Sir,
A non-statutory query letter is received by a school from Income tax department for entering into financial transactions through AIR - Non quoting PAN u/s 139A(5) & 272B of the Income tax Act, 1961. The department is asking for the school's PAN and the copy of ITRs filed. Copy of letter is attached herewith.
Here, I would like to submit that the school don't have a PAN number as it is run by an association and the said association is having PAN. But the Association is not filing its Income tax returns. This association is solely made for chariatable purposes which consists of about 600 members. Members are elected as President, VP, Secretary through election after every two years. It is registered with Registrar of Firms and Societies since 1977. This association or school is not registered u/s 12A of IT Act.
My query is :
1. How shall I reply. Shall I submit the PAN of Association and also submit that no ITRs are being filed?
2. Whether Income from School, which is solely used for chariatable purpose, is taxable for the association. Isn't any exemption available?
3. During last three years the school is showing huge profit as the maximum part of the income is spent for extension of school building which is a capital expenditure and which increases the value of Asset (Building). A very less amount is left with as cash-in-hand and bank balance in the end of financial year. That way the Association will have huge tax liability. How to tackle with the situation? Please guide.
Vijay Rajpal
26 October 2015 at 11:32
Hi, My name is Vijay Rajpal and I am staying at Mira Road (E), in Ashish Complex, Sukh Arpan Building and the society follows the rules of allocating the car parking to the member and in the AGM meeting held in September 2015 I have proposed the society to change the rule either to rotational basis or First come first basis.
Is there any way or rule as the builder has not provided any parking space to the society the society is using common area as parking area.
Kind regards
Vijay
Ramanathan
26 October 2015 at 10:54
Dear Experts,
Thanks for your valuable advice!
Please advice how can I find out the Bank is going to the Court to get Non Bailable Arrest Warrant against me?
As the Bank or Court will issue Notice or summons to me before filling?
As I am informing, I am ready to pay the committed amount but I need 2 months time.
Please advice.
Thanks & Regards,
Ramanathan
Meghna
26 October 2015 at 10:26
Sir i will file a divorce.me and my husbnd are agree for a mutual divirce as i love someone else.but now my family members are trying to get me into jail at any cost.is it pissible?and they are treatng me in a very cheap way.so may i file manhani case against them?
Mukesh Kumar
26 October 2015 at 09:33
pls suggest any change which i could do in this ..i am planning to send notice to Den Broadband..and what is next step after this..
Den Broadband
In RE: Non – refund of payment made against broadband connection
Dear Sir,
This is to bring to your kind notice that I had subscribed from you broadband connection for a consideration of Rs 2840 paid in cash vide your CAF No. *********.
I have applied for broadband connection in the name of Mukesh Kumar (Mobile No. **********) on address *************************** Delhi – 1100** on 26th Aug’2015.CAF No. for my application is *********.I have requested you for cancellation of my request for broadband connection on account of overcharging from your executive and wrong commitment. I have reported the matter related to overcharging, refund of payment and wrong commitment to you several times (complaint no. IP363859 on 29th Aug’2015 and IR373631 on 2nd Sept’2015 through customer care call and two e-mail on 16th sept’2015 and 20th sept’2015 which I am attaching).In spite of all my pleadings you have not made any efforts to refund my money which is indeed regrettable and highly unbusiness like. Finally on 1st Oct ’2015 you replied on e-mail saying you could not able to contact me on my mobile number and asked for alternate number. This is strange and beyond any truth.Infact in all these days I was in calling from same number to your executive Abhay pleading to return my money.On 30th Sept’2015, just one day before receiving your e-mail your executive Yogesh Mishra called me from Mobile No. ********** and spoken me in intimidating language and dare me to do anything. Alternate number has already been provided to you on 2nd Sept’2015 through customer care call and on 16th Sept’2015 through e-mail which is just below my name. In all these days I was trying through various ways to have reply from you regarding refund but there was no reply from you.
On account of your aforesaid dereliction of duty and failure and neglect to rectify the same I have suffered losses and mental trauma. You are hereby finally called upon to
1) Return the money paid against broadband connection including overcharging of Rs 275/- (Total Amount Rs 2840).
2) Pay compensation for loss suffered due to your negligence in the sum of Rs 10,000/- within 30 days of the receipt of this notice.
Failing which I shall be constrained to initiate against you for redressal of my aforesaid grievances and recovery of the aforesaid amount such proceedings, both civil and criminal as are warranted by law, besides filing a complaint under the statutory provision of The Consumer Protection Act,1986 exclusively at your own risk,cost,responsibility and consequences which please note.
Place:
Dated: Signature
glen@goa
26 October 2015 at 09:14
A development agreement along with Power of attorney is executed and presented on 15-1-2015 between a family and a developer kept ADM and registered on 16-1-2015. Post registration, in the document one family member is shown represented by another member of the family by a Power of attorney by reason of disability, this p.o.a is not registered but notarized (blood relation) interestingly this notarization is dated 16-1-2015, Assuming the acceptance of such presented document itself is a grave mistake (?) by the registrar***, is this document a valid document. In the document executed and presented on 15th and registered on 16th Does the member representing the disabled member have the power. Is the document valid
***(fact is 'the document presented on 15th is altered to replace the disabled member with a representative on 16th).
JAVED AFZAL
26 October 2015 at 08:54
A poor lady (Petitioner) filed application under 125 CR.P.C and the learned court granted interim maintenance but the husband(Respondent) not paying the Interim maintenance amount. Please guide me what shall she do now or she has to file execution petition or what is the procedure to get interm maintenance from her husband.Now the case is on prosecution evidence
Adv NAND KISHORE SINGH
26 October 2015 at 07:10
My self purchase a piece of land in the year 1984 my cussing brother has sold half of the land saying my right can I get back my total area of land through cancellation of deed
JAIME
26 October 2015 at 01:41
Once a Court frames issues and examination of witnesses is done is it by argument that the issues are proved? is each issue discussed through argument or all the issues are to be argued on the same day? Thanks.
Joint property ownership with rights of survivor
Dear Sir,
I and my wife own a property in common.
I now want that after my death, the property is automatically transferred in my wifes name without will or probate.
I understand tenancy in entirety is the remedy.
Please advise.