visu
15 September 2012 at 22:33
Folks,
Pl. share with me the service tax notification in respect of exemption given to truck/lorry owners who gets the hire income by letting the lorry/trucks to goods transport agencies.
Adv.Ashwini Khatri
11 September 2012 at 21:02
Dear Experts, Can an advocate who is in taxation practice not doing court practice become a TAX RETURN PREPARER ?
Suresh. S
11 September 2012 at 20:57
Hi all,
A salary certificate for Rs. 25000/- per month was issued to me by my company.
Inspite of myself crossing the tax limit, they are not deducting any tax and
also the company mentions that since no TAN is taken they cannot issue. but
TAN number can be done in 24 days. The company is two years old now. Also
the company when asked for Form 16, they told me to work as consultant which
cannot be since salary is received and salary certificate has been issued
by company. Moreover they are evading tax and the company is supposed to
deduct tax for such income. Even as consultant, they have not deducted
tax this month (August) over 30,000.
Moreover i have to submit Form 16 to IT department too. The company is
supposed to deduct and pay to Govt quarterly and not doing so.
The Income Tax department has recently started checking on companies
that disallow TDS and Form 16 to employees where these employees are actually
salaried person and the company disguising these employees as consultants.
The IT department is serious on this issue and till now I have not received
any mail with regarding to section 146(i) from the IT department and I do not
understand what this section means.
Now for the company to comply to guidelines and to make it better, i need
suggestions based on the above facts to get Form 16. I was thinking of
putting forward a letter to IT department for their help in this regard. IF i do
put a letter, will it affect my job as company will come to know of it or
can the IT department itself can query on the company to pay tax and issue me
Form 16? I had filed ITR returns, but for home loans most banks ask Form 16. Can you help me on this matter? How to make company comply to issue Form 16 to me?
Thanks, all
Suresh. S
Saurish Shetye
11 September 2012 at 13:50
In 2011, there was an amendment to section 9 of the Income Tax Act 1961. Section 9 is related to 'income deemed to accrue or arise in India'. This amendment was done after the landmark verdict of the Vodafone case. Want to know how this amendment can be proved unconstitutional?
D.G. Mohan
09 September 2012 at 20:54
Ours is partnership firm. We transport goods by vehicles to other cities within state. They do not give any consignment note and we pay the freight charges through our vouchers.Charges vary from Rs2000 to 4000. Do we have to pay service tax and how much? Please clarify.
Sathish
09 September 2012 at 20:12
Hi,
What is the VAT % (Tamil nadu) for BLOWER ASSY - AIR COND,FR suppling to car manufacturer (used in car)
kindly specify with commodity code
Regards
Sathish
Waquar
09 September 2012 at 15:21
Dear Sir/Madam,
We are 10 partners & leased a land of 110 acre in village planted "POPULAR TREE" & vegetables in that farm house & selling these vegetable in local market.The "POPULAR TREE" will be of 100 lacs afters five years that would be sold to the market. Is profit will be taxable in nature or exempt.
Please clarify how is it taxable or exempt with example.
Will be thankful.
Will be waiting for the prompt response.
Thanks & Regards in advance.
pooja dedhia
07 September 2012 at 16:03
how to do the accounting in the following case?
ABC has taken a flat for L & L for the 3 years . He has made the THE Furniture & fixture of Rs.15 lacs in the rented premises.
in such case , when L & L is expired some of the fixed assets are useful which can be move to other place & used,but some are not useful as it is fixed to the floor.
how to show in the book of accounts?
Dayal R Kundani
07 September 2012 at 13:20
Agricultural implement is exempted from Entry Tax.
Wish to seek clarification on the "Agricultural Pump Sets" which are falling under the head of Agricultural implement.
The pumps are sold through distributors and dealers and are not directly sold to the end customer
Under such circumstances whether the exemption is not available to the Dealer who brings in such pumps for further sale in the state.
Objections are being raised that exemption is available only when they are sold to farmers directly, which in a normal trade scenario is difficult to have sales depots to cater to such individual farmers.
Request clarification to address the matter.
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