Anonymous
19 June 2010 at 12:08
Hi
If a person is director in two or more pvt Ltd companies & is paying Professional Tax on individual capacity.
ple guide wheather companies are liable to pay the professional Tax or not.
Anonymous
18 June 2010 at 16:42
Senior citizen women (above 70 years old.she is house wife. No other income source)is having a land.
She wish to sale the land as she own self or her relatives are not able to look after the land due to various problems around.
What tax benefits she may get?
if she will get all the money in white?
The land is in her possetion from last 20 years & came to her due to will of her mother. Her mother purchased that land for her 45 years back.
mbarjatiya
18 June 2010 at 14:15
Respected Sir,
back ground : we have setup a new unit, which is in notified industrial area of NE, (a partnership firm) started production in 2006 and were availing exemption under 80IC, we manufacuture pan masala(without tobacco) and churna for pan(mouth freshener)in our factory
the IT officer say that to claim the benefit of 80IC, our unit should make substantial expansion then only you can get the benefit of 80IC, as you unit has not made substantial expansion, you are not eligible for exemption under 80ic, 80ic is applicable to the unit how have made expansion during the period specified in 80ic not the new units estabilised during the specified period
sir pls help me with relevant papers to prove that new unit are also eligible for exemption of income tax for 10 years under 80IC.
with thanks awaiting for your reply.
MANOJ JAIN
Sudeshna Basu
18 June 2010 at 09:05
Dear Sirs,
My father is a retired person and ants to buy an old house costing Rs 40 lacs. Please tell me the approximate amount of Registration and other taxes he has to pay.
Thanks and regards,
S Basu
Anonymous
17 June 2010 at 16:42
DEAR EXPERT
WHAT IS THE INTEREST RATE FOR DELAYED PAYMENT OF CST.
WITH REGARDS
Anonymous
17 June 2010 at 10:29
JK Govt. has put tax on each Hindu Yatri & Food Stalls while Central Govt. gives Rs.826 Crores for Haj. Why this difference in approach to the relgious pilgrimes, in the same country ?
Anonymous
16 June 2010 at 22:20
can anybody plz tell me how to pay tax .. my income in below 1,60,000 .. but still i want to pay a little tax .. can anybody help ??
Anonymous
16 June 2010 at 13:00
Whether mere loading,unloading of bamboo, wood within the premises of the service recipient without transportation outside is taxable under cargo handling services under section 65(23) of the Finance Act 1994?please also provide relevant citations to justify ur answer.
VINAY KUMAR MITTAL
16 June 2010 at 12:08
ONE OF MY CLIENT CO.HAS ENTERED INTO AN AGREEMENT WITH A ITALIAN CO TO ACQUIRE THE LICENSE FOR THE RIGHT TO USE `A SPECIFIC MANUFACTURING PROCESS` OF WHICH THE ITALION CO IS THE OWNER,ALONG WITH THIS THE AGREEMENT ALSO INCLUDE SUPPLY OF `PDP`AND MANUALS AND CERTAIN ASSISTANCE SERVICES.
SO, WHAT SHOULD BE THE WITHHOLDING TAX RATE.
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Income-tax
While awarding compensation in a land acquisition case, the government has also granted solatium to the land owner. The land has been taken over to widen the golden quadrilateral highway and in a prestigious place. While the compensation as also the interest for the delayed payment are taxable, it has been the claim of the land owner that solatium being one representing money paid to assuage pent up feelings or wounded feelings is akin to compensation paid to accident victims and is not taxable. There is no dedcision as seen from the digest barring a Punjab & Haryana Bigh Court decision which directs that solatium is also assessable to tax. Can anay one identify or locate any other judgment in this regard. Converselky if any case deciuded by the Supreme Courrt in any civil law that cana be of assistance may also be cited.
TYhanks and regards.