Vivek Laddha
04 October 2016 at 12:33
One assessee has received the notice for income tax and the tax recovery is much likely.
He has 2 assets i.e. House (Market Value-40 Lakhs with Home Loan=12 Lakhs) and car bought in 2013, but not the money in hand and bank.
0)Can the client transfer his home to wife before Income tax applies provisional attachment?
1) What can be the issue to bank?
2) What can be the issue to Income Tax?
3) Can Income tax apply attachment provision retrospectively?
4) Could the Income tax department attach the property even after transferred to wife?
Santosh Kale
04 October 2016 at 07:48
Dear Sir,
Our builder have charged 12.5% service tax on one time 2 years advance maintenance charges & have given a receipt of maintenance charges only.
Is it applicable?
Pl advice.
With regards,
Santosh
santosh
02 October 2016 at 13:17
One of My Client is a work Contractor. He has West Bengal Vat No., He got a notice from Sales Tax Office for Non-filing of Vat Return for the period 01.04.2014 to 31.03.2015. In this connection i want to say that the assessee has no any works contract and his transaction is nil til now. He has not submitted any Vat Return during this period. I Know that he has to submit Nil vat Return. He has disput with his lawyer so he also not know User ID & Password of Vat Return. Now please say anybody how he will get condonotion for non filing of Vat Return and how will penalty will excuse ?
shail
01 October 2016 at 03:19
Sir,
my questions is Can service tax scrutiny be done for 3 years together?
AJAY
30 September 2016 at 10:51
respected sir/madam
yesterday i went to a stationary shop for purchasing a book, when i asked the price for that book he told me Rs.150/- which was 50/- ruppes above from the MRP, when i asked him MRP is 100/- rupees why he is charging 50/- extra he said the price is fix , buy it if you want otherwise forget it, further i politely asked him will he give me the bill, i asked him he can give me atleast MRP price bill he said he don't give bill to their consumers.
i want to complain that shoopkeer
can you please provide me any phone number or any address where i can file the complaint against that shoopker
However i do not have any evidence against him but i am sure he do not have any trade licence and he is not maintaining any account book
anuj mishra
27 September 2016 at 13:56
Sir,
I HAVE SOLE PROPRIETOR SHIP BUSINESS WHICH I REGISTERED UNDER COMPOSITE VAT SCHEME BUT I DON'T KNOW HOW TO MAKE THE VAT PAYMENT AND THERE RETURN PLEASE ADVICE ME.
Punit
26 September 2016 at 11:12
Respected sir
We are online sellers most of our products are purchased without bill we make purchase of around 7 lakh monthly so i just want to know how do i get bills for those purchases and how can i pat Vat on it also how much i need to pay Vat if i purchase a product for rs 100 and i sell it for 200rs
Silent victory
24 September 2016 at 16:51
Our builder continues to ask for VAT on flats purchased in 2008 from 2012 onwards . His amount has remained constant and at approx 5 % from 2012-2016 despite various trade circulars providing clarity on methods all the way upto 2014.
1. His requests are only in form of letters
without any computation
2 Through RTI i know he did not pay vat
in time and received notices and
finally an ex parte order with
interest and penalty exceeding the vat
amount .
3. He only claims his method is under Sec 58 but at 5 % his amount is 3 times what we think it should be
4. Society has been conveyed and possession letters given long back
Questions for experts
1.Is he within MVAT law to claim a figure from buyers without giving any backup or tax invoice
2.Is he oblidged to give proof of payment if i insist .
3. if there is a vague clause in contract that service tax and all other taxes to be borne by buyer ... does it become a perpetual surviving clause or it has a time limitation of 3 years fro his demand
naveen mehta
22 September 2016 at 16:42
I received a notice from income tax for paying Rs 4/- less income tax this financial year please suggest whether it is necessary to pay Rs 4/- and also guide me how can I pay it thanks
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West bengal civil contractor vat assessment 01.04.2014 to 15
on behalf of one of My Client I attend the vat assessment for 01.04.2014-2015. He is a civil contractor. He is registeredd in WB Vat Act. He has no any contractual income. The Transaction is Nil. Only Starting June' & Sep'14 Nil Return has been submitted.In Income Tax File he shown Business Income Head Genaral order supply of sand, Bricks & Stone Rs. 85200/- and Gross Sale is 430300. His June & September Qtr. of 2014 is submitted as nil Return., He has a Bank current A/c in the Firm name but not shown in Income tax File. In Current A/c Rs. 70000/- Deposited for small Contract Job for which no TDS & STDS is Deducted. The Current A/c is not shown in Balance sheet of F.Y.-2014-15.In Balance Sheet Under Bussiness Income Head General order Supply Income & Truck Plying Income Rs. 188900/- shown and Gross Receipts from Truck plying Income is shown Rs. 1111200/- & exps. there on 922300/-. I submitted Balance Sheet & I.T. Return to Sales Tax Officer. He says that He will impose penalty on Gross sale of General order Supply & Truck Plying Income. A Huge amount of tax he will calculate. Now I am in Great Tention. Please any body say how i will stop the s t officer to impose tax? I am waiting of reply of any consultant. My Email ID-santoshsharmas65@gmail.com