Seikh Mohammed Iqbal
12 April 2012 at 17:49
i'm working in aboard and would like to FD
30 lacs in my SBI saving account. So 9.25% it will go approx 3 lacks interest per year. So, i will be eleigible for tax pay. kindly advice.
Dilsukh G Banthia
12 April 2012 at 15:39
CAN ANY PROVIDE THE DETAILS OF COMPOSITION SCHEME FOR WORK CONTRACTOR UNDER RAJASTHAN VALUE ADDED TAX?
jay
12 April 2012 at 13:24
As per Gujarat vat notification dealer in gujarat has to reduce vat credit at 2% if he do OGS sale.
My querry is that when i calculate credit reduction by using proportionate method which one persentage i have to take form following
1) Ogs sale with c form
______________________
Total sale
2) (Ogs sale with c form )+ (ogs sale without c-form)
__________________________________________
Total sale
I think 1st one should be adopted as per gujarat govt. intention...
what should be done
Bobby Mascarenhas
12 April 2012 at 09:05
Dear Sir, My son and I hold a flat jointly in our name. We want to transfer the said flat in the name of my daughter and my wife. There is no transaction or consideration. The flat is less than 3 year old. Will we have to make a sale deed? Will captial gain tax applicable and how will it be computed?
C. P. CHUGH
12 April 2012 at 00:29
Haryana Government Service Rules earlier provided for employment of next eligible in case of death of an existing employee. However the practive of providing alternate employment has been dispensed with and a monetary help in the shape of financial assistance is provided to the spouse of such deceased employee which is equal to his/her last salary drawn and it continues till such deceased employee (if alive) would have reached the age of retirement. There-after the spouse gets normal pension/family pension as the case may be.
My querry is whether such assistance is "Profit in liew of Salary" or is taxable under the head "salaries" or is taxable under the head "income from other sources"
Xperts pls share their views.
indu
11 April 2012 at 20:19
Dear sir,
My Name is indu. I am from arts side and pursuing MBA. Now i have decided to do law in taxation. so i wanna know the opportunities in this field and is this beneficial for me. please guide me on right path such.
Brij Mohan Gupta
09 April 2012 at 15:56
ajay have purchases a plot on 25/06/2009 of rs. 1650000.00 and ajay expire in sep 2010, now his 3 son have decided to sold the plot today in rs. 2400000.00, capital gain will be charged ? the all three son income nil in f/y 2011-12 & in 2012-13 aprox. Rx. 75000/- each.
kindly calculate c/g
Bharat Bhatia
09 April 2012 at 14:41
Whether Expression "received" include receivable as the assessee is following mercantile method of accounting. Assessee did not take the service tax component as its gross receipt in effect it has claimed deduction of the impugned amount from its profit. As per ratio laid down in the case of Hewitt India (P) Ltd. is not applicable?
Whether service tax component which is accounted for separately is disallowable as per the provisions of Section 43 (b) of the Act?
Please advice.
Bharat Bhatia
09 April 2012 at 14:32
Whether service tax payable amounting to Rs.8,44,438/- was disallowable under section 43 (b) of the Act. The assessee company disclosed a sum of Rs.39,73,854/- as expense payable in its balance sheet out of the above a sum of Rs.12,20,000/- was shown as payable towards service tax out of which Rs.3,76,268/- was paid before filing return of the tax, thus, the balance unpaid amount of service tax was Rs.8,44,438/-, this amount was not allowed and was added back to the income under section 43 (b) of the Act. As per rule 6 of Service Tax Rules, 1994, the service tax was payable on amount received by the assessee. Whereas no amount was received emphasis that the expression receipt is constructed as per method of accounting followed. The assessee was following mercantile method of accounting as soon as the invoice was raised, charging service tax. Such service tax was not received by the assessee.
Please advise whether disallowance under section 43 (b) of the Act is correct and within law?
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Rate of stamp duty on intra-day equity trading.
KARVY STOCK BROKING Ltd. has deducted Stamp Duty charges @ 0.01% on turnover for Intra-day trading of shares, but ICICI Securities Ltd. has deducted @0.002% on same instrument. KARVY explained - it is applicable as per norms of West Bengal Stamp Duty Charges. ICICI Securities explained – rate (0.002%) is applied as per rules of SEBI/NSE. Now, my question is, who is correct and what should be the correct rate? Definitely we should not pay more (as charged by KARVY @0.01% on turn over) when there is provision for lower rate (as charged by ICICI Securities Ltd.@0.002% on turn over).
In this regard I have attached a relevant paper available with me. Here, it is to be mentioned that both broker is registered under NSE/SEBI, and both are in West Bengal, then how the rate for a same instrument could differ from one to other.
May I request you to kindly help me by providing the correct information on the issue mentioned above.
MY QUERY IS RELATED WITH RATE OF STAMP DUTY CHARGE ON EQUITY INTRA-DAY , NOT FOR EQUITY DELIVERY TRADING(Charge for Delivery is @0.01%).
Regards.
DILIP KUMAR MONDAL
P-370/2,BRAJANATHCHAK,
HALDIA, MEDINIPUR(E).
WEST BENGAL.
Mob.No.9434507240
Land No. 03224 264172
Mail. mondaldk2@gmail.com
*** I have some other documents, i.e. Contract Note of my tradings
from both the brokers, W.B. Stamp Duty act, replies from both brokers pertaining to my queries on the issue, but these all could not be attached at a time. However, these could be sent if I asked to do so.