Atul Aggarwal
20 November 2013 at 18:01
Whether refund can be claimed against ITC standing in respect of Capital Goods?
Nirav Mehta
20 November 2013 at 16:52
Dear Sir, I purchased a property from a builder and a Agreement of Sale (not registered) was executed. The same was done two and half years ago. I have paid 95% of the sale consideration to the builder. I now wish to sell the property for the same price which I had purchased (Due to some urgent requirement of funds). How to go ahead with the transaction and show the same in my books of accounts? The Sale Deed between the Builder and me is not yet executed the property is not yet registered on my name. Can I get the registration done on the name of the purchaser of my property? Please suggest the tax implications for me ?
Alpesh
20 November 2013 at 11:49
Dear Experts
In case of Winding up of Pvt. Company, distribution of surplus Assets to Members : Whether the capital Gain Tax is attracted ?
If we have only Capital of Rs. 3 crore and not any physical Assets then Whether we need to pay any Tax thereupon ?
KRISHNA RAO GOWD
19 November 2013 at 17:15
We are an 100% EOU engaged in manufacturing and exporting of petrol run three wheelers from Andhra Pradesh. We bought CNG kits from a Pune party and issued a Form H against thier invoice. We have submitted the BL copy for the entire vehicle with CNG kits.
We have fitted these Kits to our vehicles and billed the same to a Merchant Exporter in India sending the goods directly to the port as prescribed in the customs and Central Excise rules and claimed the export benefits from DGFT.
Now the Pune dealer says the Sales Tax dept in his state has rejected the Form H saying under the Sales Tax rules the sale of goods purchased against Form H can not be sold to any body else and have to be directly exported. How a transaction which ia allowed by the Customs and Central Excise is invalid under the sales tax law?
C..a......STUDENT
19 November 2013 at 16:54
Will TDS provisions be applicable on payment of license fee to a private gas agency?
If yes, under which section TDS be liable to be deducted?
Please reply.
sundar sastri jain
19 November 2013 at 01:29
Sir, can the legal heirs let out house property,even if it is not registered in their name as the joint owner(lady) and her only son expired, can the grand son let out the said property along with the other legal heirs i.e.members and get the Income from house property divided(equal share) in all legal heirs name as this would highly reduce the tax liability.....
Another question can 194-I of income tax act,1961 be evaded(as section says 1,80,000 limit per member) if all the legal heirs authorise grand son to collect rent OR still tds be deducted as rent pm exceed the limits specified....How grand son be assessed in respect of his share including tds if any
My last question mode of authorising grand son
My last query will it be suficient if in lessor(grand son) introductory para merely named followed by a sentence Without mentioning all the legal heirs name as "......the legal heirs jointly authorise grandson(name) to do acts,deeds,favours in relation to or in connection with let-out of said property/shop"
Sabyasachi Acharjya
18 November 2013 at 17:02
Sir,
I am an employer. I am deducting TDS from my employees by allowing slab of Rs.2,00,000/-. Now after inserting of Section 87a of I.T Act, Shall I allow Rs.2,20,000/- before computing TDS for the employees whose income is less then 5 lakhs.
hdshardik
17 November 2013 at 22:25
As per section 75.- Losses of firms.- Where the assessee is a firm, 2 partner the same share of the retiring partner and the private co is admitted by same share retiring partners and by same percentage a private lt continues in the said firm , as on date un absorbed depreciation is stood 5 Lacs , can unabsorbed c/f depreication is alllowable to set off against the profit available in the subsequest year ? is retiring partners shares unabsorbed depreciation require to separate and not allow for setoff against profit of the firm under sections 70, 71, 72, 73, 74 and 74A. ?
hdshardik
17 November 2013 at 21:31
WHEN FUNDS ARE BORROWED BY partners in his individual capacity and contributed as capital in firm , in such case , interest received on partners capital is taxable in the return of his , can against this interst paid on the borrowed capital is allow for the deduction? kindly support with any case laws is permissible?
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Service tax by receipient
The notification no 30/2012 http://www.servicetax.gov.in/notifications/notfns-2012/st30-2012.htm talks about payment of Service tax by receiver of services. I have queries regarding the following clause: "services provided or agreed to be provided by any person which is located in a non-taxable territory and received by any person located in the taxable territory;"
1. Was this implemented for the first time w.e.f. 1 July 2012 ??? So if some one wants to pay the tax voluntarily, is the same is to be paid from 1 July 2012 only.
2. Is the limit of Rs 10 Lakh not applicable to it ???
3. I submitted ST-1 form and got print out from https://www.aces.gov.in/, it refers to some documents for individuals like PAN Card and Address Proof, are the same enough. And is this to be submitted to the Service Tax Department by Post or in person.