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AMIT BANERJEE   07 August 2013 at 16:02

Change in tds circle from kolkata to mumbai for purposes of lower tds certificate u/s197(1)

We provide manpower services to clients and TDS is deducted u/s194J

Few important clients are based out of mumbai

Head office & Registered office is in Kolkata and TDS circle is also in Kolkata

want to shift Head office to Mumbai due to the comfort of the important clients,without changing registered office(centre of operation to continue in kolkata)

can we do the same just by changing the jurisdiction details of PAN

will this allow us to seek lower TDS certificate u/s197(1) for TDS deduction u/s 194J from Mumbai rather than Kolkata

Do we need to file returns henceforth from Mumbai?

Will change in jurisdiction affect our existing service tax registration,PF/ESI Registrations or can we continue to file the same online with communication/inspection /audit etc from Kolkata as is currently?

JAIN OM   07 August 2013 at 09:23

Sta,p duty on stock market transactions

Dear All

One of Our client is online stock broking company having its office in Delhi. he Dont have any office other than Delhi. The clients are registered across India. Know teh questions is about applicabality of Stamp Duty, whether we shall collect as per Delhi or respective state where client resides.

Thanks you in Advance

Regards

The Other states are demanding as per the residential status of Customer. If we have any case study on the same can help us. Please provide any ruling if available or any of us have handled similar cases can reply to me at om@taxiq.in

Abhijith Jayakumar   06 August 2013 at 14:22

Company not giving form16, pending salary & pf

I was an employee of Acropetal Technologies Limited for 11months & quit in Feb 2013. Though its been 6months since I left the company they refuse to pay me pending salary & allowances. The company also refuses to give my Form16 stating that they haven't payed the taxes, though it was deducted from our salary. The PF details they provided also seemed to show as fake on the PF website. Please suggest what do I do since they are not even responding to calls/emails

sewa ram jain   06 August 2013 at 12:19

Gift to huf

IF FATHER GIVES GIFT TO HIS SON'S HUF EITHER BY GIFT ITSELF OR UNDER WILL BEING LIVE IS TAXABLE IN THE HAND OF SON'S HUF.
S.R.JAIN/MEERUT/6-8-2013

PanesarKDS   05 August 2013 at 19:05

Around 10 lakhs deposited in sb account in fy 12-13

Hello Gurus,

Please help in resolving a query that I have got into. I had deposited 10 lakhs (in 2 times & 5 lakhs each time) in my joint account with my wife. We had received an amount of 23 lakhs (9 lakhs via cheque & rest in cash). I had to deposit all this money in my account as there was no way of keeping this money at home. Now, my CA is telling me that he cannot show any source of income for this 10 lakhs & other smaller deposits made in my account & we have to pay the tax at around 30%.

Please suggest any ways for getting this sorted out correctly, as I have never been involved in these kind of things & may have made some mistakes regarding the cash handling.

Santanu Bhaumik   05 August 2013 at 19:02

cash gift given by deceased father

Dear Sir(s),

My deceased father who had expired about a year back, left some cash with my mother for me which I am not sure whether he had subjected to tax. Now if my mother gives me the amount with a declaration that she had received it from my late father and giving it to me, what kind of taxation will be applicable for that?

VARUN SHARMA   05 August 2013 at 17:34

Compounding of offences under direct taxes

OFFENCE UNDER SECTION 181 OF INDIAN PENAL CODE WHETHER CAN BE COMPOUNDED UNDER SECTION 279(2) OF THE INCOME TAX ACT, 1961

VARUN SHARMA   05 August 2013 at 17:28

Compounding of offences under direct taxes

OFFENCE UNDER SECTION 181 OF INDIAN PENAL CODE WHETHER CAN BE COMPOUNDED UNDER SECTION 279(2) OF THE INCOME TAX ACT, 1961

venish ladva   05 August 2013 at 14:23

44ad read with section 44ab

IF AN INDIVIDUAL HAVING TOTAL TURNOVER OF RS. 36 LAKH AND NET PROFIT HAVING RS. 51000 THEN..... IF DEALER IS TRADING IN ALLUMINIUM SCRAPS.. AND ASSESSEE HAS STARTED HIS BUSINESS FROM CURRENT YEAR.. 1. WHETHER AUDIT U/S 44 AB REQUIRED ? 2. WHAT IS DUE DATE TO FILE ROI ?

Read more at: http://www.caclubindia.com/experts/ask_query.asp

P Garg   05 August 2013 at 14:10

Income tax 142 (1)

I have received an IT Notice dated 30.07.2013 Under Section 142(1) of the Income Tax Act 1961 for the assessment year 2011-12.

Is the IT Notice valid ? Please advise what steps I can take ?

Kind regards / P Garg