VARUN SHARMA
05 August 2013 at 17:34
OFFENCE UNDER SECTION 181 OF INDIAN PENAL CODE WHETHER CAN BE COMPOUNDED UNDER SECTION 279(2) OF THE INCOME TAX ACT, 1961
VARUN SHARMA
05 August 2013 at 17:28
OFFENCE UNDER SECTION 181 OF INDIAN PENAL CODE WHETHER CAN BE COMPOUNDED UNDER SECTION 279(2) OF THE INCOME TAX ACT, 1961
venish ladva
05 August 2013 at 14:23
IF AN INDIVIDUAL HAVING TOTAL TURNOVER OF RS. 36 LAKH AND NET PROFIT HAVING RS. 51000 THEN..... IF DEALER IS TRADING IN ALLUMINIUM SCRAPS.. AND ASSESSEE HAS STARTED HIS BUSINESS FROM CURRENT YEAR.. 1. WHETHER AUDIT U/S 44 AB REQUIRED ? 2. WHAT IS DUE DATE TO FILE ROI ?
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P Garg
05 August 2013 at 14:10
I have received an IT Notice dated 30.07.2013 Under Section 142(1) of the Income Tax Act 1961 for the assessment year 2011-12.
Is the IT Notice valid ? Please advise what steps I can take ?
Kind regards / P Garg
JAGDISH GUPTA
05 August 2013 at 03:54
W.E.F. FY 2012-13 onwards, computer software is included in the term Royalty and hence TDS applicable on purchase of even bundled software.
In my opinion, this is not practically feasible as a walk-in customer going to purchase some box-packed ready to use software over the counter for use of his firm, how the seller store-owner allow him to deduct the TDS of seller store-owner company and how shall the seller believe buyer that he will deposit his TDS correctly to the credit of his account.
It could be made applicable only to customised software development contracts where the customer company builds up certain relationship with the developer-service provider company.
Kindly 1. Confirm that actually it has been so made compulsory to deduct TDS of seller company by buying person on purchase of bundled / packaged software;
2. How shall it be practically achieved;
3. Are there any protests / appeals / Stay Order etc against this recent amendment due to its uneasiness and impracticability;
4. Does it legally hold any ground and how to effectively challenge such rubbish enactments.
Dinesh RAthod
04 August 2013 at 22:09
A friend had submitted late filing of returns for AY 2008 and 2009 in Jan this year. Even though the taxes had been submitted by the MNC that he worked for, the filing was done late. When he went to check on the refund status, he was told by the AO that the system is showing a notice under sec 153A and sec 153C which he himself does not know and will check. Can you advise what is this and can he get his refunds even though he has filed the returns late? As per the CA who filed his return, he feels that friend is eligible for refund but no interest on late filing however the AO was of the opinion that this cannot be claimed now. pls advise?
Prem
04 August 2013 at 16:09
Dear Experts,
Under RTI is it possible to get the details about the Income tax filing reports for 1990 - 2013 for Public Trust, which is running a Polytechnic college.
Moreover, we are one of the trustee of the public trust. Since we have disputes among the trustees, I had approached them several times, but still they are not giving the copies.
Please advice.
Thanks a lot
Prem
avneesh
03 August 2013 at 22:38
1. what is body corporate ?
2- L.I.C is body corporate ?
3- Uttar Pradesh Power Corporation is body corporate ?
avneesh
03 August 2013 at 22:32
1. what is body corporate ?
2- L.I.C is body corporate ?
3- Uttar Pradesh Power Corporation is body corporate ?
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cash gift given by deceased father
Dear Sir(s),
My deceased father who had expired about a year back, left some cash with my mother for me which I am not sure whether he had subjected to tax. Now if my mother gives me the amount with a declaration that she had received it from my late father and giving it to me, what kind of taxation will be applicable for that?