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Taxation Articles


VAT Judgments

  Raj Kumar Makkad   22 December 2009 at 17:04

State of Punjab and Another vs Kalsi Pipes Private Limited [PUNJAB AND HARYANA HIGH COURT, 23 Nov 2009]New Model Industries Private Limited vs State of Punjab and Another [PUNJAB AND HARYANA HIGH COURT, 11 Nov 2009]Sales Tax - VAT - Punjab General Sa ..


Posted in Taxation  1 comments |   8910 Views


Direct Taxes ‘Manufacture’ – Reassessment – Stamp Valuation

  Raj Kumar Makkad   14 December 2009 at 22:55

1. Definitions – Manufacture – Clause 3 – S 2 (29BA):- Clause 3 of the Finance Bill 2009 has sought to introduce sub section 29BA in section 2 of the Income Tax Act wherein the manufacture is defined for the first time The amendment ..


Posted in Taxation |   2371 Views


Few tips to Prevent Income Tax Raids

  Raj Kumar Makkad   03 December 2009 at 21:30

One should not keep any unaccounted or undisclosed money, property or income popularly known as black money. If such a disclosure is made before its detection by the Income Tax Department, the chances of being trapped in a tax raid are minimized. A t ..


Posted in Taxation  2 comments |   4119 Views


Important Aspects of New VAT Audit Form -704

  Raj Kumar Makkad   25 November 2009 at 21:32

The Maharashtra Value Added Tax Act, 2002 (MVAT Act, 2002) is in force from 01.04.2005. One of the features of this Act is that specified dealers are required to submit Audit Report as obtained from Auditor i.e. either Chartered Accountant ..


Posted in Taxation |   7278 Views


Frequently Asked Questions and Answers on GST

  jyoti    15 November 2009 at 10:31

Frequently Asked Questions and Answers on GSTQuestion 1 : What is the justification of GST ? Answer : There was a burden of "tax on tax" in the pre-existing Central excise duty of the Government of India and sales tax system of the State Go ..


Posted in Taxation |   2174 Views


Service Tax Input Service

  Chirayu Kothi   03 November 2009 at 19:06

INPUT SERVICE Rule 2 (1) “Input Service” Input Service means any service(i) used by a provider of taxable service for providing an output service(ii) used by manufacturer, whether directly or indirectly, in ..


Posted in Taxation |   2473 Views


Can Assessed Income be Less than Returned Income?

  Vineet   03 November 2009 at 19:05

Section 143 of the Income Tax Act, 1961 (the Act) was substituted by the Direct Tax Laws (Amendment) Act, 1987 w.e.f 1/4/1989. Prior to 1/4/1989, as per the provisions of sub-section (3) of section 143 of the Act the Assessing Officer after examinati ..


Posted in Taxation  2 comments |   9713 Views


S.66A - Liability - Cenvat Credit setoff

  Anirudha R J Nayak   29 October 2009 at 19:35

Section 66A – Setoff Issue The subject matter of this paper is – Whether Cenvat credit can be setoff against liability on import of services? Argument of the Department against set-off is - Provision of Rule 5 of the Taxation of Service ..


Posted in Taxation |   3597 Views


Online TAN Registration

  jyoti    29 October 2009 at 16:23

Online TAN Registration The Income Tax Department requires all deductors to register their TANs online. Authenticated access (through user ID and password) will be provided to registered deductors. On login, the following will be available to the ded ..


Posted in Taxation |   2672 Views


Income Tax- Tax Deduction at Source (TDS) -Not assesses’ fau

  Mahesh Kapasi   30 September 2009 at 19:41

MAHESH KAPASI & CO E-Mail: maheshkapasi49@gmail.comChartered Accountants Phone: 2686 8147B-49, Gulmohar Park, ..


Posted in Taxation  1 comments |   4620 Views