I have 3 questions:-
1. How to calculate tax on arrears of family pension recd to death employee's spouse in lumsum. Is sec.57 deduction also available on it?
2. A house in the name of assesse has died and his son do rental agreement with tenent of that house and tenent directly deposit rent in son's bank a/c(but this was not written in rental agreement), then this rental income will be include in son's income or his widow mother income?
3. If after death of his father, his son gets interest (directly deposit at his bank a/c) on loan paid by father without any agreements and/or proof etc. to someone then this income of interest will be take as son's income bcz his bank statement showing Or his Widow mother's income.
IN MY OPINION AS PER LAW AFTER DEATH OF FATHER HIS SPOUSE IS THE FIRST OWNER And THEN AFTER HIS SON, SO ALL ABOVE INCOME TO BE TREATED AS MOTHER'S INCOME AND SHE WILL LIABLE FOR TAX, NOT HIS SON AND DIRECT DEPOSITE IN SON'S BANK A/C SHOULD IGNORE.
Am I right or not?? Also explain tax treatement.
Thank You.

Hi,
I am working as an Accounts officer at a sole proprietorship firm providing software development services. Our employee strength is 60 now. I joined the company recently and i want to implement a proper salary structure. Right now only Prof. tax is deducted from salary.

How can i implement Esi, PF, and other allowances in the salary structure please advice. What are the critieria for registering for PF and Esi. And how can i show other allowances like, medical allowances, children education allowance etc from salary.

plz let me know where to pay professional tax
is it manual or on line if manual then in which office my friend is dentist and he has to pay rs. 1500/- as professional tax v fill up the form but dnt know where to pay plz tell us....

Whether we will be able to know the amount of TDS Paid with challan no, date, Major Head Code, if we are having TDS Challan.. If not, what need to done to retrieve the challan copy which is already paid previously???

Hi ,

Mr.X doing iron ore sale business....the supplying of iron ore through lorries is also carrying by the Mr.X...

1. he Hire the lorries which are using for Supplying but he did not deduct TDS........

this case is for FY 2008-09

Now he recieve one notice from DEPT.. for non deduction of TDS ...

so, please suggest me what are the further consequences.......what Mr.X to do for replying the notice.



plz reply asap...........very needed......thanx in advance for ur valuable suggestions

hi expert

I want to know the scope of Sec. 45(4)in case of firm.

(1) what is the meaning of the term used in the above section- "distribution of capital assets on the dissolution or otherwise".

does it mean distribution to
(i)partner only or
(ii) anyone ( e.g. creditor for settlement of their debt.)

by the way, as per ICAI modules, it includes the case of business acquired by the company on dissolutin of firm, except the cases where condtions of sc.47(xiii) is satisfied.

(2) what does "on dissoltion or otherwise" mean?
does it mean that - sec. 45(4) attract even in case of transfering asset by a firm , while it is in operation (i.e. not in the process of dissolution)

Hi,

I need Professional Tax Rate slab for F.Y.2011-12 for the Karnataka and Orissa State.

Thanks in advance.

Can Department now issue wealth tax recovery notice after 30 years of the AY for the deceased person who died 20 years back.

On salaried class professional tax is applicable is there any list in which state it is applicable.

vipin jha
vipinkumarjha@gmail.com

Dear sir,
i filled ITR-4 for the a.y. 2007-08 as on 15/01/2009 clam some amount of refund in self assessemnt.but i not clamed same refund from department.
now can i clam my refund today