Purchase of land
This query is : Resolved
04 July 2015
Dear sir,
purchase of land at erode municipalaity under value is rs.15,00,000/ market value is rs.50,00,000/- my dobut is income tax purpose of which amount with purchase cost
purchase of land at erode municipalaity under value is rs.15,00,000/ market value is rs.50,00,000/- my dobut is income tax purpose of which amount with purchase cost
04 July 2015
What is the value adopted for stamp duty. How much amount you paid as shown in the document.
05 July 2015
RIGHT ONLY STAMP DUTY VALUE AND STAMP DUTY PAID AND DULY REGISTERED.
ANY OTHER VALUATION CANNOT BE CREDIBLE AFTER ALL ONE COULD SELL AT MUCH LOWER PRICES EVEN FOR MANY REASONS, LIKE HE NEEDED URGENTLY MONEYS HOW HE WOULD RAISE IF HE TALKS SOME GREAT VALUE OF LAND...TAX MAN IS NOT THE ARBITER BUT HE ONLY GETS HIS SHARE OF CAPITAL GAINS TAX, NOTHING MORE AND NOTHING LESS!
TAX MAN HAS TO WORK UNDER ART 265 OF THE CONSTITUTION OF INDIA AND ALSO NEED RESPECT ALL YOUR FUNDAMENTAL RIGHTS HE IS NO BODY TO ABRIDGE YOUR FUNDAMENTAL RIGHTS NOT TAKE AWAY YOUR RIGHT UNDER RT .265..!
ANY OTHER VALUATION CANNOT BE CREDIBLE AFTER ALL ONE COULD SELL AT MUCH LOWER PRICES EVEN FOR MANY REASONS, LIKE HE NEEDED URGENTLY MONEYS HOW HE WOULD RAISE IF HE TALKS SOME GREAT VALUE OF LAND...TAX MAN IS NOT THE ARBITER BUT HE ONLY GETS HIS SHARE OF CAPITAL GAINS TAX, NOTHING MORE AND NOTHING LESS!
TAX MAN HAS TO WORK UNDER ART 265 OF THE CONSTITUTION OF INDIA AND ALSO NEED RESPECT ALL YOUR FUNDAMENTAL RIGHTS HE IS NO BODY TO ABRIDGE YOUR FUNDAMENTAL RIGHTS NOT TAKE AWAY YOUR RIGHT UNDER RT .265..!
05 July 2015
TAX MAN MIGHT SAY SO MANY THINGS BUT HE HAS O FOLLOW THE PITH AND SUBSTANCE OF THE CONSTITUTION, HE HAS A TARE DECIS IN ONGC V CIT AT AN SC JUDGEMENT MOST RECENTLY, WELL BROUGHT OUT BY ARVIND DATAR IN A MINING OIL MATTER.
05 July 2015
LAW MAKING IS NO FUN BUT ONE HAS TO GO BY TENETS OF THE CONSTITUTION OF THE COUNTRY WHEREVER THE LAW IS MADE.
NEVER OVER EVALUATE TAX MAN BUT JUST KEEP HIM AT HIS RIGHT PLACE IS THE GOLDEN RULE , ELSE HE WOULD MISUSE YOU LIKE ZIMMERMAN IN GERMANY MISUSED IN THE PAST.
THEY USED TO GET COMMISSIONS FROM THE PEOPLE BUT NO FAT SALARIES LIKE YOUR TAX COMMISSIONERS GET , LIKE THE LEGISLATORS GET THEIR SALARIES BY THEIR OWN PROCESS OF SEEKING BY THEIR SO CALLED LEGISLATORS NEW UNIONS FORMULAS THAT IS SURFACING TODAY AT THE COST OF TAX PAYERS ONLY.
NEVER OVER EVALUATE TAX MAN BUT JUST KEEP HIM AT HIS RIGHT PLACE IS THE GOLDEN RULE , ELSE HE WOULD MISUSE YOU LIKE ZIMMERMAN IN GERMANY MISUSED IN THE PAST.
THEY USED TO GET COMMISSIONS FROM THE PEOPLE BUT NO FAT SALARIES LIKE YOUR TAX COMMISSIONERS GET , LIKE THE LEGISLATORS GET THEIR SALARIES BY THEIR OWN PROCESS OF SEEKING BY THEIR SO CALLED LEGISLATORS NEW UNIONS FORMULAS THAT IS SURFACING TODAY AT THE COST OF TAX PAYERS ONLY.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Article ship defecit
- Eway bill for machinery reparing
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
