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Keshav Kumar Saxena   12 December 2008 at 18:45

Tax on interest

Please tell what liabilities a person has as per income tax If he has only income from his previous investment as interest upto Rs.100000/-

Dheeraj Aggarwal   11 December 2008 at 13:41

VAT on complimentary breakfast

There is a practice adopted by hotels to give complimentary breakfast to its guests. Sale of food falls under VAT. However, on hotel bill, no VAT is payable. Can VAT authorities levy VAT on notional value of breakfast included in room tariff?

V V SATYANARAYANA   06 December 2008 at 17:21

Service Tax - Invoice under Rule 4A(1)

Sirs,

We avail CENVAT credit re.the services tax paid on the services received againt our output service.

The Invoice has all the particulars of Rule 4A(1) i.e. name, address & registration number of Service provider;
(ii) name and address of the person receiving the taxable service;
(iii) description, classification and value of taxable service;
(iv) the service tax payable thereon.

But, the date of Invoice is 24th .

Since the bill is to be issued not later than 14 days from the date of completion of such taxable service or receipt of any payment towards the value of such taxable services whichever is earlier.

Since the date of the invoice is not within the stipulated period though other ingredients are fulfilled, can the department refuse giving me CENVAT Credit.

Kindly clarify and reference of supporting case laws if any.

Thanking you.

Keshav Kumar Saxena   06 December 2008 at 17:03

Interest on investment

Please tell the maximum exemption limit of income from interest under Income Tax Act ?

M Sandal   06 December 2008 at 11:23

Section 24-Deduction of intrest on borrowed capital

pl clarify
(i)As per Sec 24 of IT Act, intrest on borrowings for housing repairs are allowed to be deducted as loss from property and allowed to be taken into account by the DDO / employer for TDS .Ifeelintrest on personalloan - and not only int on housing loans - for repairs of self occupied house is allowed by the DDO/ employer. . Pl quote any clarifications given by CBDT/Courts.
(ii) Whether DDO/Employer can demand rent receipts for rents upto Rs 3000/- as allowed by the CBTD Circulars pl clarify. Pl quote any clarifications given by CBDT/Courts.

Dnyaneshwar   06 December 2008 at 11:07

TCS on Scrap Sales

If i goods sold to Germay.in this Case TCS is applicable or not.If applicable by what Percent.

Anil Goel   02 December 2008 at 11:14

Rate of Vat

hello, experts
plz tell me the rate of Vat charged on Electronic Weighing scale, Weigh bridge, & load Cell. under Punjab VAT Act, 2005

Thanx

Kanishk Saxena   28 November 2008 at 11:19

Sales Tax Registration

Hi ! Every one,
would U Plz. tell me that after Registration in sales Tax Department on a Shop address, can a person open an other branch on other place on basis of same Registration.

He will issued his Bills of Branch office on the name & address of Head Office (Regis. under Sales Tax), is it possible to open other or more branches of shop on single registr.


He also want to mention branch off.address on the bills being issue from
branch off., is this Possible ?

Accordiong Sales Tax in Faridabad(HARYANA)

RAHUL   24 November 2008 at 15:05

MBA or LLB

Dear sir,

I am a graduate person and I am working uder a Taxation advocate last one year . I want to do MBA or LLB. Plz guide me which is better then above two choices and why. Plz guide me.

jin   23 November 2008 at 10:25

capital gain on sale of ancestral property

hi my father has got a share in house property of my grandfathre.there are three shares.the property is old house bought in 1960.the will is of 1994. wht are the effects of sale considration to my father .and wht shall be the capital gains and tax thereof if the property is sold for 30 lakhs. how the capital gain tax be avoided.my father has a personal i t file and also huf i t file