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Ritesh Rathod   08 October 2014 at 17:40

want to create a trust

Sir i am staying in gujarat and I with my friends every year organise a NAVARATRI festival in my society and for this event we collect a donation from public. One of the Donor suggest me that if you are create a trust than you might be received a much more donation because donor also get the tax benefit.
now my question is 1. Can we form a trust or any other form of structure?2.suggest us that which structure is very much suitable to us? 3. And how to form that structure?
Thanks
Cs Ritesh Rathod
M.8511239186

Neeraj Kumar Giri   08 October 2014 at 14:43

Exemption of income

Respected Sir,
Please give your valuable advice in this regard.
A man who was an employee in SAIL (Steel Plant), who expired two years back during his service period and now the SAIL (Steel Plant) give his wife a Rs. 27000/- per month as salary for the rest of the service period and deducted TDS Amount @ 2%. u/s 194A, My question whether the income received by his wife is exempt from tax or not, under which form the return should be submitted.
Thank You.

supabcdefgh   08 October 2014 at 06:47

Tax audit vrs audit under company's act

For a Pvt. Ltd. company with following turn over
a) FY 11-12 4 lakhs
b) FY 12-13 0 (Zero)
c) FY 13-14 20 lakhs

Audit under tax is not required, while audit under company's law is required/

What is the practical difference? In company's law, if the lawer is any way checking all details, like bills etc. what is the point of not submitting audit under income tax act?

KUNNAL MALHOTRA   07 October 2014 at 15:10

Stamp act

If stamp duty has been paid on certificate of convertible preference shares, then upon conversion, whether stamp duty is again payable on the equity share certificates to be issued.

maddy   07 October 2014 at 14:10

Money as gift from cousin

Hi I am married women, my query is my cousin brother(My father's younger brother son) wants to gift me money say Rupees Twenty lakhs.
1)My query is can I recieve this gift in money form him?
2)Who would be liable for taxation in this matter, me or my cousin?
3)what would be the rate of taxation?
4)Also what documnts are required in case of taking a gift form a relative?
5) is there any other way to same the tax.

deepak kumar   04 October 2014 at 06:22

Notice u/s 143(2)

sir,
i am an employ in a govt. college.i have file it-return for ay2013-14 accordingly tds certificate given by college authority by 31st july,2013.now incometax department has sent notice to me u/s 143(2) and it shows that there is a difference of rs. 5000/- in tds amount deducted and for this the said department has made fine to me. i have checked my 26as for ay2013-14 on incometax site and it shows that rs.35305/- has been deducted in tds only while i have been issued of rs.40305/- as tds.what should i do? please help me.

Dharmesh Jayaswal   02 October 2014 at 12:45

Income tax notice 143(2)

Dear Sir,
I havce recieved a Notice from ITO under above subject for AY 2012-13 and AY 2013-14 simultaneously on 30th Sep 2014.
I have filed the return for the same on 28th March 2013 and 30th March 2014 respectively.

It seems this might be fake notice as
1. It has come via mail incomtaxofficer1.2@gmail.com and not via any official ID.
2. There is no reference number mentioned in letter.
However I back checked via internet that the name and tel number of the AO is correct. I have tried to call but no one responded.

DO you think the Notice is valid for FY 2012-13?

chinu   30 September 2014 at 01:13

payment in one shot

Is it advisable to buy a flat by paying the entire
amount in one shot to a reputed builder or by going via home loan.




SHANKY CHOPRA   29 September 2014 at 23:52

Procedure for converting partnership in to proprietorship firm

sir,
i want to know the complete procedure for converting partnership firm in to proprietorship firm and the legal formalities also.

M. Z. Kazi   29 September 2014 at 19:48

Urgent need help in regard of excise duty & m-vat

Respected Sir/Madam
I am currently running manufacturing Pvt. Ltd company at Nashik and obtain Excise & M-VAT Registration form Nashik Division.

My Question is -

I am Planning to open my Company Branch(2nd manufacturing unit) in PUNE under same name. can i start company branch with my existing Excise & M-VAT Registration or i have to Register new for PUNE division.

I request you all respected senior's please let me the details at your earliest convenience.