Anonymous
26 March 2013 at 12:54

234c

Long Term Capital Gain(other than Securities) of Rs.1000000 arised on 15/07/2012 but the assessee has paid the Capital Gain Tax of Rs. 200000 on 21/03/2013.

Whether the Interest on 234C would be chargeable on Such Capital Gain Tax or not?

In my opinion the interest should not chargeable as per following proviso

Provided that nothing contained in this sub-section shall apply to any shortfall in the payment of the tax due on the returned income where such shortfall is on account of under-estimate or failure to estimate—

(a) the amount of capital gains; or

(b) income of the nature referred to in sub-clause (ix) of clause (24) of section 2,

and the assessee has paid the whole of the amount of tax payable in respect of income referred to in clause (a) or clause (b), as the case may be, had such income been a part of the total income, as part of the 1[remaining instalments of advance tax which are due or where no such instalments are due], by the 31st day of March of the financial year:]

Please help me.... thanks in advance



Anonymous
26 March 2013 at 12:31

Booking of exp under wrong head

can any tell me what happens if a company books any exp under the incorrect head?


Vijay Raut
26 March 2013 at 12:09

Itr revised return


Pl give me advise.

I have to file return of an individual ( men- Myself) for AY 2011-12 after due date of filing on 14/03/2013 but after filing one mistake found in my return I was file my return U/S 139(1). So Pl give me advise my revised return in which U/S file ( U/S 139(5) or U/S 139(4). My other data and annual income is same.



SALONI KOTHARI
26 March 2013 at 11:50

Meaning of consultancy service

A Non Resident is providing services of language translation from french to English.Can it be recognized as consultancy service as per Income Tax Act?

Please quote relevant section for support of the Answer...

Reply as soon as possible....


Vipin Kumar Sharma

DEAR SIR,

WE ARE MFG. PVT LTD CO. REGISTERD UNDER SERVICE TAX. SIR I WANT TO KNOW TWO THING

1 WE ARE PAYING GTA ON 25% AMOUNT OF FRIEGHT MEANS CLAIMING 75% ABATMENET PLEAS TELL ME EXEMPTION NOTIFICATION NO. UNDER GTA


2 WE ARE PAYING SERVICE TAX ON 75% AMOUNT OF SECURITY BILL, MEANS CLAIMING 25% ABATEMENT TELL ME EXEMPTION NOTIFICATION NO.


THANKS & REGARDS


Nitesh
26 March 2013 at 11:35

Form 15h

Suppose if a senior citizen has a fixed deposit with a bank and it will mature in June 2013 and the total interest receivable on such deposit is Rs 10,000/- The assessee does not have any other income chargeable to tax.. Then when should one submit 15H form and what should be the assessment year to be mentioned i.e 2013-2014 or 2014-15 ?


Ganeshbabu K

GAIN OF 4 LAKHS ON SALE OF AGRICULTURE LAND..
BUT NOT RE-INVESTED IN ANY OTHER LAND

AS PER SEC 54B ASSET CAN BE PURCHASED WITH IN A PERIOD OF 2 YEARS FROM THE DATE OF TRANSFER,.
HOWEVER WE HAVE TO FILE ITR NOW,NOT YET RE-INVESTED ANY WHERE,

PLEASE LET ME KNOW WHAT ARE THE POSSIBLE WAYS OF SAVING CAPITALGAIN TAX IN THIS CASE


rohit
26 March 2013 at 11:29

80 c

WHETHER TUTION FEES DEDUCTION IS AVAILIABLE TO GRANDFATHER PAYING TUTION FEES OF HIS GRAND SON?
WHAT ABOUT MATERNAL GRANDFATHER?



Anonymous
26 March 2013 at 11:19

Debit note 7 credit note

what are the purpose/use of Dr. & cr. Note, & when it is used


Sivaramakrishna
26 March 2013 at 11:11

Calculation of excise duty on cement

Is there any special calculation for calculating Excise Duty on cement production. My client purchased cement for own consumption but not for resale. I just want to know about calculating excise duty in this regard.
Please tell me those details.

Thanks in Advance
Srk





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