Bhaskaran Chackrapani Warrier's Expert Profile

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Graduate of Kerala University.

Fellow member of ICAI.

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mohd shah Alam says : E-PAYMENT
DEAR SIR, I HAVE TO PAY TAX FOR A.Y 2011-12 THROUGH E-PAYMENT(CHALLAN 280) TYPE OF PAYMENT IS SILF ASSESSMENT TAX BUT FILLING FORM AN ERROR IS SHOWN AS "ASSEEMENT YEAR CANNOT BE GREATER THAN CURRENT FINANCIL YEAR FOR TYPE OF PAYMENT SELECT BY YOU. WHAT ITS MEAN ? I HAVE TO FILE ITR FOR AY 2001-12( MAY I FILE ITR FOR AY 2011-12 TILL MAR 2012 ) HOW CURRENT YEAR IS GREATER THAN ASSESSMENT YEAR

Neha says : TDS
Hello Sir, I have a query on TDS. A government company has deducted TDS on advertisement contract @ 1% (old rate) instead of 2% (new rate). The full and final payment has been made to the advertisement agency and its account has been close. can you please help me out about what are the consequences and remedial measures of this. Please reply me on neha.nehu1@gmail.com Thanks Regrds Neha

Vikas Shukla says : LTCG to GPA Holder
Dear sir, I have been reading your valued comments on net and appreciate your knowledge & support on several points. Could you please advise me on below matter? My wife purchased a property / vacant land in 1996 for Rs. 2 lac. on G.P.A. by its original owner. No Sale Deed was done on that time. In year 2008 as a safety and to become confirmed owner, my wife felt better to get the property registered through Sale Deed, hence did a Sale Deed in the name of her husband / me for sale value of Rs. 250000/-. You know as per a rule, GPA owner can not get the Sale Deed done in her own name, so ‘Sale Deed' was done in my / husband’s name. Since it was only a documentary formality, value was declared only Rs. 250000/-. I wish to know whether this transaction of property between 'Wife & Husband' can be treated as ‘Transfer or Gift’ to Spouse ? with no Tax liabilities, or will effect on any Tax liability and called as Long Term Capital Gain to Wife? We both mentioned this payment ( Cash receipt & cash paid) in our Balance Sheets already. We both are Income Tax Assessee. Now on our IT Case Assessment, ITO has charged this as 'LTCG and STCG' and considering its value as per Stamp Duty ( Rs. 10 Lakh) Can I know what is the exact ruling of income tax deptt. in such cases for property transaction in relatives/ wife- husband. or any previous court references of same cases? Please advise, I shall be thankful, Best regards, Vikas 9810785682 shoemachines@gmail.com

Manish says :
Sir can u kindly send the CST Challan West Bengal Form:1182P in .xls format

CA SONAM KHANDELWAL says :
sir i have query related with late filling of service tax return .The return was related with the financial year 2010-11 (Apr.-Sept).so how much penalty will be levied if i will submitted on 16-01-2012