Sir,
In FY 2011-12 agreement to sell piece of vacant land entered and Booking amt of 3 lac received in cash and deposited in bank a/c. Sale deed registered in FY 2012-13 rest of money received in cash and deposited in bank a/c. Will the cash deposited in FY 2011-12 taxed separately in AY 2012-13 and the full consideration amount be deemed to have been received in FY2012-13 and taxed in AY 2013-14? I hope the tax authorities accept the cash deposit made in FY 2011-12 as part sales consideration and not tax it separately.
What is your opinion?
Pl reply soon
Thanks

What are the benefits of forming a Company?????

Hello

I want to know that while computation on income tax for an individual- if the property is given on rent. What will tax liability for the individual

. If the individual was doing his business. So the income from that property should be added only in “ income from House Property “ or it also to be included in “Income from other Sources” as it comes other income in profit and loss A/c-( F.Y. 2011-12)


Kindly guide me for the actual computation of Income


Thanks

Sirs,
My question is has the direct tax code been implemented in india? If yes has the base year for the purpose of capital gains calculation and indexation changed from 1981 to 2000.
PL REPLY SOON
THANKS IN ADVANCE

Hello Everyone,

I have employed with one of the Pvt.Ltd.Co. We have done registration of one of our Co. in November'2012 and have failed to make Profession tax payment.
My query is if we are making an payment now how much penalty will be imposed and how it should be calculated? Our previous year tax liablity is below Rs.50,000/p.a.

Please advice.

is e-filling of tax audit report(3CB & 3CD) is manadatory along with e-filling of itr - 4

RES SIRS,
Does capital gains arises to a landowner at the time of execution of Development Agreement with the Builder OR possession/handover of his share of constructed area? If the ans. is Yes then in both the above scenarios ,Can he claim exemption u/s 54f on the entire capital gain?
My second Question is when the landowner later sells one of his share of flats HOW IS THE CAPITAL GAINS CACULATED.PLEEESE ANS IN DETAIL AND NOT SUPERFLUOUSLY.EVEN THE CA'S IN MY TOWN ARE ARRIVING AT DIFFERENT FIGURES.
THANKS IN ADVANCE

SIRS,
I AM PAYING RS 4866 AS MONTHLY CAR LOAN INSTALMENTS.I AM A SELF EMPLOYED PROFESSIONAL .CAN I CLAIM DEDUCTION ON THE TOTAL EMI PAID BY ME PER ANNUM AS BUSINESS EXPENSES. AND UNDER WHICH SECTION.
THANKS IN ADVANCE

hello Sir,


My pan no. is BKOPG7885E
NAME NISA GUPTA
DOB 09/04/1982
FATHERS NAME AMIT GUPTA
ADDRESS 390 L BLOCK MANGOLPURI
DELHI 110083

AT THE TIME OF E FILING E TAX MY PAN NO. SHOWN INVALID PAN
PLS SOLVE MY PROBLEM IN DEPOSITING MY INCOME TAX


KINDLY REPLY ON incometax427@gmail.com

Dear Sir,
My sir asks me to deduct the TDS on his salary .His salary details are as follows:
basic-35000 ; HRA - 3500 ; Conveyance - 3250 ; Medical Allowance - 750 ; LTA - 1000 ;
Personal Allowance- 1500 . Total - 45000.
Here instead of Conveyance 3250/- can i adjust to any other tax free allowances to reduce the tax?
How much i have to deduct as TDS for the above caliculation?
And he can give PPF; LIC for 1 lac under Section 80 C .

Regards

Witson