vinoj pjoseph
26 June 2013 at 11:28
SIR,
I P,Vairavanathan working as central govt servant took a home loan for the construction of house. The land in which the house made is in the name of my wife. The bank informed that the housing loan will be granted in the name of my wife and I wiil be a Guarentor for the loan. So kindly give me a clarification that if the loan granted in the name of my wife and i will be a guarantor shall I can claim for the Income Tax rebate for the interest paid on this loan as by the IT rules.
WITH REGARDS
P.VAIRAVANATHAN.
eswar
24 June 2013 at 23:28
Dear Experts,
I am working for construction company,in our work order
"The Supply & Installation rates are excluding taxes, the VAT & Service tax shall be paid against proof payment made."is a Clause.
In this Most of the Supply items are bought out items,for that we are paying the VAT.Our Supply Rate is including our profit+Over Head etc.,
According to the above Clause,which is correct/Eligible claim in the following
1.100% Input VaT
or
2. Difference ie Input VaT - Output VAT
Please advice
Thanks/REgards
Eswar
Ankur Gupta Advocate
23 June 2013 at 14:12
Dear Sir/ Madam
I have done LL.B. with second division in 2013
I am doing job as a Accountant in company from 6 years
I want to join Income TAX or Sales TAx
bar
What I DO FOR RAGISTRATION
Thanking You
Rajiv Bhatnagar
23 June 2013 at 13:09
My client have purchased mixed scrap @ 12.50% ( Unspecified goods )but he segregate the scrap under the categories uder iron scrap & others and charge vat Rate @ 4% & 12.50% on sale.
So his 12.50 % sale is low and 4% sale is high so the deptt.
But the deptt. is not interested to give relief and want to collect extra 8.5% tax on 4% sale .
Pls provide us any case law or relevent provision for such type of relief.
Nitin Jichkar
22 June 2013 at 12:10
Partnership firm has decided to convert its business into Company (PVT LTD) by incorporating new company they got registration from ROC , they also done all the procedure regarding conversion to company Like AOA MOA file in ROC. BUT when they (FIRM) applied in to Local registrar office for changing there name in to Company name the same authority has raised the demand for STAMP DUTY on Building and Land Rs.1.5 Crore hence firm has decided not to convert in to company however Company had run the business by PVT LTD name for 2 months after that they run there business firm name.
Now my question is
1 ) Is this Consider Conversion under Capital gain ?
2 ) If it is Conversion than is it liable for Capital Gain ? (Because Company has not Complete 5 year from the date of conversion ie non compliance of capital gain condition )
3 ) Please provide any Judgment on such topic .
Question at glance
"A" Firm run Business as firm :2011-12
"A" Pvt ltd run business as company for 1-4-2012 to 31-05-2012
for Stamp Duty they again run business
as "A" firm for 01-06-2012 to 31-03-2013
shashi
22 June 2013 at 10:56
Sir, I have purchased a under construction flat in Palghar (Thane, Mumbai)in 8/2012 and paid VAT 1%, as applicable, in May-2013. I want to know whether VAT is exempted under IT Rule and if yes, for which FY can i claim and under which head?
PAWAN PARIKH
21 June 2013 at 16:01
Hello sir
I am B.com LL.B and i have license of BAR Council of India and doing practice as tax consultant independently from last 6 months i want to know there is any further registration to do practice as Income Tax & Vat Consultant, or there is any need to inform Income Tax Department or sales Tax Department that i am doing work as Tax consultant I am very much Confused ? please suggest me what i do.
uma shankar
21 June 2013 at 12:38
We have received the VAT assessment order for refund of a certain amount for the year 2011-2012. However, there was a demand in respect of an earlier year, ie. 2004-2005 by the CTO, against which an injunction was obtained by us. This matter is still subjudice. In view of this earlier demand, in respect of which an injunction has been obtained by us, we have now been asked to provide a Bank Guaratee to the extent of the refund due to us, stating that only on production of the Bank Guarantee, the refund will be released. We do not understand why a Bank Guarantee should be demnded of us. Can members advice ? Case laws would be much appreciated.Thanks.
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Tax deducted at source
Respected Sir,
i am an employee of naval dockyard. For AY 2012-13 i have received a demand notice of Rs.80000 from IT office. However I would like to inform that Naval Dockyard (My employer) has deducted the TDS but has not deposited the same withb the authority. Kindly advice me what to do as i am no where responsible for the act of the employer.
Thanks