Govinda Raju
09 March 2018 at 12:08
I am a retired person from Karnataka power transmission corporation limited which is Govt of Karnataka undertaking. At the time of retirement I got leave encashment of about Rs 15 Lakhs. I retired in Feb2014. At the time of retirement no income tax was deducted as the organisation was Karnataka Electricity Board earlier. After unbundling different companies were formed and KPTCL is one copany.
Now income tax authoroties have issued notice to KPTCL that its employees has to pay income tax on leave encashment above Rs 3 lakhs , KPTCL has started recovering tax from pension of the employees.
It is stated that the Government employees are fully exempted from paying tax on leave encashment as per income tax rules and other employees have to pay tax on leave encashment above Rs 3 lakhs.
Is it not discrimination between employees.
Can this rule can be challenged.
Anonymous
07 March 2018 at 18:43
Now they claim they gave so much dowry which is not true and they do not have any source of such income.
If I want to file a Tax Evasion petition against some one how long the time limitation for that incident? like 10 yrs 20 yrs etc or no time limit?
LAWYER ASSOCIATES
04 March 2018 at 17:17
There was income in year 2007, assessee not file his return of Income, Can AO open our assessment of 2007 today? What are the provisions u/s 147 & 148? Pls reply
LAWYER ASSOCIATES
04 March 2018 at 17:13
Assessee has sold rural agriculture land out of notified area, its not a capital asset, whether, whether we require to file a return
roshan
20 February 2018 at 18:59
If one of the person doing complaint against me in income tax department again and again then is any procedure to get rid from that person
Thanks
rajesh jakka
19 February 2018 at 16:10
Dear Expert,
good evening,
we have been running our firm for last 9 years and our competitors have been running their firm for last 5 years and now they want to include their firm into ours, hence i request you to kindly tell me the procedure under GST act on the closing stock
some are saying the entire closing stock of my competitors has to be written as sale to my firm and the we need to claim the same as input, is it correct?
some are saying, it will be a stock transfer since entire firm is going to merge into my firm, hence they are bringing their stock as their capital into our firm, hence it shall not be considered as sale,
hence please let me know the procedure and the method to be adopted for merging and stock valuation,
thanking you,
yours truly,
rajesh jakka
subramanyam panth sadhu
18 February 2018 at 19:42
Is there any time limit for the "assessee" to make an application for rectification of mistake as Sec. 154 speaks only about the time limit for the Assessing Officer to pass an order except for exceptions U/s. 154(7)? What is the remedy for the assessee in cases falling outside the AO's Power to pass Order within 4 years. What is the right course.
Suvesh Sinha
12 February 2018 at 18:57
My mother-in-law is a pensioner. Apart from pension, he earns income from interest on FDs/SCSS and house rent. Whether she should deposit all the due Income tax by 31.03.2018 for the FY 2017-18 (AY 2018-19) or she can deposit it before the last date of filing IT return.
SHAH BANO
12 February 2018 at 16:38
Today I purchased a cake worth Rs.444.92 and Mr. Brown charged me SGST 9% and CGST 9%. As far as I concerned now GST on food items is only 5%. Plz tell me do they charged me the correct GST i.e. 18%.
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Savings account transcation
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