hiten
12 June 2012 at 13:59
Dear All,
Please guide if i am selling jewellery given by my grandfather, for buying an property. If i give the sale proceeds to my parents for bying the property what will be the tax effect on me and my parents?
Thanking you all in anticipation.
Please assist.
bhavin
11 June 2012 at 23:25
Income tax-revenue had filed an appeal in high court and and the respondent dint know the date of hearing and hence couldnt attend. Later it was found that the status shows disposed and disp. type - Dismissed.
I want to know what does this mean and
what can the respondent do, to know, whether the case is still in court or has been completed?
thank you in advance.
Unknown Person
10 June 2012 at 17:44
IN my last last organization, my Full TDS deducted for 2011-2012. I left that organization. When I ask to give form 16, they told me that they can not give form 16, they will give me CA number, to contact him and collect form 16 from there. Please guide me who will give form 16, what legal action I will take against them.
Charudutta R. Mhalgi
08 June 2012 at 12:55
Respected Sir,
My query is regarding qualifying amount of aggregate donation under Section 8o G.Whcih amounts to be deducted from Gross salary--Exemption u/s10,Deduction u/s16 and deduction under VI-A.
Whether all above exemption and deduction to be considered or which is to be considered out of three for qualifying amount.
Kindly advice for the same.
indu
08 June 2012 at 12:35
Respected sir,
What is the soultion if client don't give us a C FORM.
THANKS & REGARDS
roshini
07 June 2012 at 15:05
A gazetted officer is in job from about 27 years and currently file income tax return on about 7 lakhs per year i.e. net taxable income is 7 lakhs/year.He get to know from other sources that a person has filed tax evasion petition on him that he has asset of about 15 lakhs purchased which is also true and it is mentioned by officer in asset declaration in govt. office during that financial year.actually that person is trying to unnecessary harass the officer.Now my question is that how to describe explanation of it to income tax department because officially officer doesn't get any explanation but want to clear all the fact to income tax department that he has bought asset from his savings as well as from ancestrol incomes.
Chirag
06 June 2012 at 21:55
Dear Sir/madam,
I am a consultant working on a contract basis with a US company.I provide quality assurance services to this US company in SEZ and EOUs. The remuneration is received monthly in US $ as decided in the contract. Though the services are provided in India the product is not used in India. The product is 100% exported to US. for consumption. My query is do my services fall under service tax bracket if it exceeds 10 lac in a year. Kindly advise and thank you in advance.
Ajay Agarwal
06 June 2012 at 17:28
Please solve my Problem--
1. In April sale Rs- 15, 00,000 @ 5% vat Rs- 75,000
2. In May sale Rs- 6, 00,000 @ 5% Vat Rs- 30,000
3. In June sales Rs- 5, 00,000 @ 5% Vat Rs- 25,000
My question is
-When vat should be deposited in bank account of sales tax deppt with challans?
1. in the end of Quarter (i.e. in July)
2. in the month of May when vat amount exceeds Rs- 1, 00,000.
Thanks.
prabhat
06 June 2012 at 10:01
I have an HUF. I am the karta of the said firm. i am also a consulting advocate. can i show expenses towards consultatiion fees or salaries paid to me by the said HUF. can salaries paid to my wife and daughter by the said HUF also be allowed as expenses as per the IT act? kinldy let me know.
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