rajsh
07 July 2012 at 00:49
i want to purchase a property jointly with my mother. Mother is a housewife. I am applying for a loan. Whether I have to include my mother as a co applicant in loan or not?
if yes how to show her return for past years? she has a pan card but no tax due and she has never filed her return.
Kindly advice.
rajsh
07 July 2012 at 00:44
Dear sir,
Recently we sold our ancestral agricultural land. From the sale me and my mother got the share. We are also expecting to get the letter from talathi regarding the population of the village less than 10,000 and 8kms limit. Me and my mother are planning to purchase a property [flat] jointly with our respective share. In case if we are not able to get a letter from the talathi is this ok?
If capital gain tax is applicable can we take the same flat jointly? Please advice.
Thanks.
pls reply
Naman
06 July 2012 at 22:53
SIR,
I WANT TO KNOW THAT u/s 2(47)(i) WHAT IS THE MEANING OF RELINQUISHMENT OF THE ASSET.
WHO ARE THE PERSONS COVERED IN RELINQU.:-
A) RELATIVE
B) OTHER THAN RELATIVE
C) BOTH THE PERSONS
RAJESH CHOUDHARY
06 July 2012 at 20:25
One of my client is engaged into job work of engineering goods..
As per the notifications number 25/202, the negative list (point no-30), there are 4 job work services which are exempt...
In that there is point no-c, which states that
Any goods on which appropriate duty is payable by the principal manufacturer( are exempt from service tax)...
Please elaborate the same...
Does it mean reverse charge provisions or any other way around...?
Thus job work on engineering goods are taxable or not?
Please Respond to my query....
RAJESH CHOUDHARY
06 July 2012 at 20:20
Hello Experts!!!!
If 12% is the interest rate of the housing loan taken.
Then 4% will be paid by employee and remaining 8% will be paid by employer which will be taxable as perquisite in the hands of employee.
Now my doubt is this 8% interest paid by employer which is treated as perquisites can be claimed by employee u/s. 24(b) under the head house property.
Thank you!!!!!
Member (Account Deleted)
06 July 2012 at 15:57
If a professional say C.A.works on acontract basis in a Company, whether he will be liable to pay any service tax for the financial year 2012-13?If yes, whether it will be necessary for him, to obtain any registration under the Service Tax Act?Whether in the above case , he will be liuable to pay Income Tax u/s 194J as well as Service Tax under the Service Tax Act?
Is the same provision applicable to a director?
Member (Account Deleted)
05 July 2012 at 11:05
If an employee works in a parent company upto 31.7.11 during the financial year 2011-12 and resigned .Thereafter as per their advice he joined their another sister concern on contract basis for five months only i.e. upto 31.12.2011 in accordance with the terms of the contract.The company made one time final payment after completion of the contract to him.Whether in such a case ,TDS should be calculated for the whole year on the basis of his average pay in the later company or it should be calculated on the basis of his average pay for his exact tenure i.e. for 5 months only.Are they supposed to consider ,the TDS made by their parent company,while calculating it? Can anyone clarify this to me?
manoj singh
04 July 2012 at 22:07
My 1 Deductee in Mumabi Not Deposited TDS Since Last 2 Year , What Action I can take
I search For there PAN Or TAN NO. The Not Provide ,
Where To Complain Its Online
There Name Is ONE Stop shop Mumbai
pooja dedhia
04 July 2012 at 13:25
a partner has intoduced the capital in his firm of rs 1 lacs @15% p.a. at the year begining.
firm has paid the interest on his capital @12 % as per allowable income tax act 1956.
now partner in his personal return shows the income of the interest on partner s capital under the head "Profit & gain from the business & profession".
he wants to claim the interest paid on the personal loan taken by his capacity against the interest income received on his capital from the firm.
is it diaallowable to claim the interst on the paid against the unsecured loan which is taken by partner in his individual capacity? under which section
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Refund
Respected Experts,
Friends,
I need a solution / information regarding refund of income tax
Since my employer VSSC did not upload my TDS of Rs 81988 for assessment year 2009-10 in 26AS statement in time, the refund of Rs 20430/- due to me for the Assesment year 2011-12 (efiled thro CPC) was adjusted towards the interest portion of TDS for the Assesment year 2009-10. In December 2011, my employer had uploaded my TDs of Rs 81988 in 26 AS statement.
Since the return for AY 2009-10 was filed in local IT office Trivandrum, I have requested for refund through letter from local IT office at Trivandrum in January 2012. But no refund is received so far. So again I wrote to ACIT trivandrum on June 19th 2012. Now I have to file return before 31st july 2012.
A refund of Rs 23000/- for AY 2012-13 is also due on filing IT return before 31-7-2012. In this situation I want to know whether the CPC will again adjust my refund of Rs 23000/- towards interest portion of AY 2009-10 when I file return before 31-7-2012, as I did not get my refund of Rs 20430 till date