Anonymous
26 August 2010 at 18:02
Dear Sir,
X co purchase to Co. y without any docoument whatever related to sale tax, so x co unable to find out its pervious status so any section under the dvat act whcih is help open the file and know the status from date of Lablity.
Anonymous
26 August 2010 at 13:15
During the AIR scrutiny of an Individual Advocate,
the show cause was issued that to explain
why interest debited to income and expenditure account of professional firm not be dissallowed.
Your expert review is requested.
sushil bhatt
25 August 2010 at 16:01
We are a Company, we have filed our original ITR for the AY 2008-09 on 03.10.2008 while the last date of filing the ITR was 30.09.2008. The delay happened due to some internal matter of the company and heavy load on website. We have shown the profit in ITR and claimed X amount as refund after filing the details of TDS certificates received by the Company.
After filing the orginal ITR we hv received some more TDS certificates, accordingly we revised our ITR well within the stipulated time and claimed the revised refund after including such TDS certificates.
Now the authorities are saying that since our original ITR was not filed in time, they are unable to refund the money as aked in revised return. According to them, only the refund claimed in original ITR can be released.
Is it so? Is there any law or procedure of such kind?
Pls advise.
SANJIV BATRA
24 August 2010 at 22:57
MR.X IS A PROPRIETOR OF A SOLE PROPRIETOR SHIP FIRM M/S XYZ. HE PURCHASES A PROPERTY IN THE NAME OF (1) MR.X SOLE PROP.M/S XYZ INSTEAD OF (2) M/S XYZ SOLE PROPRIETOR MR.X.
IS HE ELIGIBLE TO PURCHASE THE PROPERTY IN HIS NAME ALONGWITH HIS SOLE PROPRIETOR SHIP FIRM NAME AS MENTIONED (1) AND CLAIM DEPRECIATION UNDER INCOME TAX ACT. I THINK THAT MR.X CAN CLAIM DEPRECIATION UNDER BOTH THE CASES. PLEASE CLARIFY.
THANKS
SANJIV BATRA
Anonymous
24 August 2010 at 14:07
Sales Tax collected at the prescribed rate of 12.50 % but paid only after deduction sales tax set-off available on purchases as per Maharashtra Vat Rules and showing it in the books of accounts as "Other Receipts".
My Question is -
1. Is it a case of Additional consideration in terms of the Excise Valuation Rules ?
2. Is Excise duty payable on the amounts showing as "Other Receipts" in the books of accounts.
Pls explain/ clerify.
Anonymous
22 August 2010 at 13:34
Hello Friends,
My query is that in Maharashtra a dealer can get full set-off in Bardana Purchase or reduction in purchase amount?
Plz reply as early as possible
Thanx in Advance
rajesh vishwani
21 August 2010 at 17:07
profession tax is payable by advocate from date of obtaining sanad or is there any exemption?
ANAND SHARMA
21 August 2010 at 14:16
Dear all
Please give your valuable feedback on following query:-
One of my client is in the business of development & selling of software.Software can be in the form of Branded i.e. canned software or tailor made software.
Now question is on these softwares they have to charge VAT or service Tax?
i.e. its a good or service?
Regards
Anand Sharma
VISHAL KUMAR CHOUDHARY
21 August 2010 at 12:24
Please inform whether a trust can give donation to another trust and provision releated thereto as per Income Tax Act,1961.
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Regarding section 14A read with rule 8D of I T Act,1961
whether investment in Pvt. Ltd. Company to be considered while calculating half percent of average investment.Moreover this section is not clear to me please help me out.