Anonymous
22 July 2014 at 16:54

Taxable amount

SIR,
IF SOME ONE HAVE YEARLY INCOME RS. 500000.00
HE HAS DEPOSITED RS. 100000.00( IN U/S 80C TO 80 CCD). RS. 20000.00 IN UNDER 80D.
RS. 50000 FOR HIGHER STUDY FOR HIS SON(80 EE)
FURTHER HE HAS DEPOSITED RS 130000 IN U/S 80 G ( PRIM MINISTER RELIEF FUND)

WHAT IS THE TAXABLE AMOUNT.

MY FURTHER QUERY IS WHAT IS THE LIMIT OF EXAMTION OF 80G ( IF SOME ONE DEPOSITED RS. 500000.00 THE NO AMONUT TO PAY AS TAX AS PER ABOVE)



Anonymous
22 July 2014 at 16:54

Vat

Dear all,




plz let me know whether VAT paid on sales can claim as a expenditure for payment of Income Tax .


Dyuna Ann Toms
22 July 2014 at 16:50

Deduction u/s 24(b)

If the house property on which loan was taken is sold during the previous year,can deduction u/s 24b and Sec 80C be claimed while computing Income from House proprty?



Anonymous
22 July 2014 at 16:42

Vat

Party A is a govt organisation. Party B(private party) has done painting and repairing work for party A. Party B raises bii as
Material 2100
Total bill 4490
Now Party A made payment to Party B after deducting TDS and Vat
VAT 4% 180/-
TDS 1% 45/-
Party B 4265/-(4490-180-45)
My question is
1) Is it the right way of deducting vat? Whether party A is liable to deduct vat,If party B is not registered under VAT (turnover<5 lakhs)? Party A said he is deducting vat on behalf of Party B and deposit vat in govt a/c
2) Whether Tds is to be deducted and on what amount?


mukesh
22 July 2014 at 16:39

Wrong display of hra

sir/madam,
i have filled itr1 for ay 14-15 in which i fill HRA EXEMPTION in income from house property as a negative (-) income of rs 14420.


what is the correct adjustment of hra in itr1 excel utility???


now what should i do???????
please Help!!!!!!


Somesh Mahajan
22 July 2014 at 16:36

Indian resident working abroad

A person who is resident in India in the previous year(2013-14) as he left India on 15th October, 2013 for UK for employment purposes. The UK government has also deducted tax on the salary earned in UK.

Now in India whether he will be charged tax on whole income (India + UK)or only on Indian Income? If he will be charged on whole income, then how the DTAA will be treat the income?


sandeep

sir,
please tell me what is a difference beween company director salary & his remuneration & what is a limit for tds deduct on director remuneration.



Anonymous

what are the necessary documents required for conversion of VAT rate from 14% to 4% can anybody help in this matter



Anonymous
22 July 2014 at 16:16

Form mbp-1

DEAR ALL,
I HAVE GENERAL QUERRIES REGARDING THE FORM MBP-1:
WHAT IS THE LAST DATE FOR SUBMITTING THIS FORM
WHETHER I HAVE TO FILE THIS FORM WITH ROC
IF YES THAN WHAT ARE THE OTHER DOCUMENTS THAT I NEED TO FILE WITH THIS FORM.
PLEASE REPLY AND THANKS IN ADVANCE.


Ashka

Dear Experts,

I have two quarries as below.

1. Can a Service tax return of fy 13-14 be "re" revised? I mean we had an service tax audit and there were some mistakes found which leads us to re revised the audit and pay out certain dues.

2. We had a works contract service for the py 13-14 but we had not shown the same in the 1st half return of fy 13-14. do I need to add any services in service tax dept to file the return or I can add the service whenever I file a fresh ST 3






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