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jitendra   20 February 2011 at 11:45

sundry creditor trated as bogus

As for individual the income tax officer has passed an order for sundry creditors trating as bogus as I have aleready paid the payment by cheque and the same has reflected in bank statment but Incoem tax officer has issue the summon to crediotrs and he has left the premises and on the basis of same the income tax officer has raised the demand buth we have filed an appeal what is the view

Anonymous   18 February 2011 at 07:45

calculation of salary incometax

some of our officer submitted tax calculation form to deduct tax at source.they are all having own house.previos years they have not claimed h.r.a rebate u/s 10 of i.t act. this year they took the rebate of H.R.A& the y filled the rent colum like this way .i amresiding at rented house,but rent expenditure is nil.then i asked the offiers to enclose rent certificate. one of the offoer statred blaming like this i am class one officer, i know how to get rebate, simply file. u are simply making objection. really i am upset,then i said sir this is proccdure ,one who getH.R,A rebate he has to furnish rent bills. from so many years i am verifying the salary bills & connected records . sir i want to know iam in the right way or not? are any hidden rules beyond the rent caculation. kindly clarrify me to enlighten my knowledge.
rpd

RAKESH B SHAH   17 February 2011 at 10:07

C FORM

AS OUR ORIGINAL & DUPLICATE C FORM HAS BEEN BURNED IN FIRE WE HAVE TAKEN ZEROX COPIES OF C FORM FROM OUR CUSTOMERS I LIKE TO KNOW IS THERE ANY CASE LAWS FOR ALLOWING COPY OF C FORM PLS. LET ME KNOW

sandip   16 February 2011 at 19:40

Authorzed sign on Invoice

Require One sign on TAX/RETAIL INVOICE
kindly give me a sec or rule that prove

Anonymous   16 February 2011 at 14:39

loan to my son

If I give my son a loan of Rs200000/- (Rupees two lakhs) for application money for booking a flat without any interest which will be paid back to me after 15 years will it attract any complication in terms of Income Tax Act ? This money is from my retirement benefit.

Anonymous   16 February 2011 at 13:30

Stock Transfer

Can a dealer get CST billing from a dealer of same state say "X" at it's branch office in some other state say "Y" and after that make stock transfer to his main office at "X" from it's branch office at "Y" against F-Form

Anonymous   16 February 2011 at 11:24

gift to my son

My son is applying for an allotment of flat. May I give the application money to the tune of Rs.200000/- (rupees Two lakhs) on his behalf ? Is there any complication form the income tax point of view ? Have I to inform the IT authorities ? This money is from my retirement benefits.

Anonymous   15 February 2011 at 19:26

Branch Transfer under Punjab VAT

Sir facts relating to my query for A.Y. 2005-06 are:

Sales subject to VAT Rs.10,00,000
Consignment/Branch Transfer Rs.5,00,000
Total sales Rs.15,00,000

Total Purchases (4% + 12.5%) Rs.10,00,000
ITC on above (4% + 12.5%) Rs.1,00,000

Now i want to calculate the reversal amount (apportionment for branch transfer)??
I am little bit confused over 2 methods which are:
1st method:
Reversal amount= 1,00,000*5,00,000/15,00,000 = 33333

2nd method:
Reversal Amount= 5,00,000*10,00,000*4/15,00,000*100 = 13333

PLEASE SOLVE MY QUERY RECITING APPLICABLE RULES AND TAX LAWS.

Anonymous   15 February 2011 at 18:25

cenvat credit on piston seal

sir, how much cenvat claim can we take on pistal seal used in mould. whether it is 50% or 100%

N SURYANARAYANA   15 February 2011 at 10:44

INVESTIGATION OF BANK ACCOUNT OF DECEASED

A person(who is unmarried and presently dead) has made huge transactions in crores of rupees in his bank account. The case has been taken-up for investigation by the I.T.Department to examine the source and to crystalise the liability of the deceased. The business of the assessee which was carried in his proprietory capacity was closed. The nominees of the person are his parents as could be seen from his bank accounts. The deceased has not left any property in his name. How to collect the Incometax liability of the deceased ?. Is the I.T.Department competent to apportion the tax liability of the deceased from the bank balances standing to the credit of the deceased which are being claimed by the nominees. What is the legal position in the matter.?