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Anonymous   03 June 2010 at 10:32

service tax

Gd mrg sirs/madams..my client is travel agent he tooks car Per km basis from individual owners and forward after addition some profit to one Ltd co. per km basis.Ltd co tax deducted as contractual payment @ 2 % on full payment Rs.12 lacs.
Q1.Audit U/s 44AB required.
Q2.Service tax Liability arise.

Anonymous   02 June 2010 at 16:49

Can company take loan from other than company / share holder

One of my clients has taken loan from Company where he hold no shares of the company. As per my view, company can't grant loan to individual in such a manner as per company law. He asked me section of the company law. I am not known section under company Act. Can Anybody help me ???

SANTOSH KUMAR BEHERA   02 June 2010 at 14:08

TDS

DEAR SIR
KINDLY CLARIFY THE FOLLOWING QURREY


"ASPER THE WORKORDER WHERE THE CONTRACTEE SUPPLIES DISEALS AT FREE OF COST TO A MINNING CONTRACTOR FOR CARRYING OUT HIS WORK, AND THE CONTRACTOR SUMBIT BILLS ONLY FOR HIS WORK. WHETHER TDS IS TO BE ATTRACTED U/S194C ON THE BILL AMOUNT ALONG WITH THE DISELS SUPPLIED TO HIM AT FREE OF COST OR ONLY FOR THE BILL AMOUNT?

Ram   01 June 2010 at 21:38

Pre sale expenses - VAT

dear Sir,

we are authorised dealers in Motor cars in karnataka. After the car is booked by the customer we have to incurr some expenses like RTO fees, registration expenses, petrol expenses for taking vehicle to RTO office and decoration of car etc. we are debiting the value to customers A/c and on final billing the sum is recovered from our customers. We are not paying Vat on these values. But the Assessing Auth claims these are pre sale expenses and as per the VAT rules these sums have to be included in the taxable turnover.

Pls reply as to whether these expenses are part of the sale value or not. looking fwd for your views.

regards


ram

Jagmohan Rawat   01 June 2010 at 11:56

Property valuation -Wealth Tax

Hello friends,
For the purpose of wealth tax, my client has been declaring the value of his properties in Delhi at purchase price as per deed + estimated appreciation from 0% to 20%. But during assessment the A.O. has determined the value of these properties much higher saying though the purchase price matches the stamp duty paid but generally properties are shown at much lower rates in Delhi and actual market value is much higher. Pls help me with some judgements to settle down the issue properly.

sachin   01 June 2010 at 10:05

capital gain tax

Would like to know, How a Company can save Capital Gain Tax due to sale of property. Can it do investment in property.

Anonymous   31 May 2010 at 23:36

Registration certificate under VAT Act

Two brothers got separate registration certificate for same business at same address. Is this valid?

Anonymous   31 May 2010 at 18:10

Two TIN No

Dear All

is this possible under VAT Reule & Vat Act, get tow tin no in same co, but division is different, nature of business is differenet, place of business in different, plz advice along with section if it is possible.

Anonymous   31 May 2010 at 15:27

Section 40A(3)

Whether the purchase of capital assets by cash exceeding rs.20000 comes under the preview of section 40A(3)?

Please give me answer as soon as possible with reference.

Anonymous   31 May 2010 at 12:58

section 264

can any one pls give me the format of mercy petation to commessioner of income tax act.