C.J.Sriram
26 November 2017 at 21:04
What are the steps for compliance by a Resident Buyer of a property owned by NRI. Should he first obtain TAN or is it exempted. What other steps and rate of TDS are applicable.
MANISH KUMAR
26 November 2017 at 17:58
RESPECTED SIR,
IF AO SEND NOTICE U/S 148 WHO DOES'T HOLD JURISDICTION -
AND AFTER 5 MONTHS JURISDICTION HAS BEEN CHANGED TO ORIGINAL AO.
The new AO has started case proceedings-what is solution can i file objection for non jurisdiction. the first notice was sent by AO who did not hold jurisdiction.
Arpit
23 November 2017 at 23:48
I have an industrial land and building in individual name which was purchased in 1999 from upsidc on lease deed.Now I want to sale above lease property.From that sale Money I want to purchase a commercial or residential property.On above case I want capital gain tax rebate.Is it possible please brief.
UDAYKANTPATHAK
08 November 2017 at 19:52
SIR
Which ITR applicable for LIC Agent Commission received Below Rs, l lakh in F Y 2016-2017
hetcal
07 November 2017 at 13:01
Service Tax dept has issued notice under subject : intimation for conducting audit –reg., that is inviting attention to provision of Rule 5A of service tax rule 1994 and read with section 174 (2)(e) of CGST Act 2017.Also further stating that xxxx has been deputed to conduct the audit of your unit for the years from /or since the last audit done to 30.06.2017.List of documents /records for audit for the relevant audit period is provided.
My query is that whether notice issued under Rule 5A(2) can be sustained with reference to Section 94(2)(k) of the FA.?
Vasudevan
06 November 2017 at 11:41
Respected Experts,
Myself and my wife are Income Tax Assesses having separate PAN No. We were filing our Tax returns separately under our individual PAN No. My wife is getting income from her leased out properties and myself from salary. Now my wife is not well and unable to handle the mental pressure from the leased properties. She want to give power of Attorney to me asking to collect the rent and file the tax returns. If so, whether I can file the Income Tax Returns on behalf of her in her PAN No. What is the pros and cons of the Power of Attorney on legal affairs and entity? Kindly advice. Thanking you.
.
Kishor
06 November 2017 at 09:57
Mr. S made an agreement to sell his house to buyer Mr.B for Rs. X.
B paid Rs. (X minus M) in F.Y. 16-17. TDS was done at the rate 10% on ( X minus M). Seller S sees this sum in his Form 26AS of F.Y. 16.17.
Remaining sum , buyer B paid in F.Y.17-18 and Seller S gave possession of his house to Buyer B in F.Y. 17 - 18.
Please advise how much tax Seller S should pay in F.Y. 17-18 on account of this sale transaction.
Cost of the house, for calculating Long Term Capital Gain, is Z . Z is less than X. Hence, seller S has gained profit.
Rakesh
06 November 2017 at 00:41
Hello,
I have a 2 floor building, ground and top floor on a land of 1100 sqft.
Ground floor is total of 800 sq ft. It has a Groceries store(400 sqft) and two small(200 sqft each) rooms behind it.
On top floor, I live which is a 900 sqft house.
My question is how the property tax will be calculated ?
Will it be done for each of the sections I described above meaning a total of 4 sections ? so do I need to pay 4 property tax ?
Or will it be done for the entire property meaning 900 sqft and I need to pay only one property tax ?
I also heard that the muncipality incorporates water tax(pani patti) as well, so I have a single water line but do I need to pay for each section ?
I did talked to one of the officials and as per him I need to pay for each sections property tax and also I need to pay water tax for each section which they have set it fixed Rs 1700 a year for one section.
so as per him 4* 1700 = 6800 water tax plus the property tax of each sections.
This seems wrong to me, could someone please help me out ?
Anonymous
05 November 2017 at 13:55
Hello,
I would like to know if it is mandatory to issue GST Rental Invoices every month, when the rental income aggregate is less than 20 lakhs per year, since GST is not applicable in this case.
This is for properties located in Delhi, and Punjab.
Thank you.
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Permanent alimony of 20 lac is taxable or not ?
Sir
My sister's husband is ready to give her 20 lac permanent alimony to her and her 13 years old son.
1.sir i want to know is this amount taxable or not?
2.she should take money in which form cash,DD, Cheque?
3.she should accept this money in her name only or she can take some amount in name of 13 years old son which dont have any bank acount no ,pan no.
4.if this is taxable what should be do to save taxes.as this is one time amount she will get for life time and she is not working.