We have a foreign flag vessel which is to work in India for two years .The crew onboard will be of mixed nationalities incl Indians .The payroll will be undertaken by foreign owners.In this respect my querries are the following :
i) Since the salary received by crew are in USD and remitted from overseas based ship owners ,If the salary will be taxable e.g TDS/IT etc etc If so at what rate and factors determining same;
ii)If foreign nationals will also have to be taxed if so at what rates;
Kindly advise.
Sincerely,
Tushar M
some individuals and partnership firms are providing following services to uttar pradesh power corporation limited(u.p.p.c.l.).... 1- maintenance of garden 2- re-filling of oils in transformers 3- Maintenance of Electricity power wiring(cable) 4- ready electricity polls 5- ready electricity lines 6- maintenance of electricity wires & polls 7- install transformers in all above cases labour, workers, mechanics are provided by contractors but all type required inputs, materials are provided by department(u.p.p.t.c.l.) Query- now plz tell me that in which category, these above services should be classified ... 1- manpower 2- works contract 3- erection, commissioning etc. e-mail-: avneesh.bibhu@gmail.com plz help me
I AM HAVING AGRICULTURE LAND DISTANCE AT 11KMS FROM GRAMPANCHAYAT /MUNCIPALITY OFFICE AND POPULATION IS 10,000/- WHETHER ON SALE OF AGRICULTURE LAND CAPITAL GAIN TAX ATTRACT OR NOT PL REPLY
Is Schdule tribe employees from other parts of country are exempted from tax who are posted at leh. ?
Sir,
One of my client got Tin No. in Jan 2014 and filed Vat return in April 2014 NIL(no sale purchase).Due to lack of knowledge regarding ST they had not filed R-2 annual return for 2013-14.
Now, deptt. ask to filed R-2 return, with penalty Rs. 200 per day(orally).Amount becomes very heavy and they asked for the assessment of the same also.
Sir, client has no liability of tax during that year becoz no sale purchase.
Please suggest how to tackle?
Monday need to be appear.
Regards
Sir, i am working in psu bank as a clerk is a ST of assam Deori tribe and presently posted in arunachal pradesh. When my arear came, income tax was deducted from me. When i enquired whether i have to pay income tax in scheduled area from the hr dept. they said tat only the ST hill people are exempted from income tax here. Plz guide me.
Mr X have filed ITR-1 for AY 14-15 within due date. He has claimed relief u/s 89(1) in the ITR which was not correct. As a reuslt the same was disallowed by CPC in the 143(1) initmation order. Later on, he applied for rectification of return u/s 154 online by correcting the amount of relief u/s 89(1). However the rectification was rejected and the case was transferred to the jurisdictional Assessing Officer. Can Mr X now revise the return instead of applying for rectification u/s 154 to Jusrisdictional A.O. WIll CPC will process the revised return or will CPC reject the return stating that rectification of the original return is still pending with AO?
Respected Sir,
Gandhibazar Bangalore Property - sold details
My Mother (Late) Smt.Rangamma had Self-acquired Property at gandhibazar Bangalore My mother died Intestate on 15-05-1996 leaving behind 6 children who are all married . I am the 4 th child to my mother. My name is Krishnamurthy My Father (Late) Sri srihari expired on 02-05-1994.
We sold the above mentioned property after getting our mother’s property changed into our names to satish on 16-02-2015 for a total sale consideration of Rs 1,26,00,000 measuring 1338 sft. (balance land & Bldg left out). We paid TDS in the account of Krishnamurthy for a sum of Rs 1,26,000/-. Balance Amount of Rs 1,24,74,000/- was divided into 6 parts and I received Rs 20,79,000/- my share.
My mother purchased this property on 28-Apr-1954 for Rs 2000/- and 25-07-1959 for a Rs 400/- only.
My Apartment in rajajiNagar Bangalore - sold details
I had purchased a Flat on 24-02-1999 at rajajinagar for a total purchase consideration of Rs 8,50,000/- and sold the same to Sri manjunath on 30-04-2014 for a total Sale consideration of Rs 46,00,000/-- 1165 sft - 2 BHK apartment
New Apartment in yeshwanthpur Bangalore - Purchased details
I have Purchased a New Flat yeswanthpur bangalore, for a sum of Rs 47,50,000/= and paid Rs 3,13,500/- towards Stamp and Registration Expenses and paid Rs 4,18,000/- towards Vat and ST by way of cash to angad Properties (Builders) on 02-Mar-2015 – 1670 sft Super built-up Area.
Remarks : The entire Sale proceeds of my earlier Flat at rajajinagar and My share which I have received from ghandhibazar property has been completely utilized in purchasing the New Flat at yeswanthpur within 1 year from the date of Sale of my flat . I am a retired person I do not have any other income other than getting a small pension of Rs 6,000/- (Appx) per month. Am I eligible for Capital Gain Tax
Sir, i want to know that Is it possible to know outstanding sales tax on my firm with the help of TIN.
thanks in anticipation
Non filing of income tax return
sir
i am a house wife. my income is less than Rs. one lakh per year. i do not file return. before marriage i was an advocate . My saving is in form of fd and shares. i have received a letter from income tax department for not filing income tax return in the year 2012-13. i mentioned in the compliance that my income is not in taxable limit. I received a letter from the income tax department that " you have submitted snap shot of confirmation on submission of compliace request instead of acknowledgement of your compliance in response to our letter dated 10.7.15. therefore you are requested to submit a copy to the office of the undersigend within 7 days of the receipt of this letter
what does this means . i do not file return because my income is not in taxable limit. pl. advice what to do