Sundram N
27 February 2014 at 17:49
Dear Sir(s),
kindly share your expert veiw that a trust registered and situated in india can give donation to trust situated and registered in fooreign/ abroad.
can this donation will be allowed under income tax act ?
Surrender K Singal
27 February 2014 at 10:49
for A Y 2007-08, assessment u/s 143(3) was set aside by ITAT on 07.08.2012 which attained finality but new ITO initiating 148 proceedings simply on change of opinion on 29.08.2012 (after over 4 years) and then reassessing on 30.01.2014, creating huge demand for disallowed Depreciation and direct expenses, disagreeing with his predecessor, on the basis of internal audit observations on assessed rate of depreciation. Should Assessee (a) approach ITAT for circumvention of its Order (b) file regular First Appeal before CIT(A) once again (c) approach administrative CIT, or (d) ignore notices of (i) arbitrary Demand u/s 156 and (ii) penalty proceedings u/s 274/271 ?
Shah Nawaz Bakht
26 February 2014 at 16:37
Sir,
I was working as a Senior Auditor in a U.P.Govt department.After completing 60 years of age I have been retired.My educational qualification is M.Com,LLB(Academic).Now I am interested in income tax practice as a lawyer.
So you are requested to please let me know whether I am entitle for practice or not,because I have two years LLB (academic) degree.
With due regards,
yours Sincerely,
Shah Nawaz Bakht
saikiran
26 February 2014 at 15:27
Every state government collects toll tax. I would like to know under which entry number under schedule VII of Constitution of India, the power has given to state governments to collect toll tax for using roads?
To collect toll tax there must be some law and act, so under which act or law state governments collects toll tax?
When a state government can collect toll tax? Please provide section number of some act, I will refer it.
Thanks in advance
Saikiran
hdshardik
26 February 2014 at 07:31
what is the taxability under capital gain in below eg - 1.when cost of fixed assets which follow under capital assets 2.this assets has a cost when it is purchased . due to adoption of amortisation method , now cost comes nil. 3. when this is put to sale , how to treat the consideration received on account of sale ? is it taxable ? if yes under which head? who will pay tax?
pooja dedhia
26 February 2014 at 07:30
what is the taxability under capital gain in below eg - 1.when cost of fixed assets which follow under capital assets 2.this assets has a cost when it is purchased . due to adoption of amortisation method , now cost comes nil. 3. when this is put to sale , how to treat the consideration received on account of sale ? is it taxable ? if yes under which head? who will pay tax?
Satish N Shetty
25 February 2014 at 11:26
I was an employee of a firm where I worked for entire 12 months and received salary for only 7 months as the company had cash crunch. while I received salary , tax was also deducted every month. This tax that was deducted has not been submitted to Income tax department. Requesting for advice on how do I file the IT returns. If I show the income, tax department will ask for tax against the same. But since the tax is already deducted, it will be as good as paying tax again.
also would like to know how do I recover my full and final settlement ( balance 5 months salary )
Jimit Sukhadia
24 February 2014 at 17:47
Dear Sir,
Is there any case study which proves eligibility to sale DEPB Licence sale against Form C in Gujarat. The Accessing authority is in viwe that DEPB Licence cant be sold against form C..
Thanks,
Jimit Sukhadia
Sujit Kumar Ray
24 February 2014 at 16:49
One of employee has not provided PAN Number. Hence we have to deduct TDS on his Salary at higher rate as applicable.
My question is to calculate TDS on his Salary, he will get benefit u/s 87A or not? His income from Salary is less than Rs.5,00,000.
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Interest claim ag int inc earned on capital ag colateral pp
i have taken the loan on ppf . the finance which is received from on account of collateral of ppf is financed in my partnership firm as a cspital introduced in firm business . Now i calculating the estimate my annual income . i received income from int on capital @12% .This income is taxable in my personal ITR. my question is that can i claim deduction in my ITR file forhthe int paid on loan on the basis of the amt credit in my PPF account .