| India Taxes |
| We Have Sales of Out of Sate . So Explain me How Can Get Exempt ? |
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absolutely right. if you have out of state sales , so you can file CST return . because its out of state. otherwise you had to vat.
Within state sales - VAT
inter sate sales - CST... |
| What is TDS rate on payment in foreign currency made to Foreign company on account of advertisement? |
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TDS rate on payment to non-resident company is governed by DTAA between India and USA.Refer to DTAA... |
| Tax friendly salary breakup in india? |
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You have the following options -
1. Have basic salary as large as possible, so that your employee will get more HRA exemption.
2. Have a component called LTA (Leave Travel Allowance) in ... |
| How the income tax is calculated for woman? in india? |
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for a woman the exempted limit is rs 1,35,000/- in your case the total income is rs 1,22,000.oo so no tax payable and no income tax return needs to be filed. In any case rs 20,000 shares di... |
| Need format of salary certificate? |
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TO WHOM IT MAY CONCERN
This is to certify that ... |
| Service tax on flats sold by builders? |
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There is no service tax on construction of residential flat if the builder has constructed the flats on his.
Central Board of Customs & Excise has also clarified it vide service Tax Circula... |
| How do we accout for Trading in shares? |
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There is no specific format prescribed by income tax regulating authorities for maintenance of account related to buying and selling in shares.
Day trading or derivative trading is conside... |
| If we purchase any house property in foreign after transferring my home in india, can i take exemption in indi |
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if u sell a residential property in India and have capital gains, the exemption is given only when u purchase another residential property in India with two years. This facility is not avai... |
| I recive my PAN no but no card.? |
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Do you mean your PIN number but not the card? Call the bank phone number on the paper that the PIN number and find out when they mailed it to you. Banks usually mail them days apart so peopl... |
| Property Sale Deed or Sale Agreement for Income Tax scrutiny on Housing loan? |
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Sale agreement is not a conclusive evidence to establish your ownership for the purpose of Income Tax Act. If you want to avail deduction and rebate, you should produce Sale deed alongwith c... |
| When we file a income tax what is the minimum salary for the income tax? |
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Permanent account or popularly known as PAN is a 10 digit unique no given by the income tax department to identify the income tax assessees. When your income exceeds the minimum threshold li... |
| U/s 44ab of the Income tax act, do the day traders of shares have to get audit for turnover above 40 lakhs? |
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if u are dealing in shares, buying them, keep for some time and then sell them audit is not required. but if u buy and sell the same day without taking delivery and ur trun over exceeds 40 l... |
| What is set off in service tax on rent receipt and rent paid? |
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If a commercial property is taken on rent and is further given on rent; the Credit of service tax paid can be availed and it can be utilised for payment of service tax.Refer to CENVAT Credit... |
| What is diff between GPF & EPF, what is the interest rate of both.? |
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I am not sure but the rate of interest is 8.5% in both the schemes.
GPF = General provident fund and
EPF = Employee's provident fund.
EPF is for employees of the concerns where P... |
| India: tax implications on selling residential land? |
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The answer given by Sharmaji is applicable only you you hold the property for 3 years complete. The first answer is the right answer in my opinion. Further for availing benifit of of havin... |
| Is the tds attracted for installation of lift, if so where we have to account the tds? |
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TDS is attracted. Credit Party. Debit Taxes paid account. Treat it as "Advance Tax". Claim it in filing your return next year.... |
| After with drawl of EPF, does any procedure to FPF withdrawl from Privte PF Turst of a LTD Co? |
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NO i DONT THINK SO...... |
| How to calculate turnover for intraday trading in shares, wot is net of sell and buy?Pls give eg.? |
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An example will ensure more clarity.
I. Purchase Cost: 75
Sale Price: 77
II. Purch. Cost: 126
Sale Price: 122
On the presumption these two are the only transactions during the y... |
| What does cheque payable at par means? |
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To give u an example i am delhi and u are in bombay. u send me a cheque issued on your banks branch in Bombay. I deposit the same in my account in a bank in Delhi. I pay outstation collectio... |
| If i want to know the detail of income tax paid by me in the previous years then how can i get the information |
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Now there is facility to view payment of tax online .Click here
... |
| What is excise duty & there is rate , how can is it set- off !? |
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It is a tax on the manufacture of goods that is levied when goods leave the place of manufacturer. The name of tax which was known as 'Central Excise Duty' was renamed as CENtral Val... |
| See my salary is 5500 and company is deducting 10.2%tax i am getting 4935/-salary so is this correct under IT |
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What the hell? Is 5500 your gross salary?
If yes, then its completely unfair , your company is exploiting your ignorance..
You are liable to pay tax only if your gross per annum is above... |
| TDS on fixed deposit.? |
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You are required to submit your form 15G or 15H to your bank within a stipulated time period for restraining the bank from deducting TDS on interest income of depositholders.You must have ... |
| What will be the Income tax if I rent out my house for Rs.30000/- p.m. The annual interest is Rs.1 lac? |
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You should make two rent agreements with the tenants. One in your name and the other in the name of your wife as you are joint owners and the cheque payment should be accepted as per the agr... |
| Whether govt of India is liable to pay the service tax on rent of property ? |
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Rent is not really a Service within definition of Service Tax Act. As contended it is a temporary transfer of Usufruct Rights to tenants. Also Registration Fees on these leases has to be pai... |
| Is it requied that the house to be in tax payer's name to get rebate under secn 24(b) & 80C? |
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buy the house in name of your wife and your name. wifes name should come first.
this will give u two advantages first of all stamp duty will be charges at 4%..secondaly when u pay house ta... |
| I ave lost my PAN card, but know the PAN number. How do I get the print out ofallotment letter? |
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Just fo to the website of income tax authority and u will have an answer id detail for the same with the procedures what is to be done.... |
| What is zero filling? |
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fill or feel
if zero fill then keeping the place empty or ur answer is zero,
n if its zero feel then senseless...... |
| How many types of taxes collected from people in india? |
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... |
| How setting up a sole proprietership helps one reduce his tax liability ? |
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I don't think the answers you received so far will do you any good. You've received answers related to US taxes, and you are asking this in the India taxes section. Where did you mea... |
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