Anonymous
29 October 2012 at 13:11

Itr

dear sir/madam,
i filed itr for a.y 10-11 online and for a.y 11-12 manually and now i want to file itr for a.y 12-13 online. can i file it online



Anonymous
24 October 2012 at 16:37

Challan missing of

Hi,
I had paid mvat through e-payment,challan MTR FORM NO.6. By mistake the print was not taken & also was not saved.

From where did i can get the challan. I have the tranx no. of e-payment.


rajendra rao
24 October 2012 at 04:02

Advance tax

senior citizen with no professional income but having pension ,interest and dividend income totalling Rs 8lac.shall have to pay incometax when i.e. at the time of filing return in june/july or as advance tax for assesment year 2013-14.


Kapil Tiwari

A vacant plot of land was sold for a net sale consideration of Rs.1,10,36,000/-. The fair market value, after indexation, of the land, as on 01/04/1981, was Rs.19,39,091/-. Hence, Long Term Capital Gain was Rs.90,96,909/-.

The following are the investments made and proposed to be made for claiming tax exemption:
1)Rs.50,00,000 in NHAI plus REC bonds for exemption u/s 54EC(now, investment already made),
2)Rs.60,36,000 in a residential property for exemption u/s 54F(proposed to be made)

Please advise:
a)computation of the total tax exemptions that can be availed,
b)total Long Term Capital Gains Tax payable after considering the exemptions.



Anonymous
17 October 2012 at 18:23

Tax treatment for non resident indian

Sir,
Mr. X, a NRI, comes to India and purchases gold bar or invests in any fixed deposit or mutual funds then explain me whether he is liable to pay any tax to indian government at his earnings from such an investment. such earnings are remitted to his bank account in foreign.


Kapil Tiwari

1)A person has leased out commercial property @ Rs 30000/- per month. Rent is received after TDS deduction @ 10% = Rs 27000/- per month. What would be the taxable income and net tax payable with regard to this rent received? Please help and elaborate with calculations if possible. Also provide any ways of tax planning/saving regarding the same. 2)Is there any difference between computing tax on rental income from residential property and rental income from commercial property? Do they both fall under the same head "Income from House Property"? 3)How does one differentiate Residential Property from Commercial Property? What are the documents which show the difference between the two? 4)Is there any possibility that rental income from such a simple lease agreement can tantamount to profits/gains/income from profession or business? The assesee, who has given the property on rent, is a retired semi-literate person and is not involved in the activity going on in the leased premises.


vilas yeole
14 October 2012 at 10:55

Credit card

plz can anyone help
actually i want to purchase software online and i have debit cardof pnb and that website wondershare is asking for credit card how to overcome this is there any agency to which i go or any one can help me for making payment cost of software 1200.



Anonymous
13 October 2012 at 19:37

Payment of tds

Hii frenzz, today i made e-payment of TDS. while doing that i wrongly selected deductee type as company deductee instead of non company deductee. now i want to know its consequeses and plz tell me how to correct this mistake.



Anonymous
13 October 2012 at 11:46

Capital gain tax

Dear Sir,

Would be grateful to get your clarification on following:

1)Can I sell an industrial property of my Pvt ltd company as a director of the company, after passing of the board resolution. Me and my wife are the only directors in this pvt ltd company,I have acquired this Pvt ltd company in year 2000.

2)After selling the above property I want to buy a commercial property of the same value. Am I liable to pay capital gain tax for the above transaction. The new property will be purchased in the joint name of me and my wife.

3) In case I decide to sell the present company itself with all assets and liabilities & float a new company, can I purchase the new commercial property in the name of new pvt ltd company which I propose to float. Will there be any capital gain liability

5) Should I float the new company before selling the property or can i float it after the sale.


RAVI SANGURI
13 October 2012 at 11:22

Urgent problem...

As we know that for fillig individual return thr is no need of digital Signature...my question is that if we file belated return of that person whether digital signature is required or not??