Anonymous
15 January 2011 at 20:01
Dear All..
I have query about the ded. made by the bank on the FDR at double rate instead of ded. has to be made @ 10% , bank ded. 20 %, there is big amt of FDR involved in this matter ....
Can we go for this matter in to the consumer protection law for the excess ded. made in this case by Bank ?
Kindly Advice....
Anonymous
15 January 2011 at 15:11
Enhanced Gratuity is payable to those who are retired on or after 24th May 2010.This date was objected by many individuals who retired between 01-01-2006 to 23-05-2010.I am one of them. I would like to know whether the effective date revised or any representation of revision in progress? I am retired on 30-04-2009. Whether I can cliam Gratuity exemption up to 10 lacs?
Anonymous
14 January 2011 at 15:29
There are two ways of gifting a property (to a blood relation/spouse):-
1. as gift (via gift deed)
2. relinquishment of rights (via relinquishment deed)
Cost comparison:-
As I know, gift deed costs more than relinquishment deed. What's the cost of gift deed?
Is it variable based on the value of the property or fixed?
Tax comparison:-
Is there any difference in terms of tax liability (for gift and relinquishment deeds)? There is no tax on gifts from blood relations plus spouse. What about tax in case of relinquishment deed?
conclusion:-
Which option, gift or relinquishment, would you suggest to transfer the property? Is this also the most common method used by people? If I am not wrong, gift deed is the most common among the two.
Thanks.
Advocate Abhijeet singh
14 January 2011 at 11:02
HELP HELP it is very urgernt for me
An employer issued form 16 to employee on 22-04-2010 but later on it was noticed that the form 16 was issued inadverently because the tax was calculated incorret and tax liability amounting to Rs. 26500 was also found recoverable from that employee . As such he revised the form 16 and the tax liability deposited along with interest @1% per month on behalf of employee and revised form 16 issued by employer . Is the action of the employer revising the form 16 is correct or not.
The following ans given by expert:
yes. mistake was corrected and form 16 also amended is correct, it will avoid penalty for your employer
Now tell me the employer revised the form 16 as on august and also revised the compay quatertly tds return . Income tax department charge panalty under section [Section 271(1)(c)][Section 271C] on employer is it right or wrong plz tell me . its very urgent
neerajtiwari
14 January 2011 at 02:28
hello sir,
i want efilling sofware of incometax for ITR 1 & ITR 4.
How can i found it.
thank u
rAJAN
13 January 2011 at 11:33
sir i want apply for vat no. under punjab vat act 2005 under partnership firm.All the partners want to be authorise signatory in the firm,Now in Vat -1 is it necesaryy that all the partners should sign the forms and annexures and affidavit te be filed before e exices and taxtiona officer.
pls reply. thanks and regards
Anonymous
12 January 2011 at 21:12
Hi,
I had taken employement abroad in Nov 2009 and started earning from that time. I would like to know, how i should file the IT returns for the year Apr 2009- Mar 2010 in India. The company where I worked in India had deducted my tax till my stay for the income earned from Apr - Oct 2009. Also I would now be paying tax for my income for Jan 2010 - Dec 2010 abroad. Below are my questions.
Q1: Now how do i file my IT return in India, for the above scenario?
Q2: What amount would be considered for computing my total tax in india?
Q3: Do I need to pay tax in India on the amount I earned for which I would be paying the tax in abroad?
Q4: What are the supporting documents I would require to produce at the time of filing IT returns?
Thanks & Regards
Anonymous
12 January 2011 at 20:14
Interest on education loan paid rs. 42000/- but interest debited by bank is 72000/-. My question is which one is allowable u/s 80 E for previous year 2009/2010 ?
Parth
12 January 2011 at 14:53
Brokerage received by Share Broker is consider as income as Profession or Business Income!!???
If his Brokerage Income is rs. 45Lacs then he is liable for Tax Audit u/s 44AB.
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Section 68
ere partners of a firm. Y is now deceased. During search procedure few dairy’s maintained by Y was found by I.T. Dept. These dairies contained transactions that were of nature of loans raised by Y. on every page of dairy name of creditor is mentioned and below that his credit amount is mentioned further thereafter under his credit amount regular other interest credit entry are also recorded. This dairy contains both transactions i.e. amount received by cheque and cash from person K, cheque transactions reflects in books of account maintained by Y or firm of XY produced before IT. But the cash transactions were not incorporated in regular books of accounts filled before IT. Now can section 68 even though sease material describes the transactions specifically as loans, be invoked? if the dairy transactions are out of books can 68 be invoked