VENKATESH HEGDE
23 January 2012 at 17:36
Dear Experts,
we are in the receipt of notice from the District Register and Deputy commissioner of stamps regarding the levy and collection of stamp duty on acknowledgment issued by the Courier companies.The Notice states that According to Art: 1(ii) of the karnataka Stamp Act all the courier Companies is liable to pay stamp duty on acknowledgment issued by the Courier companies . Accordingly they are asking the annual account statement of our Company, failing action shall be taken under section 67(b) of the karnataka Stamp Act. They are also enclosing the copy of Audit enquiry conducted by the Accountant General of India dated 16.02.2009. Under this the Amendment made by the karnataka Stamp Amendment Act 1995 (act no 8 of 1995) Art: 1 amended as Acknowledgment \of a letter article, document, parcel,package or consignment, of any nature or description whatsoever name called given by a person ,Courier Company, firm or body of persons weather incorporated or unincorporated to the sender of such letter, article document, parcel package or consignment. The proper stamp duty prescribed was one rupee for every one hundred rupees or part thereof of the amount charged therefor".
My question is : If we are paying the amount as such , we have to pay Crores of Rs for every year, It will be huge loss to the business.
From the 1995 they are not collected these amount& This year only they are starting to issue the notices to all the courier companies
How can we challenge this notice ? or this Amendment.
Can a consignment Note issued by the courier compant will be treated as an instrument? or its a receipt? Can receipt will be treats as an instruments?
Please advise.
Ravi Mehra
23 January 2012 at 16:37
Dear Sir,
i wish to do a work of supply of manpower to companies.
1. is the pf & esi is beared by me or by company to whom manpower is supplied.
2. how many numer of employees i have to impliment pf.
3. procedure of having service tax No. & under which head is comes uperlisted work.
Thanks & regards
Ravi Mehra
narpat garg
23 January 2012 at 13:42
iam a government servent. my annual income is rs.4 lakhs. i have agriculture land in my home village. i have converted it into non agriculture land and sold it for rs.25 lakhs. so tell me how my tax calculation will be. if there is any way to save some tax then tell me?
Anonymous
23 January 2012 at 11:03
Can any one forward Circular/ Notification / Guidelines issued by CBEC / any other, mentioning that High Value Goods or Heavy Goods falling under Chapter ID 84158210 (air conditioner).
Is Samples necessary to be drawn or not at the time of export of goods ?
Just imagine a car mfg export car to Sri Lanka or any where how come its possible to give sample of car at the time of every export.
You might be knowing
Three sets of samples are drawn at the time of examination or sealing of export goods. Two sets of samples, duly sealed, are handed over by the Central Excise Officer examining the consignment to the exporter or his authorised agent for delivery to the Custom Officer at the point of export. The Central Excise Officer for his record retains the third set of sample.
Hope that you shall forward your fruitful guidelines in this matter
Anonymous
23 January 2012 at 10:20
We have a manufacturing business and now starting up another manufacturing unit in a different city but in the same state. My question is do we need a new C.S.T. number for the new unit or we can use the same C.S.T. number as the new unit is the part of the same company but is involved in a diffrent trade. Please guide me what we are supposed to do and how? thank you.
Anonymous
22 January 2012 at 16:34
sir, i want to know whether bank is entitled to get vat number under punjab vat act 2005 and for what purpose under which sec it is entitled to get vat num.
2. whether it is mandatory for every bank to get vat number.
thanks
Anonymous
22 January 2012 at 12:45
my friend has income tax return a.y.2009-10 by manual(not e-filing) and claim refund 18350/-. But till date they have not received refund cheqes. he has also provide TDS form-16A to income tax department.they has request to department officer to get his refund but officer do not herd request. my friend suggestion to advocate that APPLICATION UNDER RIGHT TO INFORMATION ACT. SO I KNOW TO THAT WHICH PLACE AND HOW TO RTI.
Anonymous
21 January 2012 at 21:26
hi can anyone plz tell me that i have been trading in future segment in share market as an indivdual.am i liable to tax audit?
wat r the conditions to be fullfilled for tax audit and how turnover is calculated?
plz mention the section number/circular /notifications if possible
i have read in some post that the difffernce of favourable and unfavourable diferences r taken as turnover so IS THIS TRUE??. PLZZZ TELL ME WERE SUCH PROVISION IS WRITTEN
dinesh kumar
20 January 2012 at 22:30
RESPECTED SIR
I AND MY WIFE HAVE SEPERATE RETURN IN INCOME TAX.I AM GOVT.EMPLOYEE WHEREAS MY WIFE HAS INCOME FROM SALES OR OTHER INCOME.I HAVE MAKE AN AGREEMENT TO PURCHASE A COMMERCIAL PROPERTIES FROM MY ACCOUNT IN THE NAME OF WIFE.NOW I WANT TO MAKE IT IN HER NAME FROM HER INCOME SO THAT RENTAL INCOME DOESNOT INCLUDE IN MY INCOME.HOW IT POSSIBLE?AGREEMENT WAS MADE IN 2009.
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