when a corrected return is to be filed due to airthmetical error and according to books of accounts, whether the return corrected is to be accepted or not by the assessing authority
I need complete details of Supreme Court Order in the case of CIT v Lovely Exports (P) Ltd regarding section 68 of the Income Tax Act, 1961. This case is to be quoted before CIT(A).
Is transfer of plot of land alloted to one under 12.5% premium cidco scheme exempt from capital gains tax
Respeted seniar I am in practice for last one year ,my fields are mostly civil and labour laws as i am also a commerce graduate I want to shift my direction towards taxation.is it good to switch taxation after one year work in civil
I invite your kind attention to an "unhealthy" discussion taking place on the forum.
a reader posted a query whether by taking a dd favouring lic on 31st,march 2010 and sent the same by regd post to the lic branch. LiC has accounted the same on 07th april 2010 .Is the party enttled to claim for rebate on 2009-2010?
My contention was since the lic has received the premium during 2010-11, he is not entitled to claim rebate for 2009-10.
For this a senior expert of this forum has accused me of giving answers of unfounded nature and out of intuitions.
even if i am wrong in my answers, i do
not think any here is authorised to make such sarcastic remarks.
Hope some one respond in this.
Sir,
WHT IS THE TDS RATE ON COMMISSION AND WHT IS THE EXEMPTION AMOUNT IN FINANCIAL YEAR 01/04/2009 TO 31/03/2010
Dear Experts of the forum,
I am resident of Hyderabad,staying in an apartment ( President of the Association !). Today Mandal Revenue Officer has served a notice, asking us (The residents as a unit )to pay NALA tax arrears; due up to 2005.
As far as my knowledge, this been abolished ! Am i correct ?
[{The vendors purchased this land in the year 1940 and constructed a house in the year (around) 1952, and gave the old house for development in the year 1999.}]
Further,in the complex 20 families are staying and holding an undivided share of 68 sq yds each.In our registration document there is a clause that Vendors are responsible for all the taxes due till the date of Registration ( Our flat is Registered in the year 2002 ). And as per NALA act area below 100 sq mts are exempt from the tax.
In the above context, i request the experts of the forum who are familiar with AP revenue Acts to guide me,in regards to :
1) The NALA tax is still in force, if yes,
2) As a individual holding less than 100 sq mts, is liable to pay tax ? If, Yes,
3) Who should pay the tax? The vendors or the purchasers( Purchased in the year 2002 ).
With regards,
Thanking you All in advance expecting a QUICK reply PLEASE.
Hello,
I have received notice 143(1) from the CPC on 19th Apr 2010 for AY 2008-2009. I had filed my returns on 1st Sep 2008.
I read section 143(1) and several discussion forums. Most of them conclude that notice 143(1) is invalid if it is sent beyond 1 year from filing date. If this is true, then what should be my course of action ?
According to the notice, I need to either pay the demand within 30 days of receipt of the notice
OR
If I am not satisfied with the intimation, I may seek rectification as per section 154 with CPC or appeal under section 246A of the IT act, 1961 in my Territorial Jurisdiction.
-Tarun
Sir i am a fresher in income tax and sale tax field please suggest some book of income tax and sale tax for lawyer?
sales tax
i have sent goods infavour of A, but due to address problem he did not received the same and the goods returned to godown. but in the mean time i have submitted my quarterly vat return. what shall i do now?