Dear All,

My TDS was deducted on salary under Section 194J , 194H & 194D in A.Y. 2009, 2011 and 2011, which I have not claimed yet, can I get TDS or not?

If yes then how it will be possible ??

Please help me !!

Dear Sir / Madam,
I kept fixed deposit in co op bank in my father name and my joint name as either or survivor for senior citizen benefit but bank deduct tds on my father pan number I told deduct tds on my pan is it possible as per income tax rule please give advice me.

Thanking You

I am a member of NSE. I usually give some collaterals to my clearing member for taking exposure in FO segment. I like to give approved Liquid funds for Liquid part of collateral rather than Bank FD, as I get some tax benefits in the Liquid funds than Bank FDR. Also, at the end of every 6 months, I should submit my Networth statement to NSE. I should calculate my Networth using L C Gupta method, which is as follows



Format C-1A

Method of computation of Networth as per Schedule VI of SEBI (Stock Brokers and Sub-brokers) (Second Amendment) Regulations, 2013 / Dr. L.C. Gupta Committee Report

The method of computation of Networth as prescribed by Schedule VI of SEBI (Stock Brokers and Sub-brokers) (Second Amendment) Regulations, 2013 is as follows:

Capital + Free Reserves

Less: Non-allowable assets viz.,

(a) Fixed Assets

(b) Pledged Securities

(c) Member’s Card

(d) Non-allowable securities (unlisted securities)

(e) Bad deliveries

(f) Doubtful Debts and Advances*

(g) Prepaid expenses, losses

(h) Intangible Assets

(i) 30% of Marketable securities


All my share holdings like Reliance, Tatasteel, shares would be categorised as “Marketable securities” and I reduce 30% of those value from my Networth. Similarly I did for my holding in liquid funds like, ICICI Liquid fund, L&T liquid and Axis Liquid fund (ISIN INF109K01Q49 , 11537287 , INF917K01JH1). But One person from NSE Called me and told that I should not categorise these liquid funds as “Marketable Securities” because they are not traded in market. Only ETF are “Marketable securities”, Instead I should reduce all the value of my investment in mutual funds as “ (d) Non Allowable Securities (unlisted Shares). “. If I do that my Networth would become lesser than the eligibility criteria to be a member. Therefore, I am forced to invest in Bank FDRs instead of Liquid funds in order to maintain my Networth.

I kindly request you to tell me whether these liquid funds (ISIN INF109K01Q49 , 11537287 , INF917K01JH1) are “Marketable Securities”? This would help myself and my TM friends to a great extent!

Thanks
A Swaminathan

Sir, I am provide service to a company for selling its product in market in very low Salary/Profession charges who give me payment after deduction of TDS under section 194J. Please guide me which ITR form as well as mentioning business or profession code may be filed for claiming refund.

Dear Sir,
I am working in private company from last six years. This year I have resigned from the organisation and whatever increment I get they have all the amount in my special allowance in order to reduce pf as well as gratuities.
My CTC is 13.8 lakhs without any variable and basic is only 34 000. Do we have some govt rule to challenge this?
Except me all other employees has higher basic even they have lower ctc.
My new company giving more than double basic around 66000 with annual CTC 16 lakhs.
Please let me know who is correct?
In my personal view my company is playing with my salary just to reduce my gratuity.
Please let me know if we have some rule by govt to define basic salary of any employee.

Regards,
Vineet
9960749149

Hello,
I have rental income as my source.Apart from that I also agricultural income and I received some amt from "rythu bandhu scheme(a scheme to hepl farmers)" from Govt.Whether the amt received under the said scheme is taxable? If yes under which sec & head?If no,why?

I am planning to buy a mini CNC machine to be used occasionally in making small components in my proprietorship company . Is it necessary to get IEC code for importing the machine costing less than 1,00,000? It is doubtful that other than this I will import . I have GST registration.

Is it possible to change the date of deed?

Hello sir, I have mentioned the date 5th July on deed but I will get stamp paper tomorrow so will there be problm if there is difference in the date?

Dear Experts, we have purchased a lorry in April-2013 for transporting of goods for business purchase only. Also
we have not taken any ITC of Excise duty & VAT.

Now, today we want to sale this lorry while taking benefit of Notf. No. 8/2018 Central Tax (Rate) dtd. 25-01-2018.
And the depreciated value is less than the consideration. (Sales Value = 4,15,000 and Depreciated value = 3,24,000).
Should we charge any GST on this supply?

Kindly guide us.

Rakesh Sharma