LCI Learning
Master NDPS 2.0: Latest Legal Developments, Best Practices & Landmark Case Studies

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GOYAL PRADEEP   24 May 2012 at 11:49

A sr. executive of bank paying i tax for last 3 decades having pan no.& filing returns -form-16.bank

SIR,
AN OFFICER EMPLOYEE OF BANK HAS AN FDR OF RS.3 LAC WITH BANK @ 10% STAFF RATE.IE INTEREST OF RS.30000/-PA.THE BANK HAS DEDUCTED TDS @ 20% INSTEAD OF !0%.PRESUMING WITHOUT A PAN NO.THE FACT IS THAT I AM WORKING WITH SAME BANK FOR LAST 40 YRS & FILING RETURN OF I.TAX FOR LAST 30 YRS ALONG WITH FORM 16 ISSUED BY BANK ALONG WITH PAN.NO.NOW BANK IS NOT REFUNDING THE EXCESS AMT.DEDUCTED.ASKING TO CLAIM THRU THE RETURN TO BE FILED.
HOW FAR THE BANK IS JUSTIFIED.? ARE THEY NOT SUPPOSED TO USE COMMON SENCE.& DEDUCT THE TDS AS PER NORMS.?
PL CLARIFY.
THANKS & REGARDS.
PRADEEP GOYAL.

GOYAL PRADEEP   24 May 2012 at 11:37

Tds-deducted by bank -on fdr interest.>rs.10000/-

SIR.
AN UNEMPLOYED WIDOW SR.CITIZEN WITH FAMILY PENSION OF RS 80000/-PA &.HAVING INTEREST ON FDR RS.20000/-P.A.IE THE TOTAL ANNUAL INCOME NOT TAXABLE.SO NOT HAVING A PAN.NO.NO CASH TRANSACTION >50000/-MADE BY HER.GIVEN FORM 60 WHILE OPENING THE A/C & GIVEN FORM 15H AT THE BEGINING OF FY. BANK HAS DEDUCTED 20% TDS ON INTEREST .REASON PAN NO NOT PROVIDED.STILL INSISTING FOR THE CURRENT YR.ALSO FOR PAN NO.
FOR THE PREVIOUS YEAR ASKING THE 90 YR OLD LADY TO HAVE A PAN NO.& FILE A IT.RETURN FOR REFUND.
HOW FAR THE BANK IS JUSTIFIED.?IS IT MADE MANDATORY THAT EVERY BANK CUSTOMER SHALL HAVE A PAN CARD.?
THE BANK IS NOT GIVING BACK THE TDS WRONGLY DEDUCTED FROM THAT LADY INTEREST AMT.
WHAT TO DO.?
PL GUIDE.
REGARDS.
KANTA GOYAL.

harshit mehta   23 May 2012 at 22:13

Under gujarat vat act

for a dealer who is registered under gujarat vat act and cst act . who is granted permission to pay lumpsum tax u/s 14. for such a dealer is it mandatory to file an E-RETURN? and if so then from which date?

Hemant A Joshi   23 May 2012 at 16:23

Complite note on input tax credit under gujarat vat

Respected Sir,

I need complite article about Input Tax Credit Under Gujarat Value Added Tax.

Pl. mail me at my below mentioned e mail ID :

hemant_joshi1966@yahoo.co.in

with thanks & Regds.
Hemant Joshi
+919426512751

manish   23 May 2012 at 14:58

Service tax

Sir We are doing PCR Test for Aqua Shrimps. This service will cover Service Tax under Techinical Testing and Analsis Pls explain with notification.

manish   23 May 2012 at 14:57

Service tax

I have STPI units. what is process for registration & avail exemption service tax in 2012 with all notification

K.K.Ganguly   23 May 2012 at 13:34

Is export of software taxable?

Would the Ld. Experts give their valuable opinion on the following matter:

1) One software professional was terminated without settling his dues by a software Company. While claiming for the damages & dues by the employee, the Company stated that the employee did not return the laptop that is why his dues of Rs.10 lakhs was not paid & release letter not issued.
2) The employee claims that the laptop contains the programmes he was made to write when he was sent to USA on business visa and he wanted to keep the laptop containing such programmes in edited form as a proof that the Company is exporting software without paying appropriate duty to the Govt. He had already informed the Company to deduct the book value of the laptop from his dues. He is saying that recently some claim has been made on Infosys by the Govt. in this regard.
My question is:

a) Can the programmes written in USA by an Indian Professional against payment made to the Company be charged as export of software?
b) Is there any export duty for exporting software?
c) What other charges can be brought against the Company for the said act?
d) What is the Infosys case in this regard?
Thanks.

narender   23 May 2012 at 07:55

Service tax on flat parking

i have purchase a flat in bhiwadi. my builder charged service tax on parinng space @12.36%. can any body tell me about the apllicability of service tax on car parking space.

Deepika Singhal   23 May 2012 at 00:43

Tax research associate

I am lawyer with over 3 years of practice. I wished to start my own work so i pursued a PG Diploma course in Taxation. Now the course is over, but I wish to take some practical training before i jump into the field. Is it feasible if i seek affiliations from tax lawyers to give their tax related queries to me and I do the research work for them and mail the entire legal memorandum to them??

harshit mehta   22 May 2012 at 20:54

Under gujarat vat act

my client is registered under gujarat vat act and cst act.He wants to purchase goods from raipur(zarkhand) and sell this goods directly to party at bellary(karnataka).so in this case, which tax is payble on purchase and whether any tax is be collected for sale to karnataka pary as this is l/r sale. and whether c-form is required to issue and to obtain in respective transacion.