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Recent Questions

Question added Jun 09, 2011 Income Tax By CA Himanshu Malhotra , CA , West Delhi

answers

1254 views

Q. TDS on payement to france - rate of tds on consultancy fee to france company in euro

Anwered By : Vaneet Gupta Vaneet Gupta Vikash Kumar Jha CA. Sachin Data

Question added Jun 09, 2011 VAT By Krunal , CA , Ahmedabad

answers

4433 views

Q. VAT ON FREIGHT - In case of Purchase some vendors charges VAT on the total Value of Material + Freight + Loading Unloading Charges = Total Value of Material + VAT......
Can Vendor cahrge the VAT on freight amount ??? On Loanding Unloading Charges????. Under which rule, section of VAT it has mentioned that the VAT is chargeable on freight / loading unloading charges.

Anwered By : Vaneet Gupta Mrattunjay

Question added Jun 09, 2011 Income Tax By CA.Naveen Saldi , CA , S.A.S. Nagar

answers

573 views

Q. Income Tax Refund - how to get the refund cheque back which is returned undelivered for address not found. The return was manually filed at income tax office

Anwered By : Vaneet Gupta Vaneet Gupta Vaneet Gupta Vaneet Gupta

Question added Jun 09, 2011 Finance By Rajat Bhatia , CA , Faridabad

answers

746 views

Q. Trade Mark registration - Procedure for getting the trade mark registered..

Anwered By : CA VIKAS JAIN

Question added Jun 09, 2011 Income Tax By Shalu Jain , CA

answers

1124 views

Q. Foreign remittance - My query is : If some company has failed to deduct TDS @ 20% on foreign remittance and payment has been released to the client without deducting TDS in the financial year 2010-2011. Now the company has notice non deduction of tax in the next financial year.

Now I just want to clarify

• Is there any provision under DTAA that tax can be deposited now with interest for the remittance made in the month of March, 2011.
• If yes, then should the TDS amount be adjusted against any Form 15CB will be issued in the current financial year.
• What would be the rate of TDS to be mentioned in Form 15CB if TDS will be adjusted in Form 15CB will be issued in the current financial year.

Anwered By : Vikash Kumar Jha Vikash Kumar Jha CA VIKAS JAIN

Question added Jun 09, 2011 Service Tax By Krunal , CA , Ahmedabad

answers

1129 views

Q. STATUS OF LLP - What is the assessee status of LLP under different Acts?? In case of Income Tax Act it is specifically mentioned that it is FIRM but what about SERVICE TAX ACT????? VAT ACT????

Anwered By : Vikash Kumar Jha Mrattunjay

Question added Jun 08, 2011 VAT By Krunal , CA , Ahmedabad

answers

1246 views

Q. TDS under Gujarat VAT act - Please guide me in regards of above mentioned subject. As per my knowledge if two parties enters into work contract (Material + Labour) in that case the payer has to deduct TDS under Gujarat VAT @ 1 % on the total value of Material. Kindly provide me some material with meaning of this and its procedure for more understanding.

Question added Jun 07, 2011 Income Tax By sumit garg , CA

answers

746 views

Q. clarrification on head of income tax - My friend is selling products of one ltd company and he received commission / incentive for the sale of each product . His bank account effected due to this work , he got cheque from customer and deposit in his account and issue cheque to company against the sale made by him . Commission or incentive trf by company to his bank account directly after deducting TDS
So please clarify the head of income tax . Is it income from business and profession or it is income from other sources
Is the answer differ if he got cheque on the name of company and directly deposit in his account and receive commission or incentive directly in his bank account

Anwered By : Vikash Kumar Jha CA. Sachin Data

Question added Jun 06, 2011 Accounts By Krunal , CA , Ahmedabad

answers

1017 views

Q. APPLICABILTY OF AS 11 - We have purchased a capital goods from USA.
for i.e
Advance Made as on 1st December 2010
Receipt of Goods on port 20th February 2011
Clearance of Goods fro port 25th February 2011.
Invoice Date 1st January 2011
Invoice accounted on 31st March 2011.

Query :-
Which rate of exchange should i consider for capitalization of assets.
i.e. as on 1st December 2010 or 20th February 2011 or 25th February 2011 or 1st January 2011 or 31st March 2011.

How to give the accounting treatment of whole transaction??

Anwered By : Mrattunjay

Question added Jun 04, 2011 Income Tax By sanjay labh , CA

answers

618 views

Q. Income Tax assessment - assessee file his income tax return u/s44AF. I want to know AO can ask for cash book from the assessee for assessment u/s 143(3, if not then u give me few proof

Anwered By : CA. Sachin Data CA VIKAS JAIN Madhu Kiran

Question added Jun 04, 2011 Income Tax By CA Rajnish , CA , gorakhpur

answers

1042 views

Q. New ITR AY 2011-12 - can we use itr 2 for saliried person instead of itr 1 sahaj

Anwered By : Vikash Kumar Jha Rambabu Senkarasetti CA VIKAS JAIN Madhu Kiran

Question added Jun 02, 2011 Income Tax By casanjayjuneja , CA , Saharanpur

answers

1503 views

Q. 44AD - whether every traders having turnover over rs20.00 lacs is required to get its book audited if he desired to np below 8% as i interpretate the section 44AD
further whether the audit u/s 44AD will be covered under the overall limit prescribed for section 44AB i.e. 45

Anwered By : Vikash Kumar Jha CA VIKAS JAIN CA VIKAS JAIN CA VIKAS JAIN

Question added Jun 02, 2011 Excise By Abrar Hussain , delhi

answers

693 views

Q. Assessable Value - Frieght is charged by manufacturer to deliver goods at buyer's premises at buyer's risk . . . Is ths frieght to be added to assessable value in accordance with Rule-5 or not?

