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??
Hetalkumar
20 February 2012 at 11:31
Dear Sir/Madam,
Please let me know about the Service Tax Liability upon receipt of over and above limit Rent income received from Lease base premises to a corporate banking. Is it on shoulder of the owenr, statutorily ? How and on what slab the same is required to be mitigate ? Please guide along with some IMP Decision of apex court on the same. Thanking you,
Regards,
Hetalkumar Hindocha
Ravi Mishra
19 February 2012 at 22:08
Kindly advise on the following;
Parental property acquired by father some time in 1972-73.
Said property was sold & 1/8 share i.e Rs.1.75 lac received by one of the heirs.
Kindly advise tax liability on Rs.1.75 during 2011-12.
Sathish
19 February 2012 at 20:10
Hi,
What are all the beenfit we can avail if we register under STPI or duty credit scrip
What is the difference between both?
Regards
Sathish
sunil rajpal
19 February 2012 at 10:18
Kindly explian IT Law relating to deduction to be claimed for interest on loan and paying principal amount of loan for purchasing built up property.
lina abood
19 February 2012 at 03:25
DEAR SIR,
THANK YOU VERY MUCH FOR ALL THE SUPPORT AND INFORMATION PROVIDED TO ME REGARDING THE ABOVE MATTER SPECIALLY MR.VISHAL AND MR. VINEET.
BUT IT SEEMS MY PROBLEM DOESNT WANT TO GET OVER.
SIR.
I HAD TAKEN ALL YOUR ADVICE AND REFERNCE TO MY C.A.AND FINALLY HE HAS AGREED THAT I CAN GET CAPITAL GAIN EXEPMTION WHEN I INVEST THE FUND IN ANOTHER RESIDENTIAL HOUSE BUT WE ARE GOING TO FACE ANOTHER PROBLEM i.e
I HAVE NEVER SHOWN THE RETURN OF MY ABROAD FLAT IN THE PREVIOUS YEAR, I USE TO DECLARE ONLY MY PROPERTY IN INDIA AND ACCORDINGLY IN MARCH 2010 WHEN I SOLD A COMMERCIAL OFFICE I HAVE GOT CAPITAL GAIN EXEMPTION UNDER THE SECTION 54F BY INVESTING THE AMOUNT IN BUYING NEW FLAT.
IN THIS CASE WHAT REMEDY IS THERE THAT YOU CAN PROVIDE FOR MY PROBLEM
PLEASE ADVICE
THANKS TO ALL
JEGADEESAN
18 February 2012 at 20:16
Sir,
Could you please send theCentral Excise Code for the following Items & also its raw material
Sim Card
Card Reader
Smart Cards & Chip Module
Plastic Card Body
S.Jegadeesan
N
18 February 2012 at 15:51
Hi,
Can you please help me with the following questions
1. Can HUF open Saving account? Since Many Bank say that HUF can only open Current Account.
2. What all documents are required for opening of HUF Bank account?
3. If the nearest branch is not ready to open an HUF Account then can we open in nearest branch Bank account in Karta Name (individual account) and then on monthly basis transfer the funds to the HUF Account in bank where there is HUF account (which could be at a distance)? This is only for conviniance of daily transactions.
4. If point 3 can be done.. will there be any tax liability for such a transfer? Or can we assume that the 100% of the individual account is taxed as HUF in perview of Diversion of funds and not application of funds?
5.Once HUF is assessed for its income, can the accumulated funds in HUF bank account be used for the day to day expenses of the members of HUF? By this I do not mean deduction from income of HUF... I mean application of funds by HUF for the day to day expenses of the members of HUF?
6. Please also help with tips of dos and donts of HUF funds.
Thanks for the help!
Thanks & Regards,
Madhav
18 February 2012 at 14:52
I find that one 100%EOU unit has imported machinery without any duty. On these machines they are producing material and selling it in DTA market. Is this allowed? or this is evasion of duty.
Please advise.
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Restoration of pan
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?