Anonymous
15 February 2011 at 19:26
Sir facts relating to my query for A.Y. 2005-06 are:
Sales subject to VAT Rs.10,00,000
Consignment/Branch Transfer Rs.5,00,000
Total sales Rs.15,00,000
Total Purchases (4% + 12.5%) Rs.10,00,000
ITC on above (4% + 12.5%) Rs.1,00,000
Now i want to calculate the reversal amount (apportionment for branch transfer)??
I am little bit confused over 2 methods which are:
1st method:
Reversal amount= 1,00,000*5,00,000/15,00,000 = 33333
2nd method:
Reversal Amount= 5,00,000*10,00,000*4/15,00,000*100 = 13333
PLEASE SOLVE MY QUERY RECITING APPLICABLE RULES AND TAX LAWS.
Anonymous
15 February 2011 at 18:25
sir, how much cenvat claim can we take on pistal seal used in mould. whether it is 50% or 100%
Rajat sahotra
15 February 2011 at 10:50
How can we take a stay/injunction on the attached order of entry tax?
This as anomaly in rate of central excise duty on bulk drugs and formulations, the Pharma industry as whole in the country, is at disadvantage. In excise free zones, the 8% excise duty (charged on bulk drugs is being added to the cost of the finished products: if it becomes 4%(as on the finished products) then the cost of the finished products will be reduced.
Seniors plz help own this issue as i need to take an injunction against the attached notification, how should i go about it?
N SURYANARAYANA
15 February 2011 at 10:44
A person(who is unmarried and presently dead) has made huge transactions in crores of rupees in his bank account. The case has been taken-up for investigation by the I.T.Department to examine the source and to crystalise the liability of the deceased. The business of the assessee which was carried in his proprietory capacity was closed. The nominees of the person are his parents as could be seen from his bank accounts. The deceased has not left any property in his name. How to collect the Incometax liability of the deceased ?. Is the I.T.Department competent to apportion the tax liability of the deceased from the bank balances standing to the credit of the deceased which are being claimed by the nominees. What is the legal position in the matter.?
I will Win One Day
14 February 2011 at 17:23
Respected Sir,
I am graduate in commerce and a post graduate in finance and accounting. I have also completed my ca inter exams. I like to know whether I am eligible to register as an income tax practioner. I have never attended any case before the ITO. What is the procedure?
Maheshkumar Sharma
14 February 2011 at 15:48
can we purchase capital goods against c form in a infrastructure or constructuin company ?
It is urgent.
Anonymous
14 February 2011 at 15:23
Respected Experts,
I have the business of stainless steel and leather goods sale and purchase and export& import. I want to purchase huge quantity of polythin begs(plastic begs_ for packing of my material. I want to purchase above goods agasint "H" form. Is excise duty impose on it or not.
CA Deep Upadhyay
14 February 2011 at 15:17
Mr. X (proprietor of M/s. XYZ) got service tax registration in 2007-08. He provided taxable services for:
1. April 07 to Sep 07
2. Oct 07 to March 08
3. April 08 to Sep 08
Then he stopped providing services. He has duly paid all taxes & interest thereon, but did not file any of ST – 3. Now, he wants to surrender Service Tax registration. What are the periods for which he is required to file NIL ST – 3. Is late fees compulsory on NIL ST – 3?
RAKESH B SHAH
14 February 2011 at 15:15
AS OUR C FORM HAS BEEN BURNED IN FIRE WE HAVE TAKEN COPY OF C FORM FROM OUR CUSTOMERS I LIKE TO KNOW IS THERE ANY CASE LAWS FOR ALLOWING COPY OF C FORM PLS. LET ME KNOW
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
harsness in retrospective amendment
Hello,
Assessee has disallowed deduction under section 80 P(2)(a)(iii) with retrospective effect. Accourding to constitution of india, Court may be considered the amendment to the excessively and unreasonability retrospective voilates the appelants fundamental right under artical 19 (1) (g) and artical 14. So please give me refral cases on this point.