Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Naresh Mohan Gupta   20 June 2014 at 15:14

Self assessment tax on bank interest

For the A.Y 2013-14 I have deposited some self assessment tax (on the accrued bank interest) in SBI on 1.7.2013 and 16.7.2013. The tax has bee deposited in Major Head (0024),Minor Head Self Assessment Tax (300). Is it wrong head? What are the correct Major and Minor Heads? What should I do to rectify this mistake as I have been intimated by IT Deptt that the tax deposited by me is unmatched Tax and I have to pay that amount again. Regards.

maxmoon   20 June 2014 at 09:25

Lending money to friend

sir
i would like to know if i can lend 75000 to my friend on interest free basis.How can we show that in income tax filingwhen i receive back the same amount from him.

SUPRIYA   19 June 2014 at 10:40

Capital gain

I had received in sell of our father proprty in maharashtra a certain amount. I had invested in capital bond for 3 years. I am receiving 6 % int.My query is that after 3 years my entire amount apart from band int .I can utilise for my own use that means I can keep in Fixed Deposit in any bank and earn the int.
Thanks

supriya

Ravi Kumar   17 June 2014 at 21:44

Property tax rate for flats in gurgaon for assessment year 2014-15

What is the property tax rate applicable for a flat with carpet area of 1350 sq ft in Gurgaon and what is the rebate applicable.

AJOY KR. MUKHERJEE   17 June 2014 at 16:16

Soil of earth whether taxable or not

we have purchase 3 lorry load of soil of earth for filling the factory land from some unregistered dealer. now the sales tax authority ask for unregistered purchase tax from us.

please tell me is the soil of earth taxable or not? if taxable then what the percentage under west Bengal value added tax act?

please advice.

thanking you

saif   17 June 2014 at 13:01

Pan of executor

Dear sir/madam,

I have to file a return having income from capital gain on sale of the asset of a deceased person as an executor of the will made by her before her death. So how I can file the same as the deceased had no PAN so whether have I to take a new PAN as an Executor of the will and if yes How to get it and what documents I required ???

Kindly guide me for the same and thanks in advance...

Samik Kr.Chaudhuri   17 June 2014 at 09:56

Service tax

Sir
We are manufacturing unit.What is the easiest way to make calculate the service tax and deposit the same and also like to know the cenvat credit against the service tax. Clear me please.
With regards
Samik Chaudhuri.

YATIN   17 June 2014 at 09:51

Sales tax form h

Dear Sir,

we are start export i have query regarding purchase against form h

we use cap bottle label for packing our final product is xxx premium whisky

can we purchase against form h packing material as above discussed

Regards
yatin

Stephen   16 June 2014 at 21:18

Fd interest

Hello Sirs,

I had placed a FD for a 91 day period snapping 2 financial year (i.e 2013-2014 & 2014-20150) with interest payable on maturity which falls in next financial year. The bankers have deducted TDS of the previous financial and they have updated in Trace system. Now my query is why am I liable to show total income of the accrued interest of previous years while the interest is paid only in 2014-2015. Also this unnecessarily increases my taxable income and slab to pay. Please educate me is the a clear directive from CBDT to bankers are there any circular. Also if I have to file tax how my gross FY2013-14 income (minus)the interest amount which is paid in FY2014-15.

Thanking you in advance for your advice and legal taxation solution.

Regards
Stephen

gaurav   16 June 2014 at 16:54

Long term capital gains

sir, i have some ancestral agricultural property in outskirts of city. it is 100years old. If i sell it will i attract tax. it is semi urban village in tehsil records and has pradhan elected in it. though nagar nigam has included some villages , it is one of them. we pay agricultaral tax