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Subhrangsu Bag   17 December 2010 at 21:49

Query on West Bengal VAT Return submission

One Person have gotten New VAT Certificate from Post office dated 25/11/2010 and there it is found that Vat Liability started on 31/08/2010. And the submission date of that quarter of VAT Return is 30/09/2010. Will there be any penalty imposed if he filed the Return within December 2010.

Anonymous   17 December 2010 at 20:13

house property

Dear Sir

I own a house in Bangalore and given it for rent. If i buy another flaT will i get tax concession for interest spent on housing loan. if i stay in one and rent another what would be the tax

If i rent out both what would be the tax implication
can i claim concession under sec 24 for both the houses

Anonymous   17 December 2010 at 19:24

cst purchase return

sir,

I am working in a pvt ltd co. We do interstate purchases of excisable goods.

in one such purchase part of the materials are rejcted by our qc.

Since it is an excisable good i prepared invoice and sent it back to my supplier.

pls tell me the cst reversed in such invoice ( whether it is to be viewed as sales or purchase returns)

should i show it in my cst sales and make that tax payment. i will also not get c form since their own material is sent back.

cst purchase returns how to deal this?

please help. my email id is natleoin1962@yahoo.com
thanks

with regards
S Natarajan

Parthasarathi Loganathan   17 December 2010 at 17:25

Pension Corpus fund - Whether Taxable ?

Recently, consequent to option for pension by Bank Employees, arrears was computed on account of wage revision effective from Nov 2007. However, employees who have opted for pension were asked to contribute to Pension Fund to meet the shortfall of Rs.1800 crores. Hence,only 15-20% of Net arrears were paid to the employees after deduction of the pension corpus fund. However, employees are taxed to the extent of gross arrears. Whether, the arrears is taxable for the gross arrears or the net arrears? Is there any law or Regulatory guidelines to elaborate this point? Though the pension fund contributed by the employee to the Government's shortfall, is it correct on the part of Government to deduct/pay tax on arrears amount. Please elucidate. Lakhs of Bank employees/officers are affected.

prithwish sengupta   17 December 2010 at 14:44

tds on gold smith u/s 194c or 194j

sir i want to know the following
1) what is the definition of Technician under the i.t. act?/
2) is gold smith a technician or contract labour??
3) should tds be deducted u/s 194C or 194J omn payment to technician.
refer any decided case law if any.
thanking you.

Prabakaran   16 December 2010 at 12:15

ESIC

Good Morning to Everybody,


MAY I Know the eligibility of the Female employees related with Dependent.Is it possible to include Father in law and Mother in law?


Prabakaran
Chennai

dasd   16 December 2010 at 12:09

VAT APPLICABILITY FOR MP

i've filed return of income on 9*11/2010 for fy 2009-10 but i've not yet submitted fourth quarter vat return of fy 2009-10 though i deal in (cloths-tax free item) .

whether i can file vat return now for period (1/1/2009 to 31/3/2010).

what is the timelimit of vat return (belated & effect of not filing till date).

to whom vat audit report is applicable & for which year?


Anonymous   16 December 2010 at 11:08

TDS

CAN EMPLOYER IS LIABLE TO ISSUE TDS IN ELECTRONIC PAYMENTS OR DEDUCTION

Anonymous   15 December 2010 at 12:40

ESOP shares transfer

Some ESOP shares from the company. Are there are tax liabilities in transferring these X shares to father over demat?

Will both father & son need to show in their income tax returns? or how it needs to be done since this is not commercial transaction?

Anonymous   14 December 2010 at 19:54

call deposit receipt

please explain the term " call deposit receipt?