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shekhar jha   29 March 2016 at 07:23

Deduction under section 57 (ii)

deduction u/s 57(iia) is of rs. 15000 or 1/3 of income

Query: is this amount monthly or annual?

sharad   23 March 2016 at 17:24

Vat rate in gujarat act

GREEN HOUSE RATE OF TAX AND OTHER ALL GREEN HOUSE ITEM TRADING ON RATE OF TAX

siddhant jhamb   20 March 2016 at 17:12

Taxes on commercial surrogacy

Is service tax applicable on commercial surrogacy and if yes then at what rate ?

M   18 March 2016 at 13:22

Legal heir certificate

(1)Where can a legal heir certificate be obtained
(2) can a legal heir certificate from tahashildar old custom office solve the purpose of IT return
(3) what documents are required for legal heir certificate
(4) period required for obtaining legal heir certificate
(5) what are the charges
(6) can a affidavit notorized by a notary public serve the purpose
pls reply thanks

Vikas   17 March 2016 at 20:28

Income tax rules for taking loan from relative

Dear Experts,
I have given 5.5 lacs rupees to my cousin in four transaction by cheque as a interest free loan to purchase a house in financial year 2015-2016. My query is that it is necessary to show in income tax return either by me or my cousin or both.if we have to show then how to show .
Thanks & regards
Vikas

ravindra   17 March 2016 at 01:15

Income tax return

MY FATHER EXPIRE ON 27.9.2014 NOW HOW CAN FILE INCOME TAX RETURN . PAPER RETURN NOT ACCEPTED ANY INCOME IS BUSINESS INCOME MORE THAN 5 LAKH

AMARENDRA SUTAR   16 March 2016 at 11:03

Cst rate for fabricated steel structures under mvat act

Sir,
I want to know CST rate without C form for fabricated steel structures under Maharashtra VAT Act.

Our supplier has engaged one party for fabrication of steel structures at Kolkota & dispatching from Kolkota but billing to us from Pune from their registered office.

Kindly help.

Regards,
Amarendra Sutar

Roshini Arya   16 March 2016 at 09:34

Ppf query

Hi

I opened a PPF account in 2000 which as per law matured in 2015 after 15 years.
My query is regarding PPF and is as follows:
Now in FY 2015-16 the account is matured and there is an option to withdraw the entire or part of the amount or pay a minimum Rs 500 to lock it for another 5 years.
However I made no contribution in 2015-16 as I was planning to buy a house and needed the entire sum.But due to certain reasons I may not need to withdraw the money as of now.As it may materilize in 2016-17 I plan not to make any contribution in 2016-17 to my PPF account so as to keep the funds handy as if I make a contribution 40% would be again locked for 5 years.
Hence as per PPF rule if I do not make a contribution 1 year after maturity the same is considered to be a PPF account without contribution.
Now if I decide to continue my PPF account by paying an X amount in 2017-18 will the PPF accept the same as with contribution considering that I made no contribution post maturity for 2 years.
Also will such delayed contribution be applicable under sec 80C
If so will there be a penalty and to what extent.
Please clarify.

Sumit Aggarwal   15 March 2016 at 17:27

Taxation on expenses of personal nature???

Hello,

My query is regarding Income Tax:

Father is earning Rs 3 Lac per month (36 Lac per annum) and filling his ITR (Income Tax Return) accordingly.

Son is working in a company for last 2 years and earning Rs 15000 per month (1.8 Lac per annum). The earnings of son are not sufficient for his monthly expenditure.

Therefore, father decided to pay his son an amount of Rs 50000 per month (6 lac per annum) to meet his son's monthly expenditure.

My query is:

Earlier the son's earning was 1.8 lac per annum, therefore no income tax was levied upon him.

is the income tax payable by the son on the amount Rs 6 lac per annum, what the son is receiving from his father for expenditure?

If yes, father is paying to his son from his earnings and father has already paid income tax on that, if son would again pay income tax on that amount then it wouldn't be double taxation or the amount received by the son from his father is tax free?


please advise.

Thanks

YASHPAL RAWAT   12 March 2016 at 19:04

Excise registration & cenvat

Respect all

Kindly suggest me

1. Whether separate -2- assessee of same group having different PAN can apply for separate -2- excise registration on the same premise if area of premises is clearly defined for each assessee with different entry gate on the same premises

2. If one assess is registered as Ist Stage or IInd stage Dealer for trading and supply material to another manufacturing assessee and pass on the duty through excisable invoice so another manufacturing assessee can take cenvat on such invoice on the same premises.