What is the implication under IT Act of a person receiving money on old denomination after demonetisation out of the sundry debtor balance as on 08.11.2016 ? Will it lead to criminal offence or offence under any other law ?

Hi,

Goodafternoon.

We are giving consultancy services and raising invoice monthly. I want to know when service tax liability arises if i raise invoice dated 6th Jan 2017 for the consultancy services for the month of Dec 2016. My question is what will be the due date for service tax payment in this case.

Regards

Prabir Nath

when i entry sale invoice in tally , it shows both in inwords and outwords and closing stock for this reason comes zero..plz kindly solve my problem.

Dear All,

Payment of TDS deducted on account of section 194-IA- Transfer of Immovable property other than agricultural land,
which is supposed to be paid in the Form no. 26QB is Wrongly filled in the form 280.
Kindly let me know how to rectify the same and what are the steps.
Regards,
Zoheb

Dear Sirs,

I hold a Flat jointly with my wife which is 10 years old. This was acquired partly from our own sources and balance under Home Loan. HL availed by us from bank is cleared. Only I hv been claiming IT exemption for the principal and HL EMI . We now propose to sell the same and reinvest the sale proceeds partly or fully for buying a new flat jointly with our NRI son. My son will be availing a Home loan from a bank for a part amt . Will the reinvestment eligible for LTCG exemption or will I hv to pay tax on it ?

Grateful to receive your clarification

Ram

1.APPLICABILITY OF EPF,ESI,PESION OTHER THAN GOVT, & GOVT RELATED ENTITIES.(CRITERIA)
2..WHAT INCLUDES IN SALARY FOR EPF,ESI,PENSION(APPLICABLE FOR 2015-16 AND 2016-17).WHAT IS LIMIT?
3.FILING OF RETURNS FOR EPF,ESI,AND PENSION
4.PENSION FUND IS CREATED FROM EPF CONTRIBUTION OF EMPLOYER.FOR THIS SEPARATION DO WE NEED TO FILE ANY RETURN.
5.DIFF B/W ESI AND EDLI?
6.PERCENTAGE OF CONTRIBUTIONS BY EMPLOYER,EMPLOYEE AND CG,ADMIN CHARGES FOR EPF,ESI,PENSION?
7.LIST OF ACTS RELATING TO EMPLOYEES

Is VAT applicable on replacement of warrantied items free of cost?

Dear Respected Members,
I have a query as below:
I am a Citizen of India and working in Nepal since 2013. Every month I am getting salary income in my Nepal bank account after deducting salary TDS as per Nepal Income tax rules. Every year I spend more than 300 days in Nepal.
Some part of my income I am transferring to my Indian Bank account (Resident SB Account). Out of those remittances I have made some investments in India in FD, RD, Insurance and mutual funds.
As per my understanding in Article-4 and Atricel-15 of DTAA with India and Nepal, I will be treated as a resident of Nepal and my salary income will be taxed in Nepal only and the same income will not be taxed in India.
1. Shall I be treated as a Non-resident In India.?
2. Do I need to file return of Income in India?
3. Do I need to disclose Nepal’s salary income in the return? Of need to disclose income from investments only?
4. If I am not filing return of Income in India, It there is a risk of getting notice for Indian Income tax authority to disclose the sources of income remitted Nepal?
5. What are the supporting documents to be kept ready to justify that the remitted income was already taxed in Nepal?

Hi,

I am asking If Professional person take fees and TDS Deducted.Return filing in ITR 1 or ITR 4 and we can take 80 deduction and income and expenditure a/c.

hello expert,
I have a query regarding service tax registration .I am a small service provider .During the current year my gross receipts are 8,50,000/- excluding 60000/- relating to services provided for 2013-14 ( i.e 850000+60000).Do I need to register for service tax in this regard.I follow cash system of accounting.