Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Rajiv Bhatnagar   01 July 2013 at 20:27

Uttrakhand vat under treatment of fa for closing the branch

my client have a registered office in UP and the company have open a branch in uttrakhand VAt for trading of scrap after closing the trading activity the company want to surrender RC under VAT ACt and secondly company purchased some machinery against form 16 for doing other housing work but the assessing officer told the those machinery purchased under form 16 are chargeble to vat ( treatment of machinery ) but actually company is regularly using those machinery.

pls give the opinion

parthabandhu guha   30 June 2013 at 16:48

Reg. mismatch in form 16 and 26 as statement

As per form 16 issued by the employer total tax deducted is Rs.35298 but as per 26 AS statement tax deposited by the employer is Rs.36,022.

Please advise in this case which figure I will put in online ITR 1

Raj   29 June 2013 at 19:04

Gift of shares

I wish to gift some shares to my sister inherited by me from my mother.

She is a holding a demat account as a second holder the first holder being her husband(my brother-in-law)Can I transfer shares to this demat account

I seek expert advise please

Naresh Mohan Gupta   29 June 2013 at 15:46

Income tax on bank interest

I have a saving plus account with SBI. In this account balance in excess of Rs. 5000 and in multiple of Rs. 10000.00 is automatically converted into Fixed deposit.Thus I have gained an interest of Rs. 22496.00 in F.Y.2012-13 and bank has deducted a TDS of Rs. 2261.00 over this amount. Someone has told me that upto Rs. 10000/- interest earned in saving account is exempted from income tax. Is it true? Will it be applicable in my case, If yes how much tax more I have to pay?I falls in 30% slab of income tax.
Regards

SUJITH K K   29 June 2013 at 15:00

Interstate work contract

Dear Sir,

We have got One work order from Surat based company.That have interstate purchase,Local purchase and Labour portion also.Then how to raise invoice under compounding scheme as per Kerala Value added tax


sujith

SUJITH K K   29 June 2013 at 14:26

Work contract act -(kerala value added tax)

Dear Sir,

We have got One work order from Surat based company.That have interstate purchase,Local purchase and Labour portion also.Then how to raise invoice under compounding scheme as per Kerala Value added tax


sujith

Siddhi Jhunjhunwala   28 June 2013 at 17:10

Service tax regn no.

Is it mandatory to write service receivers Service Tax regn No. On Invoice?

Siddhi Jhunjhunwala   28 June 2013 at 17:07

Tin no.

Is it mandatory to write TIN No. of buyer on Tax Invoice?

YAGNESH HASMUKH DAVE   27 June 2013 at 14:08

Wealth tax

SELF OCCUPIED RESIDENTIAL FLAT IN MUMBAI BESIDE THIS TWO MORE RESIDENTIAL FLATS AT DIFFERENT CITIES AND GIVEN ON RENTAL BASIS UNDER WEALTH TAX WHETHER ALL THREE FLATS ARE EXEMPETED OR ANY ONE FLAT IS ONLY EXEMPETED FROM WEALTH TAX PL CLARIFY

sanjiv batra   27 June 2013 at 13:15

Depreciation

WE HAD PURCHASED A FACTORY BUILDING DURING THE F.Y. 2012-13 (INLUSIVE OF LAND & BUILDING). THERE WAS A COMPOSITE DEAL WITH THE SELLER, NO SEPARATE AMOUNT OF LAND & BUILDING WAS DETERMINED AT THE TIME OF SALE. ONLY LAND AND CONSTRUCTION COST WAS MENTIONED IN THE SALE DEED FOR THE PURPOSE OF DETERMINED STAMP DUTY AS PER CIRCLE RATE. (1) SHOULD WE CHARGE DEPRECIATION ON FULL AMOUNT? (2) IF ON FACTORY BUILDING ONLY HOW WE WILL BIFERCATE THE FULL AMOUNT IN LAND AND BUILDING HEADS?

THANKS

SANJIV