My friend wants to start consulting on various soft wears to overseas customers.What are the legal requirements by law to start export of advise + soft wear ,if any,like RBI permission,service tax no.,vat no.,payment of income tax,service tax,etc.Sir, your advice will be highly helpful in starting his export business.
hardeep
10 May 2011 at 15:38
Dear Sir,
We are purchasing/procuring excisable goods without payment of excise duty from a company against CT-1 Bond for export. The company providing us goods against ARE-1 form in a natural colour.
We are further getting these goods zinc plated from a job worker who charging us Service tax in his bill.
We want to know, can we take credit of this service tax amount as a input service cenvat credit.
Please reply and oblige.
Very thanks.
Hardeep
Anonymous
09 May 2011 at 17:57
Dear sir/ madam
I have purchased a property in 2010 and is under construction the property is alloted to me but the possession is still to be done. I have borrowed loan from a bank to purchase the property now i am repaying it from my salary.
Please advise if i can claim the deduction under 80C for the said repayment of loan and what all components can be taken into computation
Your early revert on this will be highly appreciated.
kalpana21sara@gmail.com
09 May 2011 at 11:06
I invest regularly in NSC to get a tax deduction under 80C, but add the second name of mother as well who is a dependent on me.
Can i gift the interest earned to my mother and she can show that in her annual income as she doesnt fall under tax bracket?
Is there any separate declaration required for this apart from mentioning this income while filing her income tax return?
Anonymous
08 May 2011 at 10:47
I AM ANDHRA POULTERY TRADER PURCHASED SUNFLOWER DEOILED CAKE FROM KARNATAKA.,AND MAHARASTRA (OIL PLANTS) SOLD TO POULTERY FARM IN ORISSA. NO C FORM ISSUED TO ANY SUPPLIER DUE TO THE SOLVENT OIL PLANTS EXEMPTED FROM TAX AND THEY GIVEN F FORMS DULY AVAILABLE IN MARKET. THE GOODS TRANSPORTED BILL OF EXCHANGE MADE IN ANDHRA AND TO SOME GOODS
CAMP INVOICE ISSUED AT KARNATAKA AND MAHARASTRA. THE OUTOF STATE WAYBILLS ISSUED BY ANDHRA COOMMERCIAL TAX DEPT.
ORISSA POULTERY FORMS DONT HAVE SALESTAX REGISTERATION AND EXEMPTED FROM ALL TAXES.
AT THE TIME OFASSESSMENT CTO EXEMPTED LEVY OF TAX. AFTER 2 YRS. AUDIT PARTY POINTED OUT LEVIED TAX. APPEAL DISMISSED
THEN APPROACHED HIGHCOURT. THE COURT REFERRED TO DEPT. FOR CLARIFICATION AND ISSUED STAY. NOW THE MATTER IN TRIBUNAL NOT YET SITTING.
ALSO THE SAME MATERIAL PURCHASED IN ANDHRA
FACTORIES AND THEY COLLECTED 4% APGST AND THE GOODS TRANSPORTED TO ORISSA AND PAID 6% TAX. THE DEPT. ASKS TO PAY AGAIN 4%.
DEPT. NOT ACCEPTS FACTORY BILL COLLECTION OF 4%
THE PROBLEM ONLY TOME. SO MANY TRADERS STILL SUPPLYING THE MATERIALS FROM ONE STATE TO ORISSA TO THE SAME POULTERY. AFTER THIS PROBLEM RAISED BY THE DEPT. I STOPPED TRADINF TO SAFE GUARD MYSELF.
PLEASE LET ME I AM RIGHT OR WRONG?
arjun prajapati
07 May 2011 at 13:09
Does an Unregistered dealer is required to make registration under local sales tax authorities, which is dealing in Tax free goods?
What Tax Treatment is to be done for that kind of Purchases
1. treat it as tax free goods
2. treat it as purchased from unregistered dealer & liable to purchase Tax.
D/all
please provide a format in excel sheet of investment declaration form for income tax purpose for the the financial year 2011-12.
Dear Sir,
Kindly clarify that :-
a)Unit having retail sale up to 8.9 crore in the previous yr what is liability towards excise duty and what formalities are required
to be done by the manufacturer.
b) if the previous yr retail sale is more than 9 cr and less than 12 cr what is the exemption available to him
thanking you
Ravi Otwani
06 May 2011 at 14:19
My Client had entered wrong tin no
and he had entered correct name of the dealer
now my query is what is a procedure to
rectify the mistake
C & F
Dear Experts,
Kindly discuss the following queries regarding C & F agreement
We are the marketing co. for certain products in mumbai and need to appoint C & F in Maharashtra and other States.
Queries are :
1) How to make the stock transfer to C&F within and outside state? using what forms?
2) Can we make billing in name of C&F and according C&F can make to secondary market?
3) What will be the role of Company and C&F in case of payment of Local Sales Tax ie VAT?
Thanks & Regards,
Rita Paryani