Respected experts,
Here is one query my client has asked me...i want ur help....He got the compensation on sale of his land after abt. 5years from its sale..So he recd. the sale amount and interest on it also..how the interest will be taxable? and the capital gain will be taxable in the year of sale or in the year of compensation recd?..its not a compulsory acquisition.....
Please reply me as soon as u can.
thanks in advance...
Anonymous
30 December 2011 at 13:23
I have taken VRS from an insurance co. in Jan.2011. Form 16 for the year 2010-2011 which the company has given to me is wrong & the official of the company is not giving any attention to my requests to rectify the form 16.
Please advice me can it possible for me to submit the return by rectifying the form 16 at my end.
Anonymous
30 December 2011 at 12:25
A person wants to invest in LIC plan for 10 years but he wants to pay premium for 5 years from unshown income and for remaining 5 years through mode of cheque-whther it will be valid on maturity and no problem will arise -do reply
Anonymous
30 December 2011 at 12:24
A company is selling food(tea, snacks, lunch, dinner) to theri employee through canteen (owned by company itself). Whether vat should be charged by the company or not. If vat is applicable please provide be related section/notification/circular.
Dear Experts,
I am already enroll in state bar council and also in local Court , my question is whether i am eligible to deal Sales tax matter and also audit regarding Sales Tax , IT, ST, etcfor my Client.
Regards
Ashish
Member (Account Deleted)
30 December 2011 at 09:07
Dear Sirs,
one of my employees is facing a problem.
he worked in Tata Infotech Ltd some 25 years back. recently he received a letter from them that his PF can be collected from them and was asked for form 16. Since it is a 25 year old issue, the form 16 is not available. the company has now written the following to my colleague
"Please note, as you are unable to provide us the Form 16's, we request your
confirmation stating that you allow us to deduct Tax at the highest Tax
rate i. e 40%".
my question is
(a) are they allowed to deduct tax on PF which is dormant for the last 25 years/
(b) is the tax deducted @40%?
(c) if form 16 is not available, is company liable to give form 16 if we demand it from them now?
(a) if tax dedcution is inevitable, would the experts recommend transfer of this PF to the current company PF account?
please help on how we can reply back to the company so that we do not suffer.
regards
Sushil
Anonymous
29 December 2011 at 11:16
what is dinning tax sir ?
i went with my friend one day in pizza hurt there in that bill it was shown that dinning tax@20 % ...
so which sec does this come under?
Anonymous
28 December 2011 at 21:41
i would like to change my sir-name on the pan card, from my married name to my maiden name, as i have been separated for over 2 yrs. I use my maiden name at the company i have joined. my driving license and voters id is also in maiden name,as i have got these before marriage, and do not want to change them. my bank accounts are also in my maiden name. The pan card office is asking for a gazetted copy of the name change. The sub-registrar is saying that since my maiden name is my original name they can not help ,a nd that pan card office should acknowledge my birth certificate as proof. the pan card office finally said that they need a divorce document. the pan card has my fathers name under mine, and his name is on my birth certificate as well. PLEASE HELP ME FIND A WAY TO GET MY BIRTH NAME ON MY PAN CARD.
As per central excise law,audit is undertaken in every two years whose duty payment is more than one crore, as the unit is registered just last year but the audit official of commissionerate wants to take audit this year which completes only one year. Whether they are right to take audit or not?
Mrp on pet bottles in multiplexes
As per the Standars of Weights and Measures (Packaged Commodities) Rules, 1977 every packaged commodity is to have a label giving discription and details of commodity along with the maximum retail price of the commodity.
As per rule 2 of the Rules "Institutional consumer" shall not be covered by the said rules.
Whether cinemas and multiplexes are covered under the definition of "institutional consumer" if no, please cite judgements for the same.