sanjay
10 March 2008 at 16:06
Dear Sir,
suppos one company doing construction which has based on cyprus, when this company state a construction before received money for cyprus, which fund, make a FDR in bank in srote terms and earned Interest and after this according year state work,
Please advice me this interest is mention other income or reduce to construcion cost, which borrowing capital taken after work state,
I waiting you reply
Thanks
Sanjay
Rajesh Kumar
08 March 2008 at 10:59
The parliament of our country has plenary power of legislation. Such plenary power of legislation also inludes legislation with retrospective effect. However, can this power be exercised in a cavalier manner? Should law be amended by the Parliament merely to bolster the departments case in cases against individual assessees? What is the reason of amending Section 108 of the Customs Act retrospectively? What is the reason of asking interest retrospectively, if the assessee fails to deduct TDS as per his understanding of law (vodafone case)? Should parliament give reasons for retrospective amendments? Even the governemnt and department has been delegated power to make subordinate legislations retrospectively- disgusting.
In my view power to legislate retrospectively is an extra ordinary power and must be exercised with great care and restraint. It may bring the law into disrepute and affects the sanctity of Rule of Law.
Can u imagine a situation when you paid your taxes properly as per law- and tomorrow parliament amends the law and you become a defaulter. Do u want this situation in our country?
charu chodha
07 March 2008 at 19:36
in a case tds amt. was not claimed as no tds was deducted at time of filing return but later on assessee got tds certificete for a/y for which he has filed return.so how it can be cured?time for revised return is expired....
CHANDRA PRATAP DASILA
07 March 2008 at 18:38
What are the Criterias required for a land to be entitled as Agriculture land.
Land Revenue Record ?
Agricultural produced sale Receipt ?
Outside municipality or 8 KM from it ?
Previously used for agriculture purpose ?
surya
07 March 2008 at 15:24
how can i pay fbt of 4th qtr.within 15th march, where as the quarter ends in 31st of march
madhavvan
05 March 2008 at 18:51
for property taken on lease we have to pay service tax whether we can take credit of this service tax paid against any taxable input service rendered by us
premalgor
04 March 2008 at 21:16
If i were to form HUF
than what are the benefits from taxation point of view
as agst forming a company
kartik dedhia
04 March 2008 at 15:20
sir/madam
i would like to know how they value a particular item when it is imported by a person when he returns back from abroad. suppose that person brings a laptop say Worth Rs.50000 from abroad and that particular laptop is available in india for rs. 75000.
is their any schedule which is available for reference.
pls reply at the earliest
regards
kartik
Rahul Kejriwal
04 March 2008 at 14:34
1. Whether service tax paid by a service receiver of a good transport agency could be claimed as an credit while payment of excise duty by the same service reciever ?
2. whether VAT could be setoff against CST or vice-versa ?
3. Whether any manufacturing company who is liable to pay excise duty could avail credit of service tax paid in case of input services viz. telephone, courier, etc.
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Savings Account
Hi,
My surname has changed after marriage.
I had a PAN No in my name and have a bank account.
Since i was not working -i did not file any returns.
After marriage my surname changed and i got a new pan no.
i have a savings account in my name begore my marriage-i keep depositing money in it.
Can you please let me know the tax libality for teh same.