Nirmalya Datta
13 July 2015 at 12:05
Dear Sir,
I am a central government employee and my only income is from salary. On account of father's death, I will be getting around Rs. 6.40 lacs, due to the withdrawal of bank deposits where I was the nominee / joint holder. Out of 6.40 lacs my sister will be giving me aorund Rs. 4.90 lacs.
Please clarify the following -
1. Whether the above income will be taxable or not?
2. If taxable, what is the amount?
3. How to receive the payment from my sister - through a single cheque or multiple cheques.
Aditya
13 July 2015 at 09:48
Greetings!!
Hello! Myself Aditya. I am an employee under Indian Air Force, Agra.
I am planing to buy a car(LMV). But I will get a transfer to other state(mostly Karnataka) in next year.
My query is that can I pay UP gov. road tax for a limited period of time(for 1 year) or should I pay a life time tax.
If payment of tax for limited period of time is possible,will this rule also be applicable to states of Gujarat, Jharkhand and Haryana?
Im planning to buy the car trough Military Canteen.
MANOJ
12 July 2015 at 22:00
Dear Sir
One of our client is in manufacturer of Animal Feed / Poultry Feed. He is paying GTA – service tax under reverse charge on transportation of Raw Material & FG. Raw material which he is purchasing for manufacturing feed includes Rice , soya etc. Can my client claim exemption under notification 25/2012 which says as follows – 20. Services by way of transportation by rail or a vessel from one place in India to another of the following goods - (h) agricultural produce; (i) foodstuff including flours, tea, coffee, jaggery, sugar, milk products, salt and edible oil, excluding alcoholic beverages; or 21. Services provided by a goods transport agency by way of transportation of - (a) fruits, vegetables, eggs, milk, food grains or pulses in a goods carriage; Also word agriculture produce is defined in Excise. Can our client claim exemption in service tax reverse charge on transportation of Animal Feed on basis of this definition.
Thnak & Regards
Sanjeev Kumar
11 July 2015 at 16:14
I lost my father last month.Recently i got acknowledgement of ITR filled by him during last year in his file. It shows some outstanding amount dues for FY-2010-11. I donot have any knowledge regarding his Income tax returns. Now please suggest what i have to do?
lokesh agrawal
08 July 2015 at 14:40
i,lokesh agrawal, am an accountant & tax consultant,
now i want to know that my client having salried & he save money after all expenses paid in his income.
so, question is that how to show his saving like white money in proof of income tax views.
reply me & send me your contact to better advice.
Vikram Patil
08 July 2015 at 00:00
Dear experts, can a proprietory firm be converted into partnership firm ? if yes what is the procedure and requirements for it ?
Thank you.
-Vikram
Naresh Mohan Gupta
05 July 2015 at 11:31
Which ITR form for AY 2015-16 should A person fill who has following source of income
1) Private tuition
2) Bank interest on FD and from saving a/c
3) Stock trading
4) Capital Gain on share
Parag
03 July 2015 at 23:27
Dear Sir/ Madam,
Greetings of the day.
1)The original C forms have been lost & the duplicate C forms are available.
2)The Case is in Appeal.
3)The learned officer has declined to accept the duplicate C form citing Supreme Court case of Tamil Nadu though I understand that within Maharashtra,it is not applicable.
4)Request your valuable opinions with case laws to support my submissions.
Thanks in advance,
Regards//
Parag Shah
MP
03 July 2015 at 15:29
I have a question regarding section 137-B in the Municipality Act 1919 (Chennai) for Property Tax.
I have come across two versions of the same and I would like to know which is applicable at present for a building that was assessed in 1996. The Corporation of Chennai has re-assessed the building because they say they lost their e-Governance records. Although the owner provided hard copies of all records since 1963 they would not accept it. No other buildings on the street have been re-assessed.
Please see attachment of the section. One says they can demand upto 3 years of back taxes whereas the other says 6 years. I would like to know which is applicable in this case.
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Income tax
Dear Sir,
I am a central government employee and my only income is from salary. On account of father's death, I will be getting around Rs. 6.40 lacs, due to the withdrawal of bank deposits where I was the nominee / joint holder. Out of 6.40 lacs my sister will be giving me aorund Rs. 4.90 lacs.
Please clarify the following -
1. Whether the above income will be taxable or not?
2. If taxable, what is the amount?
3. How to receive the payment from my sister - through a single cheque or multiple cheques.