Chetan Subhash Deshpande
25 April 2009 at 14:35
There will be sea change in Indirect Taxes in India by introduction of GST from 01-04-2010.I will be very greatful if anybody provide me Draft Goods & Services Tax Act
sandip
23 April 2009 at 13:22
Is it necessary to pay excise duty on unbranded finished goods ? These goods are sold under the tag of company's inhouse brand.
Pradeep Garg
23 April 2009 at 11:26
Sir,
My current employer has deducted income tax from my salary for AY 2009-10 on the assumption of pro rata income from previous employer and pro rata TDS there on deducted by previous employer. Form 16 of previous employer is awaited and Form 12B submitted by to current employer has not been considered no sufficient reason given. Kindly advise if employer has exceeded his authority and what can be the consequenses if actual income (less than form 16)is shown in return and refund is claimed
Ravi Chopra
22 April 2009 at 22:09
Whether any tax is leviable on income transferred from abroad by an NRI in his NRO or NRE Account. Whether interest earned on such income lying in NRO/NRE Account is chargeable to tax or not and whether the NRI will have to file I.T. Return for the interest income earned on deposits in such accounts in India.
Vani prakash M.V.
22 April 2009 at 15:22
Will AP VAT rules applicable on the transportation charges collected by the material seller
Deepak Goel
21 April 2009 at 17:06
Hi every body,
Pls tell me if an individual (karta of HUF) is transferred his personal immovable property into Houch Pouch of HUF then there is required any legal document to transfer this property. If yes, then tell what is the legal document require.
Guest
20 April 2009 at 16:56
Dear Friends,
This is with regrd to the Service Tax Return to b filed half yearly.
We got ourselves registered in the last month with the Deptt. Now while filing a return for the 2nd half year, is it necessary to give details of the gross receipt even though that is lesser than the 10 lacs. If yes, after showing that amount, how shall w claim abetment thereof. Otherwise we would b liable on that amount. Tq.
Ravi Mishra
19 April 2009 at 14:36
India is having 'DTAA' agreement with UAE, Dubai.
1. In case a UAE / Dubai based NRI opens a NRO account with a Bank in India, at what rate 'TDS' is to be deducted on interest income earned?
2.Name of countries with whom India has "DTAA" agreement.
3. Rate of 'TDS' under 'DTAA' with these countries
VINAYAK MUNGI
19 April 2009 at 14:19
THE DISALLOWED AMOUNT IN 40A(3) GENERATES BLACK MONEY IF THE CASH HAS BEEN ENTERED IN THE BOOKS OF ACCOUNT OF THE PAYEE WHO IS IT ASSESSE
NO LAW IS THERE TO STATE THAT THE DISALLOWED AMOUNT SHOULD NOT BE ADDEDTO THE PROFITS OF THE FIRM/PARTNER/PROPRIETOR
IF A FIRM X HAS INCURED AN EXPENDITURE OF MORE THAN THE LIMIT SPECIFIED AT A UNDER 40A(3) OF ANY PERIOD AFTER THE ACT WAS ENACTED . THE EXPENDITURE IS INCURED FOR PURCHASE OFF RAW MATERIAL FOR PRODUCTION.
THE PAYMENT IS MADE TO A FIRM Y WHO IS AN INCOME TAX ASSESSEE. ENTERS THE CASH
IN HIS BOOKS OF ACCOUNT
THE ASSESING OFFICIER DIALLOWS THE EXPENDITURE AND ADD TO THE INCOME OF THE
FIRM AFTER PAYMENT OF THE ADDED INCOME TAX . ADDS THE PROFIT AFTER TAX TO THE
PARTNER/PROPRIEETOR
NOW THE PROFIT OF THE PARTNER/PROP
IS A BLACK MONEY BECAUSE FIRM Y HAS ENTERED THE MONEY IN THE BOOKS OF ACCOUNT
AND WHICH IS THE SOURCE THE A.O HAS GRANTED THE MONEY(IN THE FORM OF DIALLOWANCE)
IF FIRM Y HAD NOT ENTERED IN THE BOOKS OF ACCOUNT THEN THERE IS NO BLACK MONEY GENERATED
AS THE DISALLOWNCE IS MADE ONE SIDED
WITHOUT VERIFICATION ON THE OTHER SIDE THAT IS THE PAYEE .BLACK MONEY (THE MONEY NOT ENTERED IN BOOKS OF ACCOUNT)IS GENERATED
THE PURPOSE OF THE LAW IS TO BLOCK THE BLACK MONEY GENERATED HOWEVER THE WRONG IMPLEMENTATION CREATES THE BLACK MONEY HENCE THE VIRUS
THE GENERATION OF BLACK MONEY CAN BE BLOCKED IF THE IMPLEMENTATION OF DISSALLOWNCE UNDER 40A(3) IS GURANTEED IF AND AND ONLY IF THE A.O HAS THE PROOF FROM THE PAYEE
THE ABOVE SAID CAN BE IMPLEMENTED IF POINT NO 5 IN CBDT CICULAR 22O OF 1977 IS
MANDATERY TO THE ASSESSE IN CASE IF HE WANTS THE ALLOWANCE MADE BY THE A.O FOR THE EXPENTITURE HE HAS PAID IN CASH
VINAYAK MUNGI
meson_services@yahoo.com
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Forms
Dear sir tell me what is the adjustment TDS against VAT or what is the actual relation between vat and tds becuase when we see the VAT Return Form then TDS column are there, plz tell me details with example
waiting your reply
thnaks (Dhanyabad)