binay kumar
12 January 2017 at 11:55
i am 40% permanent physically handicapped . i have obtained the certificate in this respect from civil surgeon ranchi in Dec 2016. can i get tax exemption of my income under section 80 U in this FY 2016-17
Ranbir
12 January 2017 at 06:31
Dear sir,
my vehicle was seized by police in an accident case though my vehicle was not involved .
that due to which the vehicle and the documents of the vehicle was in the custody of the police and I could not pay the taxes of my vehicle and also could not ply the vehicle on road for two and half years the vehicle finally got released with all the documents know I have to renew the documents of my vehicles by paying the road tax ,permit ,and fitness for plying the vehicle on road
Sir huge amount of expense has occurred on my head can' t I get exemption regarding same from motor vehicle act as my vehicle was not plying on road for such period of time please help as I am in financial crisis
swapan kr. mukhopadhyay
09 January 2017 at 09:46
retired on 31.01.2010. gratuity amount Rs 1000000/ received on jul/aug 2010.during assessment/scrutiny of AY 2010-11 gratuity amount was not considered as the same was not received during AY 2010-11.But during assessment/scrutiny of AY 2011-12 an amount of Rs 650000/(Rs1000000/-Rs350000/) is being added to income.
my quarry is that as Rs650000/ was not added during AY 2010-11 as the gratuity was not received then, why it should be added during AY 2011-12 since exemption limit was enhanced from 24.05.2010 by amending the gratuity act from Rs 350000/ to 1000000/.should it not be considered on receipt basis also during 2011-12?
AJAY
06 January 2017 at 15:00
Respected Sir/Madam
I have a query regarding collaboration.
One of my friend has a small house, purchased by him in 1990 , Now he wants to contruct his house upto four storey, but due to financial problem he is not able to construct his house and now he has approached a builder who is ready to construct his property upto four storey i.e. Ground Floor, First Floor, Third Floor and Fourth Floor.
After completion of the building , one floor will be given to builder and rest three floors will be given to owner , and once the building will be completed, the owner will execute the sale deed in favour of builder of one floor and give the possession of this floor.
If owner execute the Sale Deed in favour of builder.
the consideration amount will have show in the sale deed but he is not taking any amount from builder.
as per Circle rate the Sale Deed will execute for 20 lac
How will he show that he has not received 20 lacs and did not sell any property and he has transfered one floor to builder because the builder has constructed his property
what documents should be made in this regard, if he execute sale deed can it be possible without consideration
and should he pay the tax in this regard
Kindly suggest
Thanks
Satya
05 January 2017 at 14:38
our client from andhra pradesh is doing works contracts jobs to an entity located in SEZ area and he is registered under compostion scheme.As everybody know SEZ entity is exempted from paying VAT and other taxes, My doubt is whether he is liable to pay VAT under composition scheme?
m.s. chouhan
04 January 2017 at 10:55
we are the partnership firm and labour contractor is suppling labour to us but their annual turnover is less than 10 lacs.
so shall we have deposit the service tax on this service.
Pravin
02 January 2017 at 16:19
-I have filed 15 H form in time during 2014-15 even though SBI had deducted tax on my fixed deposit earned interest,FD is matured in May 2017.
mahesh.t.sukhwani
27 December 2016 at 18:00
respected sir ,
we were three partners A,B,C, in a partnership firm dealing in land and construction
PARTNER -A retired by signing Reconstitution deed taking his capital and enhanced amount against property appreciation & goodwill PARTNERS B & C CONTINUES BUSINESS
MY QUERY IS WHO IS RESPONSIBLE TO PAY TAX ON THE APPRECIATED AMOUNT PAID TO THE RETIRING PARTNER - PARTNERSHIP FIRM OR RETIRING PARTNER
Gopal Soni
23 December 2016 at 22:11
hello friends,
would you plz suggest scope in GST for a law practitioner , i mean what will be the area for a lawyer ,because most of the task in GST has been awarded to Chartered Accountants ?. plz guide
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Cheque transaction for 30 lakhs
The situation here is receiving a cheque for 30 lakh rupees to my saving account from my father selling his vacant land inherited from his father. I am utilizing this amount to buy an independent house. I would like to know the taxation details which I or my dad might want to bare. Kindly shed some lights.