S B S KOTAMRAJU
17 May 2015 at 14:58
Dear Sir,
we have closed our partenrship firm started by My father in 2002 and doing business under new firm (a limited company). We have availed sales tax deferment and when we are trying to close the dues , the department claiming that there are dues on our closed firm. Can they reclaim the tax dues on our running unit after 10 years stating the blood relation between that firm and this company.
Karan Gaur
16 May 2015 at 15:28
Greetings of the day to all experts!!!
A bank employee declared all incomes including sale and purchase details of a plot. But bank deducted tax only on salary amount and did not consider the short term capital gain on sale of the plot.
Fact came to the notice of the department can penalty be imposed on the EMPLOYEE for not paying tax on short term capital gain.
avneesh
13 May 2015 at 00:36
i want to practice in u.p. VAT. so plz suggest me a book for up vat
KETAN MANDANI
11 May 2015 at 14:58
If I am providing consultancy services to The World Bank (International Bank of Reconstruction and Development (IBRD)) and receive professional fees, (for services to be rendered in India and Income Accruing in India)
1) are such fees exempt from Income tax in the hands of service provider?
2) are such fees exempt from Service Tax in the hands of Service Provider?
Please give your valuable opinion..
thanks & Rgds
Ketan Mandani
Monish Nilwant
11 May 2015 at 10:42
Dear All,
I am looking for legal issues whihc are mostly litigated under the Income Tax Act?
as in what kind of disputes are raised before courts under Income tax Act 1961,
Also what is the hierarchy of courts/forums created under Income Tax Act 1961?
Do the disputes directly go to HC or there are any specific tribunals?
If someome can at least help me with the relavant sections for disputes and Forums i would be thankful.
ashwaninarnoli
07 May 2015 at 16:32
Dear Experts,
We are dealing in trading of goods. our head office is in delhi. Earlier we made purchases without taking any VAT Registration. We have recenly opened our warehouse in NOIDA and apllied for VAT Registration under UPVAT. However, we have transferred our goods to the warehouse without any formality. What would be the legal implications as per UPVAT.
VIKAS
06 May 2015 at 16:45
Sir,
can filled income tax return ay 2015-16 form ITR-4 & 4S offline? Because online schema has not updated till today. And urgently need to file for loan purpose.
Pl suggest right wayout.
Regards
Vikas Sharma
Abhishek Gupta
04 May 2015 at 08:57
My Grandfather has a joint account with my father. The first name is of my grandfather and second name is of my father. Grandfather has made 2-3 Fixed Deposit(FDs) of Rs 2 lakhs. On FDs also names of both of them are written.
Now my grandfather has expired.
Just wanted to know the Tax liability of this amount on my father. Does he need to pay Income Tax on the entire amount ie. Rs 2 lakh + interest on the FDs ? Or only the Interest earned will be taxable.
Regards,
Abhishek Gupta
sanjeevkhandelwal
01 May 2015 at 20:53
Dear Members,
please tell us simple procedure for changing juridiction of ITO.Suppose one assesee filed his return in Hydrabad and his ITO juridiction are Hydrabad now he was settle in Mumbai, and filed his return mentioning Mumbai Address without changing his juridiction (Assesee filed e return )
( NOW HE WANT ANY FUTURE CORRESPONDANCE WITH MUMBAI ITO)
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Sale/purchase transactions through job worker
DEAR EXPERTS,
Please find the illustration below, & let me know your Expert opinion:
 ‘A’ is a Manufacturing & Marketing Company, having its registered office & works at, Haryana.
‘A’ is registered under:
1. Haryana VAT
2. Central Excise
 ‘B’ is the Branch office of ‘A’, at Uttar Pradesh.
‘B’ is registered under:
1. U.P. VAT
 ‘C’ is a Manufacturing & Marketing firm, having its registered office and factory at, Uttar Pradesh
& ‘C’ is also the job worker of ‘A’
C is registered under:
1. U.P. VAT
 ‘D’ are the Raw Material Suppliers of ‘A’, based at Haryana, Uttar Pradesh & other states also
‘D’ is/are registered under:
1. VAT of his/their respective state
 ‘E’ are the Ultimate Product Users / Dealers of ‘A’, based at Uttar Pradesh
‘E’ is/are registered under:
1. U.P. VAT
SIR, how the following Sale/Purchase transactions would take place:
1. If ‘A’ has to purchase the raw materials from ‘D’, to be deliver directly at the site of the Job Worker ‘C’ ?
2. If ‘A’ has to sell finished goods directly to ‘E’, manufactured at the site of the Job Worker ‘C’ ?