| India Taxes |
| What is the minimum taxable income in India? For a person and for a business, if different? |
If you are planing your business as sole proprietor of the business, then the business income and your personal income if any like interest on deposits, salary income, capital gains from shares etc... |
| What double taxation law says? (India & UK)? |
All depends on your status as to whether U R resident or non-resident during the period under the Income Tax laws of India.
The tax on income is governed by DTAA between India and UK.Since U have ... |
| I am working in Rajasthan. my salary is processed from mumbai whether I am liable for professional tax? |
You can avail case laws from advocates.
In general, the professional tax has to be paid at the working place. At your working place you says that there is no Professional Tax at all. Then you ... |
| What is meening of national antham of india? |
National Anthem
The song Jana-gana-mana, composed originally in Bengali by Rabindranath Tagore, was adopted in its Hindi version by the Constituent Assembly as the National Anthem of India on 2... |
| Any legal decisions on legal validity of Fringe Benefit Tax yet ? |
Who gave you this piece of info? Some Fringe Benefits are exmpt from Tax fully ; others are partially taxed.The I-T Act, 1961 as amended from time to time specifies these.
There are some cases lyi... |
| What is high court decision filing ITR on 2d saral form? |
The Gujarat HC says, that person (assessee) can attach the additional documents with new ITR.
However the Supreme Court ruled that person can file the 2D saral form. ... |
| If I have inherited Share which are demated and if I sell,how profit and hence Tax will be calculted? |
The income of the said shares has to be shown in the returns of your wife as the shares belongs to her father. Open a joint bank account like you have opened joint demat account. While registering... |
| Tax benefit on loan from mother.? |
If you take a loan from your mother or from any body for business purpose, then that loan interest can be claimed in your business. If you have taken it for your personal use, then you cannot clai... |
| When goods are transferd to branch, who should pay excise duty? |
The Central Excise duty is payable on clearance of excisable goods from the place of removal.Under excise law the factory is a place of removal.Further , a depot of manufacturer can also be a place... |
| When is surcharge applicable on tds when professional payments are made? |
surcharge will be applicable only if the payments are likely to exceed Rs.10 lacs. ... |
| What is mutual fund?Is invested amount is safe in it?What documents required to buy it? |
Mutual funds are nothing but investment companies. They collect money from public and invest on our behalf and they charge some small % of amount for maintaining the fund. They offer different ty... |
| How to bill my client - for my SALE IN TRANSIT transaction? |
Mr. Naresh Your Queries in Heading and para are different so for the heading portion I like to suggest that do not make the make before receiving the material since bill is to be raise only when yo... |
| What is the sistem of new pan card by net? |
You can apply for pan card on-line. But it is not 100% passable because you have to send the address proof and other things in person. You can only fill the form and pay the amount online. The f... |
| I booked a flat in June 2005 which was under construction and in Oct 2007 I have sold it will there be any tax |
It can be treated as Short term capital gains. In case of Short term capital gains, the Short term capital gains income (20-15= 5lakhs) will be added to your other incomes like income from Busines... |
| Pls tell me the surcharge and Edu.Cess on tds Ay 07-08? |
For A.Y 07-08 (F.Y 06-07) , the Edu.Cess was 2% and Surcharge was @10% after 10 lakhs.
For A.Y 08-09 (F.Y 07-08) which is for running year, the Edu.Cess is 3% and Surcharge is @10% after 10 lakh... |
| What is the tax payable and how much i can save? |
APPROX 10000/- ... |
| Indian Airport Customs Duty on LCD TV? |
Typically customs duty is paid above the free allowance period, like in U.S you are given an exception of X dollars. Having traveled to India a few times, briberty still works in that count... |
| TDS 2nd quarter filing due date was 15-10-07, but i could not file due to Deductees PAN updation. Please help. |
i have solution to ur problem .but you have take your own decision while applying the same .
i think your problem is that you have not deductee pan or have less than prescribed limit of 70 % /90%.... |
| Tiffin expenses paid Rs.22000/- to hOTEL FOR ANNUAL DAY CELEBRATION. IT IS LIABLE TO TDS PROVISION? |
As far as I know, there is no TDS on tiffen bill Rs.22,000/-. To claim the expenditure, you should have to pay the amount by cheque as the amount is Rs,22,000/-. ... |
| I have applied for pan card and i want to verify my pan number through net and i have pan number? |
log on to www.incometaxindia.gov.in
Click on PAN Tab
Click on Know Your Pan Tab
Enter your first, middle and last name with Date of Birth.
Click on Submit Button
Enter first, middle ... |
| What are the documents required to be submitted for Registeration under the Chennai Profession Tax Act, 1975? |
pls click on-
... |
| Can you help me define SKU as a commercial term? |
SKU (stockkeeping unit, sometimes spelled "Sku") is an identification, usually alphanumeric, of a particular product that allows it to be tracked for inventory purposes. Typically, an SKU... |
| How can i copy a voucher in tally? |
The Tally dose not have windows options like copy, past delete etc.
But you can duplicate a voucher. For example open a ledger, select a voucher (Do not open the voucher) and then pressing the... |
| What is the limit of child fees in income tax return 2007-2008? |
In previous years the Tuition fee limit was Rs.15,000/- only.
But from A.Y 2007-08, it has been enhanced to 1 lakh rupees and it falls U/s 80C. Please note that the maximum amount allowed U/s ... |
| Do i need to pay tax? |
As long as you are working in India and receiving salary in India, you need to pay income tax to Indian Govt. This is my view.
Anyway it is better to contact and clarify with your company. ... |
| Do i get any exemption on tax? |
Probably, but since you provide no meaningful information, your question cannot be answered. It depends on what you earn, where you live, your family status, and many other items of information. In... |
| What is the tds rate for money transfer to Germany? |
No TDS on the money transfered from India. The only thing is you should have permission to send it. You need to take RBI permission if the amount exceeds certain limit.. ... |
| I want to know how i can gain the knowledge of taxation? |
By reading taxation books and by having contacts with tax consultants and tax knowledge friends. ... |
| How do i calculate service tax on an amount of 95,000. If i raise an invoice for 95000 is it 12.36 into 95000? |
yes, it is 12.36% on 95,000 which works out to 1,06,742. That means, your client has to shell out 11,742 extra for your services, towards service tax. Of course, there are people who absorb this ... |
| Going back to India - Transfer of residence -Customs allowances? |
Just sell what you can't put in a bag and then leave and do not go back. ... |
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