Manoj Yadav
16 December 2011 at 14:11
1. There are two category - a) Individual & HUF- 1%
& b) Company & others- 2%
Now the firm wil be counted in which category & rate ?
2. While depositing tax, the Firm should counted as Company or Non- Company Category ?
s.v.goplani
15 December 2011 at 18:51
Respected sir,
Un-married sister wants to gift Rs. 10 lacs cheque to his brother. Whether Stamp duty is chargable on such transaction. (as per income tax no tax on both - as both are blood relatives). Please advice.
and any other tax is leviable ?
thanx.
Kvl Kumar
15 December 2011 at 14:35
Allowability of fees paid to ROC for increase of Authorised Capital in Infrastracture Company Under IT Act-1961
Hello please carefully see this question.
Our's is a Infrastructure Company. We incurred ROC Fees towards increase of Authorised Capital. As we know that the same could not be claimed as deduction U/s 37(1) of IT Act as it is Capital expenditure.
I came to know that sec-35D is not applicable to Infrastructure Company as per Ansal Housing & Construction Ltd V CIT (HC) ITA Nos.1261,1278 & 1402 of 2008 .
My question is how this expenditure to be written of in the P&L.
Kindly please resolve my problem.
Thanks & Regards
kvl.kumar
7396896411
akhlesh sharma
15 December 2011 at 12:48
what is defination of service tax and luxary tax
Anonymous
14 December 2011 at 21:29
I got a notice from Muncipal Council Nabha Punjab U/s 65/67, 3(1)(B) Of Punjab Muncial Act 1911 due to amendment Act F 1994 for imposing tax.While imposing tax muncipal Council also include the area used by Public as (Road) .Munciapal Council also estimated market value more as compared to nearby area.This market is failed market. I want to file reply to this notice.Please guide me what shall I do know
Rohit Thakur
14 December 2011 at 19:37
one assessee is an AOP since 1988 and filed his returns since the date of formation. I tax issued him a PAN which stated his status as firm. the said pan was issued by I Tax commissioner in 1998 when the pan converted to 10 digit pan. now department create a demand of rs. 42,000 due to his wrong status which is firm (the tax slab of firm applied by AO). now the meantime we apply for a new pan under the status of aop. but what should do now which could resolve this demand.
opinion required.
Thanx in advance.
sitaram
14 December 2011 at 16:32
Is a SSI excise registered dealer is required to mantaine invoice specified under excise law?
Jatinder Chugh
14 December 2011 at 15:19
I have given a cash of Rs. 3Lac to my Son. I am a Govt Employee and the cash has been given out of my retirement proceeds. Now i want to give affidavit for the amount of Rs. 3 Lac given to my son. Could i get the format of the affidavit in Msword.
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New amendment of it act u/s 194i ( tds applicability on use of plant and equipments)
As per this new amendment by Income Tax now they have extended coverage of this section 194I which was applicalbe earlier on Rent payment only. But now after amendment it is applicalbe for "rent means any payment by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangment for the use of (either seperately or together) any land, building (incl. Factory Bldg., machinery , Equipment, Furniture, fittings etc.. whether or not any or all are owned by the payee...."
Looking to above amendement we have to deduct TDS u/s 194I instead of u/s 194C which was @ 2.25% TDS for use of Vehicle, hire a crane, dozzer, tippper, Tractors and Truck. If we apply this section then rate of TDS will be @ 21% .
We seek your expert advice that what should be our arrangement / contract so that we have to deduct TDS @ 2.25% only? instead of Sec 194I. What should be revised contrat?