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Master NDPS 2.0: Latest Legal Developments, Best Practices & Landmark Case Studies

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seema   18 December 2012 at 22:13

Appeal against assessment u/s 248

in case of appeal to CIT against assessment u/s 248,is is necessary to pay penalty levied or it can be stayed?in the case penalty is levied u/2 274,so do the assessee need to pay penalty before going for appeal before CIT?

iti   18 December 2012 at 20:53

Sc judegement

Has there been a recent SC judgement ordering Income Tax authorities to not disclose any information regarding ITRs wrt spouses and their family in marriage cases ?

Jinesh kumar sharma   18 December 2012 at 20:09

Tcs on scrap

we are working in manufacturing cocern and produce metal crown cap in there scrap regularly generated with manufacturing process called TFS jalli scrap and this scrap sold to another manufaturing unit of iron ingots with the excise paid. this type of scrap sale in covered under tcs or not

pavani.pothugunta   18 December 2012 at 12:41

Cenvat credit

Is it true that inputs used for factory repair and renovation can be availed under cenvat credit.

Niranjan Kumar   18 December 2012 at 11:23

Purchase tax

Hi Expert's,

We are purchasing Paddy from unregistered dealer in haryana. Will purchase tax levy on this entry.

KAPIL   17 December 2012 at 09:25

Manufacturing process of wire

Sir,

We are dealing in manufacturing of wiring. ITO is asking us to submit Manufacturing process of wire because he thinks that our process of wire is not manufactured. In this regard, I am attaching a process of wire step by step.Please confirm that whether it is Manufacturing process or not.

Awaiting Ur reply.

NAVEEN JINDAL   16 December 2012 at 20:03

Date for filing of service tax return

FILING OF QUARTERLY RETURN OF SERVICE TAX
WHAT IS THE LAST DATE FOR FILING RETURN OF SERVICE TAX FOR PERIOD 01-07-2012 TO 30-09-2012.

patel m. faruk yusuf   16 December 2012 at 17:25

Regarding non disclore of current account in bank inreturn

respected sir, my client did not disclose current account in bank relating to financial year 2011-12in which transaction has gone upto 20,00,000/-, whether this transaction details can go to officer under AIR? AO can get details under any section?

Sameer Anukul   16 December 2012 at 11:19

Service tax by hotels

My queries to component of bill at hotel and customer's rights?

Various bill components were - Bill amount(A) + Additional Tax(1.5% of A)+ Entertainment Tax (7.5% of A)+ VAT (12.5% of A) + Service Charge (5% of A) and Service Tax (4.95% of A)

What is Additional Tax and Entertainment Tax? (No live band available)
Should not Service tax be 4.95% of Service Charge and not Bill amount?

In case Service tax has been wrongly charged, what recourse does customer have when Hotel refuses to listen at the time of bill payment?

C. P. CHUGH   15 December 2012 at 22:47

Status of lawyers under the direct/indirect taxes

Dear Xperts,
I am writing this to create some awakening amongst our professional colleagus. A very wide area of practice under Direct and Indirect Taxes is being slowly and mischievously being snatched away from the domain of lawyers.

You would find that every where in income-tax and State VAT, an audit report is required to be signed by CA.

A lawyers is barred from signing a simple Audit report under section 44AB or under State Vat, which requires only reporting about compliance of various statutory provisions and does not need auditing in real sense.

New ITD Portal has created an interactive window for CAs to get themselves registered on the Portal as professional, CA but no such similiar advantage is given to lawyers, whereas the Advoates all over India file more returns than the CAs.

Is it not the High time for all of us to unite and raise our voice against the discrimination by the Finance Ministry, other wise in the time to come, we shall be deprived of a great opportunities.

Pls post your comments.

Thanks