Ours is partnership firm. We transport goods by vehicles to other cities within state. They do not give any consignment note and we pay the freight charges through our vouchers.Charges vary from Rs2000 to 4000. Do we have to pay service tax and how much? Please clarify.
Sathish
09 September 2012 at 20:12
Hi,
What is the VAT % (Tamil nadu) for BLOWER ASSY - AIR COND,FR suppling to car manufacturer (used in car)
kindly specify with commodity code
Regards
Sathish
Waquar
09 September 2012 at 15:21
Dear Sir/Madam,
We are 10 partners & leased a land of 110 acre in village planted "POPULAR TREE" & vegetables in that farm house & selling these vegetable in local market.The "POPULAR TREE" will be of 100 lacs afters five years that would be sold to the market. Is profit will be taxable in nature or exempt.
Please clarify how is it taxable or exempt with example.
Will be thankful.
Will be waiting for the prompt response.
Thanks & Regards in advance.
how to do the accounting in the following case?
ABC has taken a flat for L & L for the 3 years . He has made the THE Furniture & fixture of Rs.15 lacs in the rented premises.
in such case , when L & L is expired some of the fixed assets are useful which can be move to other place & used,but some are not useful as it is fixed to the floor.
how to show in the book of accounts?
Dayal R Kundani
07 September 2012 at 13:20
Agricultural implement is exempted from Entry Tax.
Wish to seek clarification on the "Agricultural Pump Sets" which are falling under the head of Agricultural implement.
The pumps are sold through distributors and dealers and are not directly sold to the end customer
Under such circumstances whether the exemption is not available to the Dealer who brings in such pumps for further sale in the state.
Objections are being raised that exemption is available only when they are sold to farmers directly, which in a normal trade scenario is difficult to have sales depots to cater to such individual farmers.
Request clarification to address the matter.
Ali Hassan Mirza
06 September 2012 at 10:52
We are the plaintiffs in eviction suit and the tenants had filed a suit of injunction earlier to the suit of eviction and obtained temporary injunction but the main suit is still on trial in the junior court.
Now the Said Eviction suit has been Filed in Senior Court and orders to remit / deposit rent has been obtained in an IA and the main suit is on trail stage.
We want to close this case of injunction being the landlord (flat owner) has already taken due process of law and instituted a suit of eviction against the tenant and and the suit of eviction is filed so as to not to evict the tenants forcefully.
I got to know through some friend that there is SCC ruling stating that is landlord has instituted an eviction suit, it itself shows that he will not evict the tenants forcefully and in such case suit of injunction is meant to be closed.
Or as such if there is any ruling in regard to if a case of same cause of action is running in Senior Court then Junior court should not continue the case or should close the same
If any of you can guide me with help of pre-decided cases / ruling, it would be of great help.
Thank You.
P.Parthasarathi
05 September 2012 at 20:58
My client is a contractor having maintained books of accounts which were audited but by the time the assessment came up for scrutiny the books of accounts were lost in a theft and so he could not produce them before the Assessing Officer. Basing upon the figures in the P & L account and Balance sheet the AO made various additions disbelieving their genuineness resulting in a high pitched assessment. The tribunal of Cuttack Bench fixed the profit rate to be taken at 9% of the gross receipts from contract business whereas, the income assessed in this case, if calculated on percentage basis is more than 35% of the contract receipts. Is there any case law in which the Hon courts have held that profits from this business or for that matter, any other business, cannot be assessed at an unreasonable high rate where books of accounts were not produced or produced but rejected u/s 145 of the I.T.Act. Also that without bringing any other material to record to prove that the figures in the balance sheet and P and L account were not reliable, except that the books of accounts were not produced, can the AO make such additions? Any case law in this regard also may kindly be mentioned. The matter is now in appeal and I shall be grateful for an advise with case law in this regard as the appeal came up for hearing and an adjournment has been sought in order to find the suitable case law to be placed before the appellate authority.
Grant land and municipal limits
Hello Sir,
Is 'DC' or 'Govt permission' enough to purchase SC/ST grant agri land? what are the other issues associated to purchase of sc/st grant land?
My wife has the agri family background and has the 'agriculturist family member certificate, and permission' (as per inheritance rights) from the Tahsildar, is that sufficient to purchase agri land?
Thanks