VIJAY SHARMA
10 June 2014 at 09:48

Captial gain on family settlement


Namaskar,

Sir, we have need you expert advise on a matter of excess payment of Income Tax.

Sir, under a “Family settlement” we have transfer share from one family member to another family member and on this transaction we have calculate capital gain and paid tax during financial year 2008-2009 and we have assessed under section 143(3) before March 2012.

Sir, now we have came to know that this capital gain under family settlement transfers is not taxable. Hence we seek your esteemed advise in order to get back tax deposited.

Kindly help us.

Thanks & Regards

Vijay Sharma
Phone # 9871653355, 0124-4125795


raina goyal
07 June 2014 at 09:56

Tds on transporter and forwarder

Dear Sir

My company is a logistics service provider. From one vendor we receive Transportation bill and forwarding bill also. I receive 2 separate bills.
Do we have to deduct TDS on both bills or only on forwarding bill and not deduct TDS on transportation bill.

Kindly reply

Raina



Anonymous
06 June 2014 at 18:38

Tds deposit by a 3rd party

Dear Seniors,

Can a TDS liability for a particular month of ABC Co. Ltd. make deposit by a third party (Any individual, any Company & any group Company) from their bank account. If yes, is it attract any problem from any point of view.


Gangadhar
04 June 2014 at 16:28

Tax

How do i save payment of Tax as a Salaried Employee, Please any one help me in this regards & provide any attachment for reading


Thanks.


Paul
04 June 2014 at 16:14

Tax question

Can you help me in this little question

a client/individual is supposed to receive some referral fee for a consulting job overseas.

the company is deducting corp tax of 20% in UK from the fee received by the client/individual in India. and they would remit the balance along with a copy of tax deducted being sent for records.

will this tax deduction of 20% by the UK company as proof is enough for the indian entity to file tax that has been paid in UK or is there any other taxes that the indian entity has to pay.or any indian IT dept will ask him to pay?

as he has already being taxed by the payee overseas,

can you help in this matter.


Paul.


CA Chandrasekaran.S.R
04 June 2014 at 10:39

Income of spouse of nri

KINDLY LET ME KNOW
1.DO THE SPOUSE OF NRI BECOMES NRI AUTOMATICALLY?
2.WHAT IF SHE HAS INCOME FROM TERM DEPOSITS INVESTED IN INDIA OUT OF HER SPOUSE'S FUND IN INDIA


ANKIT
03 June 2014 at 13:34

Which itr form to be used?

I have income only from the FD interest.
Which ITR form (ITR-1 or any other) should I use to file my return?



Anonymous
01 June 2014 at 12:12

Property tax

What is the rate of property tax on rented property generally not in particular for any municipal corporation ?


NISAR AHMA WANI

Sir I am a taxpayer in FY 2012-13 AY 2013-14 my employer deducted me tax from my salary and e-TDS was not done by my employer up to 07 Apr 2014. Now e-TDS are done by my employer now I want file my ITR AY 2013-14 to claim my excess TDS. Is I should penalise by tax department



Anonymous

Dear
My sister Sulekha kumari modi had 2 F.Ds in SAHARA INDIA COMMERCIAL CORPORATION LTD (Receipt No. 38110510247 38110510246) of Rs 10000/- each. On 31/12/2013 when we went to Bhowanipur branch to get the maturity amount we came to know that a hefty T.D.S has been deducted from both the F.D’s. This information has annoyed us a lot. When we asked about the T.D.S they told us that from 2009 till 2013 i.e. for four years they are deducting T.D.S from the F.D’s, the amount of T.D.S is (4871+4871) i.e. Rs 9742/- from both the F.D’s. In these years we did not receive any kind of intimation about the deduction of TDS. Again when I go through the 26AS there also no update regarding these TDS. Kindly guide me what to do. Please do reply.
1) No TDS certificate provided till date.

2) No update in 26AS.






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