LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Anmol   30 August 2016 at 19:08

Liability to pay stamp duty !



On a gift deed within blood relation for an immovable property a stamp duty of 5% is to be paid . Who is liable to pay that 5% . The donor or receiver ?
The receiver of the property had no money
and stamp duty was by donor . The case dates back when stamp duty was liable now it is not liable .
(The law now has changed and now there no stamp duty on gift by blood relation)

Ashish Shivhare   28 August 2016 at 13:18

Import of goods n release by custom agent

Tds applicable or not on payment to custom agent for handling charges if no tds give circular notification etc

AMIT KUMAR JHA   26 August 2016 at 17:13

Taxation

Can anyone charge VAT on Retail Invoice? If yes then Can i deduct TDS on Vat amount also?

Vishwanath   25 August 2016 at 19:32

Refund of motor vehicles tax

Hello everyone,
section 7(3) of the Karnataka motor Vehicles taxation Act states that "the Registered owner of the vehicles who has paid such tax is entitled to refund'. The RTO contends that it is only the first registered owner of the vehicles who is eligible to refund of road tax even though ownership of the vehicle is transferred to the third person.
By virtue of transfer of ownership of the vehicle, the rights and liabilities of the vehicle stand transferred to the present registered owner of the vehicle. kindly advise on what should be done to get a refund from the RTO.
Thanking you,
Regards,
Vishwanath

Satyan manuja   23 August 2016 at 22:16

Amendment in section 206c of it act clerification

My query is that the new rule of TCS applicable w.e.f. 01-06-16 whether TCS applicable on single transaction exceed Rs. 2,00,000/- or aggregate of Rs.2,00,000/-during the financial year applicable.

Sanjay   23 August 2016 at 18:31

How can we know the wealth/invstmt. of a deceased using PAN

Hi,
My father died in 2009. I was 22 years of age then. My father didn't share his investment & wealth details when he died suddenly. After all these years, how can I make use of his PAN card number to get the investment & wealth details of my father? Can I file an RTI to I-T department seeking the I-T returns of my father up until 2009? In what other ways can his PAN card number be used to excavate information regarding his investment & wealth? Also, my father was a retired pensioner of the TN gov't when he died. Can that be used in some way in my search?
Please advise.

Thank you.

Regards,
Sanjay

ramasamy   22 August 2016 at 17:37

Writ pettion



Can a company file writ petition before High court asking clarification on the pure question of law when alternative remedy of appeal also filed by the company and pending before appellate authority for long time and involving various years?

J B Goel   19 August 2016 at 18:25

Tds on property sold by nri

A NRI was allotted a flat by Omex faridabad in 2005. Though as per Buyer's agreement the possession was to be given in 3 years, offer for temporary possession for getting furnishing was offered in June 2014; the actual possession has been given now in 2016. Total cost of the flat was rs 32 lakh, which is being sold in Rs 48 Lakh. Pl advise the rate and amount on which TDS will be deducted i.e it will be on RS 16 Lakh or Rs 48 Lakh.Pl advise relevant section of IT Act.

J B goel

Rajiv   19 August 2016 at 09:36

Capital gain in distribution of assets

Dear Experts, We have a partnership firm in which Fixed assets of the firm (land/building/machinery) are registered in the name of the firm.Its a partnership firm with only two partners and with equal shares in profit/loss and capitals.Now, We want to divide the land and building between us by having two seperate registries of the land of the firm i.e half land will be registered in name of one partner and other half in other partners name. Kindly let us know if that would raise any capital gain for any partner or for firm.

manish   17 August 2016 at 18:06

Assessment notice from commercial tax to cancelled dealer

respected sir,

i had surrendered my vat tin no.(gst/cst) before 4 years due to loss in business(not having business)

i had filed returns and close my business in 2012 today i received notice for assessment of 2012-13.

almost documents like sales & purchased invoice copies are misplaced and bank account under NPA9(closed)what i have to do?