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SANJIV BATRA   29 January 2011 at 15:35

CST APPLICABILITY ON BRANCH TRANSFERS

WE ARE MANUFACTURER OF T.V.AND OTHER ELECTRONIC GOODS. WE ALSO IMPORT ELECTRONIC COMPONENTS FOR USE IN OUR PRODUCTS. WE HAVE OUR ONE UNIT AT NOIDA. IF WE TRANSFER SOME ELECTRONIC COMPONENTS TO OUR NOIDA UNIT AGAINST FORM 'F', IS ANY CST LIABILITY ARISES ON THIS TRANSACTION OR NOT?

THANKS

SANJIV BATRA

Anonymous   29 January 2011 at 13:20

Income tax caculatio

i am working in a company.
i also invest some money into the stock market.I have a nett loss of 50000 from the same. During tax calculation this amount will be deduct from my total yearly income or not.

Anonymous   29 January 2011 at 09:51

Sale of parent's property on demise ?

My father had two flats in Mumbai and he died intestate without a will. We are now 5 legal heirs and want to sale the flats so that each gets his 20% share.

What will be tax implication on such sale and what happens if I invest my share in buying a flat and borrow from bank for the shortfall amount ? Awaiting your expert opinion.

Anonymous   29 January 2011 at 09:37

filing return of income

my uncle was not file his income tax return for AY 2009-10(PY 2008-09)but he had no taxes due.so how he would be penelised and is there any klast date to file his belated return.what are the consequences.please clarify me.

man   28 January 2011 at 22:18

To Know Process Of Income tax

If i have submitted all the proofs including LIC, Mutual fund for the imcome tax, how they have cross check in income tax department?, they have cross check using my policy number

Anonymous   28 January 2011 at 20:05

E1 Sales / purchase

In E1 Sales

1. Should the first invoice (i.e)invoice of the original seller must contain a word as E1 Sale anywhere? Whether the delivery address in this invoice must be first buyers address or the subsequent buyer address?

2. Can the first buyer raise invoice to his subsequent buyer with his profit or the value should be the same as original invoice?

s jain   27 January 2011 at 23:28

Sales Tax F Form

Query against Form F
If A Company Deals in Two Item
· Cement 13.5%
· Spices 4%
If the company buys cement locally and sell locally & the company Import Spices and sell the goods against F Form
And if we cal culcuated reverse tax calculation
What should we do and how please do write your comments
As cement has input tax but spices have no input tax how can we do this?
As in spices I m sending against f form but no input tax is avail over……
Reverse tax rule 23 by 4 west bengal sales tax
ncbc@in.com

mathew vashum   27 January 2011 at 19:52

section 143(1)

I have paid all due i-tax by TDS for 2009-10 and filed my return at my ITO in 7/09.Now suddently i got this intimation under 143(1) for payment showing a lesser prepaid tax than showen in my M.16.Morever a education cess along with int.under u/s234A/B/C for an amount far exceeding my initial TDS.Now what are my options as all my Tax payments are book adjustment being under Rly.Should i seek harrasment by the IT official as the amount due is no justification from any official working in IT.

Anonymous   27 January 2011 at 15:02

Earning

Hello Sir,
I m law graduate and doing practine in Taxation manly in Direct Tax. Is there is any way to Earn money In this field by online or by mobil calls. or some other souce adopted from home. Plz help Me....

Anonymous   27 January 2011 at 14:06

Liability under Central Excise Law

One of my clients is a manufacturers of PVC Profiles used for the fabrication of Window and Door Frames. The manufacturing is located at Hyderabad in AP. The Company is now venturing in to taking contracts for the designing, fabricating and instaling the Window and Door Frames for the builders. The query is :

1 If the Company delivers the profiles as returnable material to various small fabricators for making Door Windows and Frames on job-work basis, does this activity tentamount to manufacturing ?

2 After the fabrication of Window and door frames, the Company would be using them in execution of works contracts.

3 What is liability under CE Rules on both the fabricators as well as company.