aadityaaggarwal
01 January 2015 at 12:15
Dear sir,
I am owner of a commercial pickup vehicle which i use to provide transportation services of letters,parcels of courier from point A to point B(300 km apart) to two major courier companies who have hired my vehicle on contract basis for movement of their load to different stations between point A and point B(i am only giving the courier load to the franchise in different towns not delivering them personally to the final customer). My question is regarding the determination of my tax liability.
NOTE : I am not running a goods transport agency(which deals with various clients and issues consignment note).
If both courier company pay me a total amount of Rs 1,30,000 per month to carry out transportation of load(letter,parcels and other courier material) and my expenses amount to Rs 1 lakh(including fuel expenses,driver salary,barrier toll tax etc) and my monthly income becomes Rs 30,000, than -
1. Am i liable to pay any service tax on my service provided to the courier company or should the courier company pay it(i read something about reverse service tax mechanism) as i am only a small service provider and they are a big company.
2. IF no service tax is payable by me, do i have to pay income tax to government on income of rs 30,000 per month.
If any detail or required information is missing kindly reply and ask for it. Help will be appreciated.
Thanking you
Aaditya aggarwal
raghavendra
30 December 2014 at 18:03
Sir/madam
i am working for a company my salary is 10lakhs per annum, i am taking exemption on rent paid, now i buying flat in bangalore availing Loan and i am not staying in that flat i am continuing to stay in rental house only.
Am i eligible to get exemption on both renyal house and flat loan also, is it possible please advice me.
Thanking you
kratika
30 December 2014 at 13:33
Does Temples or Ashram liable to pay House Tax, Water Tax?
Pracdip Panchal
29 December 2014 at 06:58
Dear Sir,
We are manufacturing company. After RCM notification 01-07-2012, from 01-07-2012 to 31-03-2013, our company has not deposited service tax on 75 % labor bill as per RCM notification. Please note, our company have paid service tax @ 12.36% on 100 % labor bill to our labor contractor and he has already deposited service tax @ 12.36% on 100 % labor bill instead of 25% labor bill. Please also note that our company has not taken credit of that service tax against its central excise payment on manufactured goods .
Now Excise auditor has issued memo to our company to pay service tax on 75% labor bill along with interest and penalty.
Sir, please inform us, should we pay that demand?
If yes, then how our company / labor contract get refund from service tax department?
If no, please provide us judgment / appeal order / notification on this.
Thank you.
Pradip Shah
rajeshree h oza
28 December 2014 at 14:37
GUIDE ME THAT IF DEALER IS QUARTERLI DELER AND HIS VAT NUMBER IS CANCEL HIS TAX EXCEED AFTER THAT QUARTER IS MORE THAN RS.60000/= WHAT CAN BE PENLTY LIABLE FOR DELER BECOUSE OF AT THAT TIME HIS VAT NUMBER CANCEL HE IS A QUARTERLY DEALER
FOR VAT APPEAL PENLTY LIABLE AS A PER MONTTH 10000/RS OR AS A QUARTERLY DEALER RS 3000/=
elango.parameswaran
23 December 2014 at 17:40
We have a registered Flat Owners Association. The Builder has returned the Corpus Amount to the Association, which is deposited in the SB Account. Now, our queries are :-
1)Do we have to get PAN compulsorily
2)Do we have to file IT Return
3)Our main income is the maintenance charges
4)If we deposit the Corpus Amount in any scheduled Banks/ Nationalised Banks/ Coop Banks or other NBFCs, whether the interest on such deposit will attract income tax?
5)Whether we are eligible for any exemption on the interest income under IT Act
arvind
20 December 2014 at 21:31
i have recieved death benefit of my brother's life insurance as he passed away about 8 month ago. so i want to know that should i have to pay some type of tax like income tax over that amount or i can use directly it without showing any acoount statement to income tax department.
how should i handle income tax department??
srikanth PS
20 December 2014 at 15:04
I am 100% EOU in software service. Do i need to register for service tax??
It is exempt from service tax payments.
curious123
20 December 2014 at 11:11
I have incurred long term capital gain tax on sale of my property. I am planning to save this tax by using that amount in different instruments. My query is: Is it possible to invest part amount in tax savings bond (like NHAI) and rest depositing in Capital Gain Accounts Scheme for future purchase of property?
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Sale deed for the sake of registering property with no financial transaction
My parental house is in Delhi on land measuring 180 sq yards which my father bought in 1976. Originally, it was in my father’s name and a General Power of Attorney was made in 1982 with valuation shown at 3 lacs. Later, in order to get the property registered, a sale deed was made in 2009 and my mother was shown as buyer. The sale deed showed that the property was sold to wife for 13 lacs in 2009 (as per prevailing circle rates). The property was thereafter registered in my mother’s name. No financial transaction took place, either cash or cheque as the sale deed was prepared just for the sake of getting the property registered as my father could not do it in his name because GPA was in his name, hence a sale was shown. During this time, he was a pensioner with no tax liability.
On the other hand, the registrar office sent the sale deed details to income tax department as it was bound to do so. We have now received a notice from IT Dept. in the last week of December 2014 wherein it has raised an issue that sale of property took place in 2009 and the tax return had not been filed for that particular year, indicating that my father had earned capital gain of 10 lacs from 1982 to 2009 by selling the property. A valuable advice is kindly requested as to how we should convince the IT Dept. that the sale deed was made just for the purpose of getting the property registered and no financial transaction took place. Stamp duty was duly paid at that time. My parents still live in the same property.