HI
I AM ABHIMANYU KUMAR FROM PATNA
I ASK A QUESTION ABOUT INCOME TAX RETURN
FILLING.
SIR KYA HAM INCOME TAX RETUNS FILLING
PICHLE 3 YEARS KA KAR SAKTE HAI KI NAHI
AGAR HOGA TO USKE LIYE KYA PROCEDURE HAI
PLS TELL ME
MOB. NO :- 9334701010

Dear Sir,
In case of individual contractor's payment, tds should be deducted at 1%, however deductor is deducting at 2.27%.
Whether there is penalty for deducting at higher rate, though it is being done by deductor in govt. revenue interest.

Please clarify .

Hello Everyone,
I want to resolve the doubt that if an assessee doesn't claim depreciation on asset used in business & Profession(However it's Mandatory)for several years say 10 years & now sells that & claims indexation,capital gain & all that what would the accurate Tax Treatment?
Thanks

What is the application fees for getting IEC number.

Hello,

One of my client has taken technical service from foreign co(European). Payment is made directly to the co and service will be provided in India by the employee of the company. Questions are
1) At what rate TDS to be deducted?
2) What will be exchange rate while paying the TDS?
3) Is there any DTAA with Europe?

To: Caclubindia.com

Dear Sir,

Sub: Clarification regarding maturity proceeds of UTI-ULIP Plan 1971.

********
I am 62 years of age. I had joined the above UTI – ULIP Scheme on 25-01-1999 with an annual contribution of Rs.7,500/- for a period of 10 years. Every Year after taking a sum of Rs.510/- towards insurance the balance was invested and units allotted accordingly. No insurance amount was taken for the remaining 3 years as per the scheme. Further they have also allotted only Bonus Units periodically. No dividends so far.

Now the above scheme matured on 25-01-2009,but I am continuing in the scheme to reap the benefit of better NAV and maximizing my returns.

UTI -ULIP 1971 is not a Equity linked scheme but having Debt and equity ratio of 60:40. Hence I fear that there will be long term capital Gains tax but we can have the option of indexation benefit. I presume that the Bonus given periodically is also subject to the same tax treatment.

If now, when I redeem the Units, what will be my Tax implications and if at all any,how it is to be calculated.

kindly clarify at your earliest.

Thanking you,
Yours faithfully,
V.ARUNACHALAM
25-06-2013

One of our employee has retired last year...Now he is working as associate with marketing firm and having income that of commission on which TDS Has been deducted u/s 194h. In addition he has interest income from bank on fixed deposits..

My question is which return form he should submit for AY2013-14.

Kindly clarify the matter at the earliest..!!!

Can income be offered voluntarily by filing return declaring income under section 115bbe by paying 30% tax to avoid penalty?

Please reply.

Sir,

While calculating the threshold limit of 10 Lacs for taking registration for Service Tax, which figure should i consider?
a) Is it the value on which service tax is charged @ 12.36% i.e. 40%of total sale value including service charge?
OR
b) Is it 100% i.e. total sales including service charge?

Please help.

Dear All Professionals,
Kindly Guide Me,

There is a pvt Ltd company with 2 directors who are the subscibers of MOA , As we all know subscibers to MOA are deemed shareholders, but in my case those 2 directors want share certificates to be issued in their names, Kindly suggest whether franking of same required for pvt ltd co in punjab,if yes procedure for same, further is there any form to be uploaded with mca to intimate them or any other legal formality to give certificates to director shareholders,

Request you all to give your inputs