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Advocate Lava M
Verified
4.0 | 2+ user ratings
19, Sns Plaza, Bangalore
20 years ExperienceAdvocate Lava provides services in various field of taxation and related matters, direct tax matters, indirect tax matters, service tax matters and drafting and vetting of various agreements and documents.
Advocate Lava enrolled with the Bar Council of Karnataka in 2003. He is a member of the Advocates Association of Bangalore.
Enrollment Number : KAR/1202/2003
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Questions Answered by Advocate Lava M
Q: Is money transferred from my current acc to friends saving acc taxable
If one of my friend who is running a company is willing to lend me money, is the amount transferred to my savings or loan account from his current account, liable for any tax?
Advocate Lava M answered
What is your connection with the said company. Are you a share holder in the company. Assume you are having share of substantial interest in the said company then the amount received as loan is liable for tax as income being deemed dividend as defined in section 2(22(e) of the Income-tax Act. If not any substantial interest in the company then not liable for any tax.
Q: TDS deducted from bank account. What action can be taken?
Dear Sir, TDS of Income Tax has been deducted from pension account for the months of Dec 16, Jan 17 and final amount has to be deducted in Feb 17. On 31.01.17 I have initiated maping of PAN to my account. The same is not confirmed till now. Please tell me whether the TDS amount deducted shall be credited to my PAN account or not. Otherwise, what further action shall I initiate.
Advocate Lava M answered
Dear querist,The TDS amount deducted will be should in all probability credited to your PAN Account. The PAN would be quoted by the bank while filing its e-TDS returns on quarterly basis even though the actual TDS amount is remitted on monthly basis. Therefore, you need not have any fear on this count. in any case, if the TDS deducted is still not reflected in your Annual TDS Statement (Form 26AS) by the end of May 2017, please bring it to the attention of the bank and request them to correctly quote the PAN / rectify the e-TDS returns if PAN is not quoted.
Frequently Asked Questions about Advocate Lava M
Can Advocate Lava M represent me in court?
Yes, Advocate Lava M can represent you in court. The lawyer is trained to present your case in the most effective way possible.
What should I bring to my initial consultation with Advocate Lava M?
When you meet with Advocate Lava M for an initial consultation, it is important to bring any relevant documents or information with you. This may include documents related to your legal issue, such as contracts or court orders, as well as any other relevant information, such as a list of questions or concerns you have about your case.
How do I prepare for my initial consultation with Advocate Lava M?
Before your initial consultation with Advocate Lava M, it can be helpful to think about the specific legal issue you are facing and any questions or concerns you have about your case. You should also gather any relevant documents or information that you think may be helpful in understanding your situation.
What should I expect during my initial consultation with Advocate Lava M?
During your initial consultation with Advocate Lava M, you can expect to discuss the specific legal issue you are facing and the details of your situation. Lawyer will ask you questions to get a better understanding of your case and will provide you with information about your legal options and any potential outcomes.
How do I communicate with Advocate Lava M?
It is important to communicate with Advocate Lava M regularly to stay updated on the progress of your case and to discuss any new developments or concerns you may have. You can communicate with the lawyer through phone calls, emails, or in-person meetings.
How much does it cost to hire Advocate Lava M?
The cost of hiring Advocate Lava M can vary widely. Some lawyers charge hourly rates, while others charge a flat fee for their services. Some also offer free initial consultations to discuss your case. Kindly contact the lawyer directly to enquire about the fee.