I am a 30 year old guy and have been offered an option to join as a consultant or a regular employee in a company.
The CTC in both cases is Rs.13.2 lakh per year. I assume that as a consultant there are few deductions and therefore, the take home salary is higher as compared to regular employee.
The company has just started their India operations so they do not have a proper break up of ctc except divided into basic, hra , medical and special performance allowance and no PF contribution.
Can you please assist me in computing the tax liability for both the cases and which option should I choose?

I HAVE RECEIVED WROTH rs 25,00,000 IN MY SAVING BANK ACCOUNT THROUGH CHEQUE, WILL INCOME TAX WILL CREATE ANY PROBLEM? OR DO I HAVE TO GIVE REASONING FOR THE AMOUNT ? I HAVE NEVER FILLED MY RETURN IN ANY PREVIOUS YEAR?

DO I WILL GET ANY NOTICE FROM INCOME TAX DEPARTMENT?

PLZ HELP URGENT.

I have PAN card in my name as individual. Now I want to associate this with my Proprietorship firm, of which I am the Proprietor. Can I attach my PAN card number with my firm or do I need to apply for a new PAN card for my firm. Please reply asap. I would be very thankful.

I file tds return and lost the receipt any procedure to get duplicate copy?

Can an Educational Society give salary to its Director for the services he renders to the society?

Will it be allowable as an expense to the AOP?

Please reply.

One Co. is not pay the TDS on interest income on FD from bank,which above 10000.
Explanation given by them is that Director of Co, is holding the share of bank.
Then its valid?
There is anyother situation when co. not deduct the TDS ?

Sir,

I have two residential house.

1 is used for self residence and the 2nd one is let out.

as per the Wealth tax provisions. Under section 5(iv) one house is exempted.

and Under 2(ea) (i) (4) it is given that house let out is also exempted.


so, for me both the residential house are qualified for exemption under Wealth Tax Act ???

I had purchased 4000 shares of a Ltd.company during October,2011 for Rs. 2,40,000/- (@ Rs.60/- per share). Out of which, I have sold 2000 shares for Rs. 4,80,000/- @ Rs. 240/- per share (Being STT already paid). I thing the LTCG is exempted. But can anyone advise me as how should I value the unsold shares 2000 in my hand for income-tax purpose?

If an assessee is doing the business of buying and selling vacant plots, will service tax provisions be applicable?

Please reply

Hi Experts,

I have a query. I need to pay tds(late filing penalty) u/s 234e but no bank is accepting the challan. They say upload it by online. In online it is asking for code we cannot find code 34e. How to pay the penalty under sec 234e (tds)