SYED MAHABOOA PASHA
06 May 2013 at 14:22

Tax liability

Sir,

One Mr.Saravanan has deposited with his current account a sum of Rs.17 Lacs in the month of Jan 2012 and transfer the amount immediately to his wife's S B a/c as down payment to purchase a flat in her name.Since she is a Govt.servant,eligible to avail a Housing loan on immediate process.Both are Assessee . The sources of amount is partly from the sale of his father's ancestral properties for 8 lac and partly from sale of his own property for 6 lacs and partly from the personal savings and Chits for 2.9 lacs. Now the doubt, Is there any liability will come on the part of Mr. saravanan as High vale transaction {He only deposit the amount with his current account as one time payment and tranfer the amount to his Wife's S B account}Mr.Saravanan is a retail trader of confectionery items and paying tax accordingly if there is any liability ,what ever is earned as net profit. Please carify


bunti shaw

i am working in govt organisation.
i am getting medical allowance & reimbursement. for the last month i have admitted in hospital. and my medical bill is 55000. i am eligible to get the reimbursement from company. plz can u tell me this reimbursement will be taxable or not.if it taxable than how much? advice in this matter.


Manju
06 May 2013 at 14:09

Din & srn number lost

Dear Experts....

A pesron has applied for DIN number 3 months back, but now has lost both DIN as well as SRN number. Can we track the DIN number through PAN number or any other personal details of the person?


swapnali
06 May 2013 at 14:03

Icwa inter group

Can Anyone tell me to clear icwa inter which group should be cleard first? i am working as accountant in co. so can you tell me the study plan & reference books for inter group II?


shashank

HOW MANY MAIN OBJECTIVES HAS TO BE INCLUDED IN MOA.


Ramaswami Thondikulam
06 May 2013 at 13:49

Tds under section 194a

Dear Sir,
What is the threshold limit upto which TDS is not deductible under section 194A for financial year 2012-2013

Regards,
Swami


devdatt mishra
06 May 2013 at 13:44

Nri income and tax in india

Dear Sir,

I am working in nepal and my company has transfer my salary in my account in india. Now let me clear ,

1- is my income is tax free in india, which i am geting salary in nepal but it is transfered in my indian a/c by company.

2- Can i mention such salary in my return as income from salary in other country? is my all income which is earning in nepal is tax free in india??

3- Can i get any tax benifit if i will transfer my salary my self in my indian bank account? and if the company will transfer my salary, can i get any tax benifit ?



Anonymous

Can any one suggest me best reference book for general and commercial (CS EXECUTIVE) with easy language and easily understandable?


omkar sawant
06 May 2013 at 13:31

Form submissin 109

i have completed 6 months of articleship and wish to take transfer.thus i have taken form 109 signed by the princial on 6 th may 2013....now what is the next procedure regarding submission


harsh
06 May 2013 at 13:28

Mining expense treatment

If a company has received mining rights and has not started the operations yet. So in that case how should the expenses incurred before the commencement of operations be treated? Should it be shown as expense or under WIP?






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