kaialsh
09 October 2015 at 13:27
Company ‘A’ is located at Silvassa, D.& N.H.(Purchaser)
Company ‘B’ is located at Vapi, Gujarat. (Job Worker)
Company ‘C’ is located at Mumbai, Maharashtra. (Seller of Raw Materials)
Company ‘A’ has appointed Company ‘B’, located at Vapi, Gujarat as a job worker. Company ‘C’ is the raw materials supplier. The moment of goods are as under:-
1. Company ‘B’ does job work for Company ‘A’.
2. Company ‘A’ order for the purchase of raw materials from the Company ‘C’ located at Mumbai.
3. Company ‘A’ instructed Company ‘C’ to directly deliver raw materials at the location of Company ‘B’
4. Company ‘B’ received raw materials from Company ‘C’.
5. Company ‘B’, process the raw materials so received and dispatch the semi finished goods to the Company ‘A’ along with jobwork bill and Form 402.
The query is:-
1. Whether Company ‘B’ is liable to issue Form F for the materials received for job work & which value show on form?
2. Whether Company ‘A’ is liable to issue Form F for the processed materials received from Company ‘B’? What should be the amount of Form ‘F’? (Whether cost of total materials only or cost of total materials + job work charges or just the amount of job work charges)
I shall be grateful for the reply.
sandeep kumar
07 October 2015 at 18:40
Hi,
i have a confusion on sectio 194IA of Income Tax Act. whether TDS shall be deducted by auction purchaser on purchase of property worth 1 crore auctioned under SARFAESI ACT by Bank.If it is deducted then in whose PAN it would be shown- in Bank or auction purchaser.
Please suggest
thank in advance
Puneet
06 October 2015 at 19:26
Dear Sir,
I have completed my LL.B. in last Month,and i have already apply for enroll in bar council of UP.
Sir, I am so confused because , my family financial background is not so good, and i also not to go out site for job .I am already in Job in CA. Firm.I want to Practice in Taxation but because profession is not too easy .and minimum 10000/- rs. expenses in house normally.
so please tell me what i do.
Pls help me sir.
SUDHIR GUPTA
06 October 2015 at 10:30
CAN GOODS IN UTTAR PARDESH BE IMPORTED WITHOUT FORM 38 BELOW A SPECIFED AMOUNT SAY 5000.00 BY A REGD DEALER. IF YES KINDLY PROVIDE RULES
yagnesh dave
03 October 2015 at 12:36
WE TWO PARTNERSHIP FIRM & PVT LTD CO THREE ENTITY JOINT TOGETHER UNDER JOINT VENTURE AGREEMENT OF CONSTRUCTION ACTIVITY AND AS PER JOINT VENTURE AGREEMENT INT ON CAPITAL INVESTMENT BY THE PARTNERS INT @ 12% AS PRESICRIBED U/S 40 (B) OF THE I TAX ACT THE INT PAID TO AOP THREE MEMEBERS ON THIER CAPITAL AS PER JOINT VENTURE AGRREMENT ARE ALLOWABLE AS EXPNESES OF THE FIRM U/S 40 (BA) OR UNDER ANY OTHER SECTION 30 TO 38 OF THE I TAX ACT THE TDS IS DEDUCTED ON INT PAID AND PAID TO THE GOVT KINDLY EXPLAIN FULLY
dharmendrajoshi
02 October 2015 at 22:29
A CONTRACTOR PURCHASE SAND &CHIP BROUGHT IN TO LOCAL AREA MEANS HE DO HIS WORK CONTRACT IN THE SAME AREA WHETHER ENTRY TAX LIABLE UNDER ODISHA ENTRY TAX ACT 1999
Sanjay kabra
02 October 2015 at 07:20
Pl tell me ac restaurant sc & vat rate
pundalika achyuta bhat
30 September 2015 at 13:51
Sir, Mr. XYZ is having a Fixed Deposit of Rs.1, 06,404 = 00 with a Bank. Period of Deposit is 15 months starting from November 2014 up to mid February 2016. Rate of Interest is 9.50 % p.a.
Details of interest earned on the above Fixed Deposit:
Interest between Nov. 2014 and end of March 2015: Rs. 5,054 = 00 (F.Y. 2014-15)
Interest between Apr. 2015 and end of Feb. 2016: Rs. 8,193 = 00 (F.Y. 2015-16)
Total amount of interest payable on maturity: Rs. 13,247 = 00 (F.Y. 2015-16)
My question is:
(1) Whether above Bank Deposit attracts TDS provisions for the F.Y. 2014-15 and F.Y. 2015-16 or not ?.
(2) Whether Bank can deduct TDS on the interest amount payable on maturity, saying, income by way of interest is more than Rs. 10,000 = 00 for the F.Y. 2015-16 ?.
Pundalika A. Bhat.
Rupendra Porwal
29 September 2015 at 15:21
Dear fellow Friends,
By RBI circular dated 3.5.2000, the third party payment for export was not allowed. Thereafter RBI by Circular No. 70 dated 8.11.2013 allowed payment from/to third party importer/exporter.
Export made in F.Y.2012-2013 and payment received from third party. Now queries are as:
Whether an exporter be eligible for export benefits for the exports made during the F.Y. 2012-2013 and part of export proceeds received from the Third party?
Do approval vide RBI Circular No.70 dated 8.11.2013 allowing receipt of part/full payment from third Party enable the exporter to retain the previously availed export benefits?
Seek your valuable advice.
Regards,
Rupendra
Advocate, Lucknow.
9838597775
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Regarding writ petition judgements of commercial tax laws of various h.c & s.c
hello sir i am advocate and tax consultant at rajasthan high court.
i want to learn how to file an writ,what are the grounds, and rulings and citations.
please guide me