Suri Kam singh
29 November 2014 at 21:00
I got married with undivorced married female without seeing her divorce papers,
In due course of time,( bcos mistake was made) I did not want to b cruel to her, so I started new life with her and bought one flat 2BHK and one shop in My name as first purchaser and her name as second purchaser, although she did not contributr a sinle Re to acquire these properties and these properties are being shown in my IT returns.Now she is changing her colors. My question is: If WE sell any of these properties, How do we get the Cheque from buyer, Wheather one cheque on my name, or one each in name of each of us with 50% of the amount, How will the IT will be paid,
Can she take cheque of 50% of proceeds,than how she is going to show?
Pls. let me know my liabilities as for Tax, Rgds
Member (Account Deleted)
28 November 2014 at 23:04
It is bring to kind notice that the Telangana State Northern Power Distribution Co Ltd (TSNPDCL) which is having address of,
THE CHAIRMAN & MANAGING DIRECTOR,
HNO: 2-6-30/2, CORPORATE OFFICE,
TSNPDCL, VIDHYUTH BHAVAN, NAKKAL GUTTA,
HANAMAKONDA, WARNGAL-506001, TS
Are collecting heavy illegal penalties from the employee's salaries & retirement benefits as part of punishment against disciplinary cases in corer rupees and understood that they are not paying the Income Tax for such amounts since long time as responsible organization. The Company is showing such type of penalties in employee’s cost to escape from the TAX.
If the same payments are made to employees by the Company, employees are paying the Income Tax regularly. In return when the company is earning such amounts by way of penalties from the employees, they are supposed to pay the Income Tax. Nonpayment of tax by the Company is injustice and loss to the IT Department.
Hence it is requested to clarify the rule position along with authority to take necessary action for collecting tax along with arrears from the Company immediately.
vikash
28 November 2014 at 17:41
Dear Sir,
Our Co working in Biharshariff Circle and holding TIN no of Gaya circle where it has worked. now department of Toursim awarded work contract to our co in Biharshariff circle. and we have applied for separate TIN in biharshariff circle and we got it lately. now department deducting 5% as sales tax and paying this amount in our Gaya TIN and also our co purchasing goods with Gaya TIN.
now we are facing some problem.
1. our suvidha has been closed by the Biharshariff Cirle by the Deputy Commissioner on the ground non Payment of tax.
2. how to claim input of our purchase and how to file retrun with each circle.
we want our tax deposited in gaya circle should be considered as Sales Tax duly deposited as both are under same state and VAT/Sales Tax is state government revenue.
PRASHANT
27 November 2014 at 17:59
Dear,
I have certain doubt regarding tax system
of municipality
we pay HOME TAX & WATER TAX for our residential property..in our city HouseTax and WaterTax are equal..i don'y know why??
secondly..i have a building which i had rented to an office .. I want to know how the tax for municipality is calculated??
i mean as per my knowledge this building will be counted in commercial structure...and the valuation is done on monthly rent...have only one query.. do i have to pay WATER TAX for this building??
Vinod
27 November 2014 at 10:31
Sir,
I am working in PSU. In 2013-14 FY my company revised the Pension scheme w.e.f 2007. And started Employer contribution @ 15% of basic.
w.e.f 2007. The company contributed this as arrears contribution in 2013-14 FY for 2007,2008 so on. And it taxed at the Hand of Employee during AY2014-15. BUt i heard that up to Rs.1 Lakh contribution by employer towards approved Pension fund is exempted. So can I Claim this deducted tax by filing a revised return now.Please clarify with relevant provisions.
Vinod
27 November 2014 at 10:23
Sir,
I had purchased a second hand flat(10 years old) on 2010 by taking a loan. I am claiming tax saving u/s 24 for the interest paid on this housing loan. In 2014 I had taken another loan to repair and renovate the same flat where I am saying now. Can I cliame the Interest Paid for both the loan together(with in the ceiling of Rs.1.5 Lakhs U/s 24 of IT Act?
N SURYANARAYANA
26 November 2014 at 18:46
In case of freight earned by non-resident shipping company and as per Article-24 of DTAA “Limitation of Relief” clause entered into India with Singapore the tax treaty benefit is available when the amount is remitted/received in Singapore. What is the correct position of law in case where there is a short remittance of freight amount on account of “address commission”, brokerage etc, which are deducted from the freight amount and which are at the standing instructions of the non-resident shipping company itself and for which proof is produced ? Whether any proportionate taxation to be done in India for such short remitted amount in Singapore ? Your valuable comments are solicited since this being a contentious issue between the IT Department and agents acting on behalf of non-resident shipping companies .
Jignesh
26 November 2014 at 17:44
I have received a notice u/s 147 of IT act for AY 2007-08 in Nov '14. And can AO of another jurisdiction send a notice while I have filed my return in some other jurisdiction.
What is the time limit for receiving a notice u/s 147 of the income tax act. Can an assessing officer of erstwhile jurisdiction issue a notice u/s 147
Pranav Parmar
26 November 2014 at 16:29
Dear Sir,
section 139(1) of income tax said that if the "total income" of a person is less than maximum amount chargeable to tax then no return is required to file.
My quarty is that
section 139 said word total income that means after deduction of Vi-A deduction.
But many experts said that it is before chapter VI-A deduction. it means it is gross total income.
why the experts are saying like this. is anywhere is mentioned that it before deduction of Chapter VI-A deduction
Please clarify
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