icecoolsiddu
21 November 2014 at 01:43
Dear All,
I am student and i don't have any other income but i hold deposits in a public bank, where i earn a deposit interest of rs.10850 to 11000 approx. I hols a PAN and i also have submitted 15G form to the banker and got witnessed for the submission on 7APR14. But after four months later i can realize they are deducting TDS for the interest amount that i am getting on monthly basis.
When i inquired they said i will issue 26AS form from our side you need to file IT returns and get refund for the same.
My question is that I have submitted 15G on 07APR14, but this is purely banker mistake, i need to take action on them and get compensation for the same. Is this possible please suggest.
parteek bathla
20 November 2014 at 18:19
Interest received on enhance compensation under section 28 of land acquisition act. Whether this Interest amount is taxable under income tax act or not?
Mohammad Usman
20 November 2014 at 16:11
I am a manufacturer and involved in both import of raw materials and export of finished goods. How can I avail benefit of export in exemption of custom duty? And are there any other export benefits which I should be aware of?
MOHAMED FIROZ
19 November 2014 at 11:48
My friend, 64 years old, an NRI sold his house on registered document for Rs. 1 crore, one week back only. The buyer paid him the entire amount by RTGS without any deduction for tax purposes. The amount has been deposited in the NRO a/c. His capital gains tax comes to around Rs. 19.50 lakhs after cost indexation deductions.
Is it mandatory to pay the TDS before the sale? If so what is the correction to be done now? When should he pay his tax liability of 19.5 lakhs? Is his total tax to be paid is 20% on capital gains or 21% including the 1% on TDS before registration? Can he pay his tax liability under self assessment at the end of March 2015?. Should he pay Advance Tax now itself?
Nimish Karwa
18 November 2014 at 09:39
WHEATHER CAPTIVE CONSUMPTION IS TO BE SHOWN IN THE ER 1 RETURN
Ravi Iyer
18 November 2014 at 04:08
The Income Tax department placed a lien on my home in Mumbai back in 1994. Is this lien still in force in 2014 or is it time barred. Thank you for your help.
avneesh
17 November 2014 at 00:24
SERVICE TAX DEPARTMENT ISSUED A NOTICE TO ASSEESEE WITH ASKING FOR SUBMISSION OF B/S AND ITR AND 26AS OF 5 YEARS (BECAUSE DEPTT. RECEIVED INFORMATION FROM PAN OF ASSESSEE THAT THE ASSESSEE IS PROVIDING SERVICES MORE THEN 20 LACES Rs. FROM PAST TWO YEARS)
QUESTION-
1-BUT IN NOTICE ANY SECTION UNDER SERVICE TAX IS NOT MENTION THEN IT WILL BE VALID NOTICE OR NOT
2- DEPTT. HAVE RIGHT TO DEMAND 26AS OF ASSESSEE
avneesh
17 November 2014 at 00:16
WHETHER SERVICE TAX DEPARTMENT HAVE RIGHT TO DEMAND 26AS OF ASSESSEE BY ISSUING A NOTICE
AVNEESH.BIBHU@GMAIL.COM
Khwaish
16 November 2014 at 22:06
This is a real Situation:
A friend (say Mr X)has an ancestral property in West Bengal. Now basically there are only 3 legal heirs to this property(and their children).
This land is sold to a Contractor who will makea complex and hand over 1 flat each to the 3 persons and some cash in periodical intervals.
Now cud u plz help me with tax implications.
Does this flat that will be purchased in return be eligible under Sec 54
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Income tax department
For non-payment of dues Income Tax Department took possession of the assets of a public limited company. The put public notice inviting tender a number times but could not sell the assets as the Department was not getting floor price.
The watchman placed belongs to the Company.
Can the Company do business form the premises?