Sofware Item Service Tax and Vat both liabalities arise
is it possible any one can give me circulare of this
Hi,
I want to help my brother monetary to buy a new house. I am confused as what is the best way to help him with money which is currently in my account.
Please suggest legally best way so that we need not to pay any tax on the same amount.
Dear Experts,
One of my client is a grandfather and he has given gift Rs. 10lacs cheque to his grandson who is 2year old can u tell me what will be the tax effect on this and what documents should be neccessary for preparation of this.
Our client is running proprietorship firm and engaged in export of Handmade Carpets. He purchases the yarn from market after that gives to the contractors on jobwork basis and carpets have been prepared.
They are also claiming drawback on export of carpet but there is objection of the department that it is not clear that the client is working as manufacturer or merchant exporter. If it comes under the manufacture activity than they are not registered with Excise Deptt. As in our knowledge there is no excise duty on manufacturing of handmade carpets. ( It is prepared by use of 85% Viscose yarn and 15% of cotton.)
The contention of the department is that since they are not taking the benefit of cenvat credit therefore not eligible for Drawback.
Please guide us the procedure for taking the drawback and DEPB on export of carpet and whether the product is dutiable under the Excise Act or not. In this case , the category of the applicant will be manufacturer or merchant exporter?
Respected friends,
Kindly clarify my following query.
A owns residential plot of land at two places namely at place X and place Y. He decides to sell land at X and out of the sale proceeds , he wants to construct a warehouse ( for commercial purposes) at place Y. The exemption from tax on capital gains arising on the transfer of residetial land can be availed only if A constucts or buys a residential house/ flat ( residential) and exemption is not available for constucting a ware house for commercial purposes.
Is it correct
regards
sr laksminarasimman
Mrt ex-wife has submitted fictious list of Streedhan supposedly given by her father - mother in 1988 during marriage amounting to ~10Lakhs in present terms, apart from claiming rs.50,000/-pm maintenance since i am living in Dubai. Case has been pending since 2005, and I have won acquittal in fasle 498a case in 2008. SHE HAS ALSO THREATENED MY DAUGHTER WHILE DEPOSING AGAINST HER ADULTERY AS BEING THE SOLE EYE-WITNESS. I HAVE FILED FOR IPC-211 UNDER 340 R/W 195 ETC.
Q. CAN I FILE A APPROPRIATE COMPLAINT IN IT DEPT. ATTACHING THE LIST OF ORNAMMENT OF HER MAIN PETITION AND ASK IT DEPT. TO CHECK AND INVESTIGATE WHETHER HER FATHER HAD FILED 'IT RETURNS IN THE YEAR 1987-88, AND FROM WHERE HER FATHER GOT SO MUCH MONEY, SINCE HE WAS ONLY GOVT. EMPLYER IN RAILWAYS, NOW RETIRED SINCE 1993?? THIS IS TO PRESSUREISE HER IN FAMILY COURT AS SHE HAS BEEN ACTING VERY SMART, AND LADY JUDGE SEEMS TO BE HAND-IN-GLOW WITH MY EX-. I AM SUFFERING FOR LAST 5 YEARS AND LOOKING AFTER MY MINOR CHILDREN AS WELL. I NEED TO PUT A CAP ON THIS LONG DUD ISSUE AS MY DAUGHTER IS ENTERING INTO COLLEGE AND I NEED TO FOCUS MY TIME, ENERGY AND MONEY ON THEIR PROGRESS, WHILE MY EX- IS NOT ALL BOTHERED ABT WELFARE OF CHILDREN- ALL SHE AND HER PARENTS WANT IS ~RS.50LAKHS TO SETTLE THE WHOLE MATTER, WHILE I M ALL OUT TO PROVE HER ADULTERY, BUT TIME IS RUNNING OUTON ME. PLEASE URGENTLY GUIDE ME ON THIS. THANKS- SAMIR
if a person is handicapt & get rebet of 50000/- have a dependant child /father /mather also disable what is the total rebet he can claim ?
What is the relevancy of this act in the present situation?which are the circumstances in which this act can apply ?relevant cases?
Whether sales tax remmission amount forms part of "Profit Derived from Industrial Activity" u/s 80 IB
Where tax remmission is=
Output Vat + CST payable - Input Tax
(only one percent of the amount derived from above formula is to paid to the department and rest is retained by the concern) that mean 99% of VAT liability is absolved.
service tax on colony main
Sir,
Please advice that in what category the foloowing services will be included:
1.Construction of Temple in housing
Colony of a manufacturing comapany
2.Construction of Temple in Plant Area of
a manufacturing comapany
Actually my company is the receiver of such services, I want to check the bill of Contractor in this regard.
Whether any abatemant will be allowed to contractor