Anonymous
11 July 2018 at 16:05
My employer wants me to sign an agreement which has a stipulation that " The X shall be solely liable for the payment of past, present and future central, state and local levies, direct and indirect taxes, duties if any..."
Q. How do I avoid liability for PAST transactions? Is there any section or provision under contract Act which can come to my aid. That such a clause/ stipulation if incororated wrt past liability which has not culminated would become void because of uncertainity etc.
Yog Raj Wadhwa
11 July 2018 at 13:22
Please inform whether the fees waiver granted to Teacher's children is taxable under Income Tax Act as perquisite in the hands of Teacher and is there any limit on the no. of children. What is the amount to be added for the purpose of Tax.
Similarly whether the fees waiver granted to poor children is taxable in the hands of their parents.
Are there any cases decided on the issue.
Somsuvra Mukherjee
09 July 2018 at 20:41
Respected Experts and my learned friends,
A partnership firm consisting of two partners (father and mother) used to render service of manpower. Adjudication of CCE resulted to levy of tax amounting to Rs. 30,00,000 for 2008-09. Appeal was preferred before CESTAT. Rs 3 lakhs paid. One partner died in 2010.Partnership ended as only one partner. Business stopped almost 99 % . Second partner also died in 2013. Business completely stopped. Appeal is pending. Received notice to appear before CESTAT. Matter referred to Division Bench of CESTAT.
Is the legal heir liable to pay Service Tax ? Business didn't exist after 2010 . i.e death of first partner.
If a lawyer appears, on whose power and whose behalf he is going to represent the matter as SCN issued on the partners in 2009 and appeal was preferred in 2010.
Should the lawyer represent the case suo motu on behalf of the legal representative as he has received the notice to appear a few days back on behalf of his deceased parents ?
But substitution has not yet taken place and legal heir is not yet in the record of the tribunal.
Legal heir didn't enjoy any estate of the deceased except a bhk flat and some cash.
What will be the stand.
Respected Experts, Kindly share your views.
Mohit Soni
05 July 2018 at 21:51
If I have received income by issuing debit note to customer against customer deny to give C form in this regard I have to pay GST on this income.
Anonymous
03 July 2018 at 18:14
My communication address (Delhi) in office (education deparment) is diifrent from my permanent address (where my family lives, Jind, Haryana). Can i give the rent receipt of permanent address for the HRA exemption.
A RAMESH
01 July 2018 at 08:44
honoraium income tax which section
Anonymous
28 June 2018 at 21:12
I AM WORKING AS VICE PRINCIPAL OF DISTRICT INSTITUTE OF EDUCATION AND TRAINING, SALEM
I received honorarium to taking training class in IN MY OFFICE
MY DOUBT IS HONORARIUM TO TAXAABLE INCOME
Anonymous
28 June 2018 at 17:20
an acquaintance engaged a contractor to build his office. he deducted works contracts tax from the payment but didn't deposit it with the concerned authority. therefore he doesn't have the certificate.
now the contractor is asking for either the certificate or the remaining payment.
our concern is:
1. if he does not pay the tax within a stipulated period, what is his liability to punishment?
2. since its not yet paid, whom should that deducted amount be paid to - the contractor or the authorities?
3. if he gives the remaining amount to contractor and not to the authorities, and ultimately the tax is not paid, what is his liability? would it double up?
4. how can he ensure that he doesn't have to pay the amount?
Anonymous
28 June 2018 at 15:23
my friend engaged a contractor to build his office. he deducted works contracts tax from the payment but didn't deposit it with the concerned authority. therefore he doesn't have the certificate.
now the contractor is asking for either the certificate or the remaining payment.
our concern is:
1. if he does not pay the tax within a stipulated period, what is his liability to punishment?
2. since its not yet paid, whom should that deducted amount be paid to - the contractor or the authorities?
3. if he gives the remaining amount to contractor and not to the authorities, and ultimately the tax is not paid, what is his liability? would it double up?
4. how can he ensure that he doesn't have to pay the amount?
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Income tax on long term capital gain
Dear Experts,
I have purchased a house in August 2017 , cost of house was 22 lacs.to purchase house loan of 17 lacs taken by me from OBC. I have sale out a plot in February 2018 ,sale amount is 12 lacs which was purchased by me in 2010.purchased amount was 5 lacs.
I have deposited 12 lacs rupees for my home loan which I got after selling a plot.
My query is that I have to pay any tax or not for long term capital gain.
Thanks and regards
Raj