BHARATH
13 February 2013 at 19:12

Penalty and interest

DEAR ALL

PLEASE LET ME KNOW REGARDING KVAT QUARTERLY VAT FILING RETURN HAS BEEN FILED IN TIME(15.01.2013) BUT UNFORTUNATELY STILL TAX PAYMENT(CHEQUE) NOT PAID TO THE LVO FOR RS.21000/- .

IN THIS REGARD I WANT TO KNOW WHAT WILL BE THE CHARGES TOWARDS INTEREST AND PENALTY?

RAGARDS
RAJ


Yash Dave
13 February 2013 at 19:06

80d

i am paying rs 15000/- premium for medicalaim policy of my own and i am also paying mediclaim policy premium of my father & mother who are sr citizen of rs 20,000/- will i get deduction u/s 80d of rs 35000/- for incometax purpose reply



Anonymous
13 February 2013 at 18:40

Conversation of ecb in to equity

What is the treatment of gain or loss on conversation of External commercial Borrowing in to Equity??



Anonymous
13 February 2013 at 18:24

Bill of entry

Can any one explain me...
bill of entry (trader - importer)
a BoE having:-


a.Invoice in Dollor
b.Exchange rate
c. Total a*b
d. HSS load rate 2% of c
e.Landing Charges 1% of c
f. total c+d+e
g. 5% duty charged of f
h. total f+g
i. cvd (excise duty) 12% charged of h
j. edu cess and higher cess 3% of g+i
k. total h+i+j
l. additional duty refundable 4% of k

pls explain me all these points in short.

dont post here any link.
in that only column (i) is pass on to manufacturer i.e. 12%.
rest is not passed on.
and additional duty claimed.as SAD.


CA Sahil Singla..
13 February 2013 at 18:23

Dedcution u/s 24(b) for loan

Sir

My client is residing in a self owned house. Last year he took a loan from bank & constructed another residential property which is lying vacant. Please tell me whether he is eligible for deduction of Interest u/s 24(b) for 2nd house ?


Sanjay Thomas Rebello
13 February 2013 at 18:17

Medical bill

Can we accept 1 full bill of Rs.15,000 as a 1 year consultation fee from medical practitioner (Family Doctor)as a medical bill for Income tax exempted under section 10 from our employee.



Anonymous
13 February 2013 at 18:13

Investment in cash


Hi,

Mr. X Got Rs. 50000 in CASH and now he want to earn income/Interest on it without investing the same in PAPER..

Paper means > He want a CASH payout and CASH payin

Is there any option for it ?



Anonymous
13 February 2013 at 18:09

Sales invoice & tax invoice ?


Hi

I m Confused with what is the difference between Sales Invoice And Tax Invoice?

What if Goods are exempted from Tax ? will it be a tax invoice or sales Invoice ?



Anonymous
13 February 2013 at 18:07

Interest on tds

A TDS deducted till Dec 2012 was deposited on 21st Jan, 2013 instead of due date 07th Jan, 2013.
What is the amount of Interest.

Thanks in advance


CA DIMPLEKUMAR V. SHAH
13 February 2013 at 18:05

Wealth tax on urban land

Any Land situated at Ahmedabad Urban Development Authority(Auda) with NA permission (Land which is more than 8 KM away from AMC(Abad Mun.Corpo.) Wealth Tax Applicable? What will be answar if situated within 8KM from AMC with NA permission(i.e.Non Agri Land)? What will be answar if within or more than 8 KM away from AMC but Agri land in Auda?






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