Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

DEBARAJA SAHOO   11 February 2016 at 17:38

Issue of waybill in case of e1 transaction under cst act 1956

Thanks Raja Gopal Sir, But my concern is, who has to issue road permit and to whom to issue.

Regards

DEBARAJA SAHOO   11 February 2016 at 10:54

Issue of e-waybill under e1 transaction

Dear All,

Please clarify the following:

Who will issue e-waybill in case of E1 transaction under CST Act 1956 and to whom?

Please treat this as urgent.

Thanks & Regards,

Debaraja Sahoo

P JAMES VICTOR   10 February 2016 at 22:01

Attestinng financial statements

Dear Senior Advocates, i was practicing as an authorised income tax practitioner for last 15 years. Now i become an advocate. my question is can i sign or attest financial statements? If yes, which provision supports.

Ravi khanna   09 February 2016 at 08:26

Non payment of T.D.S. by the tenant

We had let out a commercial property to a partnership firm based in Kolkatta. After staying for 2 years they stopped paying rent and requested us to adjust the same against security deposit since the business was down. They promised to pay TDS and future rent if things improved. But things couldn't improve and the tenant vacated without informing us and did not deposit TDS for the financial year 2012 - 2013. Since it is the responsibility of the tenant and Income Tax deptt. has raised the demand on us how can we recover TDS from tenants to be able to file I.Tax return. We have informed tax authorities at Kolkatta and Delhi but to no avail. Kindlh advise what is the course of action we can take.

Mrunmai Deshpande   08 February 2016 at 19:05

Gift tax

I want to gift some money by cheque to my earning son. Has there to be an occasion to give this gift? Can I not give this gift without any occasion? Please advise.

ashis talukder   08 February 2016 at 12:19

Income tax-income from other sources-flat purchased

"A" - a salaried person having net Taxable Income Rs.4,25,000/- p.a. purchased a flat in Kolkata for Rs.12,00,000/- (original transaction value) on April 2015, but stamp duty was paid on Govt.Value of Rs.20,00,000/- at d time of Registration (i.e. April 2015), agreement was made before 3 yrs. Would u plz guide is there is any Tax liability?How much?What will b d procedure?Is d new sec 56(2)(vii)-INCOME FROM OTHER SOURCES is applicable? Thnx. Regds.Ashis.

vipul   08 February 2016 at 00:19

Salary related

I have joined a sole proprietorship. I have to give salary bifurcation . One of our employee is getting 35000/- per month and i gave following bifurcation.
Basic 50% = 17500
DA 10% = 3500
HRA 40% of basic + DA = 8400
Transport Allowance = 1600
Children Education Allowance = 200
Special Allowance = 3800

Actually I had bifurcate 35000/- as on random basis.

My question is whether this %age is correct or i have to follow some fixed %age if any recommended by Act....??

Monesh Agrawal   07 February 2016 at 15:06

U/s 31 in up vat

Sir
mera return timely deposit hai uske baad bhi mujhe ek notice received hua tha return submit nhi hai ka jiska jawab maine department ko de diya tha uske baad bhi mujhe ex-party order u/s 54(1)(1b) mila hai is related jb main Asstt commissioner se mila to unhone mujhse kaha ki u/s 31 me application dene ko .... So plz u/s 31 me kya application dena hai mujhe suggest kre agar iska format ho to plz provide karaye...

thanx

Rajeev1978   06 February 2016 at 17:24

Taxation in sale of property for a senior citizen

What will be the tax implication in sale of a plot of land around 35 lakhs for a , house wife & senior citizen (around 65 yrs)who is a pensioner, drawing the pension of her late husband to the tune of 1,80,000 (p.a.),which she later wants to invest in a commercial property in a years time ?

ashis talukder   06 February 2016 at 17:21

Sec 56(2)(vii) purchased a flat

"A" salaried person from Kolkata,after all deduction net taxable income Rs.425000/-have purchased a flat on April 2015 for a transaction value of Rs.1200000/-(Reg.Value Rs.2000000/-on which stamp duty+fees paid),Plz guide whether "A"have to pay any tax?What to do/procedure to follow.Thnx.
Is there any effect of the above mentioned new section? & how much?