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richa   02 February 2014 at 11:09

Regarding validity of notice

The Survey was conducted in One of our Clients Factory premises in Ass. Year 2009-2010. Originally the jurisdiction was with Income Tax Officer. In meanwhile in the month of April 2009, The additional CIT has transferred our case from Income Tax officer to ACIT. After transfer of case, The original notice was issued U/S. 142(1) & 143(2) by Income Tax officer when the jurisdiction lies with ACIT , the assessee objected the scrutiny notice still the Income Tax officer passed the order U/S. 143(3) in the Month of DECEMBER 2011, The case was again transferred from JCIT to the Income Tax officer, Thereafter again notice was issued by Income Tax officer U/S.143(2) ,
My Query is as follows
1. The order passed U/S. 120(4)(b) by additional CIT has any legal force as U/S. 120(4)(b) is for only board, CCIT & CIT in which they are empower to pass the order.Please answer with reason.
2. That the explanation to Sec 120(1) will support to the assesee.
3. Whether The Income Tax officer notice shall be treated as valid as order passed by additional CIT/CCIT have no legal validity.

Rashmi   01 February 2014 at 18:00

Service tax

Hi,

We have rented a property and running a fitness centre on it. We have executed a lease deed also. Now the lessor is asking us to pay amount of service tax. In our lease deed, we have clearly mentioned all rates, taxes and cesses with regard to property and incidental thereto shall be paid by the Lessor.

My question is whether, can we construe that "all rates, taxes and cesses" also includes "service tax" and tell the lessor that you are liable to pay.

Rupesh   31 January 2014 at 20:30

Regarding tax on deposit of 10 lakhs in my saving account

Hi,

i want to deposit 10 lakhs ruppees via single demand draft in my savings account. pls let me know whether i am liable to pay tax on this amount?

VARUN BANSAL   31 January 2014 at 15:41

Long term capital gain

we sale property name of pvt ltd
of 9300000 lakh on jan2013 lakh, buy was 1995 of 325000
and building cost 350000 rs

total 675000


*than how much tax we will pay
*how much can we save tax
*which tax free bond is best for us
*is tax free bond after three year will be fully exempts

sujit kumar panda   31 January 2014 at 13:05

Regarding service tax

Dear Sir,
one of my client in delhi have a cyber zone and it is attract service tax.this year up to till he paid the tax but last year it is pending.what is the penalty and interest for late payment of service tax and return.

sandeep Upadhyay   31 January 2014 at 10:02

Bill of ecports for sez unit

Dear experts
We have sent goods to SEZ unit under LUT.While submitting of Proof of exports(certified copy of ARE1) the department demanded Bill of exports alongwith Certified ARE1.Is necessary to submit Bill of exports alongwith POE.Also want to know to who is liable to file/generate Bill of export in case of SEZ dealing. Consingee or consigner?

Thanks
sandip

suryakant n joshi   31 January 2014 at 08:47

Sale of old house

i got a old house in 2008 in my name as an heridiatery/ancestral property from my parents.i sold this property in jan 2014 for Rs.80,000/-property is situated at taluka place in maharastra offical valuation written on sale deed is Rs2,50,000/-
pl advice in detail what is my tax liability and other things.where to invest moneyfor tax exemptions

Sathish   30 January 2014 at 23:15

Legal metrology

Hi,
If a company has both manufacturing and trading activity, whether the company can registor under legal metrology for trading business.

Note: Trading and manufacturing located in different location

vishal   29 January 2014 at 20:33

Vat

Sir,
I am A registered dealer under TNVAT and CST I am purchasing Valves in Chennai from the Manufacturer and selling it both in Tamil Nadu and to Dealers of other State. The Valves sold to dealers in other state are sold on 2% CST. Can I claim Credit for the excess VAT for the materials sold on CST?

Arif Ali (Apt Co Advisory)   29 January 2014 at 19:37

How can service tax officer observe the fraud.

Dear Experts,

Suppose a entity provide two type of services. One is taxable and second is not taxable. So the Entity issue the invoices to clients for taxable services provided and charge the service tax. and collect the amount with service tax.

Later now the entity change the some invoices and show under non taxable services. and thus the entity does not deposit the service tax to Govt.

Now my question is that on servey how can a service tax officer observe that the entity have done the fraud? (apart from this that demanding the bill from clients)

Plz explain it.

Thanx.