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sobhit   15 May 2016 at 13:21

gift from sister in us to brother father

Sir
My sister is married and she is nri lives in usa. Is she can give gift of amount more than 5lacs to her bother mother or father. Is that amount taxable.money is for business purpose . If taxable we can take as a loan in our books.then can we get rid of tax.

adv.bharat @ PUNE   14 May 2016 at 20:55

How advocate can plan for his tax liability?

sir Please guide how an experinced lawyer can plan for his tax liability?
Thanks

AJAY KUMAR   14 May 2016 at 10:28

Input tax rebate

Sir,

We are going to purchase Incentive license (Goods intered in part II of Schedule II) from registered dealer in with in state. than my question is VAT amount claimed or not under sec:13(Rebate of Input Tax)

Satinath Bhattacharya   13 May 2016 at 16:03

Wb vat act

We are a manufacturer based in Kolkata. Pl let me know whether we have to pay purchase tax on purchases of raw materials, made from unregistered dealers, used in manufacture of goods on sales of which we have paid VAT.

Ashish   10 May 2016 at 23:12

Pg bills category

Hello people .
I am letting out my flat to a person who want to run a Pg.
He will be keeping
Total no of students 10.
Floor is: residential
Area 1440sq f
Now I am keenly interested to know is this a commercial activity ?
Reason being if it is then I think electricity and other meters should be converted into commercial from residential.
Tenant does not agree to do this reason he gives is high bill which will break his clients
Now he also denies to pay any penalty if applied in future for misuse of govt sources..water electricity.
Is running a Pg a. Commercial activity.. ?What should I do in this case? I don't want to be penalised.. Please guide..I dont have this knowledge. Kindly help

CA Anurag Vishwakarma   10 May 2016 at 10:55

Excise returns er4, er5, er6 and er7 are not required to be filed

The Central Excise Returns ER4, ER5, ER6 and ER7 are not required to be filed w.e.f 1st April 2016 (refer notification No.8/2016 CE(NT) dtd 1.3.2016 & 13/2016-CE(NT) dtd 1.3.2016 ). Assessees can continue to file these returns in ACES for the past period.

A new Annual Return, is prescribed under Rule 12 (2) (a) of Central Excise Rules, 2002 read with Rule 9A of Cenvat Credit Rules, 2004. The new format will be notified by the Board. The same has to be filed by 30th November 2016.

Whats the meaning of this line - Assessees can continue to file these returns in ACES for the past period.

CA Anurag Vishwakarma   05 May 2016 at 18:17

Central excise

Excise Duty Paid on input goods at the @ of 12.5% and duty payable on manufactured output goods @ of 6 % in this case how much CENVAT can be utilised on output goods please help.

vinodkumarpal   04 May 2016 at 11:43

Vakalatnama

Dear experts please tell me in vakalatnama any ticket paste on vakalatnama for tax advocate if paste then how much

srinivas   04 May 2016 at 10:01

Tax due date is public holiday

Under Karnataka value added tax , taxs last due date is Sunday. so he paid on Monday. ant penalty attractable?

diamond   01 May 2016 at 10:12

Tax on property in price .

I have purchased a resedential flat @ 1cr. And I have paid by draft to seller Rs. 1 cr. But govt registrar had put the value of Rs. 1.25 cr. Now all my CA & legal adviser telling me that soon I will get notice from IT department. Need your advice.