RANJAN DEY CHOUDHURY
16 December 2015 at 08:32
Our department is permitted to rebate only for 10% of the total amount of HRA drawn during the FY. My query is How much amt will get rebate in tax and upto what extent. Is our department is correct. Please clarify.
priyanka a. mundada
15 December 2015 at 15:03
NEED ONE SUGGESTION FOR INCOME TAX REFUND FOR AY 2015-16-
ONE PRIVATE LTD COMPANY CONVERTED INTO LLP AS ON 02.12.2014, BUT MY CLIENT HAD NOT MERGED THE BOOKS OF ACCOUNT AND ALL BANK TRANSACTIONS WERE CONTINUE IN PVT LTD ONLY.THEN FOR 31.03.2015 HE HAS SUBMITTED BALANCE SHEET FOR BOTH PVT LTD (FROM 01.04.14 TO 31.03.15 - NIL BALANCE SHEET) AND LLP (FROM 02.12.2014 TO 31.03.2015)
AFTER THIS ALL, BEFORE TAX AUDIT HE HAS CLOSED HIS BANK ACCOUNT OF PVT LTD COMPANY AND THEN FILED RETURN WITH REFUND OF RS 450000 AROUND. NOW THE REFUND CHQ. IS ISSUED IN THE NAME OF PVT LTD COMPANY.
MY QUESTION IS-
HOW TO CLAIM REFUND OF THAT PVT LTD COMPANY??
Sonia
14 December 2015 at 14:28
We have a property of 25 cents which is in the name of my father in Kerala.
My father passed away and we haven't changed the name to anybody as it is.
Now we have a members of three includes mom,my brother and me as the successors.
As per my moms decesion,she wants to change the name of the property to both children equally as she is ready to relinquish her privilage in the property and wants to make a gift deed (dhananishchaya aadharam).
She wants to settle all the things on her presence.
My brother is an overseas citizen and i am settled in Bangalore.
I want to know that
.does we have any gift tax while receiving the property?
.For inheriting the property,is there any wealth tax?if so,what will be the percentage?is there any exceptions?
It is an urban area not rural.
.Is it applicable to the overseas citizen?
Kindly help me on this matter.
Regards,
Sonia Antony
Vee kay kapoor
13 December 2015 at 08:39
Whether NOC from Income tax department received for closure of Group Gratuity scheme A/c with LIC OF INDIA can be used for dissolution of irrevocable gratuity trust of a statutory body which has been dissolved by an act of parliament and has paid all Gratuity dues to its members. Kindly clarify.
Surya
13 December 2015 at 00:34
Dear sir
I am working as a contractor with some companies. 1 company has booked tds but not given payment what shud i do.
sharad
11 December 2015 at 12:35
custard powder
baking powder
corn flour
drinking chocolate
cocoa powder
instant drink flavoured powder
food color (powder)
above items are vat rate in gaujarat vat act please reply
nitasha
10 December 2015 at 23:13
What is tds ?Explain the working of tds in computation of income tax liability.
yagnesh dave
10 December 2015 at 19:47
OUR IS JOINT VENTURE FIRM SUPPORTED BY JOINT VENTURE AGREEMENT CONSIST OF THREE PARTNER IE 2 NOS PARTNERSHIP CONCERN & ONE PVT LTD.THEY HAVE CONTRIBUTED CAPITAL AND INT ON CAPITAL@12% AS PER JOINT VENTURE AGREEMENT CLAUSE IS SHOWN AS EXPENSES IN P L A/C U/S 40(B) OF THE I.TAX ACT UNDER SCRUTINY ASSESSMENT THE INCOME TAX OFFICER HAS ASSESSED AS AOP STATUS & DISALLOWED INT PAID ON CAPITAL TO PARTNERS.
WHETHER THE INCOME TAX OFFICER IS CORRECT OR NOT PL EXPLAIN ME BRIEFLY WITH SUPPORTING CASE LAW FOR STATUS ASSESSED AS AOP INSTEAD OF JOIN TVENTURE & INT DISALLOWED ON CAPITAL
MANOJ
10 December 2015 at 16:36
Dear Sir
Maharashtra Government has announced its decision to exempt business organizations having turnover below Rs. 50 Cores from the levy of LBT , from 01st August 2015 onwards.
The newly introduced exemption is turnover based.
The company is having its registered office in Pune within Pune Municipal Corporation ( PMC ) limit.
All its Business (Manufacturing Plant ) is outside PMC area.
Address on both MVAT Certificate & LBT Registration certificate is that of Corporate office.
Before 01.08.2015, the company was paying LBT on purchases for our Corporate office.
No LBT was paid for purchases for plant as they are situated outside PMC.
Currently purchases for Corporate office are below Rs.50 cr.
Sale invoice are raised from respective plant situated outside PMC area.
There is no sale from Corporate Office.
Turnover of company for Maharashtra ( under MVAT ) is more than Rs.50 cr.
Sir , Can anybody please let me know whether co. is liable to pay LBT.
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Gift tax
What is the percentage of tax that will b levied if I was to gift a part of my property sales that I have inherited from my deceased husband to my sister's kids