lalit choudhary
24 February 2012 at 11:04
Q1} whether vat is applicable in real estate in maharashtra ?if yes from when it is applicable?
Q2} i purchased a flat.i made part payment against booking and accodingly made pat payment of service tax..but now i entered into agreement with builder..now he asks me to pay service tax on the remaining amount in one single payment..but the construction is still going and as per agreement i am making payment as per stage of construction.so is it mandatory to pay service in one single payment once u enter agreement or we can payment service tax in part..and for late payment what are the late charges applicable as per law??
manish patel
24 February 2012 at 10:19
MY FRIEND HAS SUBMIT I.T. RETURN A.Y. 2010-2011. BUT CPC HAS DEMAND OF 14,400/- WITH INCOME TAX ACT SECTION 154.I JUST QUESTION THAT HE HAS TRY TO RECTIFICATION OR GO TO LOCAL I.T.O. WARD.
vipul Kumar Agarwal
23 February 2012 at 21:06
I asked to all vat experts pls.suggestion of credit note of cash discount and quantity discount .because assesse officer
vat charges on credit note ( cash discount and quantity discount )
thanks
Vivek Handa
23 February 2012 at 17:27
Dear All
I urgently need the full judgment of case "Haryana Co-operative Sugar Mills Limited, Rohtak vs. State of Haryana, reported in (1997) 107 STC 103; (1996) 8 PHT 144
Unfortunately I do not have either of the volumes with me and have already done lots of search on the internet.
Many Thanks in advance
kamal
23 February 2012 at 12:54
we have a unit in Uttarpradesh, in case of stock tranfer entry tax will be applicabe or not if yes what would be the treatment in the books and will it be adjustable from VAT?
KESHAV RAU
22 February 2012 at 22:10
MY WIFE WORKING IN A PSU IS CANCER PATIENT AND UNDERGOING TREATMENT FOR IT. THE EXPENSES INCURRED ARE REIMBURSED BY HER EMPLOYER. TDS IS ALSO DEDUCTED ON THE AMOUNT OF REIMBURSEMENT EXCEEDING RS. 15,000/- IN THE F.Y. IN QUESTION.
IS IT TRUE THAT THE INCOME TAX ACT PROVIDES FOR TOTAL EXEMPTION IN RESPECT SUCH REIMBURSEMENT WHICH PERTAINS TO EXPENDITURE INCURRED ON TREATMENT OF CANCER EVEN IF THE AMOUNT EXCEEDS RS. 15,000/- ?
IF THIS IS CORRECT, WHAT ARE THE CERTIFICATES REQUIRED TO BE OBTAINED FROM THE PHYSICIAN/HOSPITAL CONCERNED FOR SUBMISSION TO THE EMPLOYER SO THAT THE EXEMPTION COULD BE PERMITTED ?
sanjiv batra
22 February 2012 at 15:52
I am a UK citizen of Indian origin.If I visit India and receive a gift from my sister,who is citizen & resident of India,then is there any tax payable in UK since no tax is payable on receiving or giving gifts between brother and sister in India under Indian Income tax law?
Ritesh Kabra
22 February 2012 at 11:03
Dear All, a client of mine , a salaried person , was residing and filing his returns in Mumbai wid PAN 'A'. He got transferred to Pathankot and there he filed his I.T. Return for that Year. Meanwhile another person of the same name and same date of birth with a slight difference in father's name, rarest case , applied for a new PAN 'B' ,and the I.T. Department Blocked my clients' PAN 'A' ,thinking him the same person applying PAN twice. My Client shifted to Ranchi and filed his I.T. Returns here with the same PAN 'A',without having knowledge of his PAN blocked , besides his T.D.S. is also being deducted in the same PAN. Now ,filing his I.T. Return for A.Y. 11-12 , we came to know about his PAN 'A' being Blocked. We wrote to the I.T.Department , Ranchi for the Restoration of PAN , but here they are unable to restore it , saying that this can be done only by Mumbai I.T. Depart. or Pathankot I.T. Depart. which blocked the PAN. Now my query is which I.T. Depart. would have blocked the PAN - Mumbai or Pathankot , and where should I write Letter to? Since his PAN is Blocked I cannot check it Online, nor can File his Return and last date is near by... I have wrote to CIT , JCIT, CCIT , Ranchi , but it seems useless. What should I do further?
prithwish sengupta
22 February 2012 at 10:16
As per the recent amendments, service tax liability arises on accural basis,i.e. assessee has to pay service tax as soon as the bill is raised.
Is the same applicable in case of cenvat credit on input services, i.e can assessee claim cenvat credit on service tax paid as soon as he receives the bill evev he does not pay it or pays it on a latter date??
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Upvat tax on salt biscuits is @4% or @12.5%
sir,
I pur. from taxinvoice salt biscuits @4% upvat & sold the same. but the officer refused to accept it @4%. He Charged it @12.5% on the same product. In trading is it possible to charge @12.5% on a product which is purchased @4%. If yes, who will be responsible to pay the difference of tax. VAT ( Value added Tax ). Its Urgent please.
Thank you, from
Manoj Kumar Pandey
9412624336