Arif Ali (Apt Co Advisory)
05 April 2015 at 20:24
Dear Experts,
A company is registered under excise on 04.03.2015, but it has purchased goods with excise also before registration.
My question is that can assessee claim the cenvat on goods purchased before registration under excise?
I think it can take CENVAT on goods as stock in hand on 04.03.2015. M i correct?
Can you please confirm
yagnesh dave
04 April 2015 at 21:07
I HAVE FILED SERVICE TAX RETURN FOR PERIOD APR TO SEP 14 FOR RESIDENTIAL COMPLEX CALCULATED TAX ON 25% OR 3.09% OF TOTAL VALUE AND SELECTED NOTIFICATION 26/2012 AND SERIAL 1 IN SERVICE TAX RETURN BUT NOW WHEN I VIEW MY ST3 RETURN IT SHOWED ERROR THAT 26/2012 NOTITFCATION AND SERIAL 1 IS NOT APPLICABLE TO RESIDENTIAL COMPLEX SERVICE.
MY QUESTION IS THAT WHAT IS THE CORRECT NOTIFCTION AND SERIAL NO FOR RESIDENTIAL COMPLEX SERVICE FOR ABOVE 3.09% CALCULATION AND WHETHER MY CALCULATION IS CORRECT OR NOT
yagnesh dave
03 April 2015 at 20:06
I HAVE FILED MY RETURN OF INCOME TAX AY 2008-09 ON 29-09-2008 WHICH IS COMPLETED U/S 143(1) BY DEPT.NOW THE DEPT HAS ISSUED NOTICE U/S 148 DT 26/03/2015 WHICH IS RECIVED BY ME ON 29-03-2015 WHETHER THE SAID NOTICE IS VALID OR NOT PL EXPLAIN
sagar Rao
02 April 2015 at 20:06
Sir,
I had given our land to construction company for building apartments on development basis, they have given 5 flats to me and I had sold all flats, In these regard I would like to know whether I had to collect service tax amount from flat owners and pay service tax amount to service tax department as I am an individual.
Please inform for which I am very great full to you.
subhashchander
02 April 2015 at 12:21
I am Subhash chander , age 68yrs, properiter.
Q-1 A portion of my commercial office has been rented out. Please intimate its rent will go to my commercial income or in house property head .this property is purchased with the binding of seller that it can only be used for commercial purpose?
Q-2 We have various types of commercial business like Export, Trading and Shares etc. Please intimate loss in one business can be adjusted against profit of other business ?
jiteshjain
02 April 2015 at 11:13
Hello All,
My freind Pratik is under going an scrutiny from Income Tax. The case is as follows:
His uncle started a business on his name of Diamond Trading in Surat. For the Business his uncle opened a Bank account in Axis Bank for the Financial Year 2011-12. He was just adviced to sign blank cheques and other activity of business was carried out by his uncle. He nither knew about what was happening about that business. When he received his Income Tax return the turnover was 100cr. in which the profits was only 4 Lakhs shown. Now, from last 1 and half years he was receiving notice from Income Tax to present the Sales and Purchase Register and Bank Statement. He contacted the uncle but uncle was not available at that moment.
Uncle adviced directly to visit the CA who had audited his accounts but CA refused to attend the notice on behalf of him. He contacted the orginal party who did all the transactions on his name. They also did not entertained him. At last he appointed a new CA to attend the Case. They both went to the Assesing Officer and informed him orally about the whole story. The AO issued 133(6) summon to the orginal party and the Bank to provide the details of my freind. As soon as the notice was received by the original party and the CA both became active and CA summited all Purchase and Sales register and Bank statements but that my friend had given him for submission. The AO asked for Letter of Authority from the CA but he didn't had the same and left. AO called my friend and told to give statement in written for the whole story but my friend did not submitted and left from his office as his new CA adviced not to submit because if the orginal party did not accept the case then all the liabilty would be transfered to pratik.
AO wanted to close the case by 31st Mar 2015 but was unable to do. In this Case the AO is not agreeing with the calculation of Profit Margin which is shown as 0.04% on the total turnover. AO says the profit should be atleat 4% on the total turnover rather than 0.04%
Please advise now what action should pratik take as he is innocent on the case and do not want any further liability.
Currently the Case is under an appeal in Income Tax but my friend has not attended the appeal. 2 Hearing were called out. for the same. Can any one advise what can he do now for saving himself.
Is there any possibility under Law to book a case against his uncle for this fraud.
yagnesh dave
01 April 2015 at 20:55
I HAVE PURCHASED FLAT FOR RS 35LAC AND PAID 5LAC BY CHEQUE AND REMAINING BALANCE AMT 30 LAC TO BE PAID BY CASH BEING FULL CONSIDERATION OF FLAT AT THE TIME OF REGISTRATION OF AGREEMENT AS PER MARKET VALUE ON 01/05/2015.
WHETHER THE PROPOSED AMENDMENT OF SECTION 271D & SECTION 271E WITH THE PROVISON OF SECTION 269SS AND 269T IS APPLICABLE TO ABOVE TRANSCATION
Rajiv Malhotra
01 April 2015 at 12:31
What are the procedures/requirements to get VAT registration in Gurgaon under Haryana VAT and the time required thereof? What is the Cost of getting registration and annual compliance thereafter upto getting assessment orders in case one engages a lawyer on sub-contact basis? Appreciate early response. Thanks in advance.
sairam
31 March 2015 at 16:11
Sir/Madam,
Whether employees working in NGO/charitable office in Chennai are exempted from paying profession tax.
If yes,
let me know exemption u/s ? can be claimed which comes under Chennai Corpn. rules.
sairam
31.03.2015
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Taxation
I HAVE FILED SERVICE TAX RETURN FOR PERIOD APR TO SEP 14 FOR RESIDENTIAL COMPLEX CALCULATED TAX ON 25% OR 3.09% OF TOTAL VALUE AND SELECTED NOTIFICATION 26/2012 AND SERIAL 1 IN SERVICE TAX RETURN BUT NOW WHEN I VIEW MY ST3 RETURN IT SHOWED ERROR THAT 26/2012 NOTITFCATION AND SERIAL 1 IS NOT APPLICABLE TO RESIDENTIAL COMPLEX SERVICE.
MY QUESTION IS THAT WHAT IS THE CORRECT NOTIFCTION AND SERIAL NO FOR RESIDENTIAL COMPLEX SERVICE FOR ABOVE 3.09% CALCULATION AND WHETHER MY CALCULATION IS CORRECT OR NOT