chetan ashar
30 March 2013 at 12:48

Tax calculation for ay 2011-12

Dear sir,

my net salary income is Rs.2,78,281/- in financial year 2010-11. Also, I have income from lotteries for Rs.1,11,774/-, on which TDS was deducted Rs.33,533/- and from salary total TDS deducted was Rs.12,900/-.

Kindly calculate the tax and let me know the total refund or payable on the same, as m little confuse.

Thanks


dharmishhta
30 March 2013 at 12:36

Question on passing criteria

Hello,

I have registered myself for both the groups in May,2013 ...but i guess i will appear only for group 1 ....should this be a problem ?

And secondly i am definite about clearing group 1 - does it make sense to only give the IT/SM paper after 5 days of studies ? Will this help me to exempt the paper in Nov,2013 (Group 2 )


Deepika.N
30 March 2013 at 12:33

Karnataka vat

Sir we are a propitiatory concern registered under Karnataka VAT as a retail dealer in Garments.Recently we have brought some fabric from a supplier in Maharashtra and got the fabric processed in Karnataka by a job worker. The Job worker bills me Job work Charges. Now is there a violation of VAT rules. Should we be registered as a Manufacturer?. we are not direct Manufacturer but indirect manufacturer or Principal manufacturer. Should i show the fabric purchased in VAT returns?.

Rgds
Deepika.S.N


srinivas reddy
30 March 2013 at 12:24

Pgbp

Dear sir , if any computer using for producing article or software it will get additional depreciation .


Jivan

Dear Expert,
An assessee sold agriculture land in FY 2011-12. The said land fulfills all the condition so as not to treat as Capital Asset.
Now how to disclose the said transaction in the Return of Income. Assessee is a HUF and files his Return of Income in ITR-2.
Please guide.


K.Govindarajanpro badge
30 March 2013 at 12:13

Removal of goods

Dear Sirs
1.We have a plant at Manesar and Chennai .We are going to start supplies of components / Engine parts to Hyundai.

2. The stock transfer will be made from Manesar (Gurgaon- Haryana) plant to Chennai plant.

3.Invoice will be made at Chennai plant and delivery will be made at Hyundai.

4.The parts will be mainly bended steel tubes and packed in carton boxes will be transferred from Manesar to Chennai .
5.In Chennai Plant the goods would be unpacked and air blown on clean air work cabinet table and there after visually checked for sealing surface of flair under magnifier and if found ok then taken to the next operation and if not ok scrapped.
6.The O.K parts are checked for profile by use of profile gauge and if ok it is taken to the next operation of air blowing inside the pipe at 5 bar pressure if not ok then scrapped.
7.There after plastic protection cap is put on both ends of the pipe to avoid dust and then packing is undertaken in set of 10 in a polythene bag with an identification tag and signature of the inspector and there after dispatched to Hyundai in plastic bins
8.I need your kind advice on excise procedure to be followed from Chennai plant of the above transferred parts from Manesar plant.



Anonymous
30 March 2013 at 12:04

Transfer of articleship

Do our articleship period gets extended by another 6 months if we terminate on the grounds of medical reasons.


sanju
30 March 2013 at 12:03

Accounts proble

sir
we have given a business tour for dubai to 25 to 30 dealers, expenses accured Rs. 12 lakh aprox for tour , tour period from 1st feb to 31st may . Now we want to know , can i take provision Rs. 6 lakh as tour expenses for this year.


please sugges me about this entry .



Anonymous
30 March 2013 at 12:00

Cpt

hi i am punam. I have done my bcom my aggregate is 53% i want to do CPT, can i fill the CPT form now that is online and can i give the exam in november . pls tell me how to calculate the percentage



Anonymous
30 March 2013 at 11:59

Basics

can a minor also be taxable if he/she earns income?

is it that a super senior citizen is taxable only if he/she is a resident ?






Follow us


Answer Query