venkatesh Rao
06 June 2014 at 09:07
In a problem of my daughter,s B.Com. exam, under the head-income from other sources following detail appeared.
VALUE OF GOLD CHAIN FOUND ON STREET Rs.30000/=
How to compute it? Is it liable to be accounted for and taxable? Pl. guide. Exams tomorrow.
pooja dedhia
05 June 2014 at 18:39
brand renovating and brand creator , under service tax where they falls and under which registration of category is applicable ?
Samik Kr.Chaudhuri
04 June 2014 at 16:44
Sir
We are manufacturing Co.We purchased materials from Bangaladesh. My question is can we take Cenvat credit along with cess of CVD and Import Duty? Plz. answer me immediately.
Samik
Surendra
04 June 2014 at 11:29
Dear Sir,
Greetings for the day !!!
We feel privileged to have your views here in this forum. I have a query regarding applicability of Service Tax and Vat on Flats.
Recently I booked a flat in Bangalore. The Company has provided flats on RIGHT TO OCCUPANCY basis and there will not be any sale deed for the said flats. We can implied from this, that whatever amount I have given to the Company (i.e. Consideration to occupy that flat) has been treated as deposit with the Company and at any point of time, when I may surrender my flat (RIGHT TO OCCUPANCY) to the Company and can get my money (consideration paid to occupy flat) back .
The Company did not charge Service Tax and VAT on such flats earlier due to their contention that it is merely transfer of RIGHT TO OCCUPANCY. But now the Company is asking for Service Tax and VAT on the said flat.
My queries are as follows :
1) What is the difference in the SALE OF FLATS and RIGHT TO OCCUPANCY only?
2) Whether Service Tax and VAT is applicable on RIGHT TO OCCUPANCY of any Flat? (since renting of dwelling units does not attract service tax, as well as the ownership in the flats has also not been transferred in my name, it remains with the Company and I enjoy only right to occupancy of the flat).
Thanks & Regards
Mukesh Khandelwal
03 June 2014 at 19:34
One of my Assessee’s income tax cases for assessment year 2012-2013 is under consideration. There was two expenditure debited by him in income and expenditure account in accounting year 2011-2012, Service tax demand for financial year 2009-10 for Rs. 132520/- Interest on service tax for financial year 2010-11 for Rs. 55642/-AO raised oral information to us that as the accounting system of Assessee was mercantile system. So why payment for previous year from the period under consideration, should be disallow under section 40 of income tax act. Please guide me what is the provision of section 40 or this type of govt. statutory tax liabilities due to service tax or other revenue department audit or scrutiny proceeding.
Thanks
Mukesh Khandelwal
mukesh_khandel@yahoo.com
9828242065
Mayuresh Gujar
03 June 2014 at 11:44
sir
i am going to register a final sale deed of a flat property. At the time of transaction, consideration / value of the flat was rupees 5,00,000/-. Now govt valuation of flat is rupees 1500000. Agreement was not registered but was notarized. can section 43(c)(A)will be applicable to old notarized agreement?
vinesh gupta
02 June 2014 at 20:59
regarding refund procedure
we want to take a refund of m/s adyant metal industries jagadhri approxmately value worth
rs one lacs it is of various assesment year 2010 to 2014 . our dealer is doing trading of metal utensils . we have paid tax @ of 5.25% at the time of purchasing the utensils and sold all the utensils against c form and receieve tax only 2%that excess tax paid on purchases is our refund.
gitika tandon
01 June 2014 at 14:05
hello,
have lost my pan card. Pls do let me know the procedure for getting new card.
Ashutosh Choubey
30 May 2014 at 15:28
Dear Sir,
The party has raised debit note upon us as we could not issue C Forms under our CST purchase. The reason for non issue of C Forms is that our local sales tax department is unable to provide forms due to shortage of forms in department. The C Forms are now issued online and physical forms are discontinued. The C forms for which debit note has been raised relates to 2012-13 when there was system of issuing physical forms and now it is discontinued. However we have applied for the forms and the department officials have assured us that they will arrange physical C forms for old period and provide it to us as soon as it will be printed and made available for clearing old period requirements.
Kindly suggest the step that we should take in our defense as per law or any court / tribunal decision in such matters.
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