Anonymous
07 December 2010 at 23:31
I have a FD account in Maharashtra for which I submit 15 G every financial year. Now for job purpose I have shifted to Karnataka. If I open another FD account in Karnataka, whether I have to submit the 15G form with Karnataka address or the maharashtra address.
Can I submit the 15G for the account in maharashta with the maharashtra address and for the account in karanataka with karnataka address?
Please guide me.
I want both the account separate.
Anonymous
07 December 2010 at 13:02
I have following quries:
I am an Indian national and also resident of India. I have a trading account with a share broker in US and buy and sell shares listed in US stock markets. My quries are:
1) What is the treatement of dividend income in foreign and in India.Will there be any TDS in USA?
2) How can I claim DTAA benefit?
3) What will be the treatement of capital gains?
4) Is it necessary to have any Income Tax registration in US?
5) Do I ahve to file returns in US?
6) Any restrictions under FEMA or RBI rules?
7) Any difference in tax treatement is assessee is Individual, HUF or Company?
hitesh
07 December 2010 at 11:10
if there is conversion of agricultural land into stock in trade, Now it will be taxed as capital gain u/s 45(2). now the question is, whether exemption u/s 54B will be available towards Capital Gain u/s 45(2)??
dasd
06 December 2010 at 21:33
my family there r 4 demat a/cs -(1 of my mother,1 of my father,1 of my grans ma, 1 of me) .of the above i have to mtain only 1 a/c(either my mother /father/my).others i have to close b/c of amc or other mtance. problemsi have no earning as such but my father/mother/grandma has taxable income.wht strategy should i adopt so tht it becomes tax free?
grandmother's shares----(as a gift to me or my father) since relative(as per income tax act in sec 56(2)(vii)).
mother's shares -----to me
fathers share --to me
whether any clubbing provisions apply since i am major son & there r no clubbing provisions regarding major son in the act?
but if my father transfer to my mother there wil be clubbing provision.
consisdering all permutation &combination give me the best advice.pls see the file attached.pls reply it's urgent
modi kamal
05 December 2010 at 21:50
Dear Expert Friends,
I recently sold my flat (which I had bought
in 1988)in November'2010.After cost indexation net long term capital gain is coming to Rs.1.80 Cr.Against this gain I wish to buy a property for my self for Rs.1.25 Cr.(As of now I do not any property in my name)
(1)Where to invest balance gain amount to avoid paying tax?(2)In balance sheet as on 31/03/2010,I have about 7 Lac share loss being carried forward.Can I adjust this amount against net long term property gain?(3)This year i.e from 01/04/2010 to 31/03/2011,I am also having long share income.Is it going to exempted as usual procedure?
Thanking you in advance for your kind comments.
Anonymous
05 December 2010 at 00:31
We export goods which attract NIL rate of duty under certain notification.
Amendment no 24/2010 and circular 928 says that exporters of NIL rate goods are not allowed to procedure laid down in 42/2001.
How do we export. What documentation required?
vinay gangadhar hegde
04 December 2010 at 20:59
Is there any case for rectifying incomplete Form H
vinay gangadhar hegde
04 December 2010 at 20:21
Sir,
As Karnataka Value Added tax Act. revised return shall be filed with six months. Is refund revised return filed after six months can rejectable. Under Section 11 of KVAT Act. does not restrict the input tax claim for such belated reurns.
vinay gangadhar hegde
04 December 2010 at 19:59
Sir,
As per Sec.5(4) of CST Act.1956 one has claim exepmtion seller must proudce duly filled Form H. One seller produce to the authority incomplete filed Form H. Later necessary supporting documents were filed regarding deemed export. can the authorities concerned reject the Form H and levy tax. Please give us the expert opinion at the earliest.
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Delhi VAT
Friends,
Pls tell me whether an unregistered dealer can claim input tax on a capital good ,purchased before getting volutarily registered under the DVAT, after such registration.