AMIT GOEL
04 December 2012 at 18:02
pls send case laws on the above subject
parthabandhu guha
04 December 2012 at 11:11
1. My 30 years old son is employed in a bank. However, I want to give him Rs.2,20,000/- as gift. Can I give him the money what will be the income tax implication.
2. If I give him the money as interest free loan payable in 30 years then will it attract any income tax.
avneesh
03 December 2012 at 22:20
A PARTNER SHIP FIRM PAID INTEREST TO OTHER COMPANY AMOUNT Rs. 65,000 in f/y 12-13 AND DEDUCT TDS RS 6500 AND DEPOSIT IT TIMELY BUT IN SAME YEAR THE COMPANY HAS RETURNED SAID INTEREST TO THE PARTNERSHIP FIRM
QUERY-
1. CAN P.FIRM TAKE CREDIT OF SAID TDS PAID ?
2.IN AFTER SOME TIME THIS P.FIRM PAID INTEREST OF Rs 1,75,000 TO SAID COMPANY AND DEDUCT TDS OF RS 17,500 NOW THAT P.FIRM CAN ADJUST AMOUNT OF TDS PAYABLE OF RS 17,500 TO EARLIER TDS PAID OF Rs. 6500 AND FINALLY MAKE PAYMENT OF BALANCE TDS Rs 11000. IS IT CORRECT OR WORNG, IF WRONG THEN TELL CORRECT
3. THERE IS REQUIRED TO REVISED TDS RETURN ?WHAT IS PROCES ?
avneesh
03 December 2012 at 22:12
A PARTNER SHIP FIRM PAID INTEREST TO OTHER COMPANY AMOUNT Rs. 65,000 in f/y 12-13 AND DEDUCT TDS RS 6500 AND DEPOSIT IT TIMELY BUT IN SAME YEAR THE COMPANY HAS RETURNED SAID INTEREST TO THE PARTNERSHIP FIRM
QUERY-
1. CAN P.FIRM TAKE CREDIT OF SAID TDS PAID ?
2. IF IT CAN TAKE CREDIT THEN
3. THERE IS REQUIRED TO REVISED TDS RETURN ?WHAT IS PROCES ?
RAJENDRA PANDEY
02 December 2012 at 16:38
DEAR SIR/MADAM
My Clint is a manufacturer of RCC pillars and now he gets a work contract from Sahara India to manufacture RCC pillars for the company at their site. So I want to know that whether we have to amend our registration certificate as showing the site as our branch or not?
(ii) Can we take work contract compounding scheme of U.P. Vat ?
surinder singh
01 December 2012 at 14:19
WHAT IS PROBLEM IN ITR 5 , WHILE UPLOADING IT ERROR COMES "PAN VERIFICATION PESONAL IS INVALID" PLEASE ANSWER ME..
arunkalia
30 November 2012 at 20:00
when we sending goods to other branch in other state and within state then what procedure will we have to follow? which documents we have to send along with vehicle which carrying goods to other and within state? please guide me in this matter.
Dev
30 November 2012 at 18:08
My query is I have purchased the residencial flat flat in one of gram panchayat area in Pune, Maharashtra, registration date is 04-08-2011 agreement value is 15,91,650 and i am getting possession on December 2012.Builder has taken the 1% amount Rs.18106/- by cheque as VAT including interest 15% and he told me to pay service tax before possession.What should be ST and VAT applicable to me? Please suggest.
Second one is what documents should I ask to builder at the time of possetion
Thanking you...
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Sale of client base of deceased properitor
My father was a tax consultant and he expired last year. He was a sole proprietor. We gave the clients to somebody else and took consideration from him. The person to whom we sold the client base will not be using my father's name and will pay us over a period of 5 years consideration in-case clients stay till end of 5 years.In case clients leave then we will have to pay him back. I wanted to know how tax liability should be paid as final amount will be ascertained in the 5th year and further is there any tax liability? Whether it will be treated as business income or Income from other sources or capital gains?
My mother is housewife and the MOU has been executed in her name. What has been sold is client base subject to client acceptance so will it be treated as goodwill?
I had read a case law Deputy Commissioner of Income-tax, Circle-16(2) Versus Mrs. Lakshmi M. Aiyar can the rationale of the judgement given here under be applicable in our case and the amount received by my mother be treated as capital receipt and hence not taxable?