RAJESH CHOPRA
27 September 2020 at 20:33
My real sister wants to give me Rs 30 lacs as Gift. I would like to know if any tax will be applicable to either of us .
She will Gift me the amount via Cheque.
Please advise if any document needs to be executed etc.
LAWYER ASSOCIATES
16 September 2020 at 11:23
An assessment order was passed by ITO in our case, additions were made, we file first appeal to cit appeal. cit appeal dismissed our appeal, we file rectification to cit appeal as some facts were missed by her. She dismissed our rectification request. We again file recitifcation request to her. It was pending before her. Mean while Direct Tax Vivad Se Vishwas Scheme 2020 came and we file forms under this scheme. These forms were rejected by CIT with remarks that our first appeal was dismissed and instead of filing appeal to Tribunal, we again filed rectification of appeal to cit appeal, CIT admin rejected our form by saying that our appeal is not pending before any authority. now what is the remedy for us? According to my understanding recitifcation is part of appeal it is not a seperate case. And if our rectification request is pending it means, our appeal is not come to final conclusion till that rectification request disposed off. please suggest me what is remedy for us?
Anonymous
15 September 2020 at 14:40
dear sir plase advise me tath below application is right for claim to pending tds refund
To,
The Principal Commissioner of Income Tax (HISAR),
Sec 14. Hisar Haryana
Sub.: Application for condonation of delay in filing Return. A.Y. 2018-19. For CLAIM TDS Refund
Dear Sir,
My PAN Number: is BZWPS5071F
I have Pending to submit my income tax return(s) for assessment year (s)2018-19 due to I am out of state Family Property dispute .
Due to above reason whatever applicable in the assessor’s case I was unable to file my return in time. That the filed Paper Return of 2018-19 have enclosed with this application
You are kindly requested to waive the time limit and accord sanction to assess my income tax return . so that I am able to get the income tax refund of Rs 67935-00 excess paid income tax.
Further, I have been filing my income tax return regularly and the same could be verified from your records.
Thanking you
Yours faithfully
Name of the assesses.
Sunil kumar s/o Surya nath
C/o Fast csc center
Street no 9 Bhatia colony
Fatehabad-125050
LAWYER ASSOCIATES
11 September 2020 at 13:56
An assessment order was passed by ITO in our case, additions were made, we file first appeal to cit appeal. cit appeal dismissed our appeal, we file rectification to cit appeal as some facts were missed by her. She dismissed our rectification request. We again file recitifcation request to her. It was pending before her. Mean while Direct Tax Vivad Se Vishwas Scheme 2020 came and we file forms under this scheme. These forms were rejected by CIT with remarks that our first appeal was dismissed and instead of filing appeal to Tribunal, we again filed rectification of appeal to cit appeal, CIT admin rejected our form by saying that our appeal is not pending before any authority. now what is the remedy for us? According to my understanding recitifcation is part of appeal it is not a seperate case. And if our rectification request is pending it means, our appeal is not come to final conclusion till that rectification request disposed off. please suggest me what is remedy for us?
srinivasa bhanu sankar
10 September 2020 at 18:10
Sir
My client is a builder and constructed residential apartment of 120 flats. On dt:10.10.2018 occupation certificate has taken and after that date 80 flats registrations done and prior to OC 40 flats registrations done. Now the department is telling that the assessee has to restrict their ITC in proportion to the flats registered before OC i.e. 33% of the ITC shall be utilised and the remaining shall be disallowed. Please enlighten on this issue.
manish kumar
29 August 2020 at 11:28
Hi Everyone.
my query is for TDS section 194-O.
i am selling my products by using e-commerce platforms and i expects my total turnover will be 15 lakh in 20-21..
we are partnership firm. we are selling our products various E-commerce platforms. amazon, snapdeal, Ajio etc.
1. whether 194-O applicable on us?
2. whether exemption of Rs. 500000 is for separate platform. (e.g for amazon 5lakh, and snapdeal 5 lakh and so on.)
3. is partnership firm can be treat as Individual according to IT Act ?
3. can i claim TCS under GST in Income tax.?
sudhakar s. yeradkar
28 August 2020 at 13:32
Respected Sir / Madam,
The undersigned seek your expert advice on the below.........
I have paid the stamp duty @ 5% on 5th August, 2020 against purchase of Flat in Mumbai.
Sale Agreement is not yet executed before the Sub Registrar/concerned authority.
Because due to pandemic/corona fear the property owner was not in Mumbai till the announcement of reducing stamp duty by Govt of Maharashtra.
The Government has issued GR to get the benefit to the new property purchasers.
1. Can I get the benefit of the changed ratio of stamp duty?
2. Can I withdraw the amount (huge) paid on 5th August, 2020?
3. What reason should I mention in the application form? because one AFFIDAVIT has to be file before the authority stating reason therein to withdrawn the money from government treasury.
I approached advocates locally but no one is aware properly about the right procedure.
Please guide.
Thanks in advance.
aarush
23 August 2020 at 13:58
Hello to all....please answer my question....I am a student of LLB 1st year and I want to become tax advocate ...so my first question is from where can I start to sit with CA or with senior tax advocate for practical exposure......my second and most important question(for which I got confused) is that...... I heard from most of the people tax advocate or from other members as well that there is no future for tax advocate and for tax work everyone goes to CA .....if you become tax advocate you can do very little work....please answer my both questions....it really means a lot....!!
Rajkumar Gutti
01 August 2020 at 11:04
There are two service provider 1) ABC , 2) XYZ They are providing following service.
ABC- Goods transport service -Invoice amount- Rs.25000
XYZ- cargo container handling service - Invoice amount
My question is above two ABC & XYZ services are attract RCM GST or only
ABC service attract RCM GST.
Please guide me.
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Gift from uncle
My unmarried uncle wants to gift me his house and some land valued at approximately. Rs.50 lakhs. I want to know whether I have to intimate income tax authorities or have to pay any tax on the valuation of the property.