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VIJAY K. TEOTIA   16 November 2014 at 11:08

service tax on law firm

is service tax applicable to a law firm?

Neeraj Kumar Giri   16 November 2014 at 00:33

Service tax(water supply taxable or non-taxable

Respected Experts,
Kindly advice me that supply of water to Eastern coalfields limited is taxable services or non-taxable services, because one of my friend is supplying water to eastern coalfields limited and not collecting service tax.
Is there any exemption in water supply in service tax act.

Dipak gupta   15 November 2014 at 15:18

Reversal of ITC for CST SALES., under TNVAT

Sir,

I am a dealer of iron and steel code 2041, which is declared goods under CST act,

Does a dealer needs to reverse ITC of 3% for the CST Sales made.

Please clarify.

AMAR KUMAR SAH   14 November 2014 at 17:03

Service tax on tour operator

Dear all,

We are Tour operator service provider. when i was raising invoice than got confuse about valuation of service tax. How to charges service tax on tour operator service. charges to client = Air ticket+hotel booking+other service Now problem is that should i charges service tax on whole value of tour service or only hotel booking and other service coz when i got air ticket booking invoice from my vendor they have already charages service tax
so if i charged service charged on whole value then there will be double taxation.

Please help me what should i do?
Thanks

Raj   13 November 2014 at 17:36

Input tax credit under tnvat

a manufacturing unit of automobile parts. they using cotton gloves for heat processing. so they claim ITC on gloves and paint marker using mark on the part for manufacturing process. But tax authorities said we could not claim ITC on safety and consumbale items. It is correct or not. kindly clarify it.

pushpakrishna   13 November 2014 at 13:25

Bank loan regarding

Dear Experts,
my salary is 1,30,000/- pm before tax deduction. Recently i approached a builder to purchese a flat and accepted for the same. i am ready to pay through a bank by getting Housing loan for which my bank also accepted to give the loan.Flat value is 40,00,000/But registration value at bangalore 28,00,000/-but seller is demanding the amount 12,00,000/- in cash. I dont want any problems for either side.what ever amount is i want to pay through a D.D or cheque.Hence i request you all the Experts give me a suitable advice in this regard in the best interest of the BOTH and BOTH(Buyer and Seller ) should not suffer in ANY MANNER in future. Thanq. Even bank also accepted to give loan of Rs.40,00,000/- for us.Thank you.

sinvas   10 November 2014 at 23:16

Depositing 20 lakhs by cheque in savings account

Sir, I have a doubt, I just sold my property and the person who is purchasing got his approval on the loan applied and bank is paying me thru cheque of 20 Lakhs. Now my question is can i deposit this in my savings account, and shall i need to pay tax on my amount. Also advise me can i deposit the same in a cooperative bank. Plz. suggest. waiting for your valuable suggestion.

kumar
hyd

YAGNESH HASMUKH DAVE   10 November 2014 at 19:30

Agriculture land

i am having agriculture land which is situated within 3km to 4km from grampanchayat office and population of village is 5000/-

The said land i am selling whether capital gain tax atttracts on sale of said land or exempted pl explain

Anubhav   10 November 2014 at 16:24

Income tax notice u/s 143(2)/142(1).

Hello members,
i have received I-T notice u/s 143(2)/142(1) for the assessment year 2012-13.
I have submitted my return for the A.Y. 2012-13 on 18/06/2012 and the same was processed by CPC on 21/12/2012.
I got the notice on 24/09/2013 u/s 143(2)/142(1).Then again on 14/10/2014 i received the pending assessment notice in this connection only:-
1)Is it a valid notice considering time frame?
2)Is the ITR once processed by CPC be questioned by assessing officer as in my case?
3)A.O. has asked me to furnish details of all my family members with regard to their occupation and Annual income with source.Can he ask for such details or can i decline to submit such details u/s 143(2)/142(1)?
4)How should i reply to such notice?

venkatswamy   10 November 2014 at 15:11

Taxation of armed forces disability pension

Sir,

I am an ex-servicemen and now a central government employ drawing disability pension (disability 40%). Is disability pension (which includes service element) exempted from income tax? If it is exempted, under which section should i show it in IT returns? please guide me.



Thankyou

Venkat