Saurabh Bajaj
10 December 2012 at 15:28
Dear Experts,
My father is a senior citizen and has sold a property in Nov 2012, wherein the long term capital gain tax works out to be Rs. 3,04,000.
Does he have to pay advance tax before 15 Dec 2012 or can he pay total tax at the time of return filing ?
He has no business income. He gets small pension from old employer.
Mohammed Sajid Khan
10 December 2012 at 13:00
D/Sir/s,
On NRI account, by Ten Lakh FD, i get around 9.5% interest per year, which would be around 95,000, the interest amount i prefer to take per year. Does any tax deduction would be applicable in that amount of 95,0000, pls advice, or bank shall credit whole amount?
Thx and regards.
visu
10 December 2012 at 11:45
Sir ji.. (panga ho raha hai)
Pl. clarify on remittances in foreign currency; for a service rendered outside India for a contractor in India. The assessee engaged a sub contract outside India and made payment in USD.
To make it here is an eg
"A" have place of business in India, enter into contract with "B" who is having business in India, to execute a repair service at "D" who is client of "A" at outside India,
"D" who does not have business in India.
"B" a sub-contractor of "A", having business in India, engaged another sub-contract "C" outside India to execute the repair service (zzp)to "D" at outside India.
"C" and "D" are located outside India
"A" and "B" are located in India
"B" raised bill to "A" and received INR and made payment to "C" in USD
"A" raised bill to "D" and received payment in USD
what is the liability of "A" and "B" seperately.
a) Is it export service; since the service provided outside India; or
b) Taxable service since the contractor is having place of business in India
visu
10 December 2012 at 11:23
Sir ji.. (panga ho raha hai)
Pl. clarify on remittances in foreign currency; for a service rendered outside India for a contractor in India. The assessee engaged a sub contract outside India and made payment in USD.
To make it here is an eg
"A" have place of business in India, enter into contract with "B" who is having business in India, to execute a repair service at "D" who is client of "A" at outside India,
"D" who does not have business in India.
"B" a sub-contractor of "A", having business in India, engaged another sub-contract "C" outside India to execute the repair service (zzp)to "D" at outside India.
"C" and "D" are located outside India
"A" and "B" are located in India
"B" raised bill to "A" and received INR and made payment to "C" in USD
"A" raised bill to "D" and received payment in USD
what is the liability of "A" and "B" seperately.
a) Is it export service; since the service provided outside India; or
b) Taxable service since the contractor is having place of business in India
Rajiv Mani
09 December 2012 at 21:48
I have received demand letter under sec 143 (1). Can you tell me where in mumbai i can deposit the same.and what challan needs to be filled.
surjit singh
09 December 2012 at 19:10
A person who get his salary from government, his salary is within the exempted limit. Apart from that he has invested some amount in share market. From the share market also after investigating about 1,50,000/- he has got about 10,000/- in a year. If his salary and this 10 thousand is taken together then also he does not come under the taxable limit.
But he has got fixed deposits in the nationalised bank from where he is getting interest of 40,0000/- in a year. On this FD interest the bank is deducting 10% as TDS.
Now my question is whether the person should have to file income tax on the income from the share market.
Ayub Hussain
09 December 2012 at 16:01
Dear experts kindly advice on the below subject matter:
1.If father dies and there is an income tax case pending on the father on scrutiny, does the liability to appear before the Assessing officer or any authorities fall over to the Son ?.
2.And if the father dies in the process of finalising the case pertaining to the case is there any law which prohibits the sale of any immovable properties by the legal heirs ?
Kindly advise on the same.
hetalsangoi
09 December 2012 at 13:14
Pvt. Ltd. Co wants to delete the charges from the ROC site as he had sold the property on which charged recorded on MCA site of ROC. Bank has given the NOC to sold the property. what is the procedure company has to follow to delete the charge?
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Vat tax knowledge.
Dear sir,
i opened a business in raipur chattisgarh, where the purchase was around 12 lakhsfrom delhi against c-form,
and i sold goods worth 6 lakhs.
i paid a vat of 22k in 1st quarter, now my work has incurred loss and i want to shift this to my home town to save ma rent etc.
i have to take the goods to ma home town and also clear the old vat some where roughly 60k + but that will again cause me loss
so,
please advice.
shotgun0072003@gmail.com