Taxation queries [130]

Nagesh Swami 06 February 2015 at 20:31

Epf

Sir one My Client is Hotel Owner.He is running one hotel on rent basis. That hotel previous owner not takes any number for EPF.But also EPF enforcement officer directly issue the establishment number. So, EPF enforcement officer issue a notice to second lease hotel owner file pending period return & paid unpaid tax.My question is the only six to seven employee are working in his hotel so actual he is not liable to EPF criteria. So, he can apply for EPF code or resgistration cancellation.

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Roshini Arya 04 February 2015 at 06:09

Transferring ppf to huf account

Sir
My friend who is going through a divorce wants to close his PPF account of 15 years and transfer that money(from PPF) to the HUF account of his parents where his father is the karta.

He is doing so to avoid any legal complication.

However in the bank where the HUF account is operative his name is not present. Can he do so without getting into trouble with the IT dept.

Regards

Roshini

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nagarathinam 02 February 2015 at 10:48

Four judgments

I need below four judgments early as possible.
Thanking you.

1. Bhagyalakshmi Poha Industries vs. Commissioner (2007 (215) ELT 455 (Tri.-Bang)
2. Mahavir Food Products vs. Commissioner (2007 (211) ELT 29 (Tri.-LB)
3. Mini Food Products (2008 (231) ELT 631 (Tri.-Ahmd)
4. Bhagyalakshmi Poha Industries vs. Commissioner (2008 (2321 ELT 627 (Tri.-Bang)

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JAGANNATH RAO PARINAM 01 February 2015 at 17:15

Jurisdiction for filing of income tax return

I have shifted from Chandigarh to Hyderbad in 2012 .I had been filing I.tax returns till 2011 at Chandi garh.But after shifting to Hyderabad I had filed return for 2011-12 by online giving the Ward no. as per my residence in Hyderabad.But as per my PAN no. the jurisdiction is still shown as Chandigarh since I have not intimated change of address to Income tax office through NSDL.My income from other sources is Rs 800000/=appx. for 2013-14.I sold my house in Chandigarh in 2013 and constructed another house in Hyderabad.My question is ,can I still file my income tax return for 2013-14 (FY)manually at Chandigarh or I have to file in HYDERABAD .Now I don't have any residential address in Chandigarh.

Thanks

pjrao

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sarmaavnhs 30 January 2015 at 19:50

Capital gains

Hello Sir...
I am a salaried middle class employ paying tax at TDS and filing returns regularly. Now my wife got a site from her parents and it was registered in her name. Recently it was sold according to the market rates. She got a substantial amout. What kind of investments she can do to reduce or avoid tax? As every body knows she got some amount according to the market rate beyond registration values... What she can do?

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srinivasa 30 January 2015 at 15:14

2nd home loan

Sir
I am an employee of LIC OF INDIA
gross salary per annum is 740000.
(Q.1)In january 2015 I have taken 80% completed flat for rent purpose from LIC HFL loan at 10.1 % interest of rs.177000Emi -19594. Emi starts from february 2015.FLAT COMPLETES FOR POSSESSION IN FEBRUARY 2015 END.CAN I ELIGIBLE FOR IT REBATES.
(Q.2) I want to construct a house for residence purpose (2nd home loan)in march 2015and applying loan from LICHFL loan of rs 1200000. Here for LIC employees lic of India is giving loan on concessional rate of interest of 5.5% from LICHFL .AM I ELIGIBLE FOR INTEREST AND PRINCIPLE REBATES FROM INCOMETAX SEC 24 and sec 80C FOR TWO HOMELOANS EMIs.WHAT ABOUT THE REGISTRATION CHARGES FOR THE FLAT.

PLEASE GIVE ME CLARIFICATION I AM IN CONFUSION THAT 2 ND HOME LOAN IS BEST OR BAD FOR THE PURPOSE OF IT.

PLEASE PLEASE GUIDE ME CLEARLY

THANKS®ARDS
SRINIVASA

PLEASE GUIDE ME CLEARLY

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varun Garg 30 January 2015 at 12:25

Service tax applicability on franchisee providing services which are service tax exempt.

HI

I want to know whether a Franchisee providing clinical laboratory services and generating a revenue over 10 lac P.A, would the Franchisee pay Service Tax on the Royalty paid to the Franchisor / (Brand).

The Franchisee collects samples and sends them to central laboratory setted up by the Franchisor, The Franchisor generates the medical report and the reports are routed to Patients through Franchisee.

Will there be any service tax on such royalty paid to franchisor and how will that be calculated.

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laxmipanjwani 29 January 2015 at 20:49

Excise

If i submit POE(LUT) AFTER 6 MONTHS THEN WHAT WOULD BE THE CONSEQUENCES?

When we reimport the goods then when we will submit D3 form in excise?

If my original ARE 1 misplaced then how can i claim for rebate or POE?

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Santosh Kr. Agarwal 28 January 2015 at 11:58

Stamp duty and registration charges for a flat - 80c

I have purchase a Flat on LOAN for my RESIDENTIAL PURPOSE & pay my Stamp Duty & Registree Fee by my Bank Account (Not included in Loan).

I found in I.T.Act under 80C that"(d) stamp duty, registration fee and other expenses for the purpose of transfer of such house property to the assessee" can claim in 80C. So

Can I claim it under 80C.

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Anju 27 January 2015 at 17:00

C form

if a firm is closed because the death of proprietor and the same firm is running with different tin number and proprietor and c forms are pending in old firm. can we raise? what is the procedure?

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