SHREEPAL LALWANI
16 July 2014 at 14:59

Residential status

Sir,

One of my client gone first time foreign for employment on 2nd Feb 2013 and return back to India 31st december 2013.

What is his residential status for f.y. 2013-14 as per income tax act? Whether he will be counted as resident and ordinary resident or resident but not ordinary resident?

tell me also taxability of income earned in foreign.


Manjot Dhodi
16 July 2014 at 14:58

Capital gains on sale of old gold

Please advice if my father who is 76 and has no other income sells old gold procured prior to 1981. The amount received after sale is 800,000 then how much tax will be imposed per capital gains. Also is there any rebate that can be expected.


ratan kumar banka
16 July 2014 at 14:52

Inv 5

Dear Sir

One pvt. ltd company received share application money before march 2011 and still pending for allotment as on date can the company is liable to file the form INV 5 and the same company received the notice from ROC please explain the procedure

regads


NITIN DAYALJI DAVDA
16 July 2014 at 14:48

Bank interest

Generally TDS at the rate of 10% is deducted by bank on interest if it exceeds Rs.10000, but if a person comes in to 20% slab of income tax if he adds the bank interest into his annual salary income, then what is the option available for him? I have seen many cases that even a person has a taxable income, he fills form 15G to avoid TDS on bank interest and income tax department hasn't taken any actions against them yet, it shows that an honest taxpayer has to suffer a lot.



Anonymous
16 July 2014 at 14:16

Re-registration of articles

Dear sir,
I am in first year of articles. I took termination on
10th july 2014. My registration of articles is on
10th october 2013.
What is the time limit for re registration of my articles?
Can i register after one month. Does my final attempt will postpone if i register after one month?
Please help me. Thank you



Anonymous
16 July 2014 at 14:14

Law book

heya can anyone tellme that any good author for ca final law with companies act 2013 amended as law book by munish bhamdari sir is not available till now and i am having my exam in november 2014........please help its a little bit urgent...........



Anonymous
16 July 2014 at 14:12

Tds

I had querey regarding TDS on which Amount should be calculated...
For ex: 194c states TDS for Contractor is 1% & 2% respectively.if payment in excess of 75000 P.A.,
my doubt is how to consider this point and how to make TDS.
That means After exceeding 75000 only i should deduct TDS.,
Please clarify me this point.,
THANKS IN ADVANCE



Anonymous
16 July 2014 at 14:07

Service tax liability on paint work

Dear Sir,

I Received a Bill of Rs. 61,600/- for paint work in our company, and the vendor give the Bill without any service tax, as he does not have any service tax no. should I have to pay service tax under reverse charge?????

Thanks
Tarun Sharma



Anonymous
16 July 2014 at 13:47

Reverse charge

what is origional work under work contract? is renovating bussiness primises is origional work laible @40 % Servise tax in composit scheme or 60 % as repair & maintainance


Rajesh
16 July 2014 at 13:31

Needs clarification for it expert!,

We have got possession of our house in FY 2012. To calculate income from house property we have made a calculation sheet indicating Rent Received, Interest Paid for FY 2012-13, FY. 2013-14 and Total Interest paid in pre-construction period. We have divided pre-construction period interest in 5 parts and now we are calculating income from house property as: Income= (Rent-30% of Rent) +Interest Paid to Bank in Current FY + one fifth of pre-construction period interest. This total we are claiming in ITR-2 as income from house property. As there is no provision to attach any paper with ITR, is our method of filing return is in order?






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