SD
27 November 2010 at 15:23
Hi,
I am running a manufacturing unit of RCC Spun Pipe where cement is the one of major raw material.At time of purchase this cement I used to pay VAT @ 12.5% to the dealer.Now please let me know if I'd get the input tax rebate of this cement purchase under the current VAT rule of West Bengal.If yes please let me know the rate of which I would get input tax rebate.I'd appreciate your help if you mention the exact section/sub section of the rule that described the same.
n v sudhakar
26 November 2010 at 19:40
ABC is a manufacturer of pharma which is Limited comapny. XYZ is a dealer of pharma which is a private limited company.
ABC is manufacturing and selling to XYZ. XYZ in turn selling to various clients.
The arrangement is ABC is manufactured in India under technical guidance with XYZ.
On the carton the printing is as under:
Manufactured by ABC
Under Technical Guidance with XYZ.
Whether the above arrangement is treated as branded goods?
Kindly suggest.
N V Sudhakar
Anonymous
26 November 2010 at 17:48
Husband running a kirana shop and wife engaged in private tuition work since last 10-15 years. Both do not have any bank account. Both do not file ITR becuase Below Taxable limit. Upto f.y. 06-07, they accumulated about 10 lacs in cash ( about 5 lacs each) and deposited with Govt. deptt. as licence fee Rs. 6.00 lacs and Security deposit Rs. 4.00 lacs in cash for obtaining a liquior licence for the FY 07-08. Money was deposited / paid in FY 06-07 but for the business of FY 07-08. IN the scrutiny assessment for AY 08-09, AO proposes to add the 10 lacs as income on the ground that no body can accumulate and keep such a huge cash balance in hand. Is the action of AO justified. Pl. provide case law if any in support of assessee.
Rama mohan Acharya
26 November 2010 at 15:21
In an industrial establishment a contract has been awarded to a contractor to supply manpower.It is stated that the contractor has to fulfill all statutory obligation and the same shall be reimbursed by the principal employer.In this context my querry is the service tax will be paid on which amount? whether on the service charges(contractor's Profit) only or on the entire amount of bill which included minimum wages,PF,Leave encashment, bonus etc?
Kindly advise
Prakash Shah
25 November 2010 at 14:45
A company is engaged in the online ticket booking services and uses the facilities of a payment gateways - i.e. CCAvenue (which is widely used in India by most of the e-commerce companies). CCAvenue deducts service charges on the amount collected on behalf of the company from the customers and remits the balance money to the company in the company's bank account. Whether, the company is required to deduct tax at source on the service charges charged (nature of expenditure is of that of bank charges)by CCAvenue to the company ??? Also if yes, then under which section 194C or 194H or 194J. The company deducts the amount under head - TDR (Transaction Discount Rate) and charges an annual software maintenance fee to the company.
Anonymous
25 November 2010 at 10:48
if a person working in govt. hospital, trust, blood bank which is govt. undertaking so is it compulsory to have PAN Card and to file tax.
hitesh
24 November 2010 at 15:35
I had Agricultural land within 8 Kilometers of municipal of Amroha & there found no single buyer for that so we sold that in plots.
Whether it will amount to Conversion of Capital property under section 45(2) if Yes what will be the conversion cost taken for PGBP?
Further, Whether Agricultural land Purchased for Section 54B should be Rural Agricultural Land or should any Agricultural land (whether Rural or Urban)
And whether selling of Ageicultural Land as plot will attract any other law, or it may attract any penalty by the muncipal corporation of amroha
Crusader
22 November 2010 at 17:52
Hi,
My wife earns money being a freelancer writer and works using home and internet.
I would like to request for suggestions/ideas on what all would be taxable in such cases, and what expenditures could be non-taxable. Also what all tax saving options are available in such cases for a women.
Any suggestions on a consultant for the same in Noida would be great too, along with rough idea on the consultation charges.
Please note we need somebody who could 'suggest' on making income non-taxable based on various rules for self employed freelancers and not just tax calculation.
We will use this information to pay tax and
later file returns.
Thanks for all the help!
ajay gupta
22 November 2010 at 12:10
I am in service with a private company in india and files my income-taxes regularily.One of my close relative wants Rs. 5 lakhs loan (with or without interest) from my salary account for investing in one of the real estate company's FD which might result him a better ROI.He wants me to transfer the loan money via cheque or netbanking transfer from my salary a/c to his company bank a/c through which he would make investment.He promise me to return the money within 15 days but in theform of cash only.
Since he is a very cose relative and hard to refuse from my part, please advise whether it is legal to do so in this way and there shall not be any tax implication on my side in future OR kindly suggest some suitable method for doing this. He is not a blood relative (wife maternal uncle. Money pay back in cash is guaranteed from him.
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Service tax on cashless medical treatment
An establishment has entered into an agreement with some trust hospitals to provide cashless medical treatment on referal. The bill are paid by the employer directly to the hospitals.
Whether the amount is aligible for Service Tax in view of the amendment wrt 1.7.2010?
I think the word "treatment" is not there on the otherhand,"health ckeckup or preventive care" is mentioned.
Kindly advise and also advise how I can gert a copy of the notification of the Govt.