Anonymous
16 November 2010 at 15:41
I want to invest in US share markets.Will there be capital gains & dividend tax in US if I am a resident Indian. At what rate will they deduct tax? What benefits can I get under DTAA? Do I have to take US Tax no.?
MANOJ MANGAL
16 November 2010 at 14:57
IN CASE OF AMC OF PRINTERS CONTRACT WITH M/S XYZ LTD OF HYDERADED, A.P.,IN PURCHASE ORDER (PO)IT IS MENTIONED THAT COMPREHENSIVE AMC OF PRINTER (INCLUSIVE OF SPARES & CONSUMABLES),HE WILL CHARGED 0.25/- PER COPIES i.e. THE BASIC PRICE IN ADDITION TO THIS, IT WILL CHARGES VAT @4% EXTRA AS WELL AS SERVICE TAX @10.3% ON ABOVE. SUPPLIER i.e. M/S XYZ IS RAISING THE INVOICE (HAVING TIN nO. & SERVICE TAX REG. NO.) WITH BASIC PRICE, VAT & SERVICE TAX. I HAVE PAID THE TOTAL AMOUNT OF INVOICE.
CAN I CLAIM THIS VAT INPUT AMOUNT AT THE TIME OF PMT. OF VAT OUTPUT TAX.. WHAT IS THE PROVISION FOR CLAIMING THE VAT INPUT ? PL. EXPLAIN IN DETAIL...
Anonymous
16 November 2010 at 14:45
Prior to my joining my present employer in July 2010, I was a self employed person. In November 2009, I had opened a PPF with the SBI New Alipore Branch, Kolkata, W.B. In my PPF A/c No. I had deposited Rs (1000-+15,000/-) respectively while opening the above account. Further I have claimed and availed Tax Exemption in respect to my above account for the year 2010-11 and have also filed my ITR in July 2010.
Please advise if I can claim exemption for Rs 16,000/- only in respect to my above existing PPF account and file my return for the remaining period i.e. August’ 2010 –March 2011 since now that I am into service . Can I deposit some amount in my said existing PPF account and claim exemption together with the existing amount of Rs 16,000/- if there is any other procedure then what is it? Kindly treat this urgent and reply accordingly.
Thanks & Regards
Shamba Dutta
Anonymous
16 November 2010 at 00:10
I have a question about the India Canada DTAA. Article 11 section 3(a)(i) of the DTAA appears to make interest given by Income Tax India to a Canadian NRI tax free in India. Please let me know if I am correct. Thank you.
SUBHASH SHARMA
15 November 2010 at 18:26
ONE OF MY CLIENT HAS WRONGLY EXCESS EXCISE CHARGED AND DEPOSITED.
WHAT IS THE WAY OUT TO ADJUST THE EXCESS AMOUNT.
REGARDS
SUBHASH SHRAMA
ADVOCATE
M-9891338895
Anonymous
15 November 2010 at 14:10
In case of a Ltd co. if there is a motor car in the balance sheet which is sold, is MVAT payable? and at what rate? If yes, then why no set off is available? Does it not amount to double taxation? When I buy a car it is MVAT paid, I am not getting any set off, and when I sell am paying VAT again? Will it make any difference when it is a case of individual?
What is the current rate for MAT liability calculation- 18%+cess or 20%+cess?
Ashish Vishnoi
14 November 2010 at 13:32
Dear Sir.
What is the provision of panel & interest for non submission of C forms at the time of assessment? Please also provide any judgement regarding this.
Thanks.
amit
13 November 2010 at 12:38
dear sir
we are a society, registered under 'society registration Act 21, 1860'. and running an educational institution in name of society. we have a provision by a our bye-laws that we work for minority. but we are not a religious minority.
we have applied for 80G exemption under Income Tax Act 1961. but CIT has refused us for granting 80G Exemption on the basis of 80G (5)(iii) that interpret that you are work only exclusive for minority.
please suggest for the above comment
thanks & regards
submit up vat online return old format
sir
I am fill and submit upvat ereturn with old form 24 so please give me answer i am right .