking You

Yours Truely
Debojyoti Dhar



Anonymous
26 March 2014 at 18:50

Wrong pan mentioned

Dear Experts,
!! Greetings for the day!!
Sir as per above subject at the time of submission of tds returne wrong pan number is mentioned in return by clerical mistakes.
due to that short deduction demand is raised by tds department.
right now what i have to do please guid me i will be thankfull to all of you.
please explain the detail procedures.


Rahul Jain
26 March 2014 at 18:21

Applicability of reverse charge

Suppose a partnership firm engaged in developing residential apartments has appointed a sub-contractor for a particular work in the project.This sub-contractor is a proprietorship firm.

Now who is liable to deposit Service Tax-

Service Recipient Partnership Firm OR Service Provider Proprietorship Firm??


Karthikeyan
26 March 2014 at 18:03

Capital gain

i have bought a land in metro city on 01.04.2013 for rs 5 lacs and construction cost incurred Rs 15 lac and sold on 26.03.2014 for Rs 30,00,000.

Guidance value is Rs 28,00,000

please advise taxability



Anonymous
26 March 2014 at 17:59

Cash gift from parents

Whether cash gift from parents need to register?






CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details