Monish Nilwant
11 May 2015 at 10:42
Dear All,
I am looking for legal issues whihc are mostly litigated under the Income Tax Act?
as in what kind of disputes are raised before courts under Income tax Act 1961,
Also what is the hierarchy of courts/forums created under Income Tax Act 1961?
Do the disputes directly go to HC or there are any specific tribunals?
If someome can at least help me with the relavant sections for disputes and Forums i would be thankful.
ashwaninarnoli
07 May 2015 at 16:32
Dear Experts,
We are dealing in trading of goods. our head office is in delhi. Earlier we made purchases without taking any VAT Registration. We have recenly opened our warehouse in NOIDA and apllied for VAT Registration under UPVAT. However, we have transferred our goods to the warehouse without any formality. What would be the legal implications as per UPVAT.
VIKAS
06 May 2015 at 16:45
Sir,
can filled income tax return ay 2015-16 form ITR-4 & 4S offline? Because online schema has not updated till today. And urgently need to file for loan purpose.
Pl suggest right wayout.
Regards
Vikas Sharma
Abhishek Gupta
04 May 2015 at 08:57
My Grandfather has a joint account with my father. The first name is of my grandfather and second name is of my father. Grandfather has made 2-3 Fixed Deposit(FDs) of Rs 2 lakhs. On FDs also names of both of them are written.
Now my grandfather has expired.
Just wanted to know the Tax liability of this amount on my father. Does he need to pay Income Tax on the entire amount ie. Rs 2 lakh + interest on the FDs ? Or only the Interest earned will be taxable.
Regards,
Abhishek Gupta
sanjeevkhandelwal
01 May 2015 at 20:53
Dear Members,
please tell us simple procedure for changing juridiction of ITO.Suppose one assesee filed his return in Hydrabad and his ITO juridiction are Hydrabad now he was settle in Mumbai, and filed his return mentioning Mumbai Address without changing his juridiction (Assesee filed e return )
( NOW HE WANT ANY FUTURE CORRESPONDANCE WITH MUMBAI ITO)
RAJEEV VARMA
01 May 2015 at 15:17
Clarification needed in respect of allotment of PAN in the name of executer of a registered WILL. Fact of the case:-
Mr. A executed a registered WILL giving all his assets to his four childrens.
In the registered WILL. He made Executer of the WILL to his brother till the date childrens attend majority as at the time of death as well as till date all the four childrens are minor.
And also the income arising out of the deceased estate and the tax is to be paid by the executer till the date younger son attains majority. In the system we are unable to file any provision for allotment of PAN in the name of executer or (Representative Assessee) Please clarify us.
Thanks & Regards
vinodkumarpal
30 April 2015 at 11:23
Define C,F,E,D Form & Entry tax
V.Srikantan
28 April 2015 at 22:07
Please clarify the following –
As per Indian Tax laws, does gifts received by me- Indian resident - from my cousin ( her mother and my mother are own sisters) attract gift tax at my end?. I was told that they will come under my lineal ascendants or descendants and hence gift tax is not payable. Will you please clarify?.
There is a difference of opinion on this issue – namely one tax consultant said NO gift tax is payable and the other one said tax is payable as cousin is not considered part of lineal ascendants or descendants . So I will be thankful for your esteemed view.
Medha Bhattacharyya
27 April 2015 at 20:43
Query raised: I have submitted my return through online by filing ITR-4 for the assessment year 2014-15 on Oct'15 and clain refund Rs.22,784/- according to 26AS statement.But in the month of Jan'15 the I.T.dept give me only Rs,5,057/- without any reason.Later my complain the Dept respond that mismatching of TAN.I filed a rectification within 7days but it was rejected without any reason.Then within seven days of issuing Sec.143(1) order I filed a revise return by claiming rest of the amount..But till date I have not receive.Now I.T.Dept respond the below mentioned words:
Resolution: Dear Taxpayer, Rectification Return has been filed after the due date, Hence, Revised return is treated as invalid as per the Income tax Act.
Please advice what way I get rest amount as refund.
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Tax exemption
If I am providing consultancy services to The World Bank (International Bank of Reconstruction and Development (IBRD)) and receive professional fees, (for services to be rendered in India and Income Accruing in India)
1) are such fees exempt from Income tax in the hands of service provider?
2) are such fees exempt from Service Tax in the hands of Service Provider?
Please give your valuable opinion..
thanks & Rgds
Ketan Mandani