Rupesh
24 July 2014 at 22:16
Hi,
I am planning to open fixed deposit in bank next month. As per my knowledge, form 15g should be submitted at bank in beginning of year to avoid TDS. but in this case how can i avoid TDS as my FD will be opened in mid of the year. Is there any fixed timeline to submit for 15G?
thanks.
arun
24 July 2014 at 13:24
sir,
i was allotted house(Rs 18 lakh) in 2007. I got the possession and i did conveyance deed in March 2011. i sold the house( 29.50lakh) January 2014 and purchased new house in resale of Rs 65 lakhs (part payment of Rs 16.50 lakh before 31 March 14 and rest in april with bank loan of 42 lakh, conveyance deen in april) i also deducted TDS and paid to IT dept.
sir, do i have to pay Short term/long term capital Tax. if yes in which FY if no, do i have to intimate IT dept through any form?
arun
jatt
23 July 2014 at 19:46
I have recently received my mothers family pension. She passed away in year 1992. I have received pension from 2004 to 2010. She was in mns services of armed force. There was no deduction by pcda. But my bank deducted tax on it. I want to know few things:
Is there exemption under any section of IT act for my case?
If sec 10(19) applies.
Please provide me the correct tax liability?
NITIN GOYAL
23 July 2014 at 01:48
Sir,
I am a advocate practising with Agra and today I am facing trouble about my client case that:
My client is having business to supply building material (cement, brick, saint etc.) to various govt. departments and they provide him various yogna and rate, qty to which he will supply to them.
In the particular F.Y. my client supply the above mentioned material to them and they deducted TDS & Trade Tax i.e. 2.25% & 4% on total value of supplied material. Because all rates and quantity provide by the dealer he has billed to them with inc. vat, freight etc rate but now the problem is at the time of case present to the concerned off he was not agree that all goods which supplied to them are inc. vat and he raised a demand notice to stated that the assessee has not charge any vat on all supply and he have calculated all tax on total supply. Here, I am giving you some example which can easily understand by you:
MR. X supply one bag cement @ Rs. 325 (inc. vat) to Mr. Y in this case vat liability comes to Rs. 44 (approx) @ 15.50% vat rate.
But officer comes to note to charge tax on full amt of Rs 325 i.e. Rs.50
So this is my query that at what position what amount of vat is considerable.waiting for your reply.
gudipati nagaraju
22 July 2014 at 20:25
Dear Sir / Madam
Please help me out regarding the subject.
From where can I get a Affidavit for DOB to apply for PAN card ,
And how much It will cost
Thank you in advance
Ramesh Kumar Pandey
22 July 2014 at 18:19
Dear sir,
Can you provide us Service Tax Code for Payment of Reverse Machinisim under Man Power Supply
Sajid
22 July 2014 at 17:00
Sir,
In my opinion, CST Sale against C form is 2% and it is applicable to All India. But in TN VAT if you raised interstate Bill against C form at 2% rate, you have to reverse 3% Input Tax Credit, available to you. What is it, sir.
In that case you have to pay totally 5%.
Can any body give me more details of
What Reversal of Input Tax Credit, and CST Sale against C form.
Please put your knowledge on it , Sir.
Suvo
22 July 2014 at 00:53
hello friends :--
I am here with a very serious issue & i need help from you all .. plz help me.. plz...i am 26 , from a small district town , & only earning member of my family.. i am a ca inter & cwa inter & bcom(h) with 71%.. i have appeared for final but i could not clear it .. now i was looking for job , so i came to kolkata, i got two opportunity in 15th july 2014, one was in tcs in banking process with salary of 15000 with medical insurance,pf & cab & other one was in db desaid & co.. one of the biggest ca firm in india who deals in indirect taxation. from the very begining of my career i was dreaming to have my own tax firm.. i was looking for practice. but now i am not a ca.. so i am a bit afraid & feeling unsecurity with practice though i know taxation very well,, plz help me
. now i have two option , one is i can join tcs , and in future i can do mba in distance & remain in mnc .. or 2nd i can join db desai & co & do llb and after few years i run my own tax firm..
which one is better ???? i dont have any link in kolkata,, i stay in a hostel .. i want to know what is my future if i join d b desai & i think to run my own tax firm at age of 31 .. what is the consequences..
in which area can a tax consultant earns income with llb degree .. i know few area like appeal.. sales tax but wht i wonder is this task are also done by ca . then what is the gaurantee that i can get client in future.. plz help me.. i am very confused.. actually i want to run my own firm .. plz guide
rupinder
21 July 2014 at 12:40
Hi,
I want to deposit 10 lac's in my father account for foreign study purpose. My father is working agriculture. Pls let me know that how we can save from tax.we want to deposit as FD for year. Is there any way that we can save through form J. or ant other procedure.
regards
rupinder
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Profetional tax slab for m. p.
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