Sunset period,latest update to avail income tax relief under section 80 IB for starting an industry in a industrially backward districts.
normally due dates for individuals is 31st july, but for partners of a partnership concern which is liable for tax audit,will the due date be 30th september,i;e due date of the firm, as the partners personal details cannot be finalised until the tax audit of the firm is completed. also if we file the individual partners return by 30th september, whether they will get the benifit of carrying forward the losses if any for the further years.
I am a retired government employee.My date of birth is 01-04-1951. Am I eligible to submit Income Tax returns this year as a senior citizen?
As per my knowledge reteable property tax applicable from April 2007.
My main question is how do income tax dept come to know about someone’s previous PAN if he apply with new address and different date of birth ? I mean to ask that before providing new PAN to someone what system or technique IT Dept. follow to check whether someone is already having PAN or not ?
I could not file my income tax within the last date (31st July). What if I file now? I heard that the last date is generally extended every year, lol, first simply extended and then extended with fine. Please tell me do I have to pay any fine now?
When filing for LTCG after sale of property, should registration fees, stamp duty, and legal expenses be included in cost of acquisition to be indexed by CII?
Also, should registration date be considered as purchase date, or the actual purchase agreement date, in LTCG calculation ?
i bought property in June,2009. will be Long term asset in June ,2012. Today i got one buyer who is paying me my price. if i sell today it will be treated STCG. So can i ask the buyer to pay the stamp duty today and make the entire payment today but get the flat registration done in June. can this deal be treated as LTCG.
I was having IRDA insurance agent licence 2008 with ICICI PRUDENTIAL LIFE INSURANCE and my renewal date was in July 2011 but due to some problem I could not renew it in time. Can I renew it now? Please let me know the procedure.