Prashant Raj Tax Advocate
06 June 2015 at 16:20
Dear Sir
i have a problem regarding sec 2(z)(ad) in up vat one of my client is deal in restaurant and received service charge from customer and given to his waiter but the VAT authorities imposed tax assumed service charges as income or sale of client so please tell me how i do in this situation
Deepak Kumar
05 June 2015 at 19:43
Partnership business which is running from 1988 is sold on "as is condition".
We would like to know the Income tax applicable on this sale transaction?
If it is sold on slump basis will there be any change on income tax applicability?
How can we reduce the income tax?
sachin dubey
05 June 2015 at 11:01
As per Sec 250, CIT can admit additional evidence only after providing an evidence to the A.O to cross examine and verify such additional evidence. However, Rule 46A is not applicable for clarificatory materials i.e secondary evidence produced to support preliminary evidence. So what is the criteria for determining whether evidence submitted to CIT(A) is additional evidence or clarificatory material.
Madhavi Mazumdar
04 June 2015 at 15:35
Sirs/Madams,
We had been billing the Canon All In One Printers in Jammu @ 5% VAT. Offlate we have an updation that a new notification of charging VAT @13.5% has been levied upon all Multifunctional devices on and from 01.04.2015. We are the Regional Distributors for Canon Printers in Jammu and we do a CST Purchase from Canon with the Description mentioned as CANON AIP PRINTERS. However, we are confused as to what should be our current stand for the billing of CANON AIO Printers. Should we bill it at 5% or 13.5%. Our Local consultant is advising us to bill @5% as it is mentioned in our Canon Purchase Bill as Printer which falls under 5% Category. But when we check the specification of the said printer from the Canon Site it says Printer, Scanner and Copier. As per the New SRO Notification the Scanners and Copiers should be billed @ 13.5%. What should be our stand??????? Please advise.... Also suggest some good consultant who can be appointed by us for taking care of our Jammu Branch Statuotory requirements.....
amit kumar singh
04 June 2015 at 09:53
How much TDS of a company/firm will be deducted by the Bank whom the firm is providing manpower. The firm is charging only 2% as service charge(agency profit) how much will be its earning?
N SURYANARAYANA
03 June 2015 at 13:11
Sir, Whether under ULIP(Wealth-Plus) Policy the pre-matured withdrawal is taxable. It is a case where the policy has been taken by a person aged 62 years on 25/02/2010 for a term of 8 years and paid single premium of Rs.4 lakhs. Sum assured is Rs.5 lakhs. An amount of Rs.373672/- was received from LIC on surrender on 11/10/2014 with TDS of Rs.7472 u/s 194DA. My query is whether the entire amount is taxable under I.T.Act, 1961 for the AY 2015-16 . Please offer your valuable comments. Also state whether loss so incurred (premium paid minus maturity value) on account of investment can be allowed to be set-off under other heads of income.
Biplab Swain
01 June 2015 at 15:46
Sir/Madam,
Sorry if I am repeating a simple question. We are an Association under trade union act in Motion picture industry. In order to ensure equal work to all members and surety of payments, we used to send workers on rotation basis to different production houses in serial industry on daily wage basis, which are paid at the end of the month by the production house to the association(in some cases directly to the workers also) for disbursal.
Hence under the circumstances, is any tds is liable to be deducted by the production. If so, what would be the percentage and under which section. Please also note that the no worker in any case gets more than 5000.00 per month.
Most important, since theses workers are hardly 10th pass, primarily agricultural workers, with part time work in movie industry during lean periods, what can be the best way to help them avoid any TDS as they will definitely find it difficult to file Returns and claim a refund.
A prompt guidance will help us put forth our side of the story to the production houses.
sanjitroy
29 May 2015 at 17:27
Dear Sir,
can you explain in details adjustment of input service tax against payment of central excise duty & what is the process to adjust the input service tax & time bound for service tax credit.
1)input service is taken for advertisement,telephone bill,commission bill on cc loan & rent of the factory of the product.
2)for the month of dec-14 we forgot to take adjust of all the input service tax bill,can we now adjust remaining input service bill against excise duty payment for the month of may15, (note-advertisement bill is not yet paid to the vendor)
Monesh Agrawal
27 May 2015 at 13:58
सर
मेरा इनकम टैक्स रिटर्न FY. 2009-2010 के लिए फाइल किया था जिसमे मेरा Rs. 11340= का रिफंड बना था. जिसका चेक मुझे डेटेड 08-11-2012 को प्राप्त हुआ और मुझे पता चला कि रिटर्न फाइल करते वक़्त मेरा बैंक अकाउंट नो गलत लिख दिया गया था. जिस वजह से मेरा रिफंड का चेक क्लियर नही हुआ. मैंने अपने अधिवक्ता से बात किया लेकिन उसका अब तक कोई उपाय नही निकला और मुझे मेरा रिफंड प्राप्त नही हुआ. इस सन्दर्भ में कृपया मेरा मार्गदर्शन करे कि कैसे मुझे वो रिफंड प्राप्त होगा.
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Service tax
I filed an arbitration case before ICA on 29.05.2015 and deposited registration fee Rs.11236/- (10000 + 1236) i.e. @ 12.36% p.a.
ICA raised a invoice for Rs.164/- as a shortfall due to raise of service tax amount @ 14% w.e.f. 1.6.2015. Please clarify.