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bharat   24 April 2012 at 20:41

Tds on accidental claim

The Trial Court Ordered a some of Rs. 14 Lac as accidental claim on which the insurance company deducted Rs. 1 Lac (approx.) as TDS. The High Court Reduced the amount of claim to Rs. 8 Lac out of which I who was respondent number 4 received a sum of Rs 2.80 Lac including the interest.

My Query is that whether the TDS be refunded or not. I have only agriculture income. Is the amount received as accidental claim, taxable?

Thanks in advance.

AMARENDRA SUTAR   24 April 2012 at 14:02

Last date of issue of tds certificate-16a

please advice the last date of Issue of TDS certificate-16A for the year ended 31st march 2012.

Member (Account Deleted)   23 April 2012 at 22:52

Filing return

What if an assessee receiving notice under section 148 does not have copy of returns filed 5 years before.What should be sent as reply?

SUKANTA PAUL   23 April 2012 at 22:03

Income tax capital gain

one of my clien acquired a land by way of gift from the state of W. B Govt and mutated her name accordingly. she constructed a three storied building on the said land and some part of the ground floor used as commercial purpose for her own use. Now one part of the said ground floor which she used as a shop willing to sell to third parties at a agreed consideration of Rs. one crore. My queries are as follows:(1) wherther the sale consideration attract long term capital gain?
(2) if capital gain is attract computation of capital is needed.
(3) if tax relief is needed pl suggest what highest amount she invested in capital gain bond and where?
(4) excluding capital gain bond what amount of tax she should be paid?

NITIN   23 April 2012 at 15:14

Mvat query

Which form should we use to file MVAT returns on sale of flats under composition scheme

Rahul Mogha   23 April 2012 at 12:03

Entry tax computation for u.p urgent

Anyone Can Tell How To Compute entry Tax On Good For U.P.
We are the manufactures of Iron & Steel goods.
We Didn't pay any Entry Tax Since 2008-09.
What is The interest Rate and What is The Tax On iron and Steel... And How To Compute The Actual libility of tax.
Plz. Help

PARDEEP KUMAR   22 April 2012 at 17:05

Income tax appeal

For A.Y 2005-06, In respect of a salaried person, declared income of Rs.1,96,000/- taxable Rs.1,20,000/- In scrutiny, ITO, made additions of Rs.1,30,274/- (shown cash expenses) + Rs.36,000/- (presumptive rental income), as undisclosed income under section 69C, raised demand of Rs.56,305/- including interest, also initiated penalty proceedings u/s. 271 of I.T.Act,1961, we made deposit of Rs.5000/- in protest and moved an appeal, meanwhile ITO also withdrew Rs.63000/- from Bank Account of Assesse, around 3 years ago. The ITO has made blunders, like he added Rs.36,000/- as rent but didn’t gave benefit of such addition in cash availability, against declared cash availability of Rs.2,80000/- (last 7 years balance sheets filed), accepted cash in hand as Rs.10,000/- and here too didn’t gave benefit of this cash availability for expenses.
Now, the Appellate Authority, has reduced addition to Rs.68,000/- + Rs.36,000/- i.e. allowed benefit of Rs.10000/- + Rs.36,000/- + Postal cash receipt in cash availability. But refused to accept that am was having cash as declared, and also that I have received cash in lieu of payments made on behalf of brother in law, mother from my bank, on the ground that though confirmation is filed, passbooks showing matching entries is filed, but said brother in law and mother didn’t filed their cash availability evidence to prove that they have returned cash.
It has taken years in above, am being advised, that moving ITAT shall result in fresh initiation of cycle from ITO, fresh expenses in litigation, no surety to succeed, etc., etc., as such, to end woes, accept this order in appeal, and get the proceeding under section 271 cleared.
Please advise, what to do?

surinder singh   21 April 2012 at 17:23

Form

I AM A STUDENT OF LAW,FROM PUNJAB. I ALSO DONE MY PRACTISE WITH MY DAD, ACCOUNTANT. NOW I NEED OF FORM OF PAYMENT OF BUILDING & INSTITUTION TAX WHICH WAS YEARLY PAID. AND ALSO NEED RELATED FORM.

Maheswar Behera   21 April 2012 at 17:21

Comutted pension

Which companies are registered by or under central state or provincial Act?

Md Anamul Haque   21 April 2012 at 15:58

Sales tax


What is interest provision for raising of debit notes for differential CST on account of non submission of C form ?

e.g

date of invoice : 28.06.2011

C form not received from purchaser till 31.03.2012 and accordingly debit note raised on 31.03.2012 and amount paid to government on 10.04.2012. How much interest to be paid ?

till what time the differential tax could be paid without any Interest ?

A Haque.