Chandrasekhar
26 December 2010 at 21:48
Sirs, My query is whether the CIT is competent to initiate and levy concealment penalty u/s.271(1)(c) of the Income-Tax during the revisionary proceedings? The Incometax Act empowered the AO, CIT and CIT(A) to levy such concealment penalty. What are the judicial decisions on this area. Pl.share views with supporting case laws. Thank u.
Debashis Mandal
26 December 2010 at 20:25
Respected Experts
If an assessee is involved in AMC business of electronic appliances & making a contract with customers for providing spare parts free of cost if needed within the concerned contract period - in that case vat is to be born by the service provider now regarding service tax - service tax is to be taken on which amount - is it total amc fees amount or any partial amount of that amc fees.
Thanks
Debashis Mandal
Anonymous
26 December 2010 at 18:34
As AMIT BAJAJ ADVOCATE on 25/12/2010 15:40:20 has given answer to question but i want to know more about date of purchase by putting below suitable example with reference to punjab vat act-2005.
Eg. as when seller send the goods during interstate sale on 30.06.2010, he book the sale on same date when bill is given to transporter by him. now when purchaser receive it say by 20 days later ie 20.07.2010 then he enters it when he receive it.
Now Question is :
1. if the transaction fall in two quarter then the problem arises as to issue of Declaration Form C. seller says i have to receive the form for Quarter 1 as purchaser says it relate to Q2. due to this a lot of problem occurs while taking declaration forms from local sales tax authorities.
2. if difference relate to two financial years a bigger problem arises? somes states are giving form by printing on it valid for particular year.
how to resolve.
Anonymous
25 December 2010 at 19:59
Hello
thanks members for your valuable & promp replies.
I need more info on the law course
(a) Is it a general law degree that i should take up or is there any cretaria
(b) can i opt for a diploma
Thanks in advance
ARJUN
24 December 2010 at 23:08
1.Does it requires for interstate sales to pass through entry barriers of states if more than one routes are available.
2. which date to be considered for entering purchase voucher
a) Bill Date
b) Or Date of actual receiving of goods
joydeep chatterjee
24 December 2010 at 17:47
sir,
after my father's death,me,my mother & brother are the legal heir of my father's house.we want to sell the ground floor of the property.municipality mutation is in our name i.e. me,mother & brother.
i am planning to buy a new flat in my name with the proceedings of the sale.but i will be required to use my mother's & brother's amount of share for purchasing the new flat.My question is how my brother & mother will give me their share of amount for purchasing of new flat?what is the procedure?
what will be the capital gain tax incase of my mother & brother?
joydeep chatterjee
24 December 2010 at 17:44
sir,
after my father's death,me,my mother & brother are the legal heir of my father's house.we want to sell the ground floor of the property.municipality mutation is in our name i.e. me,mother & brother.
i am planning to buy a new flat in my name with the proceedings of the sale.but i will be required to use my mother's & brother's amount of share for purchasing the new flat.My question is how my brother & mother will give me their share of amount for purchasing of new flat?what is the procedure?
what will be the capital gain tax incase of my mother & brother?
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Expenses that can be claimed against partnership remuneration
Dear Sir,
Can i know the list of expenses that can be claimed against the remuneration in the way of salary or interest received from the partnership firms ?