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Sushant Panigrahi
17 April 2009 at 07:40

VAT Liability

Pls Help me on this situation
1) I had registered for MVAT on 30 Mar where my turnover was rs 8.5 Lakhs
2)My turnover limit had exceeded on Oct 2008
3)what will be my mvat liability to pay
i.e a) 850000*4%=34000
b) 350000*4% (850000-500000)=14000
and whether the input credit on purchase can be taken in to consideration while paying mvat


Manish
17 April 2009 at 01:29

Joint Account and Taxes

Hello,

My wife and I are planning to move back to India in the Jan 2010. In preparation, we transferred money from a joint account in US to an bank account in India, which has my name as first applicant, and my wife's name as second applicant.

We have one joint bank account in US where both of our US salaries gets deposited.

Instead of leaving the the transferred money in the NRE account, I went ahead and requested the bank to open many NRO FD's. Some of the FD's got matured and the bank deducted TDS @30.9%. After my wife and I both submitted our PAN card the bank has notified us that going forward TDS would be @15%.

Now, we are in tax filing season, and I was doing research on filing taxes in India (I came from India to US at time when I need not file taxes). I realized that the bank would issue form 16A only for me and not for my wife. That means only I would be filing taxes for this year. The fact of the matter is that half the interest income we received from NRO account belongs to my wife. What can I do to correct that.

I am not worried too much about the 2008-09 year, what can I do to make sure that going forward half the money in our NRO account belongs to my wife so that she gets her separate income from interest and files taxes individually. (I probably find myself in this situation because I assumed that India would also have something equivalent of "Married Filing Jointly" as in USA).

Any suggestion would be highly appreciated.


Ravindra Ranjan
17 April 2009 at 01:06

Calculating maximum articles leave

I passed CPT in Feb 2007 and joined articleship from 25th March 2007.

The articleship is to continue for 3.5 years ie to end on 25th Sept 2010.

For the above period sir can you tell me the maximum leave i can request from my principal to study for my final exams due in Nov 2010

Thank you


Shri.P
16 April 2009 at 23:07

kindly help..........

Both my date of transfer and date of sign are 15.4.2009... Im really perplexed is it wrong?????...


BALASUBRAMANYA B Npro badge
16 April 2009 at 22:38

IMPORT EXPORT REGISTRATION details..

I WANT TO KNOW THE PROCEDURE FOR IMPORT EXPORT REGISTRATION.


WHERE WILL GET FORM AND WHERE WE HAVE TO DO THE REGISTRATION..



THANKS


Shri.P
16 April 2009 at 22:34

urgent..............

My transfer date in form 109 is 15.4.2009...Is it wrong?????


Deepen Keniya

I Deduct the TDS of party in First Quater & File the TDS Return but in next Quater no TDS deduct of Party.

My Query is :
(1) Can I Filed NIL Return of TDS is Require or it is Optional?


Shri.P
16 April 2009 at 22:24

Date of transfer.............

I gave sign in my Form 109 from my principal dated 15.04.2009...Will it be a issue...Kindly guide me...


Nitesh Kumar Sharma
16 April 2009 at 22:24

CA PCC NOV. 09 ATTEMPT

i have heard that if we appear in both groups in single attempt & clear one group along with 70 % or more marks in 1 subject of another group, then in the next attempt we can get exemption from that subject & we have to study only 2 subjects except that which is exempted.
please clarify me.



Nitesh
ca-Pcc Nov.09
indore


Rachana
16 April 2009 at 22:06

amendment for june 09 pcc exams

sir plz tell me that does the CHANGE in name of AAS is applicable for june attempt also?????????