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Jatinder Chugh   29 April 2011 at 15:08

Vat

I am a Govt. Contractor and want to know about works contract as how can I raise my bill, how much should be % of Labour and what rate of vat should i charge in bill if i am using material of 5.5% and 13.75 % in a single contract. If some is having complete details of works contract under punjab vat act pls mail it to me

Anonymous   29 April 2011 at 11:55

vat on free of cost quantity

we r manufacturing we give our customer free of cost while customer by 10 box material we give 1 box free material how we have to invoice this foc quantity in invoice is there any vat on such kind of free of cost quantity?

Anonymous   29 April 2011 at 10:22

Octroi

Dear Sir,
I have a query on Octroi rules, the query is whether it is possible to pay Octroi on a lower amount than the invoice price, if so whether there is any notification regarding the same. I would also add more matter, basically we send our goods at say Rs. 100/- MRP to our franchisee who sells it at that price to the retail customer and we give say 30% commission to our franchisee on that. Now we want to pay octroi on Rs. 70/- although the invoice price is Rs. 100/-

Nitesh

Anonymous   29 April 2011 at 10:17

C.S.T. applicability on transfer of goods


hi, we r registered dealer in mumbai and participated in an exhibition in delhi as a casual trader for only one day.what we sold in delhi,calculated d vat amt and paid to the department same day.but while Filing our C.S.T. AND M.Vat return in Mumbai, what would to tax liability in mumbai towards C.S.T PAYMENT.Is"F" would be required to get expmtion from paying C.S.T in mumbai.pls guide me properly as soon as possible.

thanking you

Taraesh

anish   28 April 2011 at 22:09

Service tax on residential rent

Sir
is service tax applicable on rental income derived from a residential property given on leave & license basis for residential use only by an individual ?

Anonymous   28 April 2011 at 17:39

Tax payment


Dear Sir,

My uncle,my sister and myself own a shop portion and my uncle has been receiving rent from the tenant and depositing in Joint account and not paying the arrears of property taxes which was raised by the concern authority. Now, it accumulates.
Please advice whether we can request the concerned authority to collect taxes by letter

Anonymous   28 April 2011 at 14:48

Limitation period for assessment of individual when revised return is filed.

DEAR SIR, I FILED THE RETURN OF INCOME FOR AY 08-09 ON UNE 30,08. SUBSEQUENTLY I FILED A REVISED RETURN FOR THE SAME ASSESSMENT YEAR 08-09 ON MARCH 31,10 . THE ASSESSMENT HAS YET NOT BEEN FINALISED. MY QUERY IS ;- WILL THE MANDATORY THREE YEAR PERIOD FOR TAX AUTHORITIES TO ASSESS THE RETURN BE OVER BY MARCH 31,2011 OR MARCH 31,2013, 3 YEARS AFTER FILING THE REVISED TAX RETURN FOR AY 08-09 THANKING YOU VINAY KALA APRIL 28,11

Anonymous   28 April 2011 at 12:59

Income Tax exemption for donors to social organisations

Dear Experts if a social organisation wants that its donors get income tax exemption benefit on the amount of money they are donating, what needs to be done by the social organisation.

Anonymous   28 April 2011 at 10:48

capital gains tax

I had bought a flat for for Rs.82000 in Aug'94 and sold the same for Rs.9,55,000 in March'11.
Meanwhile I had started construction of a new house on a pre-owned plot of land in October'08 solely relying on the sale proceeds of the flat to meet out the cost of construction. The sale of flat however took a long time to mature. I expect to complete the construction sometimes in june'11.
Can I adjust the capital gains tax acrued against the cost of construction and claim exemptions?Are their any special exemptions available to me being a lady?

CA Rajender Arora   28 April 2011 at 08:20

VAT, SERVICE TAX AND CST

WOULD BE A PRIVILEGE TO SHARE LITTLE KNOWLEDGE, possessed.