DEBENDRA NATH SAMAL
03 August 2012 at 17:44
Hi, I am Debendra, want to know a dealer named X from odisha purchased material from a dealer Y of West Bengal. while material was on the way, changed the document on name of another dealer in odisha Z. Now the dealer X says the transaction is U/s 3(b) of CST Act. Whether dealer Z will issue C form to dealer X or not. And whether X will issue E2 declaration to dealer Z or not.
sushma
02 August 2012 at 15:45
dear sir,
Me and my husband has taken home loan of 5000000(fifty lakh) and EMI is around 50000(fifty thousand).We both want to take benefit of TAX.can you tell me how much minimum EMI I should pay to them(my salary is 40000).Actually I don’t want to give maximum emi but I want maximum tax benefit .so is it ok if I pay 10000 emi from my salry and rest of my husband. my main concerned is can I get full tax benefit of the basis of 10000EMI?.
ANKIT GOR
01 August 2012 at 18:30
Thanks For Your Kind Support earlier,
This time i wanaa know that I have client Sold last March Property and earn CApital Gain From It after effecting all Indexed costing.
She Donate the all amount in The GUJARAT CANCER SOCIETY which held Certificate of 80GGA as well as 35AC.
What is the effect for this donation from Her Capital Gain Income?
Please give some idea for it..
Thanks
ajit
01 August 2012 at 13:27
Can gift of money in lacs be made to a trust created for the benefit of a son.
Can the traust utilise the money for giving loans to the third party.
Whether GIFt tax is payable.
Can gift be made to the son at first . Than the son in trun donate the amount in the trsut created for his benefit.
Can the son charge loan on the trust
please advise in both cases
ikramuddin
01 August 2012 at 11:16
Dear Sir, My friend's brother is registered junk dealer,he purchase scrap from unregistered persons in Rs.44/- kg.(without bill/tax)
& Sale it rs.45/- per kg. by Tax invoice(Tax Rate is 5%), hence, his profit is Re.1/- per kg.
in June month- He purchase 20000kgs. scrap@44/-of Rs. 880,000/-(without bill/tax) , Sale it @45/- in Rs.900000/- (indirectly his profit is Rs.20000) but he paid VAT Rs. 45000/@5% on Rs.900000/- now his los is Rs.(45000-20000)25000/- Now my question is how he should billing or business? Hence his C.A. says billing (sale) should be rs.45/-(Actual Rate) per kg.
Vishnu
01 August 2012 at 07:01
Is there any deadline to convert NRO deposits into NRE....
please provide me the details
a k pandey
31 July 2012 at 20:20
Husband has filed T.E.P. against his FIL for claim of giving dowry of 15 lakhs in FIR under 498a. FIL has submitted his explanation to I.T. Deptt. where he has given expenditure details of Rs.9,90,000/- only without any proof and claiming to get this amounts from his friends and relatives. I.T.O. has submitted his report to close the T.E.P. enquiry.
FIL has claimed of getting gold 15 tola and silver 100 tola and Rs.3 lakhs from his FIL before his death for marriage of his grand-daughter which he has given to husband as his FIL has no son. Whether this explanation is valid proof of giving dowry of gold 15 tola and silver 100 tola and other household articles of Rs.3 lakhs.
This information has been collected by husband from clerk of I.T. Deptt. unofficially. Husband has seen this written statements.
Whether FIL's written statement and I.T.Officer's Enquiry report can be collected from I.T. Deptt. under Right to Information.
ikramuddin
31 July 2012 at 12:47
Dear Sir, My friend's brother is registered junk dealer,he purchase scrap from unregistered persons in Rs.44/- kg.
& Sale it rs.45/- per kg. by Tax invoice(Tax Rate is 5%), hence, his profit is Re.1/- per kg.
in June month- He purchase 20000kgs. scrap@44/-of Rs. 880,000/- , Sale it @45/- in Rs.900000/- (indirectly his profit is Rs.20000) but he paid VAT Rs. 45000/@5% on Rs.900000/- now his los is Rs.(45000-20000)25000/- Now my question is how he should billing or business? Hence his C.A. says billing (sale) should be rs.45/-(Actual Rate) per kg.
Sandeep Kulkarni
31 July 2012 at 12:29
Hello ,
I am from Pune and living in my own bunglow for past 12 years.My plot area is 2800 sq.ft. and so far have constructed 1750 sq.ft ( 1000 sq.ft. on ground floor and 750 sq.ft. on first floor ).
There is partial terrace available ( approx 250 sq.ft. ) on the first floor of my house.
I want to construct a fabricated shade covered with hard plastic sheets on this partial terrace and start a " Panchkarma treatment centre ".
May I know about following ;
1) whether such construction of fabricated shade is permissible ?
2) If yes , whether it attracts any kind of corporation/property tax ( considering business purpose )?
3) Whether it attracts any commercial tax as I intend to start a " Panchkarma treatment centre " in this shade.
Please guide me for the above mentioned .
Thanks ....
Yours Sincerely
Sandeep Kulkarni
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Tax liability for nri
Respected Sir,
My client employer of Indian Co. but he is working abroad and He is working for one month and one month leave. My question for above matter that Assessee is NRI of Indian as per Income tax Act.