avneesh
19 August 2012 at 15:28
a person is agent of lic. he received total commission Rs. 350000 so tds has been deducted Rs. 35000. now he want to fill return.
additional information is-:
Deduction of 80C available - 55000
he want to claim exp. - 115000
he want tax liability - nill
he want refund - toatal 35000
he is earning same amout from last two a/y
Please provide us-
1- which ITR is required
2- Can I file Itr 2,and i can claim exp.
3- if I file itr 4 than balance sheet and p/l is mandary or not
4- if i file itr 4 how much capital can take
5- if i file itr 4 what is business category
email- avneesh.bibhu@gmail.com
hetalsangoi
19 August 2012 at 14:40
Audited pf has purchased the property of L&B in Aug2012. He wants to do not claim & provide depreciation for FY 2012-2013 in the books of accounts & planning to claim from F.Y. 2013-2014. Is this valid or justify? Can he do? Why?
he plan to sell it after 5 years.while cal LTCG,HOW dep poni is considered if he does not provide dep in the f.y.2012-13 & provided dep after wards? how to see this issue from the point of taxation ? is it viable?
pooja dedhia
19 August 2012 at 13:54
Gala is exchange in 5 April 2012. LTCG is arise of Rs 14 Lacs.If i want to do tax planning what is the time limit? How can i do tax planning available in income tax Act?
what is the last date to invest in NAHABARD BONDS ?
Member (Account Deleted)
18 August 2012 at 10:08
A Lady sold her main residence in 2009 for Rs. 4,00,000/- and during the same year invested Rs. 12,00,000/- for purchasing a new flat which is still under construction.
The lady is a house wife.
Whether she will be liable to pay any Capital Gains Tax and if so how much?
Whether basic exemption and other reliefs available in the income tax act are considered while calculating Capital Gains Tax?
munish
17 August 2012 at 21:25
THAT A POST OFFICE AGENT COLLECT CASH OF RS : 15000/- EACH FROM 40 CUSTOMER ( TOTAL AMOUNT 6 LAC ) AND CARRY AMOUNT FOR DEPOSIT POST OFFICE IN THEIR RD ACCOUNTS. DURING ELECTION 2012 PUNJAB THE CASH WAS SEIZED BY I T DEPARTMENT. NOW MY QUESTION THAT HOW MANY PEOPLE FACE PROBLEM FROM I T DEPARTMENT. WHOM CASE WAS SELECTED FOR SCRUTINY AND HOW THE AMOUNT WILL RELEASE.
THANKS IN ADVANCE
pooja dedhia
17 August 2012 at 16:59
i want to export tomorrow the goods to US country,i want to make bill,please guide me what rate i have to take?
is it valid the following calaculation:---
suppose today rate now 1 USD=55.6912
I WILL deduct 0.50 from above rate.
Now rate will be 1 USD = 55.1912
TAKING THE BASE OF 55.1912, IS IT CORRECT practice or should i do take the Rate 55.6912
which are the correct site to consider the foreign exchange rate?
pl guilde me/
Mihir
17 August 2012 at 16:21
In Private Family Trust, is it possible to have same person as Trustee and Beneficiaries???
N Gopala
17 August 2012 at 11:13
Sir,
What is the applicability of Service Tax to maintenance work contracts like repairing and painting of existing buildings? What is the exemption limit for Service Tax?
N. Gopala
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Mvat and gvat form f
Company ‘A’ is located at Vasai, Maharastra. (Purchaser)
Company ‘B’ is located at Valsad, Gujarat. (Job Worker)
Company ‘C’ is located at Vapi, Gujarat. (Seller of Raw Materials)
Company ‘A’ has appointed Company ‘B’, located at Valsad, Gujarat as a job worker. Company ‘C’ is the raw materials supplier. The moment of goods are as under:-
1. Company ‘B’ does job work for Company ‘A’.
2. Company ‘A’ order for the purchase of raw materials from the Company ‘C’ located at Vapi.
3. Company ‘A’ instructed Company ‘C’ to directly deliver raw materials at the location of Company ‘B’
4. Company ‘B’ received raw materials from Company ‘C’.
5. Company ‘B’, process the raw materials so received and dispatch the semi finished goods to the Company ‘A’ along with jobwork bill and Form 402.
The query is:-
1. Whether Company ‘B’ is liable to issue Form F for the materials received for job work?
2. Whether Company ‘A’ is liable to issue Form F for the processed materials received from Company ‘B’? What should be the amount of Form ‘F’? (Whether cost of total materials plus job work charges or just the amount of job work charges)
3. Can Company ‘A’ apply to MVAT department for the ‘F’ form from 2009? It should be applied separately for each month/quarter/year?
I shall be grateful for the reply.