Anonymous
03 January 2012 at 11:59
Which tax we have to pay while buying a flat.
I bought a flat in kamothe, near khandeshwar railway station, navi mumbai in the year august 2010 and it is newly constructed building.
Anonymous
01 January 2012 at 21:48
Respected Experts,
One of my clients have entered into an Agreement of sale to purchase an immovable property and he has to make an earnest advance of Rs. 10,00,000/- to the Vendor. The Vendor wants the payment in cash. My client has the said amount in his s/b account in bank. The amount he got from his relative abroad through an account payee cheque (NRE account). Please explain what he should do? The Vendor ready to acknowledge the payment by issuing a stamped receipt and execute an un-registered agreement of sale on a Rs. 100/- bond paper. What will be the risk involved and how should my client proceed safely? There are other purchasers resdy to pay in cash as desired by the Vendor. Please advice.
Gaurav Deep Goel
31 December 2011 at 19:29
As per the Standars of Weights and Measures (Packaged Commodities) Rules, 1977 every packaged commodity is to have a label giving discription and details of commodity along with the maximum retail price of the commodity.
As per rule 2 of the Rules "Institutional consumer" shall not be covered by the said rules.
Whether cinemas and multiplexes are covered under the definition of "institutional consumer" if no, please cite judgements for the same.
RAJESH CHOUDHARY
30 December 2011 at 17:22
Respected experts,
Here is one query my client has asked me...i want ur help....He got the compensation on sale of his land after abt. 5years from its sale..So he recd. the sale amount and interest on it also..how the interest will be taxable? and the capital gain will be taxable in the year of sale or in the year of compensation recd?..its not a compulsory acquisition.....
Please reply me as soon as u can.
thanks in advance...
Anonymous
30 December 2011 at 13:23
I have taken VRS from an insurance co. in Jan.2011. Form 16 for the year 2010-2011 which the company has given to me is wrong & the official of the company is not giving any attention to my requests to rectify the form 16.
Please advice me can it possible for me to submit the return by rectifying the form 16 at my end.
Anonymous
30 December 2011 at 12:25
A person wants to invest in LIC plan for 10 years but he wants to pay premium for 5 years from unshown income and for remaining 5 years through mode of cheque-whther it will be valid on maturity and no problem will arise -do reply
Anonymous
30 December 2011 at 12:24
A company is selling food(tea, snacks, lunch, dinner) to theri employee through canteen (owned by company itself). Whether vat should be charged by the company or not. If vat is applicable please provide be related section/notification/circular.
Advocate Ashish Ranjan Samal
30 December 2011 at 10:08
Dear Experts,
I am already enroll in state bar council and also in local Court , my question is whether i am eligible to deal Sales tax matter and also audit regarding Sales Tax , IT, ST, etcfor my Client.
Regards
Ashish
Member (Account Deleted)
30 December 2011 at 09:07
Dear Sirs,
one of my employees is facing a problem.
he worked in Tata Infotech Ltd some 25 years back. recently he received a letter from them that his PF can be collected from them and was asked for form 16. Since it is a 25 year old issue, the form 16 is not available. the company has now written the following to my colleague
"Please note, as you are unable to provide us the Form 16's, we request your
confirmation stating that you allow us to deduct Tax at the highest Tax
rate i. e 40%".
my question is
(a) are they allowed to deduct tax on PF which is dormant for the last 25 years/
(b) is the tax deducted @40%?
(c) if form 16 is not available, is company liable to give form 16 if we demand it from them now?
(a) if tax dedcution is inevitable, would the experts recommend transfer of this PF to the current company PF account?
please help on how we can reply back to the company so that we do not suffer.
regards
Sushil
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Tds deduction from salary
Hi,
As per my knowledge for TDS deduction from Salary there is some Slab for this If an employee salary is less than that amount than emplyer cannot deduct the TDS.But in my company my Salary is 12K per month and as per my knowledge for female employee it not comes in the range of TDS deduction after that my company is deducting my TDS. I have joined here on Contact of two years, is that "contract" term affects on TDS? And I also want to know that deduction of TDS from my Salary is right as per law?
Waiting for your valuable reply.
Thanks & Regards,
Ishita