property inherited by a person is sold by him.is he liable for any tax to govt- such as capital gains, etc.,?
our company got a contract from Indian Air force, for the supply of electro magnetic equipment, whether the excise duty payable of the manufactured parts are exempt,
pleae update me on this
Dear friends ,
I have a friend in the UK and he wants to send me money for starting CIVIL construction project here in India .... Can anyone pls guide me as to what should be legal procedure including the RBI permission and the modus of doing this transaction . The money will not have to be remitted abroad and the repayment will be in indian Rs. only in India .
Can anyone pls guide me ..... my email is ravimpillay@gmail.com
regards
i wish to know whether the exemption of service tax to a principal conducting clinical research from 1-3-2007 from the drug controller of india is also applicable to the party conducting the testing on its behalf in case testing is outsourced to another party
The original Return of Income was filed in the month of April'07 for the Assessment Year 2007-08 showing a net taxable income of Rs. 2,37,660.00. However the Self Assessment tax was not paid and the Challan was not enclosed with the Return of Income. But now after the proper calculation, the taxable income has come down to Rs. 1,58,760.00. Can we file a revised return showing a lower taxable income ?
I want to know ones legal obligations when one receives gift from father [from his salary]. Gift being a house in a metro.
author : yamini
Posted On : 3/18/2008 11:20:13 AM
As per the advice of your expert yedhula
prakash garu, who has to submit G-form i.e.bond of indemnity to s.T.Authority as my present situation is purchaser showed acknowledgement that he delivered c-form to the mediator and had shown the proper endorsement for the same. But mediator blames that he had given the same to us,infact we have not recd the same and he also failed to show the proper endorsement for the same. In the present situation please advice me who has to submit G-form and is there any procedure to get duplicate C-form from that state by us( as the mediator and the purchasers were playing fraud with us)And also give clarification that indemnity bond means to indemnity the state govt. when ever it wants to collect default tax, but we are not actually liable to suffer the loss sustained in that position. So, what is permanent solution to my problem as per law in order to avoid loss in terms of money
I am not sure whether my query falls within the purview of Taxation.
My query is:
Is there any statutory limit to fix Basic Salary or in other words is there any percentage fixed to decide the basic salary.
Can an employer fix any amount for Basic (as Low as possible)
Is DA compolsary to be mentioned in the salary structure.
Regards
Abhimanyu Soni
c-form for inter-state transaction was missing, transaction took place 2 years back, purchaser mill says it was taken by mediator and has shown proper endorsement for the same, and the mediator says some cock and bull stories that it was taken by us and he promised 4months back,that he will get the duplicate from their state govt and will send to us,what further steps to be taken now in this position.
Change in PT - Gujarat
Dear Sir,
I got to know there is some change in the Professional Tax related laws in Gujarat. Can anybody brief me about the same & the new slab of PT. Could you also provide me with article related to the same.
Thank U
Chitra