BROWSE TAXES ADVICE: |
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what proofs to be submitted when we claim exemption under section 80E |
| Question: | |
What bank proofs to be submitted when we want to claim exemption under section 80E
Will the counterfoil of the remittance slip enough ?
Please let me know
(Rated by 5 Council Members)
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Butter Fly,
Council Member
Ammas.com
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Dear Rama,
You take a staement of account from the bank duly signed by an officer from the bank.This is sufficient to claim the exemption under sec 80E.
... Full advice ...
(Rated by 1 Council Members)
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Naimisha mani,
Council Member
Ammas.com
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u can take form signed by the officer
... Full advice ...
(Rated by 1 Council Members)
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Tax ayment |
| Question: | |
Tax payable is Rs 33 536, while TDS by employer u/s 192(1) is Rs 33 243, In ITNS 280 which Type of Payment I should tick ( 100,300,400 or 102)?
Also In ITR2 PartB TTI para 7 and 9 what entries are required?
(Rated by 5 Council Members)
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Butterfly Wings,
Council Member
Ask Agent
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1. In the ITNS Challan 280 (self Assessment Tax) Tick against 300- Self assessment tax 2. In part B Para 7 of ITR 2, you have to mention details of interest on default in furnishing return and for def
... Full advice ...
(Rated by 2 Council Members)
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Madhusudhana Rao Konduri,
Featured Member
Ammas.com
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you can file in self assessment tax by filling of challana for payment of tax
... Full advice ...
(Rated by 1 Council Members)
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| Subject: | |
Service Tax |
| Question: | |
When the liablity of payment of service tax become due, whether on payment to service provider or on recording the expenditure or when the service is provided
(Rated by 4 Council Members)
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Butterfly Wings,
Council Member
Ask Agent
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Service tax liability occurs as and when a service is provided. The service provider is expected to remit the service tax collected during the month before the 5th of the following month.
However, i
... Full advice ...
(Rated by 3 Council Members)
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| Subject: | |
About Tax on Work Contract |
| Question: | |
What will be the WCT in Rajasthan for supply, installation & commissioning of Electronic Security System in Nationalised Bank? ALSO, it may be noted that we are from other state & will bring the goods from outside Rajasthan for execution of this contract. Please advise.
(Rated by 11 Council Members)
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Lathaa Manavalan,
Council Member
Ask Agent
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Hope below links will be helpful
Goods involved in Works ContractValue liable for Works Contract Tax – Some important case law is discussed here. ... State of Rajasthan - This is also an important
... Full advice ...
(Rated by 6 Council Members)
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Swati Gupta,
Council Member
Ammas.com
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The works contracts are not normal sales. In the normal sale there is a transfer of property in definite or ascertained goods. The goods remain same before and after the delivery of the goods. However
... Full advice ...
(Rated by 6 Council Members)
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Rahul Gupta,
Council Member
Ammas.com
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Whenever any activity is undertaken under a contract for working upon any goods; it can be liable to tax under "Works Contract Act" which is leviable by the Sales Tax/VAT department of the State Gover
... Full advice ...
(Rated by 6 Council Members)
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gg ss,
Council Member
Ammas.com
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Goods involved in works contract’ have been included in definition of ‘sale’ w.e.f. 11-5-2002. Note that the CST is on ‘goods involved in works contract’ and not on ‘works contract’ as such. This dist
... Full advice ...
(Rated by 6 Council Members)
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N Pant,
Council Member
Ammas.com
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In the case of getting goods from outside rajasthan the tax leviable is under the CST Act. The rate of tax is 12.5%.
value of goods involved in works contract would have to be considered for taxati
... Full advice ...
(Rated by 7 Council Members)
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Geetha Gopakumar,
Council Member
Ammas.com
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In the sale of goods, the things produced or manufactured as a whole is absolute property of maker when it comes into existence and then he transfers it to the buyer. In works contract, the things pro
... Full advice ...
(Rated by 5 Council Members)
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jes sree,
Council Member
Ammas.com
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it depends on the quantity
... Full advice ...
(Rated by 6 Council Members)
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| Subject: | |
Taxes |
| Question: | |
We are working in a manufacturing unit situated in faridabad, Near Delhi. we would like to know that if we receive any material from our vendor situated out of faridabad on TOPAY basis freight. In that case who is liable to pay the service tax ?
(Rated by 7 Council Members)
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Pranab Paul,
Council Member
Ammas.com
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Dear Jagmohan,
It is nice to hear from you of such an interesting question.
Service tax is applicable when somebody or some organisation earns by providing some sort of services to others. These
... Full advice ...
(Rated by 5 Council Members)
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