This Query has 2 replies
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
This Query has 3 replies
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
This Query has 2 replies
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.
This Query has 5 replies
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.
This Query has 2 replies
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
This Query has 3 replies
I have income only from the FD interest.
Which ITR form (ITR-1 or any other) should I use to file my return?
This Query has 3 replies
What is the rate of property tax on rented property generally not in particular for any municipal corporation ?
This Query has 2 replies
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
This Query has 3 replies
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.
Captial gain on family settlement