Alex X Gonsalves
24 March 2010 at 00:54
My father a senior citizen, has interest income from Sr Citizen scheme but doesnt have taxable income, earlier while producing Form 15H would get exempted from tds u/s 197 (1c). Now I believe he will require a PAN in addition to Form 15H to get above exemption, from April 2010. Is PAN really required? He is in his mid eighties and seems reluctant to apply for the PAN. Please advice.
Anonymous
23 March 2010 at 20:16
please tell me the procedure for purchasing property in a foreign country say america or australia. how much money can be sent outside india per year and through whom. which particular act and rules i have to refer to. can the money be sent through "Money Transfer"? is there any tax to be paid.? thanks.
Anonymous
23 March 2010 at 15:06
BEING LEGAL PROFESSION IF GROSS RECEIPTS ARE RS. 4 LACs and NET PROFIT RS. 2 LAC FROM LEGAL PROFESSION DURING THE ASSTT. YEAR 2009-10 (i.e. FINANCIAL YEAR 2008-2009), WHETHER IT IS COMPULSORY TO MAINTAIN BOOKS OF ACCOUNTS UNDER SECTION 44AA OF I.TAX ACT
THANKING YOU
Gurjeet Arora
22 March 2010 at 17:06
Dear All,
I am working in private sector . Approx annual package is Rs 6.5lakhs.
I will really appreicate if some one can guide me to save my tax.
or
Guide me some heads like basic etc in which I can save some tax.
regards,
Gurjeet Arora
Anonymous
22 March 2010 at 11:10
if contractor and subcontractor both are under composition act if the contractor assigns some part of the work to subcontractor and is paying vat is even the subcontractor has to pay apvat
Anonymous
22 March 2010 at 06:38
I am a housewife and a non taxpayer. This Fy I have sold a residential plot which I had purchased 5 yrs ago.I will be seeking full Capital Gains tax exemption under Section 54F and 54EC by buying a residential flat and NHAI bonds from the entire 'Net Consideration'.My query is, since my ITR will be reflecting income and gains as nil or zero at all places, so it is mandatory / obligatory in my case to file a IT return.Please advise.
Anonymous
21 March 2010 at 20:11
if there is gross profit coming only due to credit notes which the applicant had shown in trading account.can sales tax officer can say to charge vat on credit notes.is he is eligible to say any thingh about profit except that of income tax officer.any case law
Ram
20 March 2010 at 13:10
Dear sir,
We are traders of scrapped tyres in mysore, karnataka. In Karnataka state the delivery note is to be generated by means of website.
our firm has a sister concern in bangalore, Karnataka. Since the person who looks after the office in mysore is not at all equipped with the computer knowledge, the details of delivery note will be uploaded in bangalore, printed in bangalore and the delivery note shall faxed to the person in Mysore. All the three copies ie original, duplicate and triplicate shall be faxed. Then the concerned person in Mysore will take the xerox of the faxed copies sign on the same and will be sent along with goods.
But we are fined Rs 60,000/- by the sales tax authorities stating that xerox copies of the faxed document are not original documents.
But my question is since the delivery notes are web generated, does it make a difference whether it may be first print or xerox copy of the faxed document. However i would agree that if the delivery notes were issued by the sales tax dept in physical form, as done before, then taking xerox copies of the same would have no validity. But how can it be the case with web generated forms, where the document is always present in the database.
I have decided to appeal against the order, so is there any statute defining the meanings of original documents.
awaiting for your replies and thanks in advance.
regards
Ram
Anonymous
20 March 2010 at 09:13
When I applied for a PAN card, I was staying in Pune. Noow I am working and staying in Delhi, how can I get my address and ward changed.The form for change of particulars of PAN at the Income Tax site is not addressing this requirement in totality. Also whom do I have to approach and how do I know of the relevant new ward No ( at delhi)in my case. Kindly advise.
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A query on service tax
Dear Sir,
One of our clients is a registered service tax provider registered under the category “Construction Services In Respect Of Commercial Or Industrial Buildings And Civil Structures”
He deals in works contract business. He charges sales tax (VAT) @ 2% and paying it. He charges 10.3% service tax on 33% of the value (Without VAT compliment). He engages in certain cases service tax providers who has carried out pure labor as well as Works contract and charged service tax.
The question is:
1. Whether the client can avoid the service tax paid?
2. Whether the service tax charged without VAT is correct?
Please clarify.