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

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

GAURAV   09 December 2011 at 07:04

Interest of saving a/c is taxable?

Sir, A person has source of income from his salary. He also receives interest from his saving a/c which is also treated as income.
My question is :-The said interest is income irrespective of any amount or interest exceeding Rs.5000/-(or any other amount) should be taken into consideration for calculation of income tax .

Maharamchandra   08 December 2011 at 11:38

New registration scheme under gujarat value added tax act, 2003

Dear Experts,
You are requested to kindly refer NOTIFICATION dated 1st December, 2011 r/w Circular No.126/107. The State Government has amended rules and requires to deposit Rs. 10,000/- through local challans only for each Act whether central or state.

As there is no mention in the said notification the central government has conferred powers under the Central Sales Tax Act to deposit Rs. 10,000/- through local challans.

You are requested to kindly give your expert opinion that Whether the State Government may keep deposit towards revenue of the Central with State Government Treasury.

You are further requested to kindly express your opinion on Constitutional validity of the said notification.

Thanking You,

Anonymous   08 December 2011 at 09:35

Hiii

The assesse manufacturing unit in haridwar sidcul industrial area.
his registered office in south india & he is filling the income tax return with claiming exemption of 80 ic in south india.
they manufactured the goods in haridwar & transfer the goods to branch office in south india.
now The assessing officer asking about how is you claiming the expemption of 80 ic in south india (instead of haridwar).
i need the any decided case law for the same for satisfying the assessing officer. Aseesee is company.

Anonymous   08 December 2011 at 09:34

Tds reply experts

Our client has availed services of its directors in the nature of consultancy services.But they have not deducted any TDS from it.The AO is saying that since the directors are the only shareholders of the company, they are having 'fixed base' in the form of company in India,hence the income is taxable under Article 15 of DTAA btwn India and USA.

Please advice whether the contention of AO is correct.Also tell me if there is any difference btwn PE and fixed base.Tell me about any case laws where the concept of fixed base has ben discuused in detail.

NAVEEN PAHUJA   07 December 2011 at 19:47

Ragarding urban land

WHAT IS THE TAXATION ON COMPULSORY ACQUISTION OF LAND IN URBAN AREAS.

Anonymous   07 December 2011 at 19:29

Taxation rate of land in urban areas

WHAT IS THE TAXATION ON COMPULSORY ACQUISTION OF LAND IN URBAN AREAS.

Anonymous   07 December 2011 at 18:20

Compensation to legal heirs

My client had received accident compensation from insurance co.as legal heir..
Q.Under which sec.exempt?

anish   06 December 2011 at 17:42

House property income

Sir
I had let out my residential premises in Ahmedabad.For the year 2010 i had received rental income from the same. However from Jan 2011 the property is lying vacant.Am i liable for income tax on said property from Jan 2011 by way of some deemed or notional income? In case property lies vacant till Mar 2012 then for F. Y. 2011-12 there is no rental income for the whole year . What are the tax consequences? Would department consider previous rent income for potential of generating income and tax me at the same income as that in year 2012?

kishor kr. majumder   06 December 2011 at 16:43

Limitation

Application for filing revision petition was delayed for 2 years due to illness of Accountant please give case references

mathuri   06 December 2011 at 15:39

Cha exam papers

please let me know what sort of question are asked in cha exam and what are the scope in this field as an employee and as a professional.