Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ashish   30 July 2008 at 21:07

TREATMENT OF CREDIT NOTES IN VAT IN JHARKHAND

R/SIR
MY CLIENT IS DEALING IN SNACKS,WHOSE BUSINESS IS A WHOLESALE BUSINESS,PURCHASING GOODS INTRA-STATE AND SELLING IN THE STATE ONLY.
THE FIRM 4M WHOM MY CLIENT PURCHASE INPUTS IS IN RANCHI,JHARKHAND.IT USED TO PROVIDE FOR CREDIT NOTES FOR ALMOST EVERY MONTHS.
CREDIT NOTES R PROVIDED 4 DAMAGES AND DISCOUNTS(AS PROVIDED 4 REGULAR SCHEMES ALLOWED),BUT NO INPUT WERE NOT ADJUSTED IN CREDIT NOTE,TILL MY CLIENT ASKED 4 JVAT404.

WHEN MY CLINT ASKED 4 JVAT404(9C EARLIER SAID SO),THEY R PROVIDING CREDIT NOTES
WITH DAMAGES AND DISCOUNT WITH ADJUSTMENT IN INPUT RESPECTIVELY.

MY QUESTION IS HOW CAN MY CLIENT CHANGE THE RETURNS?
IS ADJUSTING INPUTS 4M DISCOUNT(ITEM OF P/L)IS ALLOWABLE?
I ALSO WANT TO UNDERSTAND RULE 35 OF JHARKHAND VAT RULES,2005.

MY CLIENT HAS FILED THE RETURNS TILL MARCH2007,AND ONLY ANNUAL RATURN IS PENDING.

USUAL PRACTISE FOLLOWED MY CLIENT IS TO ALLOW DISCOUNT TO HIS CUSTOMERS ALSO.

SIR,PLZ HELP.
REPLY SOON PLZ.
WITH WARM REGARDS 2 ALL
ASHISH

Vivek Shukla   30 July 2008 at 21:03

Land Acquuisition Act and Limitation Act

whether a reference U/s 18 of Land Acqusition Act filed after 42 days can be considered and delay can be condoned and the famous judgement of 1996 Maharashtra Law Journal in Officer on Special Duty V/s shaha Manilal Chandulal is still good law or over ruled ?

R.Manivasagan   30 July 2008 at 19:52

Notary Public

I had 10 years of Bar Experience in Civil an Criminal side. Shall I become a Notary Public

V.Raghavan   30 July 2008 at 17:11

What is the legal right of the third child

A mother buys and register a property in the name of her two minor children who were prevailing at the time. After few years a third child was born. The mother is no more now. Can the third child claim share from the property?

Saai Murugan   30 July 2008 at 12:22

SMS Marketing

Is the SMS marketing legal in india. Sending SMS to unknown numbers to promote a product is legal or illegal in india. Please Advise.

R.Rajendran   30 July 2008 at 10:18

Income out of sale of house property.

We,4 brothers, are going to sell a house
property for Rs.15.16 lakhs and my share of this gain will be Rs.3.79 lakhs.
Please clarify the following queries:
1)I am a salaried employee and I have PAN.
Any tax is applicable to me or not?
2)If any tax is applicable, what is the rate of tax?
3)How to avoid payment of tax if it is applicable?

R.Rajendran

padmavathi   30 July 2008 at 10:15

Dispute Betn Brothers

Dear Legal Experts
my husband have two sites registered in his name by his mother 8 yeras back and also the original land owner and his sons and daugheter have agreed to this and have made a confirmation deed in the registers office six months Back.And also another site bought directly from a third party. After my marriage with him his mother and we had some differences due to this his mother along with my husbands elder brother(who has married a christian girl and also changed his name and his children name also ends with cristian sir name) are asking a share from my husbands properties registered in his name according to hindu law, and have issued a notice from civil court from not to alienate the above said properties stating that the above mentioned properties are his father's and we have not made equal shares between them. my husband, my Mother in law and My father in law have been made defendents and himself the plaintiff. My father in law is not residing with us from the past 10 years. he has anotherwife and living seperatly. my mother in law is in my husbands brothers side. The properties which are registered or bought form my mother in law are her self aquired properties.my father in law has nothing to do with that. please help me in this case

s. ramesh   30 July 2008 at 10:05

arbitration

In an arbitration tribunal, whether the presiding arbitrator should be judicial officer, if the two arbitrators appointed by claimant and respondent are judicials officers ? any case laws...?

s. ramesh   30 July 2008 at 10:00

arbitration

In an arbitration tribunal, whether the presiding arbitrator should be judicial officer or not, if the two arbitrators appointed by claimant and respondent are judicial officers

R.Rajendran   30 July 2008 at 09:44

Tax on Fixed Deposit interest for house-wife.

I am a salaried employee and I pay tax every year after availing all the tax benefits. I want to invest in my wife's name Rs.One lakh in FD Scheme of a private Bank for 1 year.If the interest at the time of maturity is Rs 10500, will any tax be applicable as per Income Tax laws?. I feel that tax should not be applicabe since my wife is not working(She is house-wife).
Request for reply from Tax experts.

R.Rajendran