HI FRIENDS,
Please suggest any planning for the below case-
Three Parties involved namely A- Manufacturer, B- Dealer(Wholesaler), C-Consumer. A issue excise invoice to B but B is unable to claim excise cenvat credit bcoz he is not registered under excise.If B takes excise registration then he claim cenvat credit but there is one more problem that consumer doesn't want bill.The crux is that dealer can avail credit only if he is able to pass the benefit of same to end consumer.If he claimed the cenvat without issuing bill to consumer, then cenvat claimed wil be of no use.I hope i have drafted my question well.
Please reply
Thanks
Dhiraj
Member (Account Deleted)
21 July 2015 at 09:59
Dear sir,
I am going to purchase a plot of 218 sq.yard in our town through loan.But as government value is 4000 in that area I'll get loan very less .So we have increased Govt value to 9200.So now the seller is saying that we have to pay tax of 20% on capital gain.But he bought that site in 2007.Is this correct to pay what he says? PLease suggest me in this.
mayankagiwal
20 July 2015 at 21:22
Dear Sir,
We have file defective Income Tax Return for A.Y. 2013-14 and CPC Issued Intimation U/s 143 (1) for such ITR Proceed and issue a demand of Rs 33 lacs by disallowing other expenses claimed in itr by mentioning that Details of Other Expenses not given correctly.Further CPC issue Notice U/s 154 and time for revision is time barred now how to resolve the issue pls suggest.
Naresh Mohan Gupta
19 July 2015 at 12:28
I have some Long Term Capital Gain from shares. I have filled ITR 2. Where should I show this income in CG? Under B2a or B3ia
Please guide.
rasheed
16 July 2015 at 12:32
Dear Sir/Madam,
I'am working in a factory in Karnataka in where we are exporting sugar from our own manufacture & some time we purchase from other manufacturer & export, Sugar is a exempted from Tax in Karnataka, help me about Form-H for above two type transactions.
Thanks & Regards,
Mulla Rasheed.
I have petrol pump in bhavnagar ,the sales tax department has seized my personal as well as current account.we r staying in mumbai .the people who are running the business is on our other partners instructions and we have a dispute with him so to trouble us he has fiction the situation by the people who are really looking in this matter as well we now came to kno that he has sold it and we have not received any profit or any amt of sold consideration .
Still on paper we are partner but the department has seized only my account.
So my question is why the other two partners are not liable equally to pay their part of tax. And if so then wht is the meaning of partnership??
Sir,
Thanks! in advance.
I filled ITR-4S for one of my client ay 2014-15 in November 2014 and TDS claimed recieved may 2015 Rs. 11220 with interest.
Now, few transaction has been put by Muncipal Committee and unclaimed TDS amount shows for same AY 2014-15.
Details are here:- MC shows now billing of Rs. 38 lac app. and TDS Rs. 26790
Earlier while filled ITR it was Rs. 10.70 lac and TDS Rs. 10788(recieved tds also).
NOW, TRACES 26AS shows Billing amount Rs. 26 Lac app. and TDS Rs. 26220
How can claim rest of the TDS?
How will show billing amount and rds claim?
Please help.
Regards
himanshu gupta
14 July 2015 at 12:01
My father purchased a property in ghaziabad in 1981 for Rs. 18000 now he sold that property in Nov.14 for Rs. 7600000 and he purchased a property in Gurgaon in the name of me and my wife for Rs. 7000000. Can you plz tell me what will be the long term capital gain on this transaction and what is the tax liabilities on this transcation
Ramesh kamar Mutneja
13 July 2015 at 13:41
Sir.In A.Y.1988-89.an experts order was passed by assessing authority against me
Then I appealed to commissioner.The commissioner passed the order and accepted the appeal. The department moved to tribunal againt the order of commissioner on 08/04/2003.Till date i am regularly searching the status on itat.on line.But till date they are showing First date (blank) other date (blank)Power of attorney
(blank)Heard date (blank)Order date (blank)
Now please advise me what should I do.Is any time limit or not?. I should contact them or the department will intimate me in future.pleas advise me. Thank.
Procedure for 26a
WHAT IS THE PROCEDURE TO SUBMIT FORM 26A UNDER INCOME TAX ACT. TO WHOM IT IS TO BE SUBMITTED. WHETHER IT IS TO BE SUBMITTED MANUALLY OR ELECTRONICALLY.