vishal
29 January 2014 at 20:33
Sir,
I am A registered dealer under TNVAT and CST I am purchasing Valves in Chennai from the Manufacturer and selling it both in Tamil Nadu and to Dealers of other State. The Valves sold to dealers in other state are sold on 2% CST. Can I claim Credit for the excess VAT for the materials sold on CST?
Arif Ali (Apt Co Advisory)
29 January 2014 at 19:37
Dear Experts,
Suppose a entity provide two type of services. One is taxable and second is not taxable. So the Entity issue the invoices to clients for taxable services provided and charge the service tax. and collect the amount with service tax.
Later now the entity change the some invoices and show under non taxable services. and thus the entity does not deposit the service tax to Govt.
Now my question is that on servey how can a service tax officer observe that the entity have done the fraud? (apart from this that demanding the bill from clients)
Plz explain it.
Thanx.
Upendra P Sinha
29 January 2014 at 17:00
I have superannuated from a public limited company based at New Delhi. The company a deducted an income tax of Rs. 3,18,998 from my salary and partly deposited with the IT Department. Therefore they have not issued any Form 16 for the previous financial year 2012-13. Similarly they have not yet paid my dues towards Full & Final settlement. What should I do?
I solicit your expert advice on this.
hdshardik
29 January 2014 at 16:43
1. When an asset whose cost is N/C and sale it, is it liable for Taxability? It is not depreciable Assets? Cost is nil as the purchase / acquiring cost is already written off in P&L A/c and how that material is sold to third parties for consideration, is capital Gain attracts?
Rupesh
28 January 2014 at 20:52
Hi,
I am selling my land in 40lakhs and the total amount will be credited in my account in one shot by buyer. do i need to pay tax on this sale amount and if yes then how much tax?
sengottuvelmarimuthu
28 January 2014 at 11:52
SIR I AM HAVING AN 100% EOU GRANITE MINING UNIT UNIT SINCE 2008. I USED OLD MACHINERY FOR THE GRANITE DIMENSIONAL BLOCKS PRODUCTION. IN THE FINANCIAL YEAR 1.4.201-31.3.2011. I AVAIL IT EXEMPTION UNDER 10 B. NOW MY INCOME TAX OFFICER SAYS MY CLAIN IS INVALID IN 2 REASONS. 1. MINING WILL NOT A MANUFACTURING WORK. 2 USING OLD MACHINERY IS NOT PERMISSIBLE TO CLAIM IT UNDER 10 B OF INCOME TAX ACT. PLS GUIDE ME.
atul shkeharbhai nagarkar
27 January 2014 at 18:39
Hello
sir i want to know about credit not and debit not what is effect on vat?
i also want to know about high seas sales and export through h form?what is the effect on vat?
i want to know cst rate ?
Hariom Sharma
27 January 2014 at 11:15
Dear Sir,
On 31.03.2011, an amount of Rs. 4745/- was deducted by the Bank as TDS for FY 2010-11 on Fixed Deposit even after submission of Form 15G and copy of Pan Card.
The amounted was deducted by the Bank on 31.03.2011 but still not deposited to the Tax Department. In this case what to do? Till date no satisfactory answer received from the Bank.
rajender
25 January 2014 at 19:31
Is NPA( Non Practicing Allowance) paid to Veterinary doctors is part of salary for the calculation of income tax .
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Legal metrology
Hi,
If a company has both manufacturing and trading activity, whether the company can registor under legal metrology for trading business.
Note: Trading and manufacturing located in different location