navid mughal
16 August 2009 at 14:37
if a cottage industry is manufacturing in mahharashtra, a handicraft product out ot lac and selling it at goa. i it liable to pay vat tax or sales tax etc?
PATRAS GREGORY KHALKHO
16 August 2009 at 10:57
can i take credit of service tax paid by me on behalf of a foreign service provider not having office in india.are there any case laws on this issue?
SUBHASH SHARMA
16 August 2009 at 00:15
DEAR SIR,
IS TDS APPLICABLE ON PROPRITORSHIP FIRM , IS THERE ANY LIMIT TO DEDUCT TDS LIKE SALE SHOULD CROSS 40 LACS ETC.
THAKNS/REGARDS
SUBHASH SHARMA
ADVOCATE
TARUN JAIN
14 August 2009 at 16:13
A private limited company who is making profits since incorporation, has not declared any dividend.
Now, the Company wants to issue bonus shares using credit balance lying in Profit & Loss Account.
Can the Company do so?
If Yes, please explain the tax implication also.
Thanks & Regards
verghese stephen
13 August 2009 at 20:19
supreme court judgements on recovery of sales tax dues from the directors of pvt ltd company
jiwan
10 August 2009 at 19:13
WE ARE A MANUFACTURE OF PLASTIC BOTELS AS PACKAING MATERIAL . WE PURCHASE RAW MATERIAL FROM A LIMITED IN MUMBAI & SEND FOR LABOUR JOB TO B LTD. IN MUMBAI WITH CENTRAL EXCISE ANEXURE 2 ISSUED BY US , WE ARE EXEMPT FROM EXCISE IN UTTRANCHAL BUT B LTD IS A EXCISABLE UNIT IN MUMBAI. B LTD. GIVE INTIMATION IN CENTRAL EXCISE DEPARTMENT AS A SALES OF PLASTIC PRODUCT NOT LABOUR JOB.
MY QUESTION IS :
1- IF B LIMITED DON’T INTIMATE FOR LABOUR JOB . CAN HE DO LABOUR JOB. IF YES WHAT HE CHARGED EXCISE DUTY OR SERVICE TAX ( HE DOES’T ADD ANY MATERIAL IN LABOUR JOB & CROSS EXCISE DUTY & SERVICE TAX EXEMPT LIMIT)
2- IF B LIMITED SEND MATERIAL AFTER LABOUR JOB,,CAN WE ISSUE F FORM AGST THIS TRANSACTION ALTHOUGH WE SEND ANEXURE 2
3-WHAT IS CONSIQUENCIES IF HE DONE LABOUR JOB WITHOUT ANY INTIMATION IN CENTRAL EXCISE DEPARTMENT FOR LABOUR JAB . PLEASE GIVE ANY NOTIFICATION NO.
Guest
08 August 2009 at 16:20
Hi.
Suppose A from Ahmedabad and B from Bomaby execute an agency agreement whereby A is Principal and B is Agent. Bow A will send material to B against F Form....
I want to know whether these entities have to intimate concerned Sales Tax Department of this Agreement?
I think B has to submit a copy and should intimate as he has to obtain F Forms from Department? A has no such need? Plz reply as to the exact requirement......
Tx n Rgds,
navid mughal
08 August 2009 at 13:22
wheather a cottage industry making handicraft by using lac is liable to pay sales tax or vat etc?
kiran
08 August 2009 at 04:41
Hello Sir/Mam,
One of my cousin had around 10 Lacs invested in his savings bank account. Later this month he received a letter from IT department demanding the source of this 10 Lacs.
Issue: This money was a sort of gain from the sale of a real estate property, hence he did not want to disclose the sale details.
Question:
1. What are the extreme steps that IT department could take against my cousin?
2. How to overcome this deadlock.
Thanks in Advance.
pending refunds of assessee
Sir,
I have filed a retun of income tax for AY 2006-07 claiming a refund of excess tax deducted by my employer for FY 2005-06.Excess tax was deducted due to change in rule regarding valuation of rent free house from 15% to 7.5%. Employer has not shown the tax refundable in his quarterly returns or Form 16 for the year issued to employees as the change was with retrospective effect.
I want to know whether my claim of refund is correct or not and as I have not received the refund from department, what is the redressal forum where the complaint can be made as the AO says that TDs deducted or returned by my employer does not match with figures of my return