R. K. SARASWAT
13 March 2012 at 21:25
My father was having Fixed Deposits in Bank. He died. After his death the Maturity Amount (Principal + Interest) is being paid to me as per Nomination. Now Bank is deducting TDS on Interest. My quarry is:-
1. Can Bank Deduct TDS on Interest earned and being paid to me?
2. If TDS is deducted than TDS Certificate should be in whose name i.e. my father or me?
3. My Gross Income including from my all sources Plus Interest Income from Father’s Fixed Deposits will be below the Taxable limit. In the circumstances can I submit Form 15G for not deducting TDS on Interest Income? If not then--
4. Can I submit 15G on behalf of my deceased father for non TDS?
Vipin Kumra
13 March 2012 at 11:48
while submitting the WCT challan/return instead of writing the name of the proprietorship, mistakenly the name of the proprietor was written.
What are the implications that follow.
If the same is wrong what can be done to amend the same.
HIRAL THAKKAR
12 March 2012 at 20:29
Can any one please provide me the government notification of advocates having less than five years of practice in the State of Maharashtra from the date of Registration with the Bar Council of Maharashtra and goa are exempted from paying professional tax
Can we file a PIL for the same if the same is not provided for by the government asking for slabs of professional tax according to the practice and income.
bhavesh
12 March 2012 at 19:50
Dear Sir Good Evening
Sir I Have Filed A.Y 2011 - 12 I Tax REturn On 30/09/2011 By E Filing Cpc Bangolore . 25/11/2011 Cpc Bangolore Issu A Letter You Have Filed Revised REturn I Have Some Work Then I Have Not File Revised Return Till Today. Today Cpc Bangolore Process My Original Return And Not Calculation Dep Amount In My Return So My Q Is Can I Filed Rectification ? Compolsory Filed Revised Return? Or Both Please Guide Me What Should I Do For This Matter.
jaydeep
12 March 2012 at 14:10
I am a trader at Gujarat. but due to my small business i don't know about vat related matters. so one of my friend said me to charge vat, and i have started to charge vat without any registration and my turnove is 1500000 till date but i have chared vat on all the bills issued after 500000 turnover.
I have applied for vat registration 1 days ago.
1)Whether i have to pay above charged vat?
2)Whether i have to pay any penalty?
3)What other problems that i will face future because of this?
Please reply as early as possible
gopal dutt vyas
12 March 2012 at 08:15
A PROFESSIONAL RECEIVES A CHEQUE FROM HIS CLIENT ON 5 APRIL. THE CHEQUE WAS ISSUED ON 29 MARCH AND TDS WAS DEDUCTED . IN WHICH YEAR THE INCOME WILL BE COUNTED --- THE YEAR IN WHICH TDS WAS DEDUCTED ?OR THE YEAR IN WHICH PROFESSIONAL GOT THE INCOME ?
Pucki
11 March 2012 at 19:00
Certain issues are disputed with Income Tax authorities, which is common wth every year return. Therefore is it wise to pay advance tax at higher rate - assuming issues in favour of IT department? Also if such issues are decided in our favour at ITAT , then in this case should one pay tax according at higher side or at lower (i.e as per income claimed to be assessed in the return)??
sahil kumar
11 March 2012 at 10:16
) Assessee entered into collaboration agreement with a builder in which it is agreed that power of attorny(irrecovable) will be given to the builder for taking permission/approvals from various govt. authorities for this construction.Assessee is here receiving Rs. 60 Lacs a refundable security deposit(as fiven in the collaboration agreement).Whether this amount be liable for any tax liability?
2)Further, It was decided in the collaboration agreement that after completion of the project, Newly constructed property will be devided between assessee and builder in the ratio of 55:45.Here builder is free to sell his part(i.e.45 % of the total construction).Will there be any tax liability in this condition when assessee is transfering 45% of the property as cost of construction(in kind) instead of cash payment?.Will Rs. 60 Lacs attract any tax liability now which was given earlier?There is no intention of assessee to give back this amount to builder.
Please guide me.....
kamal agarwal
10 March 2012 at 16:23
What will be the last date of scrutiny notice for the return filed of 31.03.2011
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Non-submission of form
Whats the Process of Penalty for non-submission of Form 'C under up vat,& how we can Calculate the interest & penalty ? please explain with a example