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Gyanchand Bundiwal   11 April 2016 at 22:44

Excise duty

How can the Excise Duty law be rolled Back. I am a jeweler and I don't know how the strike will lead to the government retreating the law. so can anyone tell me how the law will be rollback by the strike.

Stephen   11 April 2016 at 13:07

Income obtained after parents death

Dear Experts,

Few years back I had sold some jewelry to my relative and the amount was credited to my parents a/c. Now my parent passed away without leaving any will.. however the overall amount excluding jewelry amount was distributed equally among 3 other childern, while my jewelry amount was transferred to my account. Can this amount be treated as gift and would any tax implication to be considered from my end.

Thanks
Stephen

Stephen   11 April 2016 at 12:51

Debit income & contract income taxation

Dear Tax Experts,

Greetings…

I have few query on taxation..
I am a retired person having simple debt based income, post retirement I just started working as contract basis. Now will my employer deduct any tax from my contract amount and how should I file my income tax return under which form/s showing both debit based income and contract based salary also what would be allowable deductions can I claim.

Appreciate your help.

Thanks
Stephen

adat1947   11 April 2016 at 07:21

Income tax deductions from pension

I am a pensioner . My question is whether I can claim exemption on HRA eligibility . Second question is whether I can claim exemption on conveyance. My logic is since pensioners and salaried class are clubbed together in income tax calculation,a pensioner is eligible to claim exemptions as is eligible to salaried class. What about Travelling expenses incurred on travelling.

SUPRIYA   09 April 2016 at 23:16

Income tax

under section 147 of income tax act .what is a limitation period to re asessment.

thanks
supriya

pankaj@1990   09 April 2016 at 15:10

Dvat rate in delhi on ice cream

What is the vat rate on ice creams in delhi

vinod mankar   06 April 2016 at 22:29

h form

Dear Sir,

Please note I have created my export commercial invoice on 31.03.2016 in my system that is in the financial year 2015-2016 at MUMBAI.

Also note that the goods has been dispatch ed from daman plant on 06.04.2016 that is in the year 2106. Our shipping bill and Bill of lading is issued on 06.04.2016.

The goods exported has been purchase against H form for export purpose.

So please advice whether I can get H form from salex tax department and my domestic sell can close it from with sale tax department

Anonymous   06 April 2016 at 15:09

exemption for St

Sir,
I'm ST of Arunachal Pradesh, India and working as UDC under the Govt. Of Arunachal Pradesh. I had been posted at Dibrugarh, Assam for temporarily, till further order from govt. Since many years I have been paid income tax to the govt. But, I still need to confirm whether ST has to paid the tax even if he/she ia posted at Assam or any other region where income tax is mandatory?

Jijem Lukham   06 April 2016 at 15:02

exemption for St

Sir,
I'm ST of Arunachal Pradesh, India and working as UDC under the Govt. Of Arunachal Pradesh. I had been posted at Dibrugarh, Assam for temporarily, till further order from govt. Since many years I have been paid income tax to the govt. But, I still need to confirm whether ST has to paid the tax even if he/she ia posted at Assam or any other region where income tax is mandatory?

santosh   03 April 2016 at 15:53

It notice for 15g submitted in bank

One of my client received a notice from Income Tax Deptt. asking reason for submitting 15 G Form in Bank though have 5 Lakh FD in Bank.The I.T Deptt. requested for furnishing information regarding all Investment for F.Y.-14-15 & F.Y-2015-16.My Client is a farmer & doing a labour job in daily wages basis.He has an F.D. invested in the year 2006 of Rs. 290000/-.He has Agriculture Income & Other Income ie. wages of labour work.Besides those he has F.D. Interest of FD of Rs. 500000/- which has become after renew of F.D of Rs. 290000/-. Now what to do now? Please provide formate of Letter of Reply of Notice and what to say in Reply?