ashok thakker
31 March 2013 at 14:45
Is VAT applicable in West Bengal on rental of computers on monthly basis ?
regards,
ashok thakker
ashok thakker
31 March 2013 at 14:27
Can i submit declaration in amnesty scheme of Service Tax, even if nil returns submitted earlier ?
When this scheme is going to be announced ?
pl enlighten and oblige...
regards,
ashok thakker
Govindarajan
30 March 2013 at 12:16
Dear Sirs 1.We have a plant at Manesar and Chennai .We are going to start supplies of components / Engine parts to Hyundai. 2. The stock transfer will be made from Manesar (Gurgaon- Haryana) plant to Chennai plant. 3.Invoice will be made at Chennai plant and delivery will be made at Hyundai. 4.The parts will be mainly bended steel tubes and packed in carton boxes will be transferred from Manesar to Chennai . 5.In Chennai Plant the goods would be unpacked and air blown on clean air work cabinet table and there after visually checked for sealing surface of flair under magnifier and if found ok then taken to the next operation and if not ok scrapped. 6.The O.K parts are checked for profile by use of profile gauge and if ok it is taken to the next operation of air blowing inside the pipe at 5 bar pressure if not ok then scrapped. 7.There after plastic protection cap is put on both ends of the pipe to avoid dust and then packing is undertaken in set of 10 in a polythene bag with an identification tag and signature of the inspector and there after dispatched to Hyundai in plastic bins 8.I need your kind advice on excise procedure to be followed from Chennai plant of the above transferred parts from Manesar plant.
sudipto kumar
27 March 2013 at 23:42
Is there any goverment rule for the employer to issue the form 16 to the employee even if his salary falls under non taxable slab.
abdulkareem h nagouri
26 March 2013 at 19:28
Dear sir,
I want to file tax evasion petition against third person whose income is more then 5,00,000 and even though he is not filling his income tax return Infact he has never filled his income tax return. Can I proceeds in such case, If not then what proceedure should i Follow for the same?
SUBHASH SHARMA
26 March 2013 at 16:04
we raise a Excise Invoice at the end of month for example 31st March-13 removal time is automatically printed on invoice by ERP software. But Goods are not removed from the factory same day or goods are removed next day 01.04.2013 or some other day within 10-15 days for example 15th April 2013. Date & time of removal of goods is put manually also.
My queries are :-
i) Removal of Goods to some other day is allowable or not. When goods removal time is already put by ERP Software and at the time of removal of goods to some other day, time and date is put manually also is allowable or not.
ii) Invoice Raised but removal time is not mentioned on invoice. How long we can retain the material. Can goods be removed after 2-3 days or 10-15 days.
iii) If
2) If Invoice has been raised on 31st March-13 but goods not removed by 15th April 2013. Duty has been paid on 5th April 2013. On 16th April-13 these invoices are cancelled and we take the credit of cancelled invoice. It is allowable or not.
3) What is the rule of removal of Excisable Goods : For example If Invoice has been raised today, is there any law that goods should be removed immediately or within 24 hrs.
i) If removal time is mentioned on invoice
ii) If removal time is not mentioned on Invoice.
Hope, you would understand my question.
Please take your time and advise.
Regards
Subhash Sharma
Advocate
C.J.Sriram
25 March 2013 at 21:46
Mr.X purchased a PLOT in May 1988 and sold the same in March 2011. He deposited the FULL Sale Proceeds received in March 2011 under the Capital Gain Scheme in a Nationalised Bank.
Query
1.Under which section the Exemption is to be claimed, being LTCapital asset, otherthen a residential house.
2.
Can he use it for Construction of a New residential house within 3 years.(before 31.3.2014)
3.
Whether his Status if a (a) Resident or (b) NRI would alter the situation.He is an Indian.
4. Can he file the Return before 31.3.2013 if he has not filed already.
Advocate Ankur
25 March 2013 at 14:30
Facts- company for avoiding tax and other statutory liabilities established subsidiaries and other companies. All this was done to escape statutory obligations.
Now I am looking for any judgement on the principle that if a company uses any device to evade or escape any statutory obligations it amounts to fraud on statute.
PLEASE help me with some judgements in this regard.
Thank you
Bhaskar Dey
25 March 2013 at 05:24
The house we reside in was built about 30 years ago. Although it was financed (90%) by me but it was registered in my wife’s name. About three years back my wife purchased a flat in Kolkata. It was fully financed by my wife (salary and others). It was registered in joint names of my wife and my daughter. My wife’s name was in first position and my daughter’s name in the second. My daughter was a student at that time and did not contribute any money for the flat. At present my daughter gets monthly stipend (Rs.20000/-per month)for her Ph.D course, and she doesn’t file any return. The flat which my wife bought was not given for rent and mostly remained under lock. We occasionally go there and stay for a couple of days.
Recently Income Tax Assessment Officer had assessed that since my wife has two properties in her name, the Kolkata flat would be taken as rented and so demanded Rs.120000/- for one year’s rent @Rs10000/- per month plus fine and interest. This tax would come under the head ‘Income from House Property’. I know that AO was right according to the income tax rules. She has already paid the amount charged. But I have three questions:
1. I know (please correct me if I am wrong) that according to the property rules, even if an individual do not contribute any money and if his/her proportion is not mentioned in particular, he/she will be 50% owner of the property if he/she is a joint owner, i.e. if his/her name is included in the title deed. If it is true, can my wife appeal that since my daughter is a co-owner of the property, she should also share the tax burden by 50%? Can she claim refund of 50% of the extra tax paid?
2. Can CIT (appeal) reject her appeal by saying that since my daughter did not contribute any money to finance the flat, the whole tax burden will be on my wife and not on my daughter?
3. If CIT (appeal) accepts her appeal, will it cause any tax implication on my daughter? Will she have to file return? Will it cause any harm to her future? At present she gets about Rs.20000/- per month as UGC stipend which I assume is tax free. Out of Rs.20000/-, Rs.3000/- is deducted as Hostel Accommodation charge.
Thank you all in advance.
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Reg.t.d.s deduction unnecessary and refusal in cooperation to claim losses
Hi
i hav a fix deposit a/c with 1 of the banks at my hometown...its jointly operated by 3 family members namely the first being my grandmother being 60 plus in age terms..pan no.is provided with..none of the 3 is amongst income group and the interest income is below 10000 p.a.
now to secure my f.d...i annualy submit 15h form every year in april....i even take receipt of it frm officer every year...
every nw and then they demand my grandmother to be present at bank...they demand signature to b declared evidently in front of them...and she is not keeping well to run according to the demands of the bank every now and then...
the tax got deductd automaticaly last april 12 and the bank officials were neither entertaining our claims,nor were they showing us the tax return register or providing uS with the t.d.s certificate and interest certificate so that we cud claim the same...moreover the manager is also not cooperating...they suggest us to fill up i.t return every year....even whn no income is generatd.....eventualy they took 1 whole month to calculate the t.d.s and provide us and thereaftr i was abl to claim my return...
the ques.is
its same month of april and they myt again do the same thing....what shud i do as the officer is very aggresive and starts quarelling every now and then regarding any doubt of mine....
r they suggesting ryt to us regarding filing i.t return .....if yes....which form shud b filed with for claims of no income group......&& if no.....what shud i do......
plz help