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

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avneesh   24 August 2012 at 00:59

G

a agent of life insurance corporation of india have earned total commission of Rs. 20,00,000. he is not maintaing books of a/c

question-

1-he can use itr 4s sugam

1- there may be any panalty for non maintaining books of a/c

2- he can show only 8% exp. on 20 Lacs as per 44ad


5- otherwise how much exp. can claim


avneesh.bibhu@gmail.com

Saurabh Rastogi   23 August 2012 at 16:01

Partnership firm registration

I Wanna to register a partnership firm in U.P. VAT.
How can i registered partnership firm in firming society (which form and paper formality required... like: Partnership Deep, Form I and affidavit of Ist partner)
AFTER registering in firming society
How can i registered in U.P. VAT and CST (Like Form & etc)

Vikas Arora   23 August 2012 at 14:33

Capital gains

I am selling my house very soon and i want to invest in new property on account of sale to save tax on my capital gain. I want to know the application of section 54?
If new investment is not instant then what is capital gain deposit scheme? Is it available in all public banks or as well as private banks also?

gaurav   23 August 2012 at 14:08

Tds on machine import service

We imported a machine and recd the invoice.

Our supplier raise the bill like below mention.

Fob value of machine 100
installation 10

Total value 110

Should we deposit the TDS & Service tax.

Please suggest

if any case is there so plese tell me.

Thanks

Aarti   22 August 2012 at 16:57

Export of goods

I am a Registered Dealer in Mumbai, Mah. I would like to purchase certain goods from Ahmedabad, Gujrat as they are manufactured there. I want to export the same directly from Ahmedabad by SEA instead of bringing the same into Maharashtra state (involves transportation costs + taxes etc..)Supplier willing to do billing to Maharashtra Add.

Wanted clarification on:
1) Can I export the same on the submission of "H" form?
2)Do i need to have a office in Ahemdabad to carry out such a transaction
3)Pls kindly Suggest on billing from Gujrat Supplier so that i face No hassles later in taxation including processing of H form..

Thxs

HARESH   22 August 2012 at 15:08

Sales against c-forms

Dear sir,

I am a Register Dealer in Gujarat. i sales good to Register dealer in Delhi against C-Forms

Which invoice required in case of sales against C-Forms?

Retail or Taxable Invoice

P.Parthasarathi   21 August 2012 at 18:21

Charitable trust--cash borrowals exceeding rs.20,000/--whether 269ss is violated.

A charitable trust registered u/s 12A has made some cash borrowals in excess of the limit of 20K prescribed in section 269ss by some voluntary public as temporary loans just to meet the needs of the charitable institutions run by it before the grants were received. Whether penalty u/s 271D attracts in such case. Kindly mention if any case laws are available on this issue.

giridharan   21 August 2012 at 17:41

Works contract service

Under the new regime of service tax after 01.07.2012, when the works contract service is provided by a proprietary concern operating under a distinct business name; to a factory functioning under a business name and owned by a sole proprietor, will the service receiver liable to pay 50% of service tax under reverse charge method, or the entire liability is on the service provider?
What does the word 'business entity registered as a body corporate' mean
I request clarification.
J. Giridharan

avneesh   21 August 2012 at 17:22

80c

husband is filing his itr, is showing his total income only 165000. he has deduction of 80c of rs 56000 in his name but he does not want show it because his income is less than 180000.

but his wife has total income Rs 237000 she also have deduction of 80c in her name of Rs. 15000,

Question- is whife can take deduction of 80c of husband which is not used by husband but accualy paid by husband

avneesh.bibhu@gmail.com