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Anonymous   07 February 2010 at 16:28

HUF

Hi, Can anybody please advise on the following:
1. as to whether a family comprising of husband(self), wife & 2 minor daughters be considered as an HUF?
2. whether Declartion regarding corpus & constitution of HUF by Karta need to be on stamp paper & whether the same needs to attached while making the PAN application?
3. Whether the income earned by HUF as dividend & capital gains in shares transaction be considered as HUF income or income in the hands of the karta if he is offering services in his individual capacity as a portfolio manager?

Avinash Kedia   07 February 2010 at 12:46

Classification of Commodity under VAT law

Whether baby craddle will come under the category of TOY?

SUBHASH SHARMA   05 February 2010 at 23:11

UP VAT

ONE OF MY CLIENT HAS RECD ONE NOTICE U/S 54(1) UP VAT ACT LATE FILING OF VAT RETURN.

HE IS LIABLE TO FILE QTYL RETURN AND HE HAS FILED RETURN

QTR DUE DT BUT FILED ON

I QTR 20/07/09 16.10.09
IIND 20/10/09 04.11.09

KINDLY SUGGEST WHAT SHOULD I DO

THANKS/REGARDS

Anonymous   05 February 2010 at 14:37

tax exemption for stamp duty & registration.


Hi

is the amount paid for stamp duty & registration on purchase of new flat is eligible for tax Rebate?

SUBHASH SHARMA   05 February 2010 at 11:28

TDS ON SERVICE TAX SHOULD BE DEDUCTED OR NOT

I HAVE RECD ONE BILL OF COURIER CHARGES FOR

SERVICE CHARGES RS. 10,000/-

SERVICE TAX RS. 1,030/-

TOTAL RS. 11,030

TDS SHOULD BE DEDUCTED ON WHOLE AMT 11,030/- OR IT SHOULD BE DUDUCTED ONLY ON RS. 10,000/- KINDLY SUGGEST.

THANKS/REGARDS

SUBHASH SHARMA
M-9891338895

Manish Kumar Gupta   05 February 2010 at 11:24

non-involvement, n prosecution in customs duty evasion cases

Dear All

Can anyone suggest/provide me the draft for
“Undertaking by the company for non-involvement, non prosecution of any of its senior Members in customs duty evasion cases”.

Thanx in advance.. please provide..

Manish

Tejas   04 February 2010 at 18:06

income tax practitioner

If someone could give an opinion ....

I am assisting an i-tax consultant as an employee ..since last 4 years , I have the educational qualification ....represented before assessing officer - i-tax.... I want to get myself registered with i-tax department as a practitioner ....can I do that and how ??

Also I earn some commission income as a part - time insurance advisor....

If I get registered with the I-tax department as a practitioner ... will I have to stop my insurance business or can i continue both .... please help ??

vishwanath   04 February 2010 at 17:20

advocate engage in other profession

dear sir,

i am a sales tax practitioner practising in mangalore, karnataka. i have recently completed my law and awaiting results. once i get registerd as an advocate can i do the work of giving vat audit report which in karnataka could be given by sales tax practitioners or CAs.

Further i would also like to know any firm of tax lawyers who engage young lawyers. there are no lawyers engaged in taxation in mangalore except a few tax practitioners. i would like to work for any reputed firm which has lot cases in Tax matters particularly relating to indirect taxes such as VAT and also which engage in filing writs in court regarding constitutional validity of taxation. Salary/Stipend would no be a criteria. Any comment would be really appreciated.

Regards



Vishwanath

Anonymous   04 February 2010 at 00:08

Query

Hello Sir,
A is selling a land(45 years old) to B. Value fixed by the registration dept. 1.5 cr. But actually being sold at 3cr. A is asking for white sum, but B is not ready, since he wants to save on registration charges, which is around 20% (both legal and illegal expenses) of the sum. For 1.5 cr it will be about 30lkh and for 3cr it is about 60lkh. On the other hand A does not wish to take cash (black) due to fear. How cash (black) taken will be converted in to white? Or what should I do? Shall I scrape the deal? Thanks

GIRISH AGRAWAL   03 February 2010 at 22:48

HOW DOES CALCULATE RELIEF U/S 89(i)

A SALRIED EMPLOY’S RECEIVED SALARY FOR F.Y. 2009-2010 OF Rs. 2,99,510 AND ALSO RECEIVED ARREARS FOR FOLLOWING FINANCIAL YEAR..

F.YEAR ....... SALARY.............GPF
2005-06 ... ... 11,952.00 ... ... 1434.00
2006-07 ... ... 46,096.00 ... ... 5532.00
2008-09 ... ... 16,720.00 ... ... 2006.00
2009-10 ... ... .6,064.00 ... ... .728.00
... ... ... ... --------------------------
... ..TOTAL......80,832.00 ........9700.00
... ... ... ... --------------------------

RECPECTED INCOME TAX EXPERTS:-

1. IS DEDUCT GPF RS 9700 BEFOR
CALCULATION OF TABLE A FORM 10 E ?

2. IS DEDUCTION RS 9700 OF U/S 80C ?

3. PLEASE GIVE ME A BETTER ADVOICE?