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

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Santos   01 February 2012 at 13:26

Service tax applicability


Dear ALL,

Can service tax is applicable on electricity charges.

I have given my space on rental for tower installation. Also i have paid the electricity connection and monthly i am charging as per the electricity reading. Can I charge service tax on that electricity charges.


Please advice.

Regards,

Santosh

lina abood   31 January 2012 at 23:14

Capital gain

DEAR EXPERTS,
I HAD BROUGHT FLAT IN 2010 MARCH TO SAVE ON CAPITAL GAIN TAX ON SELLING OF ANOTHER FLAT.
,NOW AND AFTER TWO YEARS I AM PLANING TO SELL IT (COST TO COST WITHOUT ANY PROFIT).
IN THIS CASE IS IT GOING TO BE SHORT INVESTMENT?DO I STIIL HAVE TO PAY CAPITAL GAIN ANY WHERE
PLEASE ADVICE

saket jha   31 January 2012 at 11:45

Sec 88

Is the pension from Jeevan Akshay (LIC) is tax free under sec 88

dilipkumar   31 January 2012 at 10:31

Work contract tax

RESPECTED EXPERT(S),
I'm Dillu working in a LTD. company,in Jammu. and wants to know that, Are we liable to pay WCT 8.4% to on total billing amount which is charged by a civil contractor in addition (i.e 500000/= + WCT)
Regards.

Ganesh Chowdhury   30 January 2012 at 18:57

It refund of a deceased

Well, IT refunds in the name of my father, who is deceased, for AY 2009-10 and 2011-12 are pending with IT authorities. Now, as asked by the ITO, I submitted an affidavit and an indemnity bond but even after that he didnt processed the refund and now he is asking to bring succession certificate. So, I want to know that when there is no dispute between legal heirs and when we have given our consent in the form of an indemnity bond that the refund can be processed in the name of my mother, is it required to bring a succession certificate to prove that my mother is a legal representative? Please advice.

Anonymous   30 January 2012 at 14:55

Restroation of income tax appeal dismissed on sept 2011

As Our application for Penalty proceddings u/S 271 1 (C) dismissed on account absentof ca on Sept 2011 at itat can some one please give the format of restoration of appeal at itat along with ground

RAMEN GHOSH   30 January 2012 at 01:07

Vat - tds on works contract

ABC Ltd has get a works contract job from Simplex Ltd in Orissa . ABC Ltd is a Sub - Contractor.
Simplex Ltd is a Main Contractor. In month Nov 2011, ABC Ltd has cst purchased of Rs 3564000.00 . Total Works contract Bill Amount Rs 2587000.00 . Simplex Ltd has deducted VAt - TDS @ 4% on Rs 2587000.00 . ABC Ltd has get another labour job from Bhushan Steel Ltd in Orissa. Bhushan Steel has paid to ABC Ltd after Deducting of Vat - Tds @ 4% on Rs 546000.00 .

Please inform me the Vat payable in Nov 2011.

Anonymous   29 January 2012 at 11:51

Selling of a rejection from a non-excisable dealer

HOW TO SALE GOODS RECEIVED AS SALES RETUN FROM A NON-EXCISABLE DEALER?WHAT DOCUMENTS HE HAS TO SEND IF HE IS SENDING A PART QTY.?

Anonymous   29 January 2012 at 09:47

Inc tax

Respected Experts,
1) How are the provisions of Section 2(22) (e) applicable?
2) Capital contribution consists of which amount i.e only share capital or does it include Reserves & Surplus also?
3) Applicability of MVAT provisions in case of transfer of capital assets i.e whether considered as "deemed sales"? If YES,rates of tax.

Anonymous   28 January 2012 at 11:31

Please help

anybody can please tell whether the proceeds of export of service need to be received in foreign currency itself or a fund transfer from foreign bank of client received in rupees is sufficient to claim exemption?