Respected sir/Expert
My agriculture land was compulsary acquired by Govt in 2009. Later in 2014 I recived Enhanced compansation with interest. TDS was dedcuted on interest @ 10%.
My query is whether total interest will be added in my income or I will get 50% rebate on it.IF yee,Under which section.
dear sir,
why Assets held by a physically or mentally handicapped minor child as specified in section 80U of the Income-tax Act, will not be clubbed with the net wealth of the parent?please explain this provision with example.
thankyou
Sir,
Please solve my query,
1] My Cliant issued donation of Rs.15000/- for village god temple & issued donation for rs.5000/- for ganesh festival
he can full rebate of rs.(5000+15000=20000)in income tax u/s 80g
Please reply
Dear Sir,
I have received TDS late return filling fee Rs 3 Lakh & TDS CPC now send intimation about delayed panal interest but kerala hight court stay granted on it so why sending me intimation what i do please solve my problem......
Where should i give my ca final exam from for nov14-- Delhi or Guwahati??
Which zone has better pass percentage, my only first group of ca final is remaining
Please Help,
i have purchased house in 1989 for Rs. 195000/- and now in 2012 i have constructed for floor's and i sold one in February for Rs. 3800000/- and construction cost of that floor is Rs.1200000/-, what is the calculation of capital gain.?
Dear All,
My client is making OMS purchase. He is getting invoice including freight charges. While applying C form do we need to apply for full amount or net of freight charges.
Hai Sir,
I lost my client pan details but i have last year his e filing ACK number through that can i get his pan number
for financial year 13-14,which form we have to file roc whether we have to file 20B or form 7.7 now.
Respected experts my query is in respect of interpretation of a judgment wherein it was held
"Selling of own land after plotting it out in order to secure a better price is not in the nature of trade or business, more so when the land was gifted to the assessee".
[CIT v Suresh Chand Goyal 209 CTR 410 (MP)(2007) see also Ram Saroop Saini (HUF) v ACIT 15 SOT 470 (Del)(2007)]
My query is in regards to meaning of word "more so" what does it mean?
Whether it means if an asset is gifted only then in that case selling of land after plotting would be chargeable to capital gain.
or
Whether it gives a sound that if an asset is sold after plotting to secure better price even if it has not been so gifted i.e. acquired asset, it would be chargeable to capital gain
And also advise when plotting of an asset is chargeable to pgbp head
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Taxability of interest on compulsary acquisation