Sir, I Want To Know that If TDS Deducted From Retired Person his Pension income How He Claim Refund For Such TDS. What Is Difference If He Govt Employee Or If Private Emloyee?

sir, firstly good day for you As i want to ask you regarding my grand father property .he has a property ,and want to sell in 1,50lakh .he has 5 daughters and wants to distribute all the money b/w all of them he is no income tax assesse . he doesn't want totax payable to govt so in this circumstances what procedure he adopt. plz give me advice regarding you

I am repeating here under few provisions of Finance Act, 1994 and other statutes as under :-

Sec. 65 of the Finance Act, 1994 (Relevant to Servicetax) reads as under :-

65. In this chapter, unless the context otherwise requires,-

(12) ”banking and other financial services” means –

(a) the following services provided by a banking company or a financial institution including a non-banking financial company or any other body corporate or (Up to 31.05.2007) any other person, namely :-

(i) financial leasing services ………………………and so on …………

(14) “ body corporate” has the meaning assigned to it in clause (7) of Section 2 of the Companies Act, 1956.

(12)(105) “taxable service” means any service provided or to be provided –

(zm) to a customer / to any person (now) by a banking company or a financial institution including a non-banking financial company or any other body corporate or (Up to 31.05.2007) any other person , in relation to banking and other financial services.

Sec 2(7) of the Companies Act- “body corporate” includes a company incorporated outside India but does not include –
(a) corporate sole;
(b) a co-operative society registered under any law relating to co-operative societies and
(c) any other body corporate (not being a banking company………..)

Query - On the basis of above definitions, (1) Whether a co-operative bank (co-operative society) is out of definition of body corporate and the co-operative society is exempted from service tax being a body corporate so far as banking services are concerned by exclusion through definition or
(2) Is it covered by terms ‘any other person’ or ‘commercial concern’ and liable for service tax..

Is Amount gifted, is Exempted from Individuals Taxable Income?

I HAVE FILED MY IT E RETURN (Tax Audit Case) FOR ASS.YEAR 2009-10,CLAIMING REFUND OF Rs. 35000/-. IN 26 AS ENTRIES FOR TDS ARE TALLIED BUT NO REFUND ISSUED BY THE DEPARTMENT TILL DATE, (I HAVE CHECKED THE STATUS OF REFUND, where no record found ) OR ANY INTIMATION RECD.HOW CAN I GET THE REFUND AND WHAT WILL BE THE PROCEDURE ?

Hi, Could anyone please tell whether Postal Life Insurance is exempted from tax or Not. Thanks

What is works contract tax??which persons are liable to pay?also,what are its rates applicable?

Dear experts, plz provide me the conceptual knowledge about TCS & it's applicability.

-DEAR EXPERTS,

I HAVE GOT POSSESSION OF FLAT (COST 20 LACS) IN FY 2009-10 WHICH WAS BOOKED IN FY 2006-07 AND PAYMENTS WAS MADE AS PER THE WORK PROGRESS OF THE BUILDING ACCORDING TO AGREEMENT.BANK LOAN IS ALSO AVAILED .

I have sold 12 YRs OLD FLAT(COST 7 LACS) AT ABOUT Rs. 18 LACS in Sep-10.

As per my belief No Capital Tax will be attracted as the date of possession of new flat is within a year from selling of old flat.

Kindly confirm and also quote case laws.

THANKS & REGARDS

AS PER PAN CARD DETAIL I SUBMIT MY IT RETURN BT WHEN I WANT TO PRINT FOR E FILING RETURN ACK , BY GIVING correct PAN WITH DOB BUT A MESSAGE RECD THAT WRONG PASSWORD. HOW CAN I PINT ACK TO SEND AT CVC BANGLORE?