REGISTRY DATE OF PURCHASE FLAT IS : 06-10-2007 PURCHASE VALUE 20,20,000/- BUT STAMP DUTY PAID ON 30,00,000/-. THEN WHAT IS THE PURCHASE VALUE I HAVE TO TAKE FOR INCOME TAX RETURN RS. 20,20,000/- OR RS.30 LAKH ?
SECOND POINT
SALE CONSIDERATION IS 30,00,000/- BUT STAMP DUTY ON 40,00,000/- ON 20-08-2009. THEN SALE VALUE FOR INCOME TAX SHORT TERM CAPITAL GAIN IS RS. 40 LAKH ?
ASSESSEE HAS NOT FILED THE INCOME TAX RETURN IN THAT PARTICULAR YEAR(F.Y. 2009-10 A.Y. 2010-11). AND NOTICE RECEIVED FROM DEPARTMENT. NOW WHAT IS NEXT STEP ? WHAT IS THE PROCEDURE.
I have uploaded income tax return online for assessment year 2013-14 on 6th August, 2013 with claim of refund about rs.25000/-.
but till today my itr is not processed by cpc.
my question is that what to do get refund?
thanks
REGISTRY DATE OF PURCHASE FLAT IS : 06-10-2007 PURCHASE VALUE 20,20,000/- BUT STAMP DUTY PAID ON 30,00,000/-. THEN WHAT IS THE PURCHASE VALUE I HAVE TO TAKE FOR INCOME TAX RETURN RS. 20,20,000/- OR RS.30 LAKH ?
SECOND POINT
SALE CONSIDERATION IS 30,00,000/- BUT STAMP DUTY ON 40,00,000/- ON 20-08-2009. THEN SALE VALUE FOR INCOME TAX SHORT TERM CAPITAL GAIN IS RS. 40 LAKH ?
ASSESSEE HAS NOT FILED THE INCOME TAX RETURN IN THAT PARTICULAR YEAR(F.Y. 2009-10 A.Y. 2010-11). AND NOTICE RECEIVED FROM DEPARTMENT. NOW WHAT IS NEXT STEP ? WHAT IS THE PROCEDURE.
Is it compulsory to do audit under section 44AB in the following situation?
Turnover 80,00,000
Deemed profit as per section 44AD:-560000(8%)
Actual Profit shown :- 1,50,000
As per section 44AB when we are showing profit below 8% and income exceed the basic exemption limit than audit is compulsory.
Since my income is below 200000 audit is not compulsory as per me.
Am I Right?
Please help me
A person having a house in pune and he is living in the house of father, paying the rent to father. So, claiming HRA Exemption.
His father lives in the house owned by the person, can he claim benefits of Interest as loss from SOP??
Can he claim deduction of the principal paid U/S 80 C??
Please guide...
Dear friends
one of my friends has received Tax credits in form of Self assessment Tax paid, which are not paid by him who is salaried employee normally have only credits in section A. This looks to be some other assessee wrongly paid by wrongly quoting his PAN.
This has happened in last 2 year, and both assessment are Open. What should he do? if he get refunds order on completion of assessment, what will be consequences? can he intimate the same to some authority in IT deptt?
a bill for professional Service is as below;
Service charge Rs.10,000/-
Travelling Exp Rs.3,000/-
Other Exp Rs.2,500/-
Food exp Rs.3,000/-
Grand total Rs.18,500/-
My doubt is, on what amount ST is to be charged?
Is there any rule about reverse credit on stock transfer in Gujarat?If yes then What is it?
HI I HAVE TO CALCULATE ARREARS RELIEF SEC 89. IT HAS IN BIFURCATION LIKE BASIC / HRA/TA. WHETEHR TA AMOUNT OF DEDUCTED WHILE CALCULATING FOR THAT YEAR
FOR EXAMPLE FOR YEAR 2003
BASIC 820
HRA 100
TA 80
TOTAL 1000/-OR 840/-(FOR 2003 WITH ARREARS)
WHICH IS CORRECT
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Short term capital gain on property query