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Hariom Sharma   27 January 2014 at 11:15

Tds deducted by bank but not deposited

Dear Sir,

On 31.03.2011, an amount of Rs. 4745/- was deducted by the Bank as TDS for FY 2010-11 on Fixed Deposit even after submission of Form 15G and copy of Pan Card.

The amounted was deducted by the Bank on 31.03.2011 but still not deposited to the Tax Department. In this case what to do? Till date no satisfactory answer received from the Bank.

rajender   25 January 2014 at 19:31

Npa taxable

Is NPA( Non Practicing Allowance) paid to Veterinary doctors is part of salary for the calculation of income tax .

pundalika achyuta bhat   25 January 2014 at 14:36

Treatment of interest earned on bank rd a/c - income or not?

Mr. A’s RD A/c with a Bank matures on 15-04-2014. Interest earned on RD A/c is free of TDS (that is no TDS is is deducted by the Bank). Now what about the treatment of interest amount? Whether interest should be treated as income if:
(I) int. earned is below Rs.10, 000
(ii) int. earned is above Rs.10, 000
With regards,
Pundalika Bhat.

YAGNESH HASMUKH DAVE   25 January 2014 at 12:29

Taxation

sir a father has recvd ancestrated agricalture land in share with two others now they have decided to sale the agriculture land my question is:

1) what will be the cost price of land as its ancestrated agr land to be taken for calculation of capital gain tax.

2) can the father invest capital gain money recvd in share for flat or capital gain bond or he have to invest in agr land only to save capital gain tax

3)if the father give the capital gain money recvd in share to his son as gift whether the father has to pay capital gain tax pl explain briefly

Anand Pratap Mishra   25 January 2014 at 11:51

Vat liability in bihar for unregistered company

My Company registered in Delhi has got Works Contract in Bihar for IOCL. My Company has no sales tax registration in Bihar. Please suggest how to move my machinery to delhi lying at some other projects. please suggest whether sales tax registration is compulsory in Bihar for executing work? If not Registered then what would be my liability?

YAGNESH HASMUKH DAVE   24 January 2014 at 14:04

Capital gain

if a husband and wife have residential flat in 1/2 share in their name husband name is first and second name of wife they want to purchase another flat in 1/2 share and this time first name is of wife and second name of husband then what will be effect of capital gain at time of selling any one residential flat can they invest in another residential flat for exemption from capital gain tax or have to invest in capital gain bond will both be having capital gain tax our only the person with first name pl explain in brief

Bhagyashree   24 January 2014 at 10:32

Taxes on one time alimoney

)is one time alimoney taxable for divorce settlement? if yes what is the tax slab?


santosh kumar huded   23 January 2014 at 11:13

Vat- karnataka

sir, one of my friend, who is builder owner of commercial complex, was inspected by intelligence authorit. He has collected booking advance from prospective buyers. Now my friend say certain booking are cancelled , what are consequences of tax for the cancelled booking and the amount cancelled amount will be repaid over the period of time considering them as unsecured loans. kindly suggest correct method to be followed both for taxation and accounting and also kindly suggest case laws, if any - kindy reply urgently.

shyam   23 January 2014 at 08:54

Pan card

sir/madam,
i have a tin number by name xyz company since 1 month , i dont have a pan number on my company name, i have my personal pan number, can i now apply for tin number on my company name.


actually i want to maintain separate accounts for company, personal pan number information's i don't want to share.


weather the same person has the right to apply for pan number on his company name, when he has his personal pan number? Is it a violation of rules .

Chaitanyasinh   22 January 2014 at 12:01

Regarding - sale of tax-free goods

Sir,
I want to sale my Tax-free goods to other state from Gujarat. I do not have any registration no. or TIN no. or CST no.

Still may I send my VAT-free goods without any forms (like form 402 or other).

I just want to do business by purchasing tax-free goods locally and want to sale it to other states of India. On a commission basis. So, please guide me. may I allowed to do so?

Chaitanya