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

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Anonymous   11 January 2012 at 13:58

Taxation- sale of gold

Suppose I have 1kg. gold which belongs to my mother who passed away some years ago. She did not execute any will.Now I want to sell it.I have no proof of gold acquisition by my mother.I want to ask how it department will verify it(that is the same gold that belonged to my mother not a purchased by me through black money & climed falsely to be inherited

Anonymous   10 January 2012 at 18:43

Meaning of " any body corporate established"

Pls explain the meaning of " Any body corporate established" in relation to service tax.

Sumit   10 January 2012 at 11:15

Vat on personal gift in west bengal

Dear Sir,

I was sent an item from abroad by a family member as a gift. I paid customs duty in Delhi on arrival. Now i am having to pay VAT @ 17% to bring it to Kolkata with the shipper. Are personal gifts also subject to VAT?, i am not a dealer or reseller, i am a govt. servant. Can i ask for a refund?

Sumit

Anonymous   09 January 2012 at 19:40

Summon under section 131(1a) of income tax act

Can CIT, DCIT,ACIT or AO can issue summons under section 131(1A) like Investigation Wing of Income Tax

Dharmesh A Gandhi   09 January 2012 at 17:35

Quarry relating vat credit on capital goods.

My campany is linked with manufacturing of Polyester Film. For the purpose the machinery (Imported) & Indiginous. Can we take Vat credit..? Since the machinery comes in peacemeal manner,and we are capitalize in one head i.e. Plant and Machinery.

Anonymous   09 January 2012 at 16:27

Nri - tax liability for 2012 -2013

Dear Sir,

My husband had been working abroad from Nov 2006 to 5th Dec 2009 - worked abroad

5th Dec 2009 - June 2010 - unemployed in india

July 2010 - Oct 2010 worked for 3 months in india

Oct 2010 - June 2011 - unemployed in india

July 2011 - 15 days worked abroad

4th Dec 2011 - gone abroad for two years contract.

Does his income earned from Dec 2011 is taxable ?

RAJESH CHOUDHARY   09 January 2012 at 10:16

Tds refund

Respected Experts.
Wish you happy new year...
I would like to ask one question regarding Input sercice tax.., do reply to my query as soon as possible sir...

Can any one tell me What is the procedure for getting the refund of
Input service tax credit by an Export service provider.

Thanks in advanced.

Sanjib Roy   08 January 2012 at 21:36

Renewable energy - 80% tax depreciation under income tax 1961

Sir,
I am MD of GLOBAL RESOURCE CONSERVATION PRIVATE LIMITED. The company initially manufactured Solar Home Lighting System (SHLS), Solar Lanterns and Inverters for rural applications.

I want to know how can our solar power generating system is entitle for depreciation under Appendix II, Part-A, Clause XIII under the head of "Renewable Energy Devices is entitle for Depreciation @ 80% under Income Tax Act 1961."

Our customer can get it?

Kindly give me solution.

Thanks,
S.Roy

HARISH KUMAR   08 January 2012 at 11:48

Treatment of income of deceased person

ONE OF MY CLIENT'S FATHER EXPIRED ON 07/01/2012, He was regulary filing Income tax return showing income from commission and FDR Interest. With respect to the treatment of income of the deceased, I opined that Interest Income of F.D.R before Maturity can be treated as Estate. pre-death .i.e commission can be treated as Income of the deceased through legal heir. Please clarify whether I am right or not.

Anonymous   07 January 2012 at 19:35

Loan interest

Q.
Loan given to partnership firm by partner's friend without charge any interest.What is liabilities of both of party as per income tax or other laws.
thanxs..