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mehul   01 September 2008 at 23:22

how to know the value of construction in 1990 for computation of LTCG tax on sale of residential house

The following is the transaction details:

a) My father purchased land in 1975 for Rs.x/- in joint names with my mother (i.e wife & husband)with his self earned money.
b)In 1990 he built a house of 3000 sft on the land he purchased in 1975 both names( wife and Husband)

My query is that I know the cost of land (COA-cost of acquasition)for the registered sale deed but I do not know the cost of construction for the house he constructed in 1990. There is no documentary proof bills for construction and imoprovement costs (COI-cost if improvement)thereafter.I only have the property tax receipts. How to compute LTCGT assuming i am selling the property in the assesement year 2008-2009 and how to arrive at COI is there a benchmark given or how do i value the construction cost in 1990 and improvement thereafter.Please guide me and inform which websites or information I can get myself. Or please cite example or case study or for the sub-registar officer or muncipal office

VASANTH D JAGANATH   01 September 2008 at 19:41

sale made to sez unit

'A' registered dealer in karnataka sale made to 'B' registered dealer in Tamil Nadu.

'A' made sale to 'B'. In trun 'B' is effecting sale of same goods to sez unit in other state against form - I

whether sale made by 'A' is eligible against Form-H sales, is there any provision where sale to sez will qualify as export zone

srikanth   01 September 2008 at 16:56

deferred tax liability

What is the difference between deferred tax asset and deferred tax liability.
Can any one tell me how to calculate deferred tax liability and how to create a provision for deferred tax in the financial statements.

javed ansari   01 September 2008 at 11:06

Service tax code

hi
A consultant is doing accounting of some companies.Can he pay service tax for acconting charges in Management consultant code 00440116.If accountancy code is separate kindly tell me.

Thanks

N.K.Assumi   31 August 2008 at 09:53

Tax on sale:

Is Government competent to imposed tax on sales made on the internet?

Anil   29 August 2008 at 14:54

Last date for issue of Form 16/Form 16A

In a company TDS amount is credited on the last day of the year i.e,.31 March.


a) Last date for issue of Form 16/ Form 16A is 7th june. (2 months 7 days from the end of the year)in the above mentioned case.


If you have doubts regarding above date kindly refer point 21 in the chart given at



http://www.incometaxmumbai.nic.in/taxpayer/tds.htm



b)Last date for e TDS return of Jan-March is 15 June


My question is


how can one issue Form 16/Form 16A on 7th june (which is the last date for issue of such form) if e-TDS return is filed on 15 June(Last date for filing such return) because on 7th june one will not be having e-TDS acknowledgement number that is to be filled in Form 16 /Form 16A


Thanks.

Maheshwari L.T.   28 August 2008 at 23:55

Stamp Duty-Registration

Has CONSENT DECREE of the Hon'ble High Court, in a property matter,got to be registered with Sub-Registrar of Assurances and also whether Stamp Duty also payable on the same?

L.T.Maheshwari

EM: goldmineprop@gmail.com

V.Raghavan   26 August 2008 at 14:27

Karnataka State Financial Act (1951)

Can anybody send Karnataka State Financial corporation Act(central act of 1951) and its rules?

Jitendra Shah   24 August 2008 at 19:19

Falls in G. P. Ratio

Sir,
One of my client's case was selected for scrutiny U/s. 142(2). During the reference year G.P.ratio falls 1.5%compare to the Pr. year. A. O. wants addition on the base of G.P. Ratio.
Please send me advice What can i do?,
Actually market was bed for reference year, hence G.P. Ratio was falles.if anybody have any judjment, please send me.

Thanks.

SANJAY DIXIT   22 August 2008 at 23:24

Income Tax Dept. under RTI ACT

[My client has the PAN number of her husband.
Whether she can get the information from Income Tax Dept. under RTI ACT regarding IT Returns filed by her husband in the prev. fin. years?
Whether PAN number is sufficient for the said purpose?]

This querry was asked by me before sometime & as suggested by the hon'ble expert members I made it.

The CPIO, Chennai has given a decision that due to personal information, it can't be provided. It is further provided that the decision may be appealed U/s 19.

Pls suggest whether wife is really a third party in eyes of law?
Whether wife can't access the knowledge of her husband's income as no public interest is involved.