Tuesday, February 05, 2008

Profession tax

Can the work of an agent of the Life Insurance Corporation of Republic Of India be regarded as a community and make I have got to pay professional tax?

N. Majumder, Thakurpukur

What is often called professional tax, and is actually community tax, is levied by individual state governments. Everybody whose income is more than than Rs 1,500 a month, whether it is a salaried person or an agent, will have got to pay community taxation in this state. The basic wage bounds changes from one state to another. Therefore, if your monthly wage or committee income is more than than Rs 1,500, you will have got to pay community tax.

Cheque trouble

The State Depository Financial Institution of Republic Of India have got made a system under which account holders willing to lodge a check will have to set it in a drop-box without an acknowledged pay-in slip. The deposited check may be inadvertently lost by the bank. In such as a case, we cannot lodge an fir without having an recognition slip. Are this a right system?

Salil Kumar Chatterjee, Sinthee

According to a Modesty Depository Financial Institution circular, Banks will have got to give their clients both the options — the drop-box installation as well as receiving checks at the Teller counter. If you are leery about the drop-box system, you can tender your check at the Teller counter. The depository financial institution subdivision is jump to admit the receipt. If it declines, you can near the banking ombudsman at the regional Modesty Depository Financial Institution office.

Lock and key

My female parent talented me a house, which is registered in my name. One of my stopping point relations used to remain there without paying me any rent. The relative, who is away, have kept his part of the abode under lock and key. The house necessitates contiguous repair. What shall I do?

Ujjwal Ganguly, Calcutta

Since the house is in your name and the individual is your relative, you can simply interrupt unfastened his/her suite and transport on with the fix work. For safety, you can inform the nighest police force station about the incident and take their aid to interrupt unfastened the rooms.



If you have got any questions about investment or taxations or a high-cost purchase you are planning, mail to: , or compose to: Business Telegraph, 6 Prafulla Sarkar Street, Calcutta 700 001.

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