Dear Sir,
I sold some equety share on 14-10-2008 through buy back and earn Long Term Capital Gain Rs. 222584 (STT not paid). My question is this should i liable to pay the interest u/s 234 B and 234 C ? it is mentionable that we can not estimate this income.
Please Clarify at earliast.
Whether DA is included in Calculating Contributions towards Contributory Provident Fund??
Is Family Pension Taxable? Also Clarified how much deduction allowed from family pension?
I earn long term capital gain for sale of Equty Share but STT not paid is it taxable ? if not under which Sec.? if yes at which rate without indexation? and at which rate with indexation? also please be advise what is the current rate of index? Also Clarified How to compute index cost?
I deliver lectures in a reputed institute.They pay me 'honorarium' as per the wording in written used by the Director of the institute itself .However there is no written contract between me and the institute.As per the Director, this is an excessive formality!!!Can the institute under such circumstances apply TDS on my honorarium? Is contract an excessive formality?This is not only my case; but a case of 43 visiting faculty members.
Please guide me in this matter.
Employees & Employers Contribution in PF is 12% Of salary.
Definition of salary in ACt is Basic Salary & Dearness Allowance.
Do Overtime is covered under the definition of salary for the purpose of PF Contribution.
If income is falling under a particular head of the income for the purposes of income tax ,Can it be dragged as deemed income under some other head for benefit of the tax revenue by the department.
Please advise
Dear All
We are executing Operating,Marketing and Technical services agreement with the Owner's of the property having Hotels.Under the agreement we are running the operations of the Hotel by placing General Manager and other managers of the department.Also the complete marketing support for Hotel is from our end.For this the Owner of the Hotel is paying a percentage of fees on gross operating income of the hotels monthwise.In the bills raised we are charging service tax.But the Owner's are disputing service tax as they were saying that the services are not leviable.Accordingly we have not deposit the service tax with the department.But now we have received notice from the department for payment of service tax.
Please advise whether we are liable to deposit the service tax or not.
We are manufacturing exicisable goods paying full rate of exise duty. We can avail service tax credit. Please tell me which credit we can avail ?
Out of Telephone bill, Bank charges, Labour charges, carriage bills, consulation fees, repair charges of machinery, manpower supplier or any other
Transfer of Property by Co-Owner
Dear Freinds,
Please advice on the transfer of property by co-owner in the Pvt. Ltd. company where the ownner is haveing the eqaul share holding in the company.
1) is the transfer of property is tentamount to sale.
2) is the transfer attract capital gain on property transfered.
3) what will be the rate of statm duty and registration.
Thanks
Nitin Gangar.
C.A