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

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Anonymous   18 December 2011 at 19:57

Tax practices.

How can one become a good in taxation practice of direct and indirect taxes? is there any theoretical course or license required for this? or practicing with advocate or chartered accountant for 3 or 4 years is enough way to get command over it. presently i m doing my b.com prof.2nd year. please suggest me as i wanted to make my career in tax practices...

Rajesh arya   18 December 2011 at 19:45

Wrong use on pan number

Dear All

I worked in a private ltd. construction company. They misuse my PAN No.in their TDS return for Assessment Year - 2008-09.
They shows diff. payment appx. to Rs. 9.90 lac as per 26 AS Tax Credit Statement.
Due to this I have received a series of notices from time to time from Income tax deptt.and i am continuously replying their all notices that I have never received any single paisa from my last employer as shown in 26 AS Statement in account of Contracting Business. For this i had already submit my copy of income tax return,all Bank A/c Statements and also a avidafit about the same. But Still I.Tax Deptt. Saying that Its your responsibility to prove that you are innocence. Go to your last employer and get a letter from them that they had never gives you these type of payments. Telephonically, I talked to my last employer , he is not ready to gives me any this type of letter.

So please guide me further rights which i have to prove me innocence. as also i am working with a new firm outside NCR so it is not possible for me to take leaves for various time.

Please Someone help .....

For any further info. Anyone can give me a call on 9711800217.

Thanks

Anonymous   18 December 2011 at 12:04

Income tax

Mr. X has one flat in his own name. Mr.X now purchased two separate flat- one for his adult son and other for his married daughter .Second flat was registered in jointly i.e. in his name and his daughter name.
advise me how to calculate tax?
if in future daughter will divorce his husband , then what will do ?
Adult son has no income tax return.

PARTHA SARATHI GHOSH   18 December 2011 at 11:07

Wb vat

IS PURCHASE TAX CAN BE ADJUSTED AS PER WB VAT RULE? IN ANDHRA PRADESH AND KERALA IT CABE ADJUSTED,HOW?

Kavita Daswani   18 December 2011 at 09:23

Per diem allowance

Can an Indian closely held company pay USD 100 per diem allowance for 60 days to a non employee of the Company? Will it be taxable? Will it be treated as Deemed Dividend if the receipient is related to the share holder?

Anonymous   17 December 2011 at 21:41

Section 40a(3)

I AM A TRADER OF FOODGRAIN. I HAVE PURCHASED AGRICULTURE PRODUCE LIKE WHEAT, RICE FROM VARIOUS FARMERS AT MINE BUSINESS PLACE BY CASH WHICH IS BELOW 20000 AND ALSO ABOVE 20000. IS THIS TRANSACTIONS COMES UNDER SEC 40A(3) OF THE INCOME TAX ACT. PLEASE HELP ME AS SOON AS POSSIBLE AND GIVE ME SOME CITATION.

purushotham   17 December 2011 at 16:26

Income tax conscession-home loan

home loan was sanctioned for Rs 16,80,000/- and first term they relaesed 6,30,000/- on29/10/11 and paying part EMI rs,6800 from dec 2011 As a central govt employee what documents to be submitted and how to give declaration for caluclating income tax

prithwish sengupta   17 December 2011 at 11:02

House property and huf

Respected sir,
I have purcahsed a house property in my individual name (eg. Mr. Ramesh, religion HINDU),for this purchase i have taken a housing loan from bank of india.
now, i have let this propety out for rent of Rs 15000 p.m.
Following are my queries
1.Can i create a H.U.F.and introduced this house property as capital contribution to the HUF?
2.IF yes, can i claim rental income as income of the HUF?
3. As i am paying the installment in my individual capacity, can i transfer this loan too to the HUF as liability and pay out of income generated from the HUF and claim deduction as per different provisions of I.T.Act?
4. even i pay instalment in my individual capacity for property, am i eligible to claim deduction u/s 80c for principal and Deuction u/s 24 for interest element for HUF income?

Vikash Singhania   16 December 2011 at 16:20

Income tax

who is entitled to practice income tax under the income tax act as per income tax act 1961.

Santos   16 December 2011 at 14:35

Hiaving 2 pan cards is legal ??

Dear All,


Can someone have 2 or more PAN cards ??
Is it legal and if not what are the penal clauses related to this.

Please reply me.





Regards

Santos