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

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C.NOWSHAD   05 January 2012 at 22:13

Limit of bank transaction for income tax

my client deposit the excess amount of money in bank after his expenses and he does all transactions through his saving bank account. if required, he used to withdraw from the account.... The question is whether he is liable to pay income tax on the total amount he deposited in his account(from which he withdrawn for his expenses and again deposit) or income tax on the amount of deposit at the end of that particular year..?

snpathak   05 January 2012 at 20:20

Income tax

assessee is having salary income from u.s.a and india boththe assessee's status is resident in india.he received salaryin u.s.a from resident u.s.a co and in india received from the same co situated in india.tell me inwhich form i should furnish my i.t.return for a.y.2011-2012.sothat i could claim t.d.s from u.s.a and t.d.s in india.

Anonymous   05 January 2012 at 20:19

Income tax

assessee is having salary income from u.s.a and india boththe assessee's status is resident in india.he received salaryin u.s.a from resident u.s.a co and in india received from the same co situated in india.tell me inwhich form i should furnish my i.t.return for a.y.2011-2012.sothat i could claim t.d.s from u.s.a and t.d.s in india.

Anonymous   05 January 2012 at 15:57

Tds deduction

Hello,

I'm working in a company on contractual basis from 31st March 2011 and my contract got over on 31st Dec 2011 and now the company has taken me on company's payroll from dated 2nd jan 2012.

Now my question is how can company deduct my TDS by there own as i got on company's payroll from 2nd Jan 2012. or Is Company liable to deduct my TDS as my monthly income is 8500 pm., If Yes, than what will be the amount which will be deducted.

Anonymous   05 January 2012 at 12:19

Advice

i am a trader of vegitables having large scale transactions aprox.(2,00,000/week) in my saving account.
i have no pan card.
what are the cosequences have to face me from the income tax department because i am dealing in my saving account n i have no current account?
what are the penalities? what i have to do for further business dealings???

honnurvali   05 January 2012 at 10:32

Interest calculation

How to compute interest u/s 234A, B, C when in regular assessment additions are made? Please give some format or method of calculation.

Mahesh Kakade   05 January 2012 at 10:19

Vat & cst

What is commercial benefit to enroll the VAT & CST registration in different state in India under one ownership?

1. Company is under Project business (ESP)
2. The company’s current turnover is 5crs, may increase to 20 to 50crs in this FY.

Also tell the E1 & E2 transaction rules and procedure to mitigate with statutory compliance.

Harshad Mavani   05 January 2012 at 09:21

Gift tax

How much amount of gift can be taken from JIJAJI?
What are the non taxable gifts and from which relatives?

Anonymous   03 January 2012 at 22:09

Service tax on transport services

I am providing transport services to various companies for carrying their employees from their houses to the company and vice versa. Whether Service Tax is payable? I could not find any head of taxable services given in Service Tax Act in which this transportation by buses is covered.

YOGESH NARANG   03 January 2012 at 20:57

Case law

sir i want a case regarding sec. 144 & 271(1)(c)
if any one have please give me the citation of the case

thanks