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P.ESAKKIMUTHU   10 July 2017 at 12:09

IT on chit fund amount

Whether income tax is chargeable for lumpsum Chit fund amount taken in auction for periodical monthly payments already paid and payable.if so to what extent

Anonymous   08 July 2017 at 17:53

Regarding gifting of equity by parent to son

i would like to know the following, Kindly respond.
1. What is the process for gift of Equity held by parent to son?
2. what are the tax applicability?

Raj   08 July 2017 at 14:05

Reporting inherited property and income on tax return

If someone has inherited property and money (bank deposits) as legal heir via court issued Succession Certificate, does this inherited property and money need to be declared in the India ITR filing for that year?

Thanks,
Rajesh

Debashis   07 July 2017 at 23:56

e filling of itr

My salary of March 2016 is credited to my account on April 2016. I have shown the March salary in ITR for AY 2016_17. Is it wrongly filed ITR as the salary income is credited in April? Should I include this income during my ITR AY 2017_18M?

jyotirmaya behera   06 July 2017 at 17:26

Regarding gst

i want to now implementation of GST and its problem in present time.

Sir / Madam

I am you post paid consumer since long time. You provided the service for the month of june 1 to june 30 and the rate of TAX was 15 % in that period. Today I get my postpaid bill for the month of june where you imposed 18% tax which is illegal for the following reason:-

1- You provided the service for the period of june 1 to june 30.

2- In june 1 to june 30 the rate of the service tax was 15%.

3- You may generate the bill in month of july but you cannot impose the tax (GST) retrospectively.

4- The GST come into force from 1st july onward and nowhere it is mention that the enforcement of GST is retrospectively.
now what will be the answer 15 % or 18 explain with reason?

Anonymous   05 July 2017 at 16:21

Regarding e-filing / filing of income tax return

Sir, Could you please detail what is the purpose of Filing IT RETURN , As I have no Refund in my FORM 16 Or not deducted Excess Tax.
So, should I File IT Return , and If I do not File IT RETURN what are the possible Negative situation I can Face or arise?
I am an Employee of Private Limited company situated in Jharkhand.

Thanks
D.Karmakar
mail:- karmakar.debu@gmail.com

Gopal Soni   29 June 2017 at 09:13

Excise duty and royalty

hello sir
A govt company selling coal to another company and raising bills and getting payment accordingly from the period between 2011-13 without imposing excise duty , and from 2011 Finance act made amendment and imposing Excise duty on coal , but the concerned company has not added excise duty on sale between 2011-2013 and now company has given notice to the purchasing company to pay differential amount on account of Excise duty ,,, Wht to do plz suggest

Gajinder Singh Bedi   28 June 2017 at 08:36

Vat in haryana

Can an unregistered dealer of haryana under VAT supply goods to haryana govt. department. What will be the liabilities of the supplier and what documents the department will need.

Kishor   26 June 2017 at 10:45

I t return

Mr. A is India born individual, and now a citizen of USA.

Should he file his I.T. Return in respect of his income in India ?

Jatin Suneja   23 June 2017 at 13:56

Liability for a package of medical services under gst

An eye surgeon is carrying out eye surgeries and he charges Rs 20,000 per patient as a package which includes charges for intra ocular lenses,some medicines during and after the surgery and his own service charges. Since medical services are exempt under GST but it is a composite service as he is also providing intra ocular lenses and medicines for the surgery . His annual receipts are about 40 Lakh rupees.Whether he has output liability under the GST for intraocular lenses and medicines provided?