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biren   01 March 2009 at 11:07

Interest received with claim in MACT Act order

Interest can not be taxed in all a lump sum on the date on which the Court passes an order for enhanced compensation but that it has to be spread over on an annual basis right from the date of delivery of possession till the date of the order of the court on a time basis.
Whether it is correct or not ?

Dharmaraj.L   25 February 2009 at 17:44

BPO - Service is taxable

Dear Sir,

The BPO service is taxable service or not ? the service is come under which head and section?

Thanks & Regards
Dharmaraj.L

amit   22 February 2009 at 14:32

transfer of proprietorship

Dear sir,
'A' is a proprietor of his firm in U.P.& wants to transfer his proprietorship to 'B'.
what r the formalities of sale tax, income tax & which forms no.is used in the above formmality & what procedure should 'A' adopt.

Arihant AC   20 February 2009 at 19:17

Form 16/16A

Dear Experts

Can any body have Form 16 / 16A in Excel Format for the Accounting year 2007-08, 2008-09 for salary person

Regds,
NAc

anit aggarwal   19 February 2009 at 10:46

which college to choose

Dear Sir,
my name is Anit Aggarwal. i m doing ca-inter with articleship and i m interested to do llb in taxation. so it is good and if it is tell me the name of some good colleges in mumbai, delhi or bangalore

Ram P Saraswat   18 February 2009 at 13:58

service tax

Sir,
We are running schools under charitable trust. Trust name is Citizens Welfare Asso. And school name is Billabong High International School. We are using Brand name of (school name) another party and for the same we entered into an frenchise agreement. According to agreement we will pay some percentage of fee collected from students to our frenchise i.e. to owner of the brand name/School name.
Now the matter is this that they(owner of brand name/school name) are charging service tax on their frenchise commission, so are we (the trust) liable to pay service tax to them?

PRAGYA ROHATGI   16 February 2009 at 12:09

Implecations of Sec 72A(4) of Income tax act demerger

Sir ,

Section 72A(4) of Income tax Act 1961 defines as under :

Not withstanding any thing contained in any other provisions of this Act , in case of a demerger , the accumulated loss and the allowance for unabsorbed depreciation of demerged company shall

A) where such loss or unabsorbed depreciation is directly relatable to the undertaking transfered to the resulting company ,be allowed to be carried forward and set off in hands of the resulting company

B) where such loss or unabsorbed depreciation is not directly relateable to the undertaking transfered to the resulting company be apportioned between the demerged company and the resulting in the same proportion in which the assets of the undertaking have been retained by the demerged company and transfered to the resulting company and be allowed to be carried forward and set off in the hands of the demerged company or resulting company as the case may be .



A company plans to move application for demerge of business under above section . As the section in it self is silent regarding continuation of demerged business.

A) Whether the resulting company has to carry the demerged business in next years to avail tax benefits .

B) If yes to what extent the income shall of demerged business constitute the total income

In case any one can refer any decided case laws on above subject.

With regards

Sandeep

Anonymous   15 February 2009 at 17:25

document s required

I have following queries for I.T .Dept.:-

1)can i get the papers submitted in the Incometax Dept for getting permission for sale of a property in yr 1978 in Jodhpur and Raipur I.T dept.
Seller of our property is refusing now the Registered sale done in Yr 1979 by his Power Of attorney holder.In registered documents of sale, I.T Permission taken by seller U/S 230A(1) ,in Form 34A,See Rule 44(A),is also attached,which was taken by seller few months before the Registry of the said property for getting permission of sale to us.
Can we get the papers enclosed that time by sellers in I.T Dept?
If we cannot get,can we can ask I.T dept under Right to Information Act?
If still not possible can we ask the Dept. in Court about the genuiness or can we get their witness in the Court,where we filed suit on the Seller of property.?



2) After the Registry of above property in Yr.1979,we received Notice u/s 269L(2) of the I.T Act,1961 for purchasing property,by undervaluing the property.
what is the provision of the above Section?.I also want to know, to whom the notice will be served ?I meant that , I wish to know that do I.T Dept serve notice to seller also under the ACT?



3) can we file some sort of complaint to I.T dept ,about the seller,who is refussing the above I.T permission for sale of property and now he is trying to resale the property sold allready approx 30 yrs back?

4) can we take someother help of I.T Dept.?

Please help me by giving your valuable advice or opinion and oblidge.

sanjay chandak,
fafadih,Raipur
contact no 9300061575

Pandian   13 February 2009 at 14:06

LTC / Conveyance Allowance

Hi Friends,

Recently on 21-01-2009 Honourable Supreme Court of India has given judgement on the proof of reimbursement in the cases of LTA / Conveyance Allowance is not required.

Income Tax Act 1961 - Sections 10(5) and 192.


Need more clarity on this portion. Whether all the reimbursment portions are not required supporting documents (SEc 192) or else ?

What is Conveyance Allowance (Rs.800 ??)? is all fuel & maintenance reimbursements are meant "conveyance" ?

Please clarify to panscons@yahoo.co.in .
09940035574

SOURABH   12 February 2009 at 16:58

Income tax

Hi good evening sir,

can you tell me about the procedure to become an income tax officer. what type of exam is conducted to become an income tax officer. what are the qualifications to become an income tax officer. do reply me as early as possible.