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pawan   27 March 2012 at 13:15

Advice

What are the ways to save capital gain tax?
If I invest in LIC gain bond then at which slab I have to pay tax at the time of maturity

pawan   27 March 2012 at 13:09

Advice

My age is 52yrs.VRS optee

Ny income from pension 184854
income from SB & FDR 105485

Expenditure
Mediclaim 18186
LIC 22122
Child Edu 20000

Calculate my tax for ass.yr 2012-2013 in detail

m tariq   27 March 2012 at 07:42

Service tax & vat

SIR,
I HAD BOOKED UNDER CONSTRUCTION FLAT IN KAMOTHE, NAVI MUMBAI. REGISTRATION HAS BEEN DONE ON 21/6/2010 COSTING 2250600/-RS. I HAVE PAID 266000/- RS. AT THE TIME OF REGISTRATION ,REMAINING AMOUNT OF 1984600/- WAS PAID IN STEPS TILL 11/2/2012
NOW FLAT IS READY FOR POSSESSION. BUILDER IS ASKING FOR 1%VAT(22506/-) & 2.58% SERVCE TAX ON AMOUNT PAID AFTER 1/7/2010(51203/-) PLEASE ADVICE ME. WHAT TO DO IN THIS SITUATION.
THANKING YOU IN ANTICIPATION

M TARIQ

jaydeep   26 March 2012 at 19:20

Reduction of cst

I am doing business in vadodara, gujarat.

somebody says you have to reduce vat credit when you do ogs sale.

I am afraid that vat officer will demand vat from me because i have not reduce vat credit.

Please give some clearity.. is my friend write???

CreateGoodwill   26 March 2012 at 19:07

Tds certis

We have sold Software to a dealer dealer has issued a TDS Certi. to us for Rs.5.50Lacs. this TDS is pertaining to 2010-11

to verifty we usually chk the NSDL site for Credit

we could not see the credit of this Dealer

we checked 2009-10, 2010-11 and 2011-2012 there is no credit

on other hand the dealer issue us TDS certi and inform u can take credit

the TDS Certi is signed by Dealer's account manager

in future any queries comes of non credit of TDS, how to go ahead at that time.

jay   26 March 2012 at 19:00

Penalty for return filing

I am trader in gujarat. I have also TIN no.
Since last 4 month i have not filed vat returns. i came to know that i have to pay 10000 penalty for 2 months for non-filing of vat return. I have huge credit in my vat credit account.

My Querry is Can i use vat credit for the adjustment of penalty of 10000??

Thanks

Gagandeep Kumar   26 March 2012 at 16:01

Lending and borrowing from friends

Hi,

I work in CPSU. I had taken interest free loan of around Rs.1 Lac from my different friends in cash.
What are the Income tax liabilities on me as well as my lending friends.

Also, i had given interest free loan through net banking to my other friend from my own company for a business amounting to Rs. 3 lacs over a period of 3 years. What are the tax liabilities and other legal issues in this case.
Kindly help.

Thanks and regards,
Gagan

Vipin Kumra   26 March 2012 at 14:24

Wct

i have hired a contractor for construction of a resort in uttrakhand. as per the agreement WCT will be payable by me.

I wanted to know the due deposit of WCT in such a case.

Thank You

kaidjohar   26 March 2012 at 10:40

Retailor sales mobile recharge coupons either commission income or trested as sales

R/Experts,
Retailor sales diff cos. mobile recharge coupon,

Income from this activity treated commission income or show in books of a/c as sales and purchase transaction ?

pawan   26 March 2012 at 10:05

Advice

My income for 2011-2012 from
1.pension is 1,84,854
2.Mutual Society 26,626
3.Commutation of Pension 6,08,807
4.GLSI 60,182
Total 9,52,469
Interest 1,05,485 from SB & FDR
Sale of Property 10,00,000 purchased in 2001 in 2,75,000

Please tell me which income is non taxable ?
Where to invest to minimise the tax & how much? what is my taxable income?