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Manoj Deka   30 May 2012 at 16:12

Tds

Dear Sirs,
Where as total turnover for the F,Y.2008 - 09 was Rs. 16,64,972/= but due to non receipt of TDS certificate for Rs. 10,000/= (Against a contract work for Rs. 5,00,000.) my friend submitted and claimed return of Rs. 26,489.00 showing total turnover of Rs. 11,13,415 instead of 16,64,972/= actual refund should have claimed for Rs. 27,489/= against actual turnover now the A.O. has furnished notice U/s 271(1)(c) of IT. As the amount Rs.16,64,972 including the 5,00,000/= was received from Govt. bills so evade of tax was not possible nor my friend motive, of course the lapses for turnover for Rs. 5 lakh are there for not receiving the TDS certificate till date. but income @ 8% don,t accede the 1.5 L limit of income for the F.Y 2008 - 09 so if any learned member can guide us or if there are any judgement in this type of cases are available! please help out.

Thanking you

Bhalnish Desai   30 May 2012 at 11:47

Form 16

Dear Sirs,

One of our employee left the organization during June 2011. He rejoined the organization after six months as a totally new employment. Kindly advise whether to issue two separate form 16 or to issue only one consolidated form 16 for both periods.

Please guide

VIJAY MOHAN SHARMA   29 May 2012 at 18:08

Section 56 (2)-definition of relatives

Whether Nephew/Niece i.e. Husband's Brother's Son/Daughter or Husband's Sister's Son/Daughter are covered in the definition of Relatives for the purpose of Section 56(2)(vii)of the Income tax act, 1961 ?

alok_pummy@yahoo.co.in   29 May 2012 at 17:21

Vat rate for sale of old plant and machinery

Dear sir,

A partnership firm registered under Rajasthan VAT act purchased new machinery for stone crusher plant from Faridabad Haryana and paid CST @2% against form 'C'.(year oct-2008)

Now after business did not run and the firm wants to sale this machinery/plant to some party which may be registered under Rajasthan VAT or may be some individual without Rajasthan VAT registration.

Please guide the applicability of VAT in rajasthan for this sale of used/un-used plant

thanks to all experts

kaidjohar   29 May 2012 at 10:02

Renauvation expenses revenue or capital ?

Hello friends..

Q.Renauvation expenses of Community Hall of Co Op Housing society treated as revenue expenditure or capitalizied in the books Approx. Rs.15 lacs?

PROLAY DUTTA   28 May 2012 at 17:22

Bachelor in law

Dear Sir,
Please tell me the basic qualification to do bachelor in law, please tell me percentage.

I live in kolkata

Thanks and Regards

Parveen Goyal   26 May 2012 at 23:31

Tax refund for damaged goods return

Dear Sir/Madam

I am working as distributor of well known fmcg co. all material is delivered to me through super stockist. all claims for damaged/ expired material, trade load in place of salary paid to saleman etc are settled through super stockist.
In july-11 i returned expired material to super. they settled the claim with co at their own level and did not gave any information for how the claim is settled and credited my account with some amount and oraly informed balance will be credited shortly. but this was not done.
now they are saying that company had deducted amount of sale tax paid by them (which was charged from me in bills) along with the trade load. when i asked them to give this to me in written they refused and said they will only issue credit note for this and you can get refund of tax from department.
Please suggest can i get tax refund or not can co or super stockist deduct amount of sale tax. if no please suggest what action i can take against both (co and super stockist).

subhash bajpai   26 May 2012 at 14:58

Gift by huf

Dear Sir,
I m karta of my HUF. Can I gift 10000 shares to my brother from my HUF ? and whether the same will be exempted u/s 56 of Income tax Act?
Please revert back.
regards,
SUBHASH BAJPAI

ESSKAAYJEE   26 May 2012 at 13:54

Deductions for consultants

I am a retired Govt officer working on a part time consultancy basis with an association.
I work three days a week and I am paid a monthly consultancy fee.A TDS is being deducted.
I have a car and a driver. phone at home with internet.I also buy books at times. These are not reimbursed by the association.
Pl advise me the deduction admissible to me in the income tax.

prashant1314   25 May 2012 at 16:30

Canteen contractor - service tax

Dear Seniors,

We have engaged small canteen contractors

1) Tea Provider 2) Food provider

both the contracotrs are not having service tax numbers. In this case can we avail service from them in absence of Service Tax Number?

Thanks in anticipation.......