Anonymous
26 April 2013 at 21:58

Treatement of donation

can a religious trust use the donation received by him for a programme organised for celebrating birthday or the samadhi day of their guru, where only the deciple of the guru are allowed to attend the programme and they are paying for the cost of the programme.
Can a trust who has having 80G registration, and the donation received by it is exempted (50%) in the hand of doner, can deny the permission to general public to attand the programme without paying the amount they are charging for the cost of the programme organied by the trust. They claim it as inhouse programme but using the donation received from the general public by them.


Kashyap

I have kept deposit with the bank where i fail to provide PAN, hence bank has deducted TDS @20% and bank are denying for giving TDS certificate.

Now my question is,

1. How I claim the TDS amount which is deducted by my bank.

2. Is there any specific form to claim such types of TDS.

3. What can I ask to my bank for a documentary proof of deduction of tax other than interest certificate.


CA Gyati Gupta
26 April 2013 at 21:31

Promoters liab

sir/madam
would the promoter continue to b liable for pre incorporation contracts in case company adopts them after incorporation bt doesnt enter into fresh contrCts!?


laxmikanta

Dear sir/madam,
I am working in a firm which is a authorised service station of tata motors but recently we have got more authorisation of wabco india ltd. and ZF steering gear india ltd. previously we maintain one series for sale bill against sale of tata motors parts but now we have to maintain three series.

My question is how can show these three series in wbvat return and what is the rule regarding this issue?

Pls help me with this



Anonymous
26 April 2013 at 20:41

Restaurant billing

one of restaurant given a bill.
calculation is
Rs.1000.00 foods
Rs. 150.00 vat@15%
Rs. 49.40 service tax@4.94%
Rs.1199.40 Total Bill Amt

Is above calculation right or not..?

I have confuse on ST & VAT on same thing.
kindly solve my confusion...



Anonymous
26 April 2013 at 20:36

Home loan deduction

I have a house property I bought in 2004 for Rs. 40 lacs with the help of a home loan of Rs. 30 lacs. In 2008, I refinanced this loan basis the market value of my property at that time through another bank, i.e. took a loan of Rs. 65 lacs against the property value of Rs. 80 lacs in 2008 and paid off the first loan. If I sell the property now, I know I can include the interest I paid on the original loan of Rs. 30 lacs under cost of acquisition while computing capital gains. Though the law is silent, to be fair the interest I include in cost of acquisition should be over and above the interest I claimed as deduction u/s 24. My question is, can I also include the interest on the second loan of Rs. 65 lacs (over & above the interest claimed u/s 24) in my cost of acquisition? If so, is there any judgement or guideline etc. supporting this? If not, will I not be understating my cost of acquisition as no interest on loan after 2008 will be included?



Anonymous
26 April 2013 at 20:23

Restaurant billing

one of restaurant given a bill.
calculation is
Rs.1000.00 foods
Rs. 150.00 vat@15%
Rs. 49.40 service tax@4.94%
Rs.1199.40 Total Bill Amt

Is above calculation right or not..?

I have confuse on ST & VAT on same thing.
kindly solve my confusion...



Anonymous
26 April 2013 at 20:20

Peace meal distribution

I could not get the concept of Higher Relative Capital Method in partnership account..Can any one make me concept clear?


MOHD AFROZ
26 April 2013 at 20:08

Income tax payable u/s 143(1)

The AO has computed income under Section 143(1) and found less tax paid by Assessee under section 140A. The Assessee has paid Tax and Interest demanded u/s 143(1)through internet.The Assessee is Individual.

My Query is:
After the payment of interest and tax, return need to revise or there is no other requirement because demanded amount u/s 143(1) has been already paid.


Nikhil Khandelwal

Can a Chartered Accountant seize book of accounts of client. Please refer any particular section of any act which prohibits him from doing these. Please also assist on Chartered Accountants Professional Ethics. Whether retaining/Seizing the books of accounts of any client is allowed by the ethics

Read more at: https://www.caclubindia.com/experts/ask_query.asp





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