Raj
09 December 2014 at 09:50
Kindly clarify the below situation.
one the manufacturing company royalty accounted for the year 2013-14. service tax on royalty paid on 31.03.2014. But payment made to the party on December 2014.
Now, Can take cenvat credit of service tax on royalty for the month of December 2014. Is it correct or not.
Saravanan
07 December 2014 at 08:35
I have a Residential house and i am planning to sell it for almost 1 Crore .
But its govt guideline value is only 26 lakhs .
I have approached the Reg dept and asked whether it is applicable to register the property for 1 crore.He told even though its a govt rule to register for the actual sale value,he wont allow me to register for one crore,since it will increase the guideline value for that area.
This is a problem for him since he is going to answer this in the future audits/enquiry .(all Deviations in the registrations will need to be answered in the future audits).
That is a problem for others who are coming for the registration in that area.
Also if i stick on my point ,i may get problem from the local peoples of that area regarding the same .(cos i will increase the guideline value).
All these points are all told by him in offline.
These are the problems i am facing .
I have a Residential house and i am planning to sell it for almost 1 Crore .
But its govt guideline value is only 26 lakhs .
I have approached the Reg dept and asked whether it is applicable to register the property for 1 crore.He told even though its a govt rule to register for the actual sale value,he wont allow me to register for one crore,since it will increase the guideline value for that area.
This is a problem for him since he is going to answer this in the future audits/enquiry .(all Deviations in the registrations will need to be answered in the future audits).
That is a problem for others who are coming for the registration in that area.
Also if i stick on my point ,i may get problem from the local peoples of that area regarding the same .(cos i will increase the guideline value).
All these points are all told by him in offline.
These are the problems i am facing .
But still i want to be a good indian Citizen .
I want to pay the income tax whichever it is 20 % or 30 % .
Now my question arises .
1) I want to be clean .How to make a clean Transaction?
2) if i get two cheque's for 25 lakhs and 75 lakhs and paying Capital gain tax (20 %) for 25 lakhs and normal income tax 30 % for that 75 lakhs ..is that ok??
3) Do Govt will ask question abt that 75 lakhs ??
4) or it will create any problem for me or to the buyer??
I dont want put buyer in problem too..
I wanna to be clean always.Please suggest me a way to sell my property.
sbc
06 December 2014 at 21:25
At the time dissolution of HUF, share in property want to transfer by execution of agreement, is capital gain will be attracted to the huf ? who will require to pay stamp duty ? what is the % ? on which amount stamp duty is payable ?
Ashok
06 December 2014 at 14:44
Dear sir,
We are manufacturer of Computer papers.Getting Paper from the paper mills ( Excercise and VAT Paid invoice on purcase ).
We supplying to some couriers. We fix some prices. we done 5% VAT invoices. Rightnow customer want my PAN for TDS deductions.
We done sales.Regarding this any IT notification is there ? kindly inform me sir.
Looking for your support.
Anil
05 December 2014 at 22:51
Respected All
It is common trend across NCR Eateries / restaurant industry to charge Service Tax + Vat. Can I file a consumer case basis this judgement in gurgaon as Why service charge is being levyed in restaurant?
Please read the judgement news article.
http://timesofindia.indiatimes.com/city/chandigarh/123-yr-old-pays-Rs-8-extra-earns-Rs-6000-from-cafe/articleshow/45266056.cms
Thanks
Mehul Chudasama
05 December 2014 at 14:37
how much tds to be deducted if we make payment of professional fees to UK company For AY 2015-16 and Under Which Sction
ars
04 December 2014 at 13:09
I have been given to understand that the off-market deal in shares of a listed co. is subject to tax, irrespective of holding time, at the current income tax slab applicable to the seller.
this is because he is not paying STT at the time of trade.
if that is the case then can one enter into block deal at the exchange itself and do the trade by paying STT? and save tax.
What is current STT rate?
Kindly comment .
surendrababu
03 December 2014 at 19:35
Sir,
I have taken a building for a monthly rent of Rs.50/- per Sq. ft (Total Monthly Rent of Rs. 40,000), the owner of the building demanding me to pay service tax on rent amount. please clarify me whether I should pay the service tax to the owner of the building besides rent?
AMIT KUMAR SHARMA
03 December 2014 at 16:52
Dear Sir,
We have a Central Sales Tax form E-2 issued by department in Jan, 2012.
We have dispatched the material in 2013 to our customer.
Can we use this E-2 form for transaction made in Sep,2013.
regards,
amit
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Calculation of income from house property
Dear Expert
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