sanjiv batra
17 May 2010 at 17:10
REGARDING TDS ON WORKS CONTRACT U/S 194C WEF 01/10/2009, THE EXPRESSION “WORK” SHALL ALSO INCLUDE MANUFACTURING OR SUPPLYING A PRODUCT ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BY USING MATERIAL PURCHASED FROM SUCH CUSTOMER. HOWEVER IT WILL NOT INCLUDE MANUFACTURING & SUPPLYING A PRODUCT ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BY USING MATERIAL PURCHASED FROM A PERSON OTHER THAN SUCH CUSTOMER.
WHAT WOULD BE SITUATION, IF MANUFACTURING & SUPPLYING A PRODUCT IS DONE ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BOTH BY USING MATERIAL PURCHASED FROM SUCH CUSTOMER AS WELL AS MATERIAL PURCHASED FROM A PERSON OTHER THAN CUSTOMER.
THANKS
SKB
sanjiv batra
17 May 2010 at 17:04
REGARDING TDS ON WORKS CONTRACT U/S 194C WEF 01/10/2009, THE EXPRESSION “WORK” SHALL ALSO INCLUDE MANUFACTURING OR SUPPLYING A PRODUCT ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BY USING MATERIAL PURCHASED FROM SUCH CUSTOMER. HOWEVER IT WILL NOT INCLUDE MANUFACTURING & SUPPLYING A PRODUCT ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BY USING MATERIAL PURCHASED FROM A PERSON, OTHER THAN SUCH CUSTOMER.
WHAT WOULD BE SITUATION, IF MANUFACTURING & SUPPLYING A PRODUCT IS DONE ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BOTH BY USING MATERIAL PURCHASED FROM SUCH CUSTOMER AS WELL AS MATERIAL PURCHASED FROM A PERSON OTHER THAN SUCH CUSTOMER.
THANKS
SKB
Anonymous
17 May 2010 at 13:27
If an excess S.tax is paid under under Reverse Charge, how can it be dealt with?
Can it be utilise in the next month to settle coming periods liability under reverse charge?
Is there any procedure to be followed with the Service Tax like compulsory initimation? What is the liability for not intimating?
Anonymous
17 May 2010 at 10:30
I Am in LIC & taking VRS in coming NOV., I want to know the latest provisions regarding payment received from employer in terms of PF.GRATUITY,Group saving linked insurance,Leave in cashment . How the amount of tax will be deducted & any way to save it.
Kumar Krishan Agarwal Advocate
15 May 2010 at 22:19
Dear Sir,
1. I want to marry a girl but before marriage I want to transfer in F.D or want to give Rs 2 Lakhs to the bride for showing explicitly the safety proof of her life & living-hood in future if something mishap will occur to me after marriage.
2. Will the deduction of income tax will be deducted on Rs 2 Lakhs from assessee
OR
there is some other way to transfer the money on her name so that I will have exempted for paying any income tax amount on the 2 lakhs amount before marriage will be consummated?
3. What is the shrewd way to give the aforesaid amount to her without any income tax deductions before marriage?
gayathri
15 May 2010 at 12:49
What is the procedure for writing off tax for income derived from a foreign contract with a foreign company? i e., falling under the category of foreign exchange.
Ramdinesh G
14 May 2010 at 15:25
What is the difference between this two categories?
Eg: -If an Organisation takes technical helps of Foreign Consultant for design furniture of Stadium. Is Service Tax under Reverse Charge payable under "Design Service" as it relates to furniture or is Service Tax under Reverse Charge payable under "Interior Decorators Service" as is part of Stadium?
Anonymous
13 May 2010 at 19:05
the assessee collects the sales tax (now vat)from its dealers in the ordinary course of business but retains the same as per the scheme of the government of gujarat.the said amount of vat collected is restricted to the amount of investmet made by the assessee in the fixed assets.after the amount of exemption limit the assessee shall be liable to pay the vat collected to the govt .the assessee also carries an obligation to invest the said exempted amount in the state within the next 10 years
santosh kumar huded
13 May 2010 at 12:51
kindly provide the excel format of luxury tax annual return of karnataka
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CASH PAYMENT/RECEIPT ABOVE 20000 ON PURCHASES/SALES
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I WISH GET CLEARED WHAT IS TREATMENT IN ASSESSSMENTS IN I.T. DEPARTMENT FOR BELOW POINTS
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