hello sir/madam
my name is mahesh i want to start a kirana/general stores so what is the percent of tax i should pay after starting the shop

An assessee is resident in India as well as in Australia as per respective countries' financial years. He has stayed in australia for more than 183 days in their financial year july-june. He earned salary in Australia. Tax has been paid and return has been filed in Australia as resident.

As per DTAA he is resident in India on the the basis of rule of his personal and economic relation. However I am confused with the interpretation of Article 15(2) of DTAA where it states that 'income may be taxed in the other state if the employment is exercised.'

Kindly guide me whether his salary is exempt in India.


Thank you

Amruta

I have purchased a residential land 10 years before for 8 lacs.

I have enter into an agreement to sell the above property with someone for Rs.45 lacs and i received advance payment of rs.12 lacs.

The purchase had not paid the remaining amount and I have forfieted the above Rs.12 lacs.

Now will Rs. 4 lacs (12-8) will be taxable to me as capital gain????

We have filed Form 1A for name availability with the DIN of two directors, now one director wants to retire and add his wife as director whether there is any need for NOC or any other procedure for filing incorporation forms - 1,18 & 32

Kindly help at the earliest
Thanks in advance.

1) If i am using Software license can i shown it as "Asset" ?
2)How do i calim depreciation for the License as per IT Act and rate of dep if applicable ?

Hi All,

I have claimed interest on loan taken from few of our relatives for construction of house through bank.

I have submitted the certficates received from them for interest and loan taken signed by the lendor.

My employer is not accepting it and they are not allowing the deductions?

I have gone through sec 24(b) and furnished the certificate as per the Act.

Can employer has the right to overrule the Act? can they disallow by saying it is a company policy matter?

Thanks
Anand

Hi, we have received advance towards the govt. project awarded to us. later on project has been given to someone else and BG has been encashed by contractee for realisation of mobilisation advance paid. we had paid service tax on amount of advance received. now can we do.adjustment of service tax paid. and what will be treatment if service tax liability has been created in books and not paid till date. thanks in advance.

amendments applicable for may 2014

please tell me the coconsequences. if gmcs 1 is not completed within 1 year.

Whether a deduction available under section 80C for payments made towards a loan from employees' Co-op Society