My mother aged 65 received a notice under 142 of IT act , She has Just 1 Lack Fixed Deposit and she gets regular Interest on that, She has PAN card for Last 5 Years not filed any returns, because she hardly make Rs.8500/yr , in such a context what is the meaning of this notice u/s 142 of Income tax act?
Dear Sir/madam
I have purchase a car in my firm by exchange offer from a company and i received a tax invoice from company. my question is that whether i also make a invoice to the comapny for the sale of my old car and is there any tax liability arise from this transaction.
thank & rgards
I HAD PURCHASED A PLOT IN FY 2004-05 AND SOLD IT IN FY 2009-2010.WITH THE FULL CAPITAL GAIN ACCRUED, I HAVE PURCHASED A RESIDENTIAL FLAT WITHIN FY 2009-2010 ITSELF.THE QUERY IS THAT WHEN THIS CAPITAL GAIN (THOUGH EFFECTIVE CAPITAL GAIN IS ZERO AS FLAT HAS BEEN PURCHASED FOR THE FULL CAPITAL GAIN AMOUNT)IS REFLECTED IN THE ITR OF AY 2010-2011, WHAT IS THE POSSIBILITY OF A QUERY BEING RAISED BY THE AO WHILE SCRUTINIZING THE ITR ON THIS TRANSACTION(PURCHASE OF FLAT) AS WELL AS THE TRANSACTION OF 2004-2005(PURCHASE OF THE PLOT).
Is there any specific format & procedure to file application before CIT (Appleas)under rule 46A of the Income Tax Act, 1961 in a case where no proper opportunity was given by the AO before passing order u/s 144 of the Income Tax Act, 1961.
Hello Sir,
I run a business from my home. (The home is the name of my mother.) My accounts doesn't require auditing as they are below 10 lacs (Service Provider).
I would like to pay rent to my mother as office rent, since I am running my business from home. I don't have a TAN number. So what is the max. rent I can pay to my mother for using her home as office TDS deduction requirement?
Dear All.
Is there is any time frame fixed under the central excise act, for removal of goods from factory premises after invoice generation.
or In what time these goods must be removed from the premises after invoice generation.
Regards,
Manish
We received an a copy of excise exemption certificate from Govt undertaking. On confirmation our excise range told original is needed. Now we have despatched the consignment with a xerox copy. The govt. undertaking states that they are not able to trace the original and we too are not having the same. Please confirm whether we need to submit the original to excise range or xerox copy will do. Also please advice how we can go about in this issue. If provision exists for this issue, please give the legal support for the same.It is very urgently needed and I will be eagerly waiting for a reply soon please.
My gross income is 263248/-
I have got arrear of 19484/-
this year's salary p tax is 1540 and differential ptax for arrear is 240 and differential PF of arrear is 984/-
my total savings under sec 80C is 5714+7500+14236+10100+4800
My previous year's income was 161874 with 9tax of 1320 and savings of 7500 only. Please tell me the tax payable with the relief of section 89(1)
If a foreign Co., be it a US Co., licenses a patent and trademark to an India-based company, and the India-based licensee pays US company royalties out of India, what tax, if any, does the US Company need to pay in India?
Punjab vat REgistration
Sir, I have applied for Vat no under Punjab vAt Act on 26-09-2009, but till date i have not received the vat no.
what action i can take against the dept. now is it mandatory for the dept to allot me the vat no?