Does service tax is liable for leasing the home appliances like furnitures? is there any SC judgement on this aspect?riven
Sir,
A private company as received share application money in cash in bulk amount and the case is in scrutini another thing that the amount which as received in cash as been return in the next financial year through bearer cheques so please sugges me how i can keep this case in front of ITO.
riven
The assessee is eligible for deduction u/s 80 IB of the Incometax Act 1961. Along with manufacturing activivties, the assessee undertaking has started job work for outsiders and receives labour charges from the parties. Whether the amount of labour charges received form part of the eligible profit of the concern? Can the assessee claim deductionu/s 80IB on such labour charges received or the same is to be excluded for the purpose of determining eligible business for claiming deduction u/s. 80IBriven
Sir,
The query is that the private company has received share application money in cash in bulk amount during the year and it has been return in next finanacial year the case is in screwtatni so in case how we can persent in front of ITO please sugges me its urgentriven
whether preference share dividend reduces accumulated profts ?riven
Dear Sir,
1)Is it required to get Authorisation from Commercial Tax Department, to sign on Invoice of Sales under Karnataka VAT? If so, what is the Form to be used for this(is that in KVAT Form 5)?
2)The word "Statements" given under Rule 171 of KVAT Rules, 2005, does it includes invoice too?
Thanks & Regards
Sandeepriven
By the order of Supreme court, pre declare consignee will not treated as sale in transit. what is the status on this as tto consider the pre declare consignee.
culd i get the copy of this judgement.
riven
sir,
i have asked the query of share application money on 10/09/09 but still i have not received any message.
the query was that the company as received share application money in bulk amount in the foam of cash.and the same amount was refunded in the next financial year through bearer cheques.and this case as been gone in secrutini.so please give suggestion how to keep this typr of case in fornt of ITo.riven
respected sir/madame,
my company has been served the notice for scrutiny u/s 143(1)for AY 07-08. in the proceedings, the ITO is asking us to furnish certains insurance claims related details for the year previous to this.upon our objections, he has demanded the same details saying this is required as the details are mentioned in P/L a/c. our p/l account always show previous years details in comparision with current years. also he is asking for opening in closing stock details for AY 06-07. his reasons being this is the only way he can assess the stocks !
q:does he have powers to ask details as mentioned ? how do i safe guard my company ?
riven
Tax on Army Kargil widow Pension
I have a client whose pension is 8500/- from army, 3500/- from U.P. government & 2500/- from Shara India.
Central Govt. is also issue a petrol pump in 2005,
she earned about Rs 2,20,000/- per year by this pump.
After clubing, her Income is about 394000/-.
So I want to know If there is any relaxation in Income Tax on War widow pension.
riven