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

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Anonymous   27 November 2011 at 19:37

Urgent reply sir

while filling return for AY 2007-2008 i claimed for refund... bt few months bac on 15-10-2011 received a letter form assistant commissioner that i m obliged to pay tax arrear of rupees 2264.. please help me how to proceed..wht should i do now.

RAJESH CHOUDHARY   27 November 2011 at 18:58

Reply sir

What is the last date for depositing c form?? Eg. What will be the last date for depositing C form for the period FY 2010-2011??

Anonymous   27 November 2011 at 13:06

Professsional tax in maharashtra

Hi I am Doctor by profession and not practicing in india as am working for a Singapore Based company in Dubai(NRI). I have recieved a letter from Income Tax department stating that I have not registered for Professional tax and not paid same.They are asking the reason and pay with penalty chrages.So could you please help in this.

RAJESH CHOUDHARY   27 November 2011 at 09:58

Reply experts

Q.1 when person Manufacture and sold the bagashra items gold plated item and also provide Labor service than what is the code of Nature of business .Turnover is Less than 5 lacks, individual business. He is liable for excise Registration and also for Excise.
Q.2 When the person providing only labor service means he get ornaments from outsider and polish it and give it back than what is the code of nature of business.
Q.3 when person manufacture KHAKHRA’S, MATHIA’S (Eating item) and sold it as whole seller than what is the code of nature of business. Turnover is Less than 5 lacks, individual business. He is liable for excise Registration and also for Excise.
Q.4 what is the code of nature of business providing service of consultant means providing service related to Income tax, Sales Tax, Excise, Custom. If he is not a chartered accountant.
Q.5 what is the code of nature of business of pujari (Bhrahmin) doing pooja , havan etc.
Please mail it me to manish.thakkar15 @ gmail.com
Q.1 when person Manufacture and sold the bagashra items gold plated item and also provide Labor service than what is the code of Nature of business .Turnover is Less than 5 lacks, individual business. He is liable for excise Registration and also for Excise.
Q.2 When the person providing only labor service means he get ornaments from outsider and polish it and give it back than what is the code of nature of business.
Q.3 when person manufacture KHAKHRA’S, MATHIA’S (Eating item) and sold it as whole seller than what is the code of nature of business. Turnover is Less than 5 lacks, individual business. He is liable for excise Registration and also for Excise.
Q.4 what is the code of nature of business providing service of consultant means providing service related to Income tax, Sales Tax, Excise, Custom. If he is not a chartered accountant.
Q.5 what is the code of nature of business of pujari (Bhrahmin) doing pooja , havan etc.
Please mail it me to coolguyraj91@gmail.com

RAJESH CHOUDHARY   27 November 2011 at 09:43

Hellow everyone

hi please provde me service tax rates for a.y 2012-13

RAJESH CHOUDHARY   26 November 2011 at 18:43

Hie experts

is tax under section 69 subject to slab rate

plz tell me

Anonymous   26 November 2011 at 15:35

Corporate

whether legally a consideration can be charged for parking lots.This is also to be looked from the perspective of stamp duty payable on conveyance.

Anonymous   26 November 2011 at 09:42

Ed amount claimed from invoice as pac is issued

We are a EPC contractor for construction of mega power project.As per our contract for supply of onshore materials, the price of our contract is inclusive of all taxes.(a)The Contract Price includes all taxes and duties (including variations thereof) applicable to the transactions between the Supplier and the Sub-Suppliers for the purchase of raw materials, components, assemblies finished products etc. i.e. bought out items/ components/ equipment of the Supplier for this project and there shall be no liability to the Purchaser on this account. (b)The Supplier should note that statutory deduction towards withholding tax, if any, as applicable, shall be made and necessary withholding tax certificate shall be issued by the Purchaser. If any other withholding tax is brought into effect by a Competent Authority during the period of the Contract then the same shall be deducted at source as per the prevailing rules and necessary certificate/s to that effect shall be issued by the Purchaser.(c)13.6 In the event the Purchaser claims no taxable event based on current legislations governing the power plants catering to either 100% Export Oriented Units/Special Economic Zone/Mega project status, the Purchaser shall take steps to intimate the same to the Supplier under the Contract by furnishing necessary documentary evidence to such an effect and the Supplier shall thereafter not incur any further tax liability on such portion (s) of the supplies that are to be covered during such period until the expiry of the Contract. Any tax liability if incurred consequent to the intimation by the Purchaser shall be to the account of the Supplier.
As the project is mega power project (PLEASE SEE PARAGRAPH 4.1.3 OF THE POLICY AND PARAGRAPH 8.2.4 OF THIS HANDBOOK), the project will get exemption on excise duty based on PAC(project authority certificate). Now we have procured some materials from manufacturer based on PAC without ED. We have also invoiced to the owner based on our agreed rate.
Now my question is can the owner company issue a debit note for back claim of ED amount + CST on ED amount from our invoice amount? your early reply will be highly appreciated.

Anonymous   26 November 2011 at 09:38

Sale of property

My friend sold some property under GPA to a promoter during 2006 and the entire consideration was offered for tax.subsequently the promoter developed and built flats and sold the same using my friends GPA and Pan no. ( this is not a joint venture) without my friends knowledge. Since the promoter is not co operating to divulge the details the assessing officer may impose tax on entire sale done by the promoter. Kindly suggest a remedy to get out of this tricky situation

Anonymous   25 November 2011 at 20:28

Appeals tribunals income tax

my query how to get status for income tax appeals, tribunals results . which website