Sir,
I have filed a retun of income tax for AY 2006-07 claiming a refund of excess tax deducted by my employer for FY 2005-06.Excess tax was deducted due to change in rule regarding valuation of rent free house from 15% to 7.5%. Employer has not shown the tax refundable in his quarterly returns or Form 16 for the year issued to employees as the change was with retrospective effect.
I want to know whether my claim of refund is correct or not and as I have not received the refund from department, what is the redressal forum where the complaint can be made as the AO says that TDs deducted or returned by my employer does not match with figures of my return
if a cottage industry is manufacturing in mahharashtra, a handicraft product out ot lac and selling it at goa. i it liable to pay vat tax or sales tax etc?
can i take credit of service tax paid by me on behalf of a foreign service provider not having office in india.are there any case laws on this issue?
DEAR SIR,
IS TDS APPLICABLE ON PROPRITORSHIP FIRM , IS THERE ANY LIMIT TO DEDUCT TDS LIKE SALE SHOULD CROSS 40 LACS ETC.
THAKNS/REGARDS
SUBHASH SHARMA
ADVOCATE
A private limited company who is making profits since incorporation, has not declared any dividend.
Now, the Company wants to issue bonus shares using credit balance lying in Profit & Loss Account.
Can the Company do so?
If Yes, please explain the tax implication also.
Thanks & Regards
supreme court judgements on recovery of sales tax dues from the directors of pvt ltd company
WE ARE A MANUFACTURE OF PLASTIC BOTELS AS PACKAING MATERIAL . WE PURCHASE RAW MATERIAL FROM A LIMITED IN MUMBAI & SEND FOR LABOUR JOB TO B LTD. IN MUMBAI WITH CENTRAL EXCISE ANEXURE 2 ISSUED BY US , WE ARE EXEMPT FROM EXCISE IN UTTRANCHAL BUT B LTD IS A EXCISABLE UNIT IN MUMBAI. B LTD. GIVE INTIMATION IN CENTRAL EXCISE DEPARTMENT AS A SALES OF PLASTIC PRODUCT NOT LABOUR JOB.
MY QUESTION IS :
1- IF B LIMITED DON’T INTIMATE FOR LABOUR JOB . CAN HE DO LABOUR JOB. IF YES WHAT HE CHARGED EXCISE DUTY OR SERVICE TAX ( HE DOES’T ADD ANY MATERIAL IN LABOUR JOB & CROSS EXCISE DUTY & SERVICE TAX EXEMPT LIMIT)
2- IF B LIMITED SEND MATERIAL AFTER LABOUR JOB,,CAN WE ISSUE F FORM AGST THIS TRANSACTION ALTHOUGH WE SEND ANEXURE 2
3-WHAT IS CONSIQUENCIES IF HE DONE LABOUR JOB WITHOUT ANY INTIMATION IN CENTRAL EXCISE DEPARTMENT FOR LABOUR JAB . PLEASE GIVE ANY NOTIFICATION NO.
wheather a cottage industry making handicraft by using lac is liable to pay sales tax or vat etc?
Hello Sir/Mam,
One of my cousin had around 10 Lacs invested in his savings bank account. Later this month he received a letter from IT department demanding the source of this 10 Lacs.
Issue: This money was a sort of gain from the sale of a real estate property, hence he did not want to disclose the sale details.
Question:
1. What are the extreme steps that IT department could take against my cousin?
2. How to overcome this deadlock.
Thanks in Advance.
regarding consultant charges
hello all learned experts
a client from the foreign country would like to come at india for the legal matter consultation i would like to advice him and would like to receive consultation charge also but i would like to take precaution that by knowing or unknowing is there not violence of the law like FERA pls suggest how can i take money from him although he will come in india for the consultation i dont want take cash may be he will give fake currency i also do not want my account number so pls inform how i have to provide sservice with him and how recover the consultation charge thanx in advance