Parthasarathi Loganathan
17 December 2010 at 17:25
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
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
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
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
CAN EMPLOYER IS LIABLE TO ISSUE TDS IN ELECTRONIC PAYMENTS OR DEDUCTION
Anonymous
15 December 2010 at 12:40
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
please explain the term " call deposit receipt?
Anonymous
14 December 2010 at 19:52
dear expert,
my doubt is that whether set-off for tax paid on purchase of commercial vehicle under mvat is allowable?
Anonymous
14 December 2010 at 19:46
Honorable Sir,please answer few questions.
1}whether credit for vat paid on capital goods under mvat is allowed or not?
2}whether credit for vat paid on packing material is allowed or not?
3}whether credit for vat paid on purchase of building materials for construction of factory-building is allowed or not?
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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