Shakir Najfi
31 December 2017 at 15:45
Sir
if recurring deposits mature in 5 years, how much is the tax liability..?
Stephen
30 December 2017 at 08:04
Dear Tax Experts,
I got retired few years back, however this year FY 17-18 I undertook certain professional work as contract, while this contract was completed I was paid contract money after deducting 10% tax. Post this I am currently engaged with another company without any contract etc as work from home part-time work with amount being paid monthly and no deduction of tax (as amount received is <= 10K) Now while filing tax return which forms to be used and also can I claim 50% exemption by clubbing both contract + Work from home earning as professional income without maintaining a/c books.
Appreciate your advice with pros and cons.
Thanks
Stephen
B.Chakrapani Warrier
29 December 2017 at 11:49
Absolute right in land is changed to undivided right in land. Whether this change will be treated as relinquishment of right as per section 2(47) of the Income tax Act,1961
Vithal. Upari
28 December 2017 at 17:47
Dear Experts
Case Facts : One of the partner of XXXXX Gold ., who collected money from 3000 persons and in return he gave gold during the time of Demonitization period now he has collected almost 6 Cr and same has been deposited in firm's current account. Notice of Income tax U/s 131 has been received by him for further clarifications where he initially told that he collected 4 Crores and later he admitted 6 Cr after documents produced by IT. Now on the prosecution part -who ultimately held liable ? Is it a partner ? or Firm ? If partner alone then on what grounds he will be convicted ? if firm is not then on what ground it also be part of conviction or mere penalty is sufficient ? Whether prosecution can be on all partners or on a partner ? Please read this case along with Sections 276, 277 and 278B of Income Tax Act 1961. If any relevant citations please do share...
Please suggest..
Regards
Vithal
Nandukumar Kamat
26 December 2017 at 16:32
Dear Sir,
In Pvt ltd Company we have debit the Director Travelling Exps in Profit & loss A/c. Director Travelling expenses include domestics & international. The company have a GSTIN. The Credit card in the name of Director not in the name of Company. The Director book flight tickets through yatra.com and not mention the GST no. of Company at the time of Booking & make the online payments. After15 days we received the Credit Card bill & make the payment from Company to Credit Card Company. The credit Card bill for only Travelling Exps. In the GST Return (GSTR-3B)-July to November-2017, we have not given in any details in GST Return. Now we want to do quarterly Return of GSTR-1 for period July To September-2017. Should I give some information about the expenses of Travelling in GSTR-1?
Telephone Exps.--Can we take the Credit of SGST & CGST in GSTR-1&3B return.
MTNL Telephone Bill on the Name of Company.
Company Received Commission against Sales/Service Provided through third party.
Company not register under GST.
Any GST impact on commission received
Company Turnover is less than 2 Lacs
Please advise in above matter as earliest.
Thanks & regards
NNK
T.N.REDDY
25 December 2017 at 18:52
i have sold my plot of land which is meant of residential, and sale proceeds of such sale was invested in another residential house property ( this is my third residential house property) within a period of one year. so, can i be qualified for exemption from capital gain tax. If, so, under what section, kindly advice.
S.K.Goel
20 December 2017 at 16:42
My son went to USA for higher studies in Aug 2008. He completed MS in Dec 2010.
Since JAN 2011 he is doing Job there.
In SBI NRO account conversion , he has to write date of becoming NRI.
What should be the date ?
SKGoel
dhanasekhar
19 December 2017 at 21:22
Dear sir/ma'am
I am dhanasekhar from Nellore working in chennai at private organisation, the quarry is regarding my father dues in commercial tax office, actually my father is a civil contractor he was worked till 2007, he was expired in 2011, we received a notice from commercial tax office from GUDUR, that to my father s name showing Fromm 2001 to 2004 he has to pay 7.00lakhs amount of tax to the government, this notice was received on 17th Dec-17. We don't know what actual matter regarding this. Where we have to pay or they attach our property.
They gave 7days time period. Pls suggest what to do, whether this dues applicable after this much long to the deceased person family members.
raju chandwani
18 December 2017 at 19:17
I have purchased a shop from Jabalpur Development Authority (JDA) in Jabalpur (M.P.) in the year 1992, as per the conditions Rs. 1525/- per year Lease Rent is fixed to be submitted. I have paid till 2010 my lease rent but due to my ill health I was unable to pay the lease rent. Now the Development Authority has send me a notice to deposit the Lease Rent along with GST since 2010.
Kindly suggest me is reasonable or not, if not kindly provide some material to produce in front of the Authority to correct the same.
Thanking you,
Regards
Raju Chandwani
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
income tax
Sir
If I take non secured load from 1. friends
2. blood relations, is there any tax liability and what papers/ formalities I need to keep ready. Do I need to mention them in tax return. I'm an officer in ESIC (central government).