Anonymous
26 October 2010 at 19:56
I intend to sell some unlisted shares and invest the money in two flats with my two daughters i.e. one daughter as a joint holder in one flat. The money is 100% from me from sell of unlisted shares, so that I save on Capital Gain Tax by investing in the two flats. Neither I nor my daughters own any ownership flats.
Pl. advice for:
Income tax implications.
Will there be need of a will as on my death the joint holder will become the owner automatically?
vivek patil
26 October 2010 at 19:17
SIR, IS IT MANDATORY TO FILE TAX RETURNS FOR REGISTERED COMPANY EVEN IT IS MAKING LOSS?
Anonymous
26 October 2010 at 17:42
A company does jobwork at the premises of its client by sending workers and receives Jobwork charges.What are the implications of Excise/Service Tax in this regard?
hussain
26 October 2010 at 17:14
Sir,
In a case of a company for the A.Y. 2005-06 company as booked Advertisment Expenses approx Rs 1 Core and not deducted T.D.S in this case how can we persent this case so that party can get relif form it.
p k kapoor
25 October 2010 at 15:41
Form 16 as required under the rules was issued to all employee on 30-04-2010 for FY 2009-10. However, in October 2010, one employee has pointed out that PAN has been incorrectly mentioned in the FORM 16.
My query is
(i) Can I issue a fresh Form 16 after necessary correction in PAN by mentioning today's date i.e 25-10-100.
(ii)OR should the employee be asked to return the old FORM 16 issued in April 2010 and a rectified FORM 16 may be issued now.
Thanks in Advance!
Anonymous
25 October 2010 at 00:02
Hello Experts,
Is it compulsory to file the return for the income earned from day trading in shares? If i earn rs 50000 in intraday,how much tax should i need to pay?
Thanks in advance
Anonymous
24 October 2010 at 01:06
WE HAD PLANNED TO SALE OUR ANCESTRAL PROPERTY FEW MONTHS BACK. WE HAD ALSO RECEIVED A TOKEN AMOUNT OF RS.ONE LAKH FROM THE PURCHASER. HOWEVER THERE WAS A DELAY IN ENTERING OUR NAMES IN THE SOCIETIES REGISTER AND THE DEAL WAS CANCELLED. THE TOKEN WAS RECEIVED BY CHEQUE WITH THE ACKNOWLEDGEMENT ON PLANE PAPER WITH REVENUE STAMP. WE HAVE RETURNED THE TOKEN AMOUNT. BUT WE HAVE GIVEN THE CHEQUE TO THE PURCHASER FROM ANOTHER BANK AND NOT FROM THE BANK IN WITH THE TOKEN AMOUNT CHEQUE WAS DEPOSITED. IS IT OK FROM TAXATION POINT OF VIEW?
PLEASE GUIDE US.
Ajit
24 October 2010 at 00:43
Hello my friend is insurance agent. His company deducted TDS on his Commission. How to get it refund? which form is applicable?
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Non Deduction of TDS
Sir,
In a case of a company for the A.Y. 2005-06 company as booked Advertisment Expenses approx Rs 1 Core and TDS as not been deducted and in hearing at Income tax officer asked to give related document that TDS as been deducted or not otherwise the hole amount will be added back to your income beacuse there is rule if you have forget to deducted tds the hole amount will be added back to your income and it allow when u deducted and pay TDS.so in this case how can persent and get relif.