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Krishnendu Ghosh   10 February 2014 at 11:24

Taxation : direct & central excise

Dear Experts,

Kindly provide me these answers:

1. Difference between Direct Tax & Indirect Tax

2. What are the differences & relations between excisable goods and non-excisable goods as per the schedule under Centtral Excise Tariff Act.

3. Definition: 'Manufacture' and 'Deemed Manufacture' under Centtral Excise Tariff Act

YAGNESH HASMUKH DAVE   07 February 2014 at 20:47

Taxation

I AM DIRECTOR IN THE PVT LTD COMPANY DURING THE YEAR AY 2011-12 I HAVE TAKEN RS 10 LAC BEING ADVANCE AGAINST PURCHASE OF PROPERTY FOR PVT LTD THE INCOME TAX OFFICER IS TREATING THE SAME AS DEEMED DIVIDEND U/S 2(22)OF IT ACT EVEN THOUGH LEDGER EXTRACT FROM THE PVT LTD CO IS SUBMITTED STATING THE PURPOSE OF PAYMENT MADE TO HIM . WHETHER INCOME TAX OFFICER IS CORRECT OR NOT PL EXPLAIN BRIEFLY

SUDHAKARAN V T   07 February 2014 at 17:35

Income tax - home loan top up

I have transferred a home loan from A-bank to B-bank. Further I have taken a top-up loan against this from B-bank to meet my expenses towards renovation etc of the same property. (Self coocupied propery)

Now the issue is

Bank is issuing income tax certificate for main loan only and not against top-up loan. They clarified that since the main loan is covered under tax rebate, we are unable to issue IT certificate for top-up loan.

Kindly look into this and advise whether the loss from house property can be claimed against Top-up loan also

says that only

subhash   06 February 2014 at 16:00

Haryana vat c form

sir please my question is what is the procedure for obtaining c form from department

Pankaj Singhal   06 February 2014 at 13:38

E-1 c transition

Dear All,

Please confirm if seller in inter state and dealer and purchaser within the state. we can issue form-C within the state to dealer.

Suppose A in Punjab sends goods in uttarakhand and raises invoice on B in Uttrakhand, and delivery of goods C in same state Uttarakand.

pawan   04 February 2014 at 15:33

Income tax

Sir,

I earned 4 months salary in the previous year & I received it this year ,What are the provisions of income tax to show this income?

pawan   04 February 2014 at 14:10

Ppf

Sir,

I have opened the PPF account in Aug. 1998, in which year the a/c will be mature.

pawan   04 February 2014 at 11:22

Education fee

Sir,

I and my wife are in service we have joint A/c.can my wife claim of Education fee deduction from that a/c.

pawan   04 February 2014 at 08:00

Income tax

SIr,

What is the max. limit of education fee deduction per child?

Dhiraj   03 February 2014 at 22:54

Conducting agreement of a restaurant & bar

There is a Conducting agreement between X (owner/Li censor) and Y (Licensee).
All the Licenses of the Restaurant & Bar are in the name of X.

Queries:
1. Can these License be transferred?
2. VAT No & Service Tax No to be taken in the name of Y.
3. Will there be any issues if the licenses are in the name of X and VAT No & Service Tax Nos in the name of Y?

Thank You

Regards,
Dhiraj Jain