Prashant Kumar Jha
06 August 2014 at 09:36
Dear Sir
I'm also an adv but not deal in I/taxes, my query is one man A resigned a company giving letter of resignation & 3 month notice period amount to be realised from his dues to company, company realised the same & issued a certificate of the said amount realised. Then A applied for reimbursement of the deducted notice pay to the present company as per their terms of joining. The present company paid the amount but deducted Rs 69000/- as income tax . My query is that whether the deduction made by the present company is lawful as previous Co has deducted Rs 225000/- as 3 month notice period amount. &The amount is not income this is the amount compensated by present Co in lieu of amt realised by previous Co. It's urgent I request learned experts to kindly sort out my query & oblige.
Annshri Agrawal
06 August 2014 at 09:11
I have recd a notice u/s 245 of income tax act for AY 2013-14 for the adjustment of o/s demand against the refunds. I have to reply to the AO that demand raised by them is incorrect.please provide me the format as soon as possible.
Aman
05 August 2014 at 22:20
I have a specific query that whether non furnishing of forms 15CA and 15CB by the resident(assessee) when rendering payments to a non resident may amount to 'material non disclosure' on the part of the assessee and can the same be used as a reason by the AO to reopen assessment even after 4 years?
Further, since the Original Notification in this regard came on July 2009, so will the same govern any payments which have been furthered by a resident to a non resident in AY 2008-09?
Kamlesh
04 August 2014 at 21:50
Can father in law gift give money as gift to his son in law, Further what is meaning of linealy ascedent and decendent in sec 56 of income tax act, 1962
C.J.Sriram
04 August 2014 at 20:59
A,B,C,D are four brothers each of them having independent ownership of adjacent land of 1 ground each. It is desired by ABCD to get title and dispose of 2 grounds of land and construct ONE building in the other 2 grounds. Also, it is desired to have/get UDS in the 2grounds of land retained for construction of flats. So however that, the Sale Proceeds of the lands sold will be applied to construct Building in the land retained.
The query for clarification is:
1. Can the brothers do a settlement first among themselves to make all of them own UDS in the land being disposed. Get the Sale deed registered directly or thru a POA, only for selling land and receive considerartion.All the four of them will sign the sale deed as coowners having UDS title.
2. Can they again effect settlement on the 2 grounds of land retained so that each of them have UDS in them and then Construct on their own or thru a Buildier ONE BUILDING having flats which they can take and share equally.
3.Will this comply with the investment of the LTCG ( land is owned by them for over 3 years) arising due to sale of land in the hands of ABCD.They will finally own ndividual flats on the UDS of the land already owned by them.
4.Will this also comply with the investment in "A RESIDENTIAL PROPERTY" IN THEIR INDIVIDUAL HANDS thereby fulfilling LTCG benefits availble.
tushar
04 August 2014 at 20:33
Yes bank offers premium rupee plan.. It's type of investment for NRI which takes forward contract in currency. As money paid and remitted in NRE account is returns will be exempt from tax
Vikas Sharma
04 August 2014 at 13:33
hello,
I have some problem in downloading dvat digital signature software , i need help regarding it.
Anonymous
04 August 2014 at 00:17
Can father in law gift give money as gift to his son in law,
Further what is meaning of linealy ascedent and decendent in sec 56 of income tax act, 1962
N SURYANARAYANA
03 August 2014 at 16:29
This is with reference to International Taxation subject. It is mandatory to make e-payment of Corporate taxes. However, in respect of PAN obtained by I.T.Dept, for and on behalf of freight beneficiaries whose vessel /ship sail and for which NOC is given by the I.T.Dept, the agents of the freight beneficiaries submit DD/Banker Cheque to I.T.Department as part of payment of taxes(where India do not have DTAA with the concerned country). Please help us to know the designated/authorised banks in Andhra Pradesh to accept physical challan for remitting corporate taxes to the credit of the Govt. A/c against Assessing Officer code using DDs/Banker Cheques.
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Service tax on rent from banks
Sir,
I am planning to give my property to a bank on rental basis . But I am confused here about service tax, that who has to pay it whether bank or the landlord. Here I am the service provider and bank is the recipient of the service and I have read at many place over the internet that the recipient of the service will pay the service tax but service provider will have to collect it from the recipient of service which is bank here .I want to know whether I am correct here .
Also sir Banks usually make lease agreement in such a manner that the landlord has to pay service tax. Like they will wright in their agreements "all taxes and future taxes including service will be borne by the landlord" . Stuff like that So Sir what should be done in this case ?