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
raj_55555
03 July 2012 at 18:06
Hi,
I am buying a laptop from Dell and was required to send them the Road Permit (form 50A) for them to be able to ship it to me as I live in West bengal.
When I went to the sales tax office they asked me to pay 4% VAT and 1% entry tax.
I understand the entry tax, my question is:
why am I paying 4 %VAT when I am already paying 5% VAT to dell? Do I need to pay VAT to each state? Seems so unfair, paying VAT on VAT, especially when other states don't have to pay the same.
I ended up paying Rs. 3000 more just because I live in West bengal and not in Delhi.
I will highly appreciate an experts view on this.
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Capital gain tax
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