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NItesh   10 December 2015 at 12:11

Upvat

payment of UPVAT challan through cheque in whose favour this cheque should be drawn

Sabyasachi Acharjya   10 December 2015 at 09:15

Service tax

Whether Swachha Bharat Cess is allowable input credit ???????

mandalia   09 December 2015 at 23:12

Capital gains on sale of commercial property

Respected sir,

Ours is a partnership firm, having commercial office, which was purchased on 1983 for value 1.5lac and later on in 2015 was sold at 29.5 lac.
Can you advice me, what will be the net tax calculations on such sale. Can we claim indexation or not?
If, It's short term capital gains, can the gains can be taken as a business income?

please advice, thanks.

m suresh   09 December 2015 at 15:21

Regarding sec. 234b int when mat was applied in re-assessment

sir/madam, one of my clients for A.Y 2008-09 assessment u/s. 143(3) completed on 07/12/2011 and re assessment u/s. 148 was made on 24/12/2012 and it was completed on 26/03/2014. at last in re assessment MAT u/s. 115jb was applied and int. u/s. 234B was applied from 01/04/2009 to 26/03/2014 (60 months). but my doubt is in act reg. 234b (3), when re assessment was completed then int calculation under this section is from date where (normal assessment completed) to (date of re assessment completed) i.e., in this case from 07/12/2011 to 26/03/2014 (28 months). according to act it is 28 months and A.O calculated at 60 months stating that it is sec. 115jb mat . please guide me in this situtation which is correct.

Atish   09 December 2015 at 12:02

No stamp duty required for transfer of property to relatives

Dear All,

A new ruling has been given by the government on gift or transfer of property to a relative/kin which shall bear no stamp duty.

I request to know that if after the transfer to the relative/kin, if they sell the property with immediate effect before 3 years then will there be short term capital gains or long term capital gains.
Regards
Atish

yagnesh dave   04 December 2015 at 20:49

Taxation

I AM SELLING MY IMMOVABLE PROPERTY AT MARKET PRICE & ACCORDINGLY THE AGREEMENT IS MADE HOWEVER THE PURCHASE IS MAKING THE PAYMENT CONSIDERATION AS PER AGREEMENT IN CASH AND CHEQUE BOTH.

WHETHER THE SELLER CAN ACCEPT THE CASH FROM PURCHASER AS PER AGREEMENT WHETHER I.TAX LAWS PERMIT TO ACCEPT CASH FOR SELLER PL EXPLAIN

sharad   03 December 2015 at 20:19

Against form h

we have purchase of material against form h on gujarat state same material sales against form h on gujarat state possible of transaction in against form H

KIRAN   03 December 2015 at 11:34

Excise returns

Dear Sir,

We are manufacturing of Excise duty exempted product and also trading the same product.
Whether we have to file excise returns if file how to show the trading activity of the same product and we have the tariff code for that how to get the notification numbers.

Thanks in advance

Ajay Agarwal   02 December 2015 at 12:12

Haryana Vat

Dear Experts

Please suggests me EAC (economic activity code) for registration in Haryana vat.

Business- applying TIN number for plywood and hardware store as a retailer and wholesaler both type activities.

Thanks
Ajay Garg

Jay   02 December 2015 at 10:07

Service tax on new furniture contract

I have entered in to new furniture works contract(including material and labour) of
new constructed building.
I have registered under works contract service.
So what is the rate of tax applicable to
me ?