Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Anonymous   09 June 2011 at 13:50

VAT

Whether Slump sale will attract VAT?

Anonymous   09 June 2011 at 13:34

PAN Cancellation

Respected Friends,

Give some suggestions by anybody.

What is the procedure of PAN Cancellation.

If it is HUF & Individual

Give me reply & thanks in advance for suggestions

Anonymous   09 June 2011 at 13:29

I T Return Filling Two Times

Please tell me what can I do in following condition.

I was filled I T Return by e-filling portal, but my client was also filling his I T Return itself. First time filled by My Client and 2nd time filled by me. My Client don't tell me about his Return Filling. Give me some suggestion any one.

Anonymous   08 June 2011 at 23:56

ENFORCEMENT OF CENTRAL EXCISE

ONE OF MY CLIENT OWNER OF THE PREMISES GIVEN A GODOWN ON RENT TO A CIGARET MANUFACTURER FOR MONTHLY RENT OF RS. 12,000/-

UNFORTUNATELY RENT AGREEMENT WAS PREPARED BUT IT WAS NOT SIGNED BY THE TENANT HE ORALLY COMMITTED TO SIGN THE RENT AGREEMENT WITH 2-3 DAYS AND HE KEPT RAW MATERIAL OF CIGARATE MANUFACTURING AT THE GODOWN.

SUDDENLY TEAM OF EXCISE DEPTT VISITED THE GODOWN AND SEALED THE GODOWN. TENANT WAS NOT AVAILABLE THERE.

OWNER OF THE PREMISES WAS ALSO THERE HE HAD TO TAKE THE SUPERDARI OF THE SAME AFTER RELEASING THE SEAL OF THE GODOWN.

NEIGHER TENANT IS COMING AT THE PREMISES NOR HE IS PAYING THE RENT.

KINDLY SUGGEST WHAT MY CLIENT SHOULD DO TO GET RID OF THIS PROBLEM.

d. chandra sekhar   08 June 2011 at 18:45

C Form

My client has taken VAT and CST registrations in A.P for doing business in Transfer of right to use goods. At the time of taking CST registration, my client mentioned Machinery, Enginees etc., for construction of tug. At the time of applying C forms on these goods ( Capital Goods), the CTO rejected my clinet application, stated that the items mentioned in CST application by the assessee is for resale not for use construction of tug. In that reason he rejected to issue C forms.
My query is whether my ckient is eligible for C forms or not?
If eligible, on what grounds and is there any case laws in this issue. Please clarify, the last date of filing of appeal is 15.06.2011.

regards
D. Chandra Sekhar
Kakinada

Santosh Kr. Agarwal   07 June 2011 at 13:03

Eligible for Service Tax or Not

B receive the Guest House from A (Owner of the Guest House) @ of monthly rent of 85000/-(per month). B then give the guest house on Rent to C @ 260000/- per month.
i)Is A should charge Service Tax on Bill to B amounting 85000/-.

** He deduct TDS 8500/- on Rent.

ii) Is B should charge Service Tax on Bill to C amounting 260000/-.

** He deduct TDS 26000/- on Rent.

Please advice since both A & B are not registered to Service Tax.

What are the Criteria of Service Tax deduction.

Anonymous   07 June 2011 at 09:46

capital gain tax exemption

sir, i have sale my dda residential flat in 2011 , now i want purchased a land . but according to my knowledge for capital gain exemption purpose i have to invest in residential house or flat not commercial and land.
but the confusion is that land which i am going to purchase has temporary constructed and electricity meter permanent has also taken and this house is freehold property.
so according to law , how to recognized this property residential house or land. and i will be eligible for capital gain exemption or not.

CHANDRASHEKAR   05 June 2011 at 22:33

TAX EXEMPTION ON HOUSING LOAN

I Have purchased house in my name in Mumbai and loan is in joint name of me and my wife in 0ct 2010.

Total interest i can claim for tax exemption maximum is Rs 150000/- though i will be paying tax more than 500000/- during the year.

Can my wife too claim tax exemption of Rs 150000/- basis the same loan mentioned above.

We have received provisional letter from the bank for claiming tax exemption and both are names are mentioned on the letter since it is a joint loan.

Anonymous   04 June 2011 at 12:28

Service tax on immovable property

I want to know which expenses can be claimed against rent received from immovable property for Service tax purpose.
And which are the exps. on which service tax can be claimed as input service tax against service tax payble on rent from immovable property.
Can we take the input benefit for service tax paid on commission paid to broker who helped us to rent out a property.
Can anyone help me.

Advocate Abhijeet singh   04 June 2011 at 09:07

TDS on arrear of salay received by wife after death of husband

respected sir greeting of the day.

I have this particular my case for which i need your help to solve:

" My father expired on 2 may 2011 and then my mother receives arrears of salary of earlier period before 2 may 2011, where TDS is applicable on that amount receovied by my mohter.

Awaiting your reply at the earliest.
Abhijeet