Anwered By : CA VIKAS JAIN

Question added Jun 02, 2011 Income Tax By Krunal , CA , Ahmedabad

answers

686 views

Q. REFUND - Up to what time can i claim my refund. i.e. is there any time limit to claim the refund? If we do not claim the refund whether my right to claim lases?

Anwered By : Vikash Kumar Jha CA. Sachin Data CA VIKAS JAIN Madhu Kiran

Question added Jun 01, 2011 Income Tax By munish , CA

answers

1536 views

Q. 269ss & 269t - unsecured loan taken on 28.01.2011 670000 on the same day repaid 47034, same day interest credited 52260 & TDS debited 5226. the question is for sec. 269ss whether interest to be considered as loan accepted and loan taken be as 722260 then what will be ma

Anwered By : Vaneet Gupta CA VIKAS JAIN Madhu Kiran

Question added May 29, 2011 Students By CA VIKAS JAIN , CA , DELHI

answers

4185 views

Q. cpe hours credit - how can I check CPE hours credit at institute site? what should I enter a login id and password?

Anwered By : Vaneet Gupta Rambabu Senkarasetti Anmol Goyal CA ANKUR KAPIL

Question added May 29, 2011 Income Tax By Abhinav , CA , chd

answers

1399 views

Q. I.Tax Scrutiny Norms - Can anyone provide me the latest income tax secrutiny norms at my mail id: abhinav.kansal90@gmail.com

Anwered By : Vaneet Gupta

Question added May 28, 2011 Income Tax By devender mehta , CA , yamuna nagar

answers

1219 views

Q. income tax - Sir, if a private limited co. files (1) a nil return (2) a loss return, for the A/y 2010-11 after 31-03-2011, whether it attracts any penal consequences in any of the two cases.

Anwered By : Vaneet Gupta Vikash Kumar Jha CA VIKAS JAIN

Question added Jun 01, 2011 Income Tax By sumit garg , CA

answers

646 views

Q. GRATUITY - MY MOTHER IS RETIRED GOVT TEACHER AND AWAILING PENSION . SHE RECEIVED RS 350000 AS GRATITY AT THE TIME OF RETIREMENT ON NOV 07 , HER GROSS GRATITY FIGURE WAS 450100 BUT AS PER GRATUITY ACT SHE GOT ONLY 350000 . IN NOV 10 , GRATUITY ACT REVISED AND MAXIMUM

Anwered By : Vaneet Gupta CA VIKAS JAIN Madhu Kiran Raj

Question added May 27, 2011 Income Tax By ANIL SINGLA , CA , SIRSA

answers

725 views

Q. when an ITO CAN CALL FOR STATMENT - An ITO has send a notice regarding certain information about whether he is assesse or not and call three years return when assesse gone to income tax office he started to take his statement Can he ?

Anwered By : Vaneet Gupta Rishabh Upadhyay Rishabh Upadhyay CA VIKAS JAIN

Question added May 27, 2011 Excise By Deepak , CA , amritsar

answers

930 views

Q. Exemption in Himachal Pardesh - One of my client wants to purchase a running pharma unit at baddi wants to know whether the balance exemption period can be granted to his new industry.
Basically he is going to purchase full plant including some debtors and some stocks. The unit is alre

Anwered By : ca nitin

Question added May 26, 2011 Income Tax By RAJESH SINGHAL , CA , JAIPUR

answers

789 views

Q. Income Tax - if i am not paid salary for the whole year amounting to 12 Lac, then will i be liabile to pay self ass. tax? and subsquntly TDS deducted (at the time of payment) then ?

Anwered By : Anmol Goyal Anmol Goyal CA VIKAS JAIN Madhu Kiran

Question added May 26, 2011 Income Tax By Govind Ballabh Joshi , CMA , Delhi

answers

795 views

Q. House property - one person have two son they construcd building to take loan from bank the owner of property their father both are can clim intrest deduction under HP

Anwered By : Vaneet Gupta

Experts Panelist

Rambabu Senkarasetti

Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 409

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Vikash Kumar Jha

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Rishabh Upadhyay

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Ashish Karundia

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Mrattunjay

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PRIYANKA

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CA. SURESH Kr. AGARWAL

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Answers Posted : 131

Vaneet Gupta

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Answers Posted : 120

Ketan Samdani

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Answers Posted : 117

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