vinay gangadhar hegde
10 November 2009 at 21:00
whether purchase of ready made equipments from some registered dealers, then errect it on specified place with certain other fabrication works becomes works contract or supply contract i.e direct sale.
(please clarify the same for Karnatak VAT Act.)
Kashyap
08 November 2009 at 23:09
1)Is there any law called as general laws ?
2) Is there any definition in the same regarding "relative" ?
3) Can the two wives of the same person can be termed as relatives for the computation of tax purposes ? {Mr. A has two wives, Mrs. X and Mrs. Y.
Mrs.X gifts to Mrs. Y (may be cash or immovable property). Is this
taxable in the hands of Mrs. Y ? }
Anonymous
08 November 2009 at 11:54
Dear All,
Where will i find article on stamp duty and registration amount payable on Lease / Leave and License and Business Conducting Agreement accross the states in India.
Please guide me in this regard.
Arun Wadikar
Advocate
Hanumandhan.R
07 November 2009 at 18:40
Dear Sir i need clarification regarding any exemption available for non payment of service tax due to non collection of service tax from the recipient of the service.
one of the service provider(laboratory) providing inspection and certification service which is came under the service tax net in July 2003 but above tax provider get registered under service tax for service tax assessment only in oct 2004 and pay ST as per Rule.
Now the department issue a notice for demanding ST for the period from July 2003 to Sep 2004 what is the remedy? is there any exception available
Please clarify it
Thank you
Anonymous
07 November 2009 at 17:44
Hi friend did anyone know that what is the vat & cst rate for stone chips in west bengal & jharkhand. thanks in advance
ABCDEFGHIJKLMN
07 November 2009 at 11:33
Hi Expert Panelists,
I have a question about LONG TERM CAPITAL GAIN TAX.
(1) I have purchased a residential flat in March’06
(2) I had a residential Plot only (without any accommodation built on it).I held it for more than 20 years. Recently I sold it in March ‘07. I am under impression that no LTCG is payable for immovable properties, like Shares and Stocks.
(3) I had a commercial Property held for more than 25/30 years.I sold it in March’08
The purchase cost of residential Flat purchased in March’06 is more than the total receipt of residential plot and commercial property.
In view of above do I have to pay any LTCGain? If yes at what rate?
I will be obliged to have your views on the subject matter.
Bhasker Parikh@gmail.com-Date 07/11/091110 hrs
ABCDEFGHIJKLMN
07 November 2009 at 11:12
Hi Expert Panelists,
I have a question about LONG TERM CAPITAL GAIN TAX.
(1) I have purchased a residential flat in March’06
(2) I had a residential Plot only (without any accommodation built on it).I held it for more than 20 years. Recently I sold it in March ‘07. I am under impression that no LTCG is payable for immovable properties, like Shares and Stocks.
(3) I had a commercial Property held for more than 25/30 years.I sold it in March’08
The purchase cost of residential Flat purchased in March’06 is more than the total receipt of residential plot and commercial property.
In view of above do I have to pay any LTCGain? If yes at what rate?
I will be obliged to have your views on the subject matter.
Bhasker Parikh@gmail.com-Date 07/11/091110 hrs
Zeeba Aga
06 November 2009 at 23:58
RESIDENTIAL PROPERTY WAS PURCHASED MORE THAN 3 YEARS AGO AND WOULD JUST ATTRACT LONG TERM CAPITAL GAIN TAX IF NOT INVESTED IN ANOTHER RESIDENTIAL PROPERTY WITHIN THE TIME SPECIFIED AS PER LAW.
THE PROPERTY WAS ON 2 NAMES AND JUST RECENTLY THIS YEAR THE ONE OF THE PROPERTY HOLDERS TRANSFERRED HIS/HER 50% SHARE AS GIFT. NOW JUST 9 MONTHS HAS PASSED AFTER THE GIFT DEED WAS REGISTERED.
IN CASE WE SELL THIS PROPERTY NOW AND PURCHASE OR NOT PURCHASE A RESIDENTIAL PROPERTY, WILL IT ATTRACT A CAPITAL GAIN TAX, AND IF YES THEN ON THE ENTIRE PROPERTY AMOUNT OR JUST THE 50% GIFT DEED TRANSFERRED AMOUNT,OR NOT AT ALL.
IF YES THEN SHORT OR LONG TERM AND ON WHICH SHARE.
REGARDS
sreevani
06 November 2009 at 16:53
Respected sir,
Please let me know whether replacement made under warranty claim be treated as part of sale and whether vat is applicable.send the answer to my emailid
-sreevanisraor@gmail.com
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Showcause notice of central excise
I am a Manufacturer Exporter of S.S.Utensil. All the finished goods which i manufacure is exported to foreign countries. The Raw Material which i purchased i.e.(S.S.Flat, Oil, Acid etc) are Excisable and my Finished product that is S.S. Utensil is Exempted . I opt the scheme of Duty Draw Back scheme of Central Government.I am exporting my product from last three year and given eyery kind of information regarding my work to the department and filing Excise Return Monthley. My all export has been done under the supervision of Excise Department.They never raise any question for any additional duty for the goods i manufacture for export. Now a new supritendent has come and asking the Excise duty to be paid on the intermediate goods by imposing the rle 67/95 of C.E.Rule.He told me that as during the course of manufacturing S.S. Patta -Patti is generated and it has 8% duty were as your final product which is S.S.Utensil is exempted so you will not get the exemption of notification 67/95 and till the stage of patta-patti you have to pay the duty. I told him that as whatever i manufactured is exported so local excise rule is not applicable on me , but he refused my statement and issued a showcause notice, demanding the duty upto the stage of patta-patti used for he goods i manufacture for last one year for the goods exported. I therefore request you to please tell me what to do in such circumstances, and also inform me that shall i have to pay any extra duty for the goods exported out of india.