Hi all,

Pls help me with the tax treatment of Father and daughter. If the father purchases a land from the account of a minor daughter. Now the father is selling the land and the daughter has become major.
What is the taxablity and what would be the tax planning in this respect other than section 47 of the act.

Pls reply asap to richarsharma@gmail.com

thanks

Membership of a co-operative society was transferred(in form of shares) which in effect lead to the transfer of immovable property.No registration of transfer of immovable property was made and hence no stamp duty was paid.
Does this transaction attract section 50C ?

how to calculate salary tds monthly

Hi all
if i am selling a gifted land what should I do apart from claiming exemption u/s54, in order to avoid the capital gain tax.

Please reply asap.

Thanks

Dear Sir,
We have purchased some goods from 100% EOU. They have charged us with BCD 7.5%,CVD 14%, Edu cess 2% on CVD, S&H Edu cess 1% on CVD,Edu cess 2% on T-Duty, S&H cess 1% on TD, Custom Cess 2%, Custom S&H cess 1%.

Please advice us which duties are available as cenvat credit to us.

You Replied:- All the duties like BCD , CVD Etc can be availed as cenvat credit and education cess can also be cliamed as input, but cess can be utilized to write off cess.

Under what authority BCD is available for cenvat credit? Please quote.

I want to know detail information for how to start the insurance auit? what points have to check in that.
plez provide me details.

Dear Sir,
We have purchased some goods from 100% EOU. They have charged us with BCD 7.5%CVD, 14% Edu cess 2% on CVD, S&H Edu cess 1% on CVD,Edu cess 2% on T-Duty, S&H cess 1% on TD, Custom Cess 2%, Custom S&H cess 1%.

Please advice us which duties are available as cenvat credit to us.

Thanking You,
Latpate B.L.

These days internet services are also provided through Data Cards which contains a mobile sim number inside. It is considered a perfect substitute of normal dial up modems as its speed is equivalent to it and can be taken to anywhere.

My query is whether expenditure incurred for accessing internet through data cards is chargeable to FBT or not. And if not then why??

we are a dealer in Delhi. We have accumulated input vat credit and the same is adjusted against cst liability as more than 99% of our sales are inter-state. My query is whether the input tax credit can be utilized to discharge the liability arising out of non submission of Form c by our customers? The liability includes additional CST,INTEREST AND PENALTY THEREOF

I have purchased a plot of land in the year 1996 for an amount of Rs. 5,00,000/- and spent Rs. 1,00,000/- on stamp duty. Now I intend to sell the same plot of land for Rs. 40,00,000/-.
My query is that how much I have to pay as capital gain tax.
what will the exact capital gain on which i have to pay tax or how much i have to invest in any type of bond to save capital gain tax.