Taxation queries [Resolved] [384]

pankaj 27 June 2011 at 15:37

tds on material & Service purchase against one bill

dear sir,

i m article assistant under C.A. & want to know whether tds should be deducted on material & Service purchased against One bill which shows material amount seprately & Service Parts seperately

for example

Spare Parts - 22000
Vat - 2520
Labour - 6000
service tax- 612
Total amt 31132

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pankaj 27 June 2011 at 15:29

TDS on Freight charges Bifrucated in bill of rep of machinery

dear sir,

i waht to know whether tds should be deducted on freight charges seprated showing in a bill of repair of plant & machinery.

Repair of Plant 80000
service tax 8240
freight charges 12700

total bill amt 100940

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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.

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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.

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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

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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

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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.

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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

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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]

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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

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