noor alam
11 November 2016 at 23:46
My mother have ancestoral agricultural land since 25 yrs in village at a distance 25km from city. In the month of July- Aug 2016 they sold the agriculture land in 1500000. Please guide me whether these amount is taxable or not? and also tell me how to show these amount ,my mother is illetrate house wife and have no any bank account ,is this amount credited to my father account?
Riya
10 November 2016 at 20:07
Respected Sir, Please provide me your opinions: My Client is running a business of Tax Payment Services and engaged in consultancy business having a valid Trade License, my question is he is maintaining Current Account for transaction and he use to collect cash from different client and he paid the online tax on behalf of his client such as Income Tax, Service Tax & VAT Tax. Secondly accepting of Cash and making of online payment in favor of Direct Taxes and Indirect Taxes against which he charges Rs. 50/- as tax payment charges for each transaction, is there any wrong in the above business, or is their any violation of provision of Income Tax or any other Law. Please advice me.
This case is not academic and it is very much use in practical life.
Sangeeta
10 November 2016 at 12:47
Respected Sir, Please provide me your opinions: My Client is running a business of Tax Payment Services and engaged in consultancy business having a valid Trade License, my question is he is maintaining Current Account for transaction and he use to collect cash from different client and he paid the online tax on behalf of his client such as Income Tax, Service Tax & VAT Tax. Secondly accepting of Cash and making of online payment in favor of Direct Taxes and Indirect Taxes against which he charges Rs. 50/- as tax payment charges for each transaction, is there any wrong in the above business, or is their any violation of provision of Income Tax or any other Law. Please advice me.
Abdul Jillani
10 November 2016 at 00:11
I have 27 lacs in cash, as my father was expired in sept2014 and after that we have received Rs.16lacs from SBI PPF, Rs.6lacs From LIC and Rs. 6lacs from SBI Life insurance. And I withdraw all money for marriage of our single sister. Will any problem in depositing the money back in bank.
nemish jain
05 November 2016 at 18:17
HELLO SIR,
I HAVE A TRADING CONCERN WHICH WORKS WITH CORPORATE GIANTS
THE OBJECTIVE OF OUR CONCERN IS TO BUY SCRAP FROM THE CORPORATE AND TRADE THE SAME
IN THE PROCESS OF THE SAME TCS@1% IS GENERATED.
FOR THE A.Y 2015-16 MY AMOUNT OF TCS REFLECTS TO BE 5 LACS AFTER BEING SET OFF OF TAXES.
THE REFUND WAS ISSUED BUT IT COULDN T BE PROCESSED DUE TO WRONG ACCOUNT NUMBER.
SO I DRAFTED A COMMUNICATION STATING MY CORRECT ACCOUNT NO ALONG WITH CANCEL CHEQUE
(THE ABOVE PROCEDURE GOT COMPLETED ON 1ST SEPT)
BUT STILL AS ON 5/11/16.
MY REFUND IS NOT YET RECIEVED
I APPLIED TWICE FOR E-NIVARAN, WHICH HAS TWICE STATED "ISSUE RESOLVED"
WHEN I HAVE COMMUNICATION WITH CPC THEY PROVIDE THE STATUS OF REFUND BEING
"REFUND UNDER RESPONSIVE SHEET"
I AM HEARING THIS STATEMENT FROM 2 MONTHS
WHAT SHOULD I DO NOW FROM MY END,BESIDES WAITING FOR A LONG AWAITED????
Atish
03 November 2016 at 17:17
Hello Respected All,
If the executant of a registered will is not a blood relation to the receivers in the will, then will any taxation be applicable on the fixed deposits and saving account amounts or any other such amounts mentioned in the will to the receivers after the demise of the executant? Besides the will all above mentioned accounts and amounts are jointly in all the names of the executant of the will and the receivers as either or survivor.
Regards
Atish
Shubham
03 November 2016 at 09:47
Plz reply ASAP(Income Tax Query)
I have a relative whose mother got expired in 2012.
He received a notice under Section 133(6) calling of information.
In FY 2008-09, her mother purchased a property from Mr S.
In assessment proceedings of Mr.S for AY 2009-10, assessing officer is seeking information for that transaction from my relative's mother.
In this notice, he demands complete information (purchase deed, patta etc) related to that transaction.
Now, can anyone please suggest what he should reply to the notice, keeping in mind that he don't want to disclose any information related to that transaction.
Whether he can reply it through online or there is a need to sent it by post ?
Additionally, he don't want to put his name into this, so is there any way to avoid his name.
Thanks in advance 😊
R. K. SARASWAT
03 November 2016 at 07:03
I and my wife both are Salary Earners and getting HRA. I have two houses. One house is rented and in other house my family (Wife) is living. I am living out of Country due to my employment. Can I give my house to my wife on Rent and can my wife claim HRA exemption?
srsubramanian
01 November 2016 at 17:30
My service tax refund matter remanded back to original authority adjudication officer is not taking up the matter for fresh adjudication. I have requested over letter e-mail calling thru telephone and mobile. Every tine he will say he will issue a letter for hearing but never does it. What NEEDS to be taken for quick disposal of the case.can I make out RTI application to commissioner
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Can we use used paper for accounts documents
Dear Sir,
I do not know what you thing about it after read this Query. But I need Clarification.
Recently one of my friend asked at me.
In a company can we use voucher or IOM ( Inter Office Memo)in ( one side) used paper ( availability of more (one side) used paper)
He argued with me. Any legal provision is there to restricted to do not use one side paper for IOM, Voucher , GRN ( Goods Receipt Note) etc.
I told him that is procedural aspect and will check legal provision for that.
I request you to give any legal provision in this regard it is helpful to me.
S.Raj