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jcwalaskar   21 February 2015 at 13:25

Form 16

I am doing 2 jobs at one time and my company giving me to fill form 16.

MY PROBLEM IS THAT-:

1. Is possible to do 2 jobs with out knowing companies about each other .

2. Will IT dept. will revel my job condition to each other companies

3. Is filling form 16 will create problem in my both jobs

Please let me know every detail. Its urgent

Thank you

Ankur Gupta Advocate   21 February 2015 at 10:52

Entry tax

आदरणीय महोदय,

एक कोल्ड स्टोर के भवन नवीनीकरण में शहर के बाहर से लोहा ख़रीदा है क्या उस लोहे की खरीद पर एंट्री टैक्स जमा करना होगा| कृपया बताने की क्रप्या करे
भवदीय


Sam G   17 February 2015 at 20:19

Transfer of mutual fund units to my wife as alimony

Hi, can some one please advise if I can transfer my mutual fund units to my wife as alimony payment without any tax consequences?
I have investment in debt fund and equity fund which are not 36 months or 12 month old respective, so If I liquidate the units I would have to pay short term capital gain and exit load which would be a substantial amount, can some one pls advise if there is a way to avoid redemption by transferring these units to her demat account?

I also read something about opening a trust could be another way to transfer the assets for a particular purpose, can someone can advise about the feasibility of using a trust for payment of alimony? Thanks

Arvind Pal   17 February 2015 at 17:54

Service tax exemption.

Whether specific exemption issued prior to negative list w.e.f. 1.7.2012 will continue even after negative list regime.

bkalpagam   13 February 2015 at 12:57

Lost form h - reg

Dear Sir,

I work for a granite company. We lost the original form H. How shall we able to get a duplicate form H. Having the xerox copies.

Thank And Regards
B. Kalpagam

Minal Ghag   13 February 2015 at 12:10

Stamp duty and it relief on gifted property

Dear Sir,

1. My mother had bought a residential plot for constructing a house. however she now is constructing six flats on the same plot.

2. She wants to give one of the flat to me as inheritance during her life time and wants the balance property to be given to my two brothers later.

3. However as she did not have sufficient funds, for construction, I and my husband have given her 30 lakhs which is sufficient for construction of one flat only. the Market cost of the flat is 65 lakhs.

4. In order to raise this money my husband has taken loan from PF being a central govt employee.

(A) Is giving inheritance during her life time allowed?

(B)Can we register this property as inheritance with my husband as co-owner.

(C) Can my husband get the tax benefit.



(D) How much stamp duty registration charges will be required to be paid for processing it as
(i) Inheritance
(ii) Gift
(iii) Sale deed
(E) What would advisable, to process it as inheritance or gift or a sale deed in name of my husband to maximise tax benefit as well as to pay minimum allowable stamp duty?

Regards

Somsuvra Mukherjee   13 February 2015 at 11:58

Tds deposited but not deducted

Dear all,

I have a query regarding TDS.
My client being a company have deposited TDS (Group TDS) with the ITD but have not, rather, forgot to deduct the same from the individual assessee. Now, after few years, on attempt to recover the TDS amount from the assessee, the assessee is not willing to pay the amount. What is the legal provision to recover the said amount from the assessee ?
Kindly provide with the Judgements also. if any .
Thank you in advance.

P V VAITHYANATHAN   11 February 2015 at 06:21

Capital gains on goodwill money for property development

I am 70 years old and residing in Chennai. I had an old flat originally purchased by me from Housing Board in 1980.

Recently the owners of our flat decided to go in for a joint development of our property with a contractor. Each flat owner has now received a lumpsum as goodwill money from the contractor, in addition to a new flat at the same premises where the old property stood.

Please let me know whether this goodwill money is taxable in any way. If so, how the tax would be assessed and how to avoid or minimise the same?

Appreciate your valuable advices. Thanks.

RAJESH S BATTU   09 February 2015 at 13:02

Itp registration

My query regarding ITP registration. I have applied for ITP registration to Income Tax Commissioner. After hearing the Commissioner has told me that you have not knowledge Company and ur application rejected.
So What I have remedy for rejection of my ITP application.
However I have completed my B.Com degree and appearing to the assessment cases at Two.
Plz advise and thank u in advance.

RAJESH S BATTU   07 February 2015 at 13:44

Regarding capital gain

My client haveing open plot which was received in the year 1975 from father he wish to sell that property in such case he has any exmption u/s 54F if he has want to purchase of House property.