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ravi kant negi   27 June 2011 at 15:15

short term capital gain

agreement to sell the land was done within 3yres of purchase of land and full amount of sale was taken. my quire is when shall i show the income from such sale, whether at the date of agreement to sell or at the date of registration.

Anonymous   27 June 2011 at 09:46

stamp duty and registration

I am purchasing flat in Borivali (e) Mumbai @rs 48 lacs and it is more than government rate. Then plz. tell me what will be the registration fees and stamp duty.

Anonymous   26 June 2011 at 01:18

housing society

dear friend
does a housing society required to apply for TAN or PAN or Both.. as there are no of out go expenditure etc. kindly any one comment.

thanks

Swati   25 June 2011 at 15:41

Re: enquiry

I have done B.com and now i am doing LL.b, and have completed my 2nd year... i want to go in taxation. what should i do? please reply asap.

Thanks

Anonymous   25 June 2011 at 13:08

PENALTY UNDER SECTION 11AC OF THE CENTRAL EXCISE ACT

AT THE TIME OF VISIT OF CENTRAL EXCISE OFFICERS AT THE REGISTERED PREMISES, THEY FOUND SHORTAGE IN FINAL GOODS WHEN COMPARED WITH THE MAINTAINED RECORD TO THE TUNE 2% APPROXIMATELY. THE REASON MAY BE DUE TO AVERAGE WEIGHMENT OF LYING STOCK SINCE THERE WAS NO ACTUAL WEIGHT OF ENTIRE LYING STOCK. INVOLVED CENTRAL EXCISE DUTIES DEPOSITED AT SPOT. WHETHER THE SHOW CAUSE NOTICE MAY BE ISSUED FOR THE IMPOSITION OF PENALTY UNDER SECTION 11AC OF THE CENTRAL EXCISE ACT.

deepak   25 June 2011 at 10:37

vat

if vat for the year 2010-11 is refund then it will carry forward in next year and also show in next month in vat return in case of firm want to apply vat refund for the year 2010 -11

dasd   25 June 2011 at 05:22

income tax

Income tax act-it is written as "inserted by finance act 2010 wef 1/4/1010-----that means the provision is applicable from AY 2010-11..



But if it is written as "inserted by FA 2010 wef 1/9/2010" than that provision become applicable from the particular date i.e. 1/09/1010


why it is so when we read IT than we read it wrt AY then why "inserted by FA 2010 wef 1/9/2010" is applicable from Fy 2009-10 [from date which falls within this year]

dasd   25 June 2011 at 04:52

income tax

Tax deducted & paid after due date as prescribed in chapter XVII for eg tax deducted on 31/3/10 deposited on 7 july 10 so the date of deposit is not as per chapter XVII.

NOW COMING TO SEC 40a(ia) THE ABOVE EXPENSES WILL NOT BE DISALLOWED B/C TDS DEPOSITED BEFORE DUE DATE U/S 139(1)

NOW WHETHER I HV TO REPORT ABOVE POINT IN PT NO 27 OF 3CD

iF NO THEN WHY

Raj Sethia   24 June 2011 at 22:14

C-Form

We have made sale in 1st quarter, for eg on 30.6.2010.but our client has recieved the material 07.07.2010 in 2nd quarter and accordingly they have mentioned the date of purchase 07.07.2010 and issued the c=form accordingly.

Kindly inform is this c-form valid or they have to rectify the date & quarter also.

Bhupesh Pradhan   24 June 2011 at 14:53

CST demaded on Branch Transfer

Our Factory is situated in Chhattisgarh. We have various Branch Offices in various States out side Chhattisgarh. We transfer our products to our Braches in “Branch Transfer Basis”. After that Receiving Branches give Form “F” monthly to Chhattisgarh. The products which we have transfer to various states are sold in the state & in the respective states we have paid VAT. In some cases the received date & date of sale is same. Now the Chhattisgarh Sales tax Department has demanded CST on the Branch Transfer treating it as “Predetermined Sales”. Please advice in this regard