Anonymous
30 September 2010 at 19:59
Please reply with necessary notification or circular taxability(Tax Rate) of pre used commercial vehicle under West Bengal value Added Tax Act
hussain
30 September 2010 at 10:52
how to calculate interset if on profit no advance tax deposited.
Thanking You
Hussain
Er.SUNIL VASUDEVAN. M.Tech, LL
30 September 2010 at 10:41
A person resigns in October. Can the employer recalculate his annual income as salary X 10 months, work out the monthly deduction accordingly and adjust in the last two months pay?
Anonymous
29 September 2010 at 17:53
Respected Sir,
I am a dealer in monofilament cloth and narrow woven fabric and covered under the vat act2003 under sh.1 37A.It states textile fabric made of artificial silk is exempt from sales tax.Howerver there is confusion arising with our product and it is been confused with HDPE Fabric and hence taxable.We moved The Sales tax tribunal court stating that the textile fabric goods are covered under additional duty of central excise act and earlier goods like mosquito net,elastic tape was made exempt under this context.The court directed us to move to the Finance Secretary and he will dispose of the matter within 4 months from the date of submission of the papers.
I deposited the papers on 22.9.2008 and till date no response.
However with the passing time goods were seized and relesed by the officers recording that monofilament clot is a textile fabric made of artificial silk and no way bill is required for the same to import these goods.The officer in charge have made assessment stating monofilament cloth to be tax-free goods.
Now recently goods are seized and upon production of the relevent papers the central section dept.are of the view that if the Finance Secretary has not considered the matter they cannot establish any view.
Even notification under Sec8(5) of WB states artificial silk will have the same meaning as under additional duty.of excise.
There are many case laws to establish the diff. between HDPE Fabric and monofilament fabric.
Now I am in a mess and am unable to decide how to proceed and who can actually decide and identify the product.
Please help.
Regards
Sanjay.
akash
29 September 2010 at 13:10
Respected Sir/Madam,
we have a huf file.we are three members of huf,myself,mother and elder sister(not married). myself(akash jindal) is the karta of huf.there is one land in the name of my mother(sharmila jindal)which we purchased 5 years back and showed in the Huf file.the land is shown as assets in huf file.
now my mother wants to gift half of the land to me being her son.the value of land is above 25 lacs. i have my own income tax file and wants to receive the land and show it in my individual file.also my sister is ready to give n.o.c. to this effect.
the question arises whether she is allowed to gift the huf property to me as an seperate assessee.what could be the tax liabilities and whether this will be treated as partition of huf.
which act and sections covers the above mater.
thanking you
Anonymous
28 September 2010 at 22:29
Sir,
I have pan card on which i have been filling the return for last six years, now I have been told by ITO that same PAN is also alloted to some one else having same name in another city. Now neither my return is proccessed nor they giving refund. Now I apply for new pan but they refused to refund the tds which was deducted on my previous PAN. please guide me what should i do.its URGENT
amiya kumar pradhan
28 September 2010 at 15:50
We are an Indian subsidiary Pvt Ltd company .Our Parent/Holding company is based in Malaysia. Our Parent Co desires to charge Management Consultancy Fee towards imparting knowledge etc. Can the Parent Co do So ? If yes then what will be the tax implication on the Subsidiary company (us). Please advise
Vijay Kumar
28 September 2010 at 14:08
I need to know, whether the partner of a firm has to mandatorily e file his individual return, if such firm is under audit u/s 44AB.
Please reply soon, !its urgent...!
Anonymous
27 September 2010 at 22:26
Income from salary head is not allowable to set off against the loss in income from business of trading(viz.potato trade)
Remuneration/ salary to a MP/MLA assessed to income tax under other sources head.
Generally loss on business head income will be set off against the income of other sources income (viz.interest).
My query is that whether the remuneration of MP/MLA (other sources head income ) will be set off against the loss on business head income.
Need the answer urgently. Anybody can help me.
G
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tax deduction??
dear sir,
i recently taken bank loan, in march Rs.20lks, we are already submitting IT RETURNS from past 2yrs.
so hw much of tax deduction can v hv to pay??