yash doshi
05 August 2008 at 12:07
can anyone tell any case laws(preferrably supreme court) where it has been determined that if excise duty is paid on any product then the company is a manufacturing concern?
yash doshi
01 August 2008 at 13:39
we have been paying excise duty on the products we produce(through electrical stamping)
since we pay excise duty it is of common understanding that the process of electrical stamping is a manufacturing process because excise is only on manufacturing or production
now our ITO says that in income tax it will not be considered as manufacture and excise act has nothing to do with income tax act
Can such contradictory views be allowed?
in case of dispute should electrical stamping be considered as manufacture?
in case of such contradiction which law should be upheld?
if any of you have any case laws(preferrably of supreme court) relating to such contradictory views of income tax and excise please forward it to me on my e mail id at yash_2687@yahoo.co.in.
thank you
regards
yash doshi
ashish
30 July 2008 at 21:07
R/SIR
MY CLIENT IS DEALING IN SNACKS,WHOSE BUSINESS IS A WHOLESALE BUSINESS,PURCHASING GOODS INTRA-STATE AND SELLING IN THE STATE ONLY.
THE FIRM 4M WHOM MY CLIENT PURCHASE INPUTS IS IN RANCHI,JHARKHAND.IT USED TO PROVIDE FOR CREDIT NOTES FOR ALMOST EVERY MONTHS.
CREDIT NOTES R PROVIDED 4 DAMAGES AND DISCOUNTS(AS PROVIDED 4 REGULAR SCHEMES ALLOWED),BUT NO INPUT WERE NOT ADJUSTED IN CREDIT NOTE,TILL MY CLIENT ASKED 4 JVAT404.
WHEN MY CLINT ASKED 4 JVAT404(9C EARLIER SAID SO),THEY R PROVIDING CREDIT NOTES
WITH DAMAGES AND DISCOUNT WITH ADJUSTMENT IN INPUT RESPECTIVELY.
MY QUESTION IS HOW CAN MY CLIENT CHANGE THE RETURNS?
IS ADJUSTING INPUTS 4M DISCOUNT(ITEM OF P/L)IS ALLOWABLE?
I ALSO WANT TO UNDERSTAND RULE 35 OF JHARKHAND VAT RULES,2005.
MY CLIENT HAS FILED THE RETURNS TILL MARCH2007,AND ONLY ANNUAL RATURN IS PENDING.
USUAL PRACTISE FOLLOWED MY CLIENT IS TO ALLOW DISCOUNT TO HIS CUSTOMERS ALSO.
SIR,PLZ HELP.
REPLY SOON PLZ.
WITH WARM REGARDS 2 ALL
ASHISH
R.Rajendran
30 July 2008 at 10:18
We,4 brothers, are going to sell a house
property for Rs.15.16 lakhs and my share of this gain will be Rs.3.79 lakhs.
Please clarify the following queries:
1)I am a salaried employee and I have PAN.
Any tax is applicable to me or not?
2)If any tax is applicable, what is the rate of tax?
3)How to avoid payment of tax if it is applicable?
R.Rajendran
R.Rajendran
30 July 2008 at 09:44
I am a salaried employee and I pay tax every year after availing all the tax benefits. I want to invest in my wife's name Rs.One lakh in FD Scheme of a private Bank for 1 year.If the interest at the time of maturity is Rs 10500, will any tax be applicable as per Income Tax laws?. I feel that tax should not be applicabe since my wife is not working(She is house-wife).
Request for reply from Tax experts.
R.Rajendran
kruthika
28 July 2008 at 22:44
dear sir,
i would like to know, if it is true that a pensioner can file his returns anytime of the year....
K.Ravichandren
26 July 2008 at 00:14
Is there is Central Excise Tribunal in Chennai? where is it? How to file an appeal with them against the order by Salem Office which assessed wrongly.
SATYA
22 July 2008 at 12:31
My client received sum after surrendering policy of future plus of lic of india. The sum was received after 2 years. What I want to know is whether ths same is taxable or exempted u/s 10(10D. Advice me urgent
SANJAY DIXIT
20 July 2008 at 22:48
Dear Experts,
Please let me know the due date of depositing Profession Tax.
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