I have heard that, if you sell a property like house, land etc.. and purchase another property like house, land etc.. with the sold amount, within 1 year. There is no need to pay income tax. Do we have this rule, if so please mention.
Thanks in advance.
1)what are the documents required and procedure to be followed for first time application for statutary forms under CST?
2)Bank gaurantee or any such security is required or not?
I want to give an Evidence Affidavit to the legal representatives of Lesotho Revenue Authorities., in regards to the fraudalant tax practices and tax evasion of a business group in the country Kingdom of Lesotho, where I was working few years ago. The representatives are going to visit me shortly and they are in need of my Evidence Affidavit. As much as I want to give them the Affidavit, I do not know the procedure. Hence requesting you to please advise me.
is there any provision where we can callenge the tax on signage of a company. The second query is that if a retailer is using the signage of a company, then why the company should pay the tax on such usage. I think there is a writ petition by idea challening the tax on hoardings used by retailers.
My son bought a plot for 50 lakhs in 2007. Now he is selling it for 90 lakhs.out of 90 lakhs he will get 20 lakhs in March,10 as advance and pay to the bank to fore close the loan taken to buy the plot (to get the plot documents for rggeistration in April,10).The remaining 70 lakfs he has to pay to a builder in May,10 for t the flat he has booked.He has not availed any tax concession for the loan taken to buy the plot.Kindly clarify his income tax and LTCG liabilty for FY 09-10 for the 90 lakhs .
how i can get a pan card agency whats the T & C and how to apply
If an individual receives Rs. 100000/- as the arrear of rent of past 5 years in 2009-10(as tenant increased rent from retrospective date) what will be tax treatment of such amount received by the individual in assesment year 2010-11 Is there any tax releif available to him? Please provide the related section of the Income Tax Act governing this issue.
Regards,
Patanjali
My client is a partnership firm .It came into existence by an oral agreement on 1st july, 2009.The written agreement was executed on 1st of December, 2009.Now, the question is,whether for Income tax purposes when did the firm come into existence ?
This is relevant ,since they have not deducted TDs on rent. So was my client liable to deduct tax on rent for the period 1st July to 30th Nov? Or will they be treated as an AOP?
The company vehicle is given to staff and all the running expense and Driver Salary are reimbursed to employee and employee say that the vehicle is used only for official purpose and even Journey between from Residence to Office is also come under official Duty so we should not charge it as perquisite kindly advise me .
Service Tax
Dear Sir,
1) Can company avail the benefits of the cenvat on the courier charges paid by the comapny?
2) Can company avail the benefits of the cenvat on the service charged by the travel agent on booking of Air Tickets of Directors travelling for business ??
Pls. Advice
Thanks.