ROHIT KOHLI
06 May 2017 at 13:55

Ppf and epf

SIR
MY SOME EMPLOYEE HAVE P.P.F ACCOUNT AND THEY ARE NOT READY I TO DEDUCTED FOR E.P.F ACCOUNT HE HAVE ALREADY P.P.F ACCOUNT CONTRIBUTE HIM SO GIVE ME SAGEST-ION WHAT IS ROAL FOR PRINCIPAL EMPLOYER


Rupesh Nigam
06 May 2017 at 13:51

Clubbing of income

Mr.X transfer Shares to his wife Mrs. X without consideration. My questions are:-
1. Dividend, if covered by Sec115-O will be exempt in the hands of recipient, hence no clubbing ?
2. If shares are listed and STT has been paid, no capital gain on transfer of shares. Period of holding will be from date of transfer of shares to Mrs. X or held by Mr. X.
3. If the company has paid Bonus Shares, will the capital gain on transfer of them will be taxable in the hand of Mrs. X or Mr. X and for the purpose of shares held for more than 12 months and sold in a share market where STT has been paid, period of holding for the Bonus Shares.

Thanks
Rupesh Nigam


prateek shrimali

My Question is whether the SIM card recharge distributor who are buy recharge from Vodafone company on 4% commission and sell it to other small retailers on 3.50 % ... is there is any service tax liability on recharge distributor who retain 0.50%. if service tax registration is taken by them than what is the procedure for filling the service tax return. whether it is nil return or what.


suvarna
06 May 2017 at 11:08

Fd interest

i am a salaried person and i get FD interest for fy 16-17 around 35000/- and my taxable income is above 350000/- can we get any deduction against FD interest



Anonymous
06 May 2017 at 10:39

Impact of gst on income tax

Dear Experts,
i wish to know after GST implemented what would be its impact on income tax. what rule may be amended in existing rule in income tax?

Thanks
Riya


sushil jaiswal
06 May 2017 at 09:33

income tax demand

I have filed an appeal to CIT against demand which was raised by ITO,do I need to pay tax when appeal is pending before CIT and now i have received a show cause notice from ITO for non payment of tax and asking me to submit tax?



Anonymous
06 May 2017 at 08:33

Transitional provisions and

respected sir ,
i am a reg vat dealer dealing in branded soaps and cosmotics .i hold stocks amounting to rs around 10 laks.i paid vat at 14.5 % on purchases from reg- vat dealers and i am in possession of tax invoice.so i can claim amount rs 1,40,0000 as input under transissional provisions.and all of my goods are suffered central exice at manufacturing point.iam a retailer so i do not have any invoice showing the amount of central exice then what is the procedure to claim credit under cgst.please discuss.


Sakshi1121
06 May 2017 at 03:06

Switch to composition scheme

I have a Franchise of an Ice-Cream Parlour, in which till last year I was paying Vat normally, but from current year onwards switched to composition scheme. Query is that the certification for composition was issued on 26th April, before that I charged VAT normally from customers.How do I pay that earlier tax which I charged from customers, as now I have switched to composition !


Vimal Relli
06 May 2017 at 02:56

Interest on loan for houseproperty

If I have a loss on house property and I don't have other incomes to set off it in the same year , do I have an option to not to claim interest as an expense against rental income and set off the same as cost of acquisition against capital gains arising at the time of sale of house property after 2-3 years.



Anonymous
06 May 2017 at 01:01

Shall i quit ca?

Hi !!
I am a CA final student . This May 17 will be my 11th attempt in CA finals and I don't think I'll be clearing in this attempt also. I just wanted to ask whether I should leave CA? What if I go for a career in some field other than in finance if I choose to leave CA at the age of 27?
Looking forward for a response as soon as as possible.





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