kaidjohar
24 February 2012 at 15:47
Hello sirs..
I want to pay clients all types of taxes through e payment from Savings A/c by collecting cheque or cash from clients..
Is any liabilites view point of inacome tax?
manoj kumar pandey
24 February 2012 at 11:49
sir,
I pur. from taxinvoice salt biscuits @4% upvat & sold the same. but the officer refused to accept it @4%. He Charged it @12.5% on the same product. In trading is it possible to charge @12.5% on a product which is purchased @4%. If yes, who will be responsible to pay the difference of tax. VAT ( Value added Tax ). Its Urgent please.
Thank you, from
Manoj Kumar Pandey
9412624336
lalit choudhary
24 February 2012 at 11:04
Q1} whether vat is applicable in real estate in maharashtra ?if yes from when it is applicable?
Q2} i purchased a flat.i made part payment against booking and accodingly made pat payment of service tax..but now i entered into agreement with builder..now he asks me to pay service tax on the remaining amount in one single payment..but the construction is still going and as per agreement i am making payment as per stage of construction.so is it mandatory to pay service in one single payment once u enter agreement or we can payment service tax in part..and for late payment what are the late charges applicable as per law??
manish patel
24 February 2012 at 10:19
MY FRIEND HAS SUBMIT I.T. RETURN A.Y. 2010-2011. BUT CPC HAS DEMAND OF 14,400/- WITH INCOME TAX ACT SECTION 154.I JUST QUESTION THAT HE HAS TRY TO RECTIFICATION OR GO TO LOCAL I.T.O. WARD.
vipul Kumar Agarwal
23 February 2012 at 21:06
I asked to all vat experts pls.suggestion of credit note of cash discount and quantity discount .because assesse officer
vat charges on credit note ( cash discount and quantity discount )
thanks
Vivek Handa
23 February 2012 at 17:27
Dear All
I urgently need the full judgment of case "Haryana Co-operative Sugar Mills Limited, Rohtak vs. State of Haryana, reported in (1997) 107 STC 103; (1996) 8 PHT 144
Unfortunately I do not have either of the volumes with me and have already done lots of search on the internet.
Many Thanks in advance
kamal
23 February 2012 at 12:54
we have a unit in Uttarpradesh, in case of stock tranfer entry tax will be applicabe or not if yes what would be the treatment in the books and will it be adjustable from VAT?
KESHAV RAU
22 February 2012 at 22:10
MY WIFE WORKING IN A PSU IS CANCER PATIENT AND UNDERGOING TREATMENT FOR IT. THE EXPENSES INCURRED ARE REIMBURSED BY HER EMPLOYER. TDS IS ALSO DEDUCTED ON THE AMOUNT OF REIMBURSEMENT EXCEEDING RS. 15,000/- IN THE F.Y. IN QUESTION.
IS IT TRUE THAT THE INCOME TAX ACT PROVIDES FOR TOTAL EXEMPTION IN RESPECT SUCH REIMBURSEMENT WHICH PERTAINS TO EXPENDITURE INCURRED ON TREATMENT OF CANCER EVEN IF THE AMOUNT EXCEEDS RS. 15,000/- ?
IF THIS IS CORRECT, WHAT ARE THE CERTIFICATES REQUIRED TO BE OBTAINED FROM THE PHYSICIAN/HOSPITAL CONCERNED FOR SUBMISSION TO THE EMPLOYER SO THAT THE EXEMPTION COULD BE PERMITTED ?
sanjiv batra
22 February 2012 at 15:52
I am a UK citizen of Indian origin.If I visit India and receive a gift from my sister,who is citizen & resident of India,then is there any tax payable in UK since no tax is payable on receiving or giving gifts between brother and sister in India under Indian Income tax law?
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Taxation for funds from abroad
Respected Sir/ Madam,
Person A was resident in India. She resigned her job and out of any financial earnings in that financial year (2010-2011). She received the funding she was waiting for in Feb, 2011. This funding was given by a foreigner (a retired British professor settled in Paris who sent this fund through the account of his organization in Switzerland) to support her education. She was misguided by her banker regarding the availability of the resident foreign currency accounts and hence she kept the amount in her resident bank account in INR. All the funds were received through the proper banking channel undergoing the foreign exchange. She left abroad in September, 2011 to study.
1) She did not file the returns in 2011 for the funds she received in Feb, 2011 as it is not her earning but a donation/gift from abroad to serve as a scholarship for her education. Is it a mistake?
2) She is out of India for more than 180 by this March and hence could she transfer these funds into her NRE account and take the interest by investing in NRE fixed deposits which are tax free now?
3) She must use this funding for 5 years of her education abroad. So she would like to deposit this money in 5 different deposits (one that matures by 1 year, another that matures by 2 years and so on for 5 years) so that she could get some additional money to support her studies. Since NRE deposits now are not taxable, could she proceed without any declaration?
4) After receiving the funds she was in India for a period of 6 months to carry outthe visa formalities.Then she deposited this amount in term deposits for the sake of accountability and clarity so that her transactions in her account will not get confused with this funding. She had not used that interest. Now is that interest taxable? Does she need to file a return for that? Can she invest that interest along with her funding amount in her NRE account?
Please guide me.
Regards
Deepali Sharma