Anonymous
16 July 2010 at 10:58
detail of work contract is:
work contract is for lump sum amount and can't bifurcate. contractee provide mataedrial and machinery free of cost.
so, now what is criterial and value adopt for the valuation for service tax and
vat. when we adopt compostion scheme and without composition scheme for both.
ncvijaykumar
15 July 2010 at 23:34
A director received a property from a company under a family settlement as per the award of the arbitrator under the Arbitration and conciliation Act 1996. Whether such property be treated as a "Benefit or Perquisite" under section 2(24)(iv) of the Income Tax Act 1961? is there any case law in support of the assessee that it is not taxable under the above section?
Anonymous
15 July 2010 at 19:54
R/sir, i had a query that whether Advocate is liable to pay professional tax or not.
Anonymous
14 July 2010 at 21:12
If Inter state purchase is made without C form so Local rate will appicalble. So in such case CST or Vat will be writter with rate in invoice.If Vat is written in invoice to VAT will be claimed as VAT Input in which such good are brought.
hussain
14 July 2010 at 17:02
Sir
In Sales tax audit for the year 2006-07 the officer as find that there is a diffrence in stock as per return calculation and the diffrence amount is Rs :- 93297/= the officer is calulating this amount means 93297 * 4 and then on Rs : 373188/= on this amount 4% tax will be charged to party sir i want know that on diffrence amount will be charge 4% tax and after that the tax amount will be multiply into 4% as a penalty.which will be right sir please reply me.
Thnaking You
Rema
14 July 2010 at 10:48
Please anwer the latest position of VAT on Works contract. Latest Supreme Court dicision on the subject if available to my friends, pl. forward.
Thanks in advance
Rema
Anonymous
13 July 2010 at 09:43
Dear All,
Kindly put some light (if possible with case laws) to clarify as to whether before acquisition of cultivable land (situated in Sonepat Haryana)prior to the date of acquisition if in case the persons of a Hindu Family are filing their return as HUF then capital gain tax will not be applicable?
Thanking You in advance.
Best Regards
Anonymous
Anonymous
12 July 2010 at 16:17
We are a Partnership Firm having constructed a Hotel and a Shopping Mall.We have commenced operations of the Hotel in April,2010.
Our questions are :
1. Can we claim deduction of 100% of Capital Expenditure incurred on the Project ?
2. What does Capital Expenditure include ?
3. Do we have to segregate expenditure on Hotel and Mall or is the deduction u/s 35AD applicable to both ?
4. What are the advantages or disadvantages in terms of taxation if we covert the Partnership Firm into a LLP or a Private Company ?
Regards,
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Section 35AD and Hotels
We have commenced Hotel operations in the current year.While preparing Annual Accounts for the Hotel,we propose to charge depreciation as per Income Tax Rules.
The question is in the Depreciation Chart to be annexed with the Financial Statements,can we give effect to deduction of 100% of thecapital expenditure of the Hotel in the aforesaid chart ?In other words,if we have adopted the method of charging depreciation as per Income tax,can we show 100% depreciation in the chart?