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Anonymous   02 November 2011 at 10:37

Employee welfare fund

Dear Expert,

Kindly advice me.

We have employee welfare fund formed from last 4 years.

we hav pan number also.

no Trust deed is prepared yet.
we need to prepare a trust deed for claiming exemption u/s 10

can we prepare a trust deed of current date?

Anonymous   02 November 2011 at 09:36

Non -receipt of complete refund from income tax


DEAR SIR/Ma’am,

My Pan > BJXPS9775F and my E-Filling acknowledgement no. >126441140030710 as I have not received my complete refund .
I have received only Rs.1210 as I have to receive Rs Rs 12,452 /-

Kindly check &do the needful.

With Rgds,
Shanthi

Anonymous   02 November 2011 at 04:30

Sales tax

if a firm doesnot file a sales tax return for 2 years(because of some genuine issues). is it possible for them to levy all the intersts and surcharges/late fees..?

GAURAV   01 November 2011 at 23:13

Loan to friend

Sir, I have suppose Rs.ten Lacs in my bank account. Out of this I give Rs.Eight lakhs loan to my friend by cheque .After some months he return the said amount to me by cheque. Whether Income tax deptt. can say that this returned money is my Taxable income? I mean to say that such type of inward and outward transaction can create some problem to me in future from I.T.Department.

hitesh   01 November 2011 at 17:29

Dvat input tax when input vat % is more than output vat %

Dear all

my client is purchasing raw material @ 12.5% and selling the finished goods @ 5% output vat.

He is claiming DVAT Input @ 12.5% while Output liabilty is 5% .

The DVAT authority is saying that assessee is wrong in this process he can claim input vat rate lower than output vat rate

Please suggest.

Anonymous   31 October 2011 at 22:05

Rent-a-cab??

Rent-a-cab has been disallowed from F.Y 2011-12 , for Cenvat Credit except for few service provider. The question is if the renting of cab is provided by Tour operator ( this is seperate categary of service than rent-a-cab service) then will it be allowed for cenvat credit?

Anonymous   31 October 2011 at 19:50

Service tax

Sajal Dhara which is acentralo Govt implemented Scheme for supplying of Drinking water in rural areas.The benificiary group contribute 10% and remaining 90% cental Govt. Whether a Service tax assessee is exempted from service tax who are working under this scheme?

Anonymous   31 October 2011 at 18:35

Kanataka vat act

dear sir,
my dealer has not filed form 240 of kvat act for the financial year 2009/10, he has recived a notice to pay penalty of rs.5000/- plus 50/- perday upto now us 74(4) of the kvat . pls tell me any judgement or notification to avoid these penalities i am sales tax practitioner.

saju sathyadevan   31 October 2011 at 12:56

Donation received in kind to a temple

Dear Sir,

I want to know, How to make entries in the books of accounts, if a person donates some valuable item to the temple as the same is an asset of the temple.

Also, if a temple is being constructed with some materials donated by the devotees and some purchased out of the amount of the building fund of the temple, then how to show the full/real value of the temple in the balance sheet.

sandeep   28 October 2011 at 20:26

Property transaction in cash

Is it possible/ acceptable to receive part of the sale deed amount(say upto Rs.one lac) in cash if it is properly mentioned in the sale deed document?
With best Regards