Vishnu
23 July 2012 at 00:00
Hi
One of my client has recently started hotel business which is of 3star.
I have confusion about the following points,please clarify in this regard to the point wise and also if any gazetted not please send me ..
1)Wht is the service tax to be collected by him from customers for a) Accommodation and b)food service or restaurant
2)At what rate service tax is to be paid by the hotel owner to the service tax department on accommodation and food.
3)What are the abatement available ad their respective rates for accommodation,food/ restaurant and if any other.
4)When is due date for payment of service tax i.e is it monthly or quarterly and
returns half yearly or any change
If any files please send to
vishnuv1@gmail.com
biren shah
22 July 2012 at 00:13
if one service provider (coaching institute) purchase new property & builder take service tax from party. Is this service tax cenvet cr receivable or not ? if yes How ? 100% or 10% every year.
avneesh
21 July 2012 at 23:59
A PERSON IS AGENT OF INSURANCE COMPANY.
IN A/Y 2012-13 HIS TOTAL INCOME FROM COMMISSION FROM INSURANCE COMPANY IS Rs 1,50,000. WHICH I.T.R. WILL BE APPLICABLE FOR HIM ?
IF ITR 2 CAN FILE,
E-mail : avneesh.bibhu@gmail.com
avneesh
21 July 2012 at 23:53
PLEASE TELL ME WHAT IS PROCESS TO MAKE P.F. TRUST IN THE CASE OF CO-OPERATIVE BANKS.
IN DETAILED INFORMATION
avneesh.bibhu@gmail.com
avneesh
21 July 2012 at 23:49
A PERSON IS AGENT OF INSURANCE COMPANY.
IN A/Y 2012-13 HIS TOTAL INCOME FROM COMMISSION FROM INSURANCE COMPANY IS Rs 3,50,000. WHICH I.T.R. WILL BE APPLICABLE FOR HIM ?
AND TAX AUDIT IS APPLICABLE FOR HIM ?
CAN HE CLAIM EXP. OF Rs. 175000 TO EARN ABOVE INCOME?
IF ITR 4 IS APPLICABLE, B/S & P/L HAS TO FILL IN ITR ?
IS TAX AUDIT IS APPLICABLE ?
WHAT IS CODE FOR THIS BUSINESS ?
THERE IS ANY TAX PLANNING FOR NIL TAX.
E-mail : avneesh.bibhu@gmail.com
JEEWAN SINGH
20 July 2012 at 19:11
Kindly advice me while uploading income tax return for A.Y. 2012-13 for e-filing and then getting ITR-V, (ITR Verification) and after verifying it and signing it, it requires to be sent to Department of Income Tax- CPC, Bangaluru- Karnatak for further processing.
Whether filled-up form 10E containing the details of arrears and relief claimed under section 89(1) of IT Act needs to be sent with that verified ITR-V by post?
Where that filled-up form 10E requires to be submitted for relief claimed under section 89(1) of IT Act? Thanks
Jeewan Singh
neeru sharma
20 July 2012 at 14:40
Income Tax Liabilities of employee's wife on amount recevied on death of her husband.
1) family pension 40000 per month
(2) Death gratutity of Rs. 4 lac
(3) Insurance Claim of Rs. 6 Lac
(4) GPF nomination Amount of Rs. 7 Lac
(5) Levencachment amount of Rs. 3.lac
(5) if any additional amount received from other Source like interest on deposit
I want to know that whether she is
(1) liable to file income tax return
(2) if yes what type of amount on which she is liable to pay income tax
(3) Income tax slabs
(4) is she liable to pay tax on amount received by her OR interest received on deposit / investment of such amount received from her husband's department
akhlesh sharma
20 July 2012 at 13:38
Sir,
What is definition of U/s 44Ad of Income tax act
Himanshu Binani
19 July 2012 at 17:17
If an employr has given HRA deduction without checking the rent receipts then can I claim the same as the client is not paying rent inactual. OR
can i show that she is paying ren to her mother & treat the same accordingly in her mother file OR
I should pay the tax on it,
Advise as to what should be done in such case & moreover to obtain deduction of rent whether payment is enough or the rent receipts has to be in the name of assessee.
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Income tax - income from house property
Your guidance is required.
I have Income from House Property. I have 2 Properties in my name.
Ist property was Let-Out through out the Year and I have no Housing Loan on this Properly. I am calculating Income Tax Liability on this House in normal case.
2nd Property was occupied by me for 11 months and thereafter I had Let-Out it for 1 month in the financial year. Thus for 11 months it was Self Occupied and rest 1 month Let-Out for Rs. 18000.00 P.M.. I have Housing Loan on it and the Housing Loan amount is Rs. 1,90,000.00 (more than 1,50,000.00 allowable for self occupied property) for the financial year. Thus during the Financial year Total Rent Received is Rs. 1,20000.00 (from 1st House) + Rs. 18000.00 (from 2nd House) and the resulting Income from both the houses combined comes in minus.
Now please guide me that was will be my Net Income from House Property and what amount will be adjustable from my Salary Income? Will I have to carry forward any LOSS from House Property to the next year or I may adjust the whole amount of Interest on Housing Loan from my Salary Income.
A quick response is requested.