LCI Learning
New LIVE Course: Toxicology and Law. Batch begins 21st July. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

PARMAR DHIREN   16 September 2010 at 23:15

service tax

what is abatement and give details of abatemnet service and how to cluculate the service tax with example.

and

service tax return is compulsory submitt online. please give me advice
thanking

dhiren parmar
advocate

SHANMUGAM   16 September 2010 at 10:14

NRI TAXATION

I LIKE TO KNOW ABOUT NRI STATUS IN NEW DTC
AS PER THE PRESENT LAW 182 DAYS IN FIN YEAR OUTSIDE INDIA WILL PROVIDE NRI STATUS IS THERE ANY IN THIS IN DTC

Jatinder Chugh   15 September 2010 at 19:28

Vat

I am a Regd dealer under Punjab vat Act and have purchased a capital asset on which 12.5% vat has been charged. Now my query is whether I can claim ITC on capital items @ 12.5% or at the rate of 4%.

Mahesh Chand Gupta   14 September 2010 at 23:02

Service Tax on Works Contract

Dear Sir,

The audit department of Service Tax wants specific notification/circular/any rule covering exemption of Service tax on Manyawar Shree Kashiram Ji Shahri Gareeb awas yojna circular no. 5376/9-5-08-153lk/08 dated 24.07.08. You may get access to this yojna on internet. Please provide the same for which I shall be highly obliged.Please give you mobile no. and email address so that the matter may be resolved at the earliest possible.

I am a Chartered Accountant practicing in Ghaziabad. I have a problem on Service Tax. My client got a works contract in November, 2008 under Kashiram Yojna of Uttar Pradesh Government. The houses constructed under Kashiram Yojna were distributed to poor persons without any profit. Uttar Pradesh Government gave First contract for construction of houses to different development authorities of the districts. Then development authority sub – contract the work to different contractors who constructed the houses. It was said by the development authorities that this Yojna is functioning on no profit – no loss basis and is for the benefits of the poor so no Service Tax is payable on these works contract. That’s why my client got no payment for Service Tax from the development authorities and not paid Service Tax on these contracts. Now, audit team from Service Tax Department came to my client and said that you are required to make payment of Service Tax for the payments received from development authorities under Kashiram Avaas Yojna. You are requested to provide remedial information. I shall be highly obliged.

Thanks

Yours Faithfully,
Mahesh Chand Gupta
Chartered Accountant.
email – camcg49@gmail.com, maheshjindal2009@rediffmail.com
Mobile. 9871648140, 9212566323
Mahesh Jindal And Company
Chartered Accoutnants,
B – 13, Lohia Nagar Market,
First Floor,
Ghaziabad - 201001

Anonymous   14 September 2010 at 21:12

MVAT periodity for new dealer.

hi,
i am a newly registered dealer what is my periodity? it is not display on official website. is it quarterly or half yearly?

Anonymous   14 September 2010 at 21:06

HOUSING LOAN DEDUCTION

SIR,
WE BOTH HUSBAND AND WIFE HAD TAKEN A HOUSING LOAN IN JOINT NAME. REPAYMENT IS MADE BY HUSBAND ALONE. COULD 100 % BENEFIT OF DEDUCTION ALLOWABLE TO HUSBAND ALONE? PLEASE, SOLVE MY QUERY.

Anonymous   14 September 2010 at 20:59

MVAT RATE MORE BUT CHARGED LESS TO CUSTOMER

SIR,

MY QUERY IS THAT IF A DEALER REGISTERED UNDER MVAT RECOVERS VAT AT THE RATE 5 % ALTHOUGH, SCHEDULE RATE IS 12.5 % BY MISTAKE. PLEASE, PROVIDE THE WORKING FOR TAX LIABILITY.

SOWRIRAJAN A   14 September 2010 at 16:55

Professional Tax

Are the Govt. servants be termed as Professionals. Whether the salaries of the employees of Department of Posts is paid from the revenue of the Central Government. Mere employment in either State or Central Govt. does not means that their salaries to be levied uder Professional Tax. Only employees of Govt. run professional undertakings like BSNL, LIC, GAIL, SAIL, ONGC etc. to be covered under Professional Tax. Because their income is derived from the professional run by the Govt. Secondly, charging the employee under a Professional is not acceptable. Only the employor who run such profession to be charged under professional Tax. Govt. employees cannot escape from taxation, doesn't means that they will be subjected to all kinds of taxation.

sowrirajan1@gmail.com

R_PVK   14 September 2010 at 11:57

regarding the longterm capital gain

Dear sir
M y mother had been issued the letter of aministration for the property worth of one crore
the querry is
1, any asset if sold within three years are bound to have in come tax or mere title change is supposed to be Gift. if my mother is thinking of distributing it to their childrens say 4 + to the two daughters of his brother what will be the procedure
2, if she pays tax like high capital tax gain or low capital tax gain and distributes to the children and brothers daughter whether the receiver has to pay further tax or will it be treated as gift
3, what is the maximum limit above which the gift tax has to be paid
4, whether the long term capital gain will be calculated right from the date of sucession certificate issued or from the date of row house purchased by my uncle but he is no more and thus the sucession certificate applied and got. pl do reply
regards
prabhu

mukesh gupta   14 September 2010 at 08:51

Request

i am consultant in ferro alloys industry, i follow mercentile method of accounting,i raised an invoise to my client on 03/03/09, i have not received the payment.
DO I HAVE TO SHOW THE INCOME FROM THE SAID INVOICE IN MY INCOME TAX RETURNS.

please advice and about tax also