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Haresh N R   15 March 2014 at 13:11

Tax implications/benefits on 2nd home

I have a flat in Mumbai which is self-occupied and on home loan.

I am interested in purchasing a 2nd flat outside Mumbai on home loan and also intend to give it on rent.

What are the tax implications/benefits for the same?

Vikas Sharma   13 March 2014 at 22:02

Compression in ca and llb ( taxation)

Hi,

I want to know what is difference in C.A. and LLB(taxation), and which one is batter.

Krishnamurti   12 March 2014 at 22:44

Taxable or non-taxable ?

...................

virendra V. Topkar   11 March 2014 at 12:06

Additional depreciation

as per maharashtra state government power purchase policy new wind mill set up during 13-14 are eligible for unit selling rate of Rs. 5.81 per unit if such unit does not claim the benefit of additional depreciation. & if unit claim additional depreciation the rate will be 5.46 per unit now my question is whether this restriction apply to particular method of depreciation i.e. straight line method or wdv method.

SANGEETHA   11 March 2014 at 09:51

Diff b/w advance tax paid on 15th march & 31st march

What is the difference between Advance tax paid on 15th March and 31st March? What is the benefit of paying advance tax on or before 15th March instead of paying on 31st March?

Vikas Sharma   10 March 2014 at 21:52

About taxation college

I want to do LLB in taxtion after graduation, but i am not eligible to do from delhi university, If i do from other state, is it valuable like delhi university,And which one is the best university or college for LLB in Taxation

Tax Advocate Pachamuthu   10 March 2014 at 18:58

Tds under section 194c-contract payments

One of my client wrongly deducted TDS as 1% instead of 2% for the FY 2012-2013 as my client is partnership firm 2% is correct. The contract party has filed the IT Return for the FY 2012-2013. Income Tax Department sent notice for short deduction for 1%. Please give me suggestion on my client point of view whether tds to be deducted and paid.

The contractor is not accepting to deduct TDS now as he is claiming that already he has paid Self Assessment Tax and filed the IT Return for AY 2013-2014.

Rupesh   10 March 2014 at 17:04

Stock transfer against "f" form

We are a Civil contractor and also manufacturer of slabs and pillars in haryana. Can We transfer slabs and pillars (against "F" form) to another state in which we are doing civil contract and depositing WCT in that contract.

Can we also adjust excise duty(charging on slabs)against service tax(charging on contract).

jimi patel   10 March 2014 at 14:52

Late filling fees u/s 234e

Recently Ministry Of Finance made Press Release for extending due date of filling of quarterly tds return for Q2 To Q4 for 2012-13 and Q1 to Q3 for Fy 2013-14 for government deductor.By this CBDT automatically nullify late fess of 234 E for govt deductor. One of my client is school which is run by 100% govt grant received in form of Salary grant & maintenance grant. Two year back govt DDO deduct tds from salaries paid to staff. but since last two year School has apply tan on its name and deducted tds of their staff. DDO pay cheque in name of "Principal of XYZ Scool ". of salaries paid to staff. All staff of this school is on payroll of state govt and all rules of state education board is applied to this school and its all staff. So in this situation . May i grant relief on ground of this press release ? Please guide its urgent.

NITIN SHARMA (LL.M.)   10 March 2014 at 14:14

Cst form f

Dear Sir,
One of my client has manufacturing unit in the state of Uttar Pradesh to manufacture micro-nutrient mixture which is exempt in U.P. and in Uttrakhand as well. My client has a branch in Uttrakhand. And from time to time he transfers some stock from his manufacturing unit to branch at Uttrakhand.

Now I want to ask that, whether Form F is requied in above case to prove the stock transfer even the manufactured goods is exempt in both states.
or
Form F is not is not required as the manufactured goods is exempt from tax.

Please clarify.