Dear Sir/ Madam,

Please tell me what is the tax treatment of family pension received by minor in case of both parents of minor had died and no family member is major. if it is taxable in the hand of minor then whether Pan no can allot to a minor as minor can't sign any where.


Thanks & Regards

CA. Jasbir Dahiya
Cont. No. 98133-15050
Email id - cajasbir.dahiya@gmail.com

I want to know,
first, whether contractor can opt for composition scheme for one contract and on other hand for other contracts vat liability is paid as per normal procedures . Is this practice correct ?

second , What is significance of Rs. 50 lakhs turnover under composition scheme ?

pls reply as per Maharashtra value added tax act


Thanks

Dear Sir,

One of our owner to whom we are paying rent has opted for VCES scheme now he is charging ST in the current year . Whether we can take the credit of earlier yrs rent paid service tax

Sirs,

If a Pvt Ltd CO borrows from Bank and want to share the fund so borrowed with its sister concern, which is Partnership firm where both the partners are Directors in the Pvt Ltd Co,
Is it permitted by Income Tax & Company's Act ? If not so what are the consequences and what is the alternative ?

Thanks in Advance.

SIR,

I M ENGAGING BUSINESS IN IMPORT & EXPORT CONSULTANCY & FREIGHT FORWARDING & DOING PART TIME JOB WITH CONSULTANCY FIRM. Here is details of Income + Salary. Pls be advise what would percentage be applicable on my business.

SALARY - 216500

BUSINESS INCOME - 85071/-

PPF - 13500/-

LIC - 3055/-

MEDICLAIM - 1768/-

TDS DEDUCTED - 408/-

Sir,
When the service provider like M/s GATI Ltd.,M/s Blue dart who are charging service tax on full amount without claiming abatment, whereas some transporter like M/s VRL are charging service tax on 25% of freight claiming 75% as abatement. My question is
1) whether we as registered under excise should pay S.T on balance 75% which they have claimed abatement. (Reverse machinism)
2) Can we take credit of S.T. charged in those bill of M/s VRL.
3) Some transporter are not charging S.T on which i am paying S.T. availing benefit of abatement @ 75%.
Note : This is with reference to inward of goods.
Kindly clarify.
Thanks in advance

sir, in case assessee's son expired, can asseessee claim lic premium paid on widowed dauther in law?

hi friends,

when a land has been sold and the said proceeds has been invested for purchase of another land, then in such a case how can an assessee claim exemption ?

section 54F allows for purchase of only residential house property.

The land is sold within 3yrs from purchase being a short term capital gain transaction.

please help in solving this query.

Dear Experts,

I am confused to calculate interest on TCS.

For Example, I have made the following sales of Scrap in Feb14 month.

Transaction Date - TCS amount
1 feb 14 ------------- 2000
7 feb 14 ------------- 3000
8 feb 14 ------------- 4000
9 feb 14 ------------- 5000
11feb 14 ------------- 2000
12feb 14 ------------- 4000
15feb 14 ------------- 3000
28feb 14 ------------- 2000

We have deposited TCS on 9th Mar14. Kindly advice, how to Calculate interest on TCS on above Transaction.

Dear Experts,

My Client is a Trust and ITR 7 has to be filed. Our CA has submitted the Audit Report manually within 30th Sept but not filed the Audit Report electronically. What are the penal provisions? Is there any way we can file it now without any penalty?