Anonymous
24 January 2013 at 15:29

Clubbing of income

Grandmother "X" gave gift to her Grand Son "Y" (son,s son) who is a minor. The amount is invested in Fixed Deposits.
1)Should the amount to be clubbed in the hands of Grand Mother.
2)Whether Form 15G is to be submitted by "Y"
3)Is the answer is same for Daughter's Son


dheeraj kumar
24 January 2013 at 15:26

Tds apllicability

SIR

We have received security maintenance bill of 22500 from a service provider ABC Ltd. service provider has not charged any service tax on the bill.

we are a public limited company

now my consultant is saying that i will have to deposit 75% of service tax(9.27%)from my own pocket

now i have two queries

1. whether the consultant is correct in asking me to pay 75% of service tax

2. if he is correct then whether i have to deduct tds on 22500 or (22500+2086(service tax)

i will be extremely thankful, if you explain the exact concept behind deposit of service tax

thanks & regards
dheeraj kumar








B.P. SRIDHAR
24 January 2013 at 15:21

Joint housing loan

SIR,
IF A HOUSING LOAN IS TAKEN JOINTLY IN THE NAME OF WIFE AND HUSBAND, CAN IT BE WRITTEN ONLY IN THE BOOKS OF THE PURCHASER OF HOUSE. LOAN REPAYMENTS WILL BE MADE FROM THE ACCOUNTS OF THE PURCHASER. PL CLARIFY


Akshata
24 January 2013 at 15:21

Tds return

Is filing Quarterly TDS return compulsory in case of private company?
We have missed the due date of 15th Jan,is there any penalty for the same?
We have not deducted any TDS from April 2012 till date.



Anonymous
24 January 2013 at 15:11

Service tax applicability

Dear Sir,
My query is on service tax applicability.

Our company is a construction industry and taking a civil contract work.

Now we awarded contract for residential bunglow project (Single/individual owner).

Kindly confirm for this project service tax applicability or not.

Aarti



Anonymous

A Trust wants to construct a Community Hall, for which the members have declared the Donation. However the donation will not be paid at once but it will be paid in Installments .Meanwhile the Trust needs to make the payment to the Builder,for which Trust wants to take unsecured loan without interest from members or from Outsiders . The loan will be repaid out of the donation received later on .
Please guide us whether trust can take loan without permission from the Charity Commissioner or if permission required, then please let us know the procedural requirements for taking the Loan as per Bombay Public Trust Act,1950?


CA ABHISHEK TEKRIWAL
24 January 2013 at 14:59

Gazetted officer

I had applied for change in sir name in PAN card,Then I got a letter from them saying that you are required to file Certificate of identity signed by Member of Parliament or Member of Legislative Assembly or Municipal Councillor or a Gazetted Officer in following prescribed format only.https://www.tin-nsdl.com/download/Format-of-Gazette-Certificate_03082012.pdf

I wanna know who will be cover in definition of gazetted officer here??Advocate/Notary can certify or not??



Anonymous
24 January 2013 at 14:39

Interest on sop

A person gets HRA from his employer
He pays rent to the land lord
and claims HRA deduction from his salary income

Now he also owns a property in the same city.
He has acquired the property by taking loan from BAnks
Property is not let out

Can he claim both ?

Interest on SOP propery at Rs 150000/-
and HRA deduction from salary


Pratap
24 January 2013 at 14:34

Submission of form 23b

I want to know penalty for non submission of form 23B to registrar by auditor of private company if he only have 5 private company audit


Gaurish Puranik
24 January 2013 at 14:30

Service tax on transport charges

As per the GTA service, Service Tax should be paid by service receiver on Transport charges paid as a reverse charge mechanism.
Query:
If for purchase of Material VAT is paid on Transport charges then should we have to pay again Service TAx on the same as a reverse charge mechanism ???






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