Sunil
10 August 2011 at 00:13
Indian banks are deducting certain amount if the account holder is not maintaining the required quarterly average balance in his savings account. This is 'penalty' to individual. How can banks charge 'SERVICE TAX' on this 'PENALTY' ?
Anonymous
09 August 2011 at 21:49
Here is one client purchasing/downloading Data software online from foreign company,foreign company do not have any permanent establishment in India. now the purchase Indian enterprise is remitting money. is there any need to deduct TDS at 20%. or if the remittance for purchase of other material what is the treatment. need an opinion of the expert. thanks in advance.
Anonymous
09 August 2011 at 16:18
Dear Sir/Madam,
If any organisation does not file TDS return and wants to issue Form 16 to its employees, whose salary is not taxable, than can they issue form 16 to non taxable salaried employee??
Waiting for your prompt response.
vijay tangade
09 August 2011 at 08:37
ONE OF MY CLIENT IS RUNNING TWO BUSINESS 1) MEDICINE 2)BUILDING MATERIALS BOTH TURNOVER IS BELOW 60 LAKH HE HAVE TAKE ADVANTAGE OF U/S 44AD AND SHOWING PROFIT IS MORE THAN 8% IN THAT CASE HE IS NOT LIABLE TO GET THE AUDIT U/S 44AB BECAUSE OF TURNOVER IS NOT CONSIDER TO TAX AUDIT U/S 44 AB MY QUESTION IS WHAT IS THE POSITION OF MVAT U/S 61 WHETHER IS LIABLE THE AUDIT U/S 61 OF MVAT OR NOT PLEASE EXPLAIN ME WITH AVAILABLE OF CASE LAWS
Anonymous
09 August 2011 at 08:29
ONE OF MY CLIENT IS RUNNING TWO BUSINESS 1) MEDICINE 2)BUILDING MATERIALS BOTH TURNOVER IS BELOW 60 LAKH HE HAVE TAKE ADVANTAGE OF U/S 44AD AND SHOWING PROFIT IS MORE THAN 8% IN THAT CASE HE IS NOT LIABLE TO GET THE AUDIT U/S 44AB BECAUSE OF TURNOVER IS NOT CONSIDER TO TAX AUDIT U/S 44 AB MY QUESTION IS WHAT IS THE POSITION OF MVAT U/S 61 WHETHER IS LIABLE THE AUDIT U/S 61 OF MVAT OR NOT PLEASE EXPLAIN ME WITH AVAILABLE OF CASE LAWS
MANSHA -CA STUDENT
09 August 2011 at 08:23
Respected Experts
I an facing practical difficulties for claiming deduction u/s 80DD of income tax act 1961.
I want to to know whether proof of expenditure for claiming FLAT AMOUNT OF deduction u/s 80DD is a mandatory requirement or not.
in other words,certificate from medical authority is sufficient for claiming deduction amount.
Hope for early reply
Thanks
Anonymous
08 August 2011 at 16:17
Rent on commercial property of a construction co, whether the income treated to be the income from business or the income from Rent.
Rajesh B Shah
08 August 2011 at 14:22
Dear Sir,
What is the latest position regarding service-tax leviable on builders and developers ? What is the progress of The Maharastra Chamber of Housing Industries V/s Bombay High Court and latest decision of Chennai High Court ?
Thanking You,
Rajesh B. Shah
(Advocate & Tax Consultant)
Vadodara, Gujarat.
MANSHA -CA STUDENT
06 August 2011 at 17:16
Respected Experts
I have one doubt regarding the taxability of agricultural income in partial integration
Payment of intt on loan u/s 36(1)(iii),which is taken for purchase of agricultural land -
whether it is allowed from agricultural lncome or not i.e its attracts disallowances u/s 14 of Income tax act ?
Kindly reply query with ref of income tax act & case laws .
Thanks
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