YATIN
10 May 2013 at 18:42
Sir
My father by his WILL had formed a discretionary family trust. After his death the said trust was formed and its return are filled regularly showing its status as” Individual” which is possible as one discretionary trust created by WILL enjoys status of individual as per Income tax law.
This year its manual return was not accepted and were told to file e-return. After filling in all details we were not in a position to file Form 1. We were directed to go for Form 5 on site.
1) How do we file return of this trust as individual on I Tax website ?
The trust has only interest income and no business income.
venish ladva
09 May 2013 at 11:01
if payment(e.g. for logistics services
) made to agents of foreign shipping companies then tds would be applicable or not as per section 172??
Rajesh
01 May 2013 at 14:03
We are a pvt.ltd company and tax intelligence found that we have not registered as per K vat and they have asked us to pay Rs.6,20,000/- as compounding fee for 2010-11 & 2012-13 and the same we have paid ...and we have got registration also..
Now the sales tax people said that we need to pay the same amount again along with the balance tax whatever .........
We doubt that , whether we need to pay the double amount ------can you just clarify the doubt and help us at the earliest.
We are having receipts of the same ...we are a construction company and selling Villas -- work awarded to a contractor.
Rajesh
sud
26 April 2013 at 09:51
Is service tax applicable on school ERP solutions , wherein the software is installed and maintained for the benefit of students and parents to view and interact with the school on various activities of school, assignments, report cards, attendance etc.
Does it come under services provided to and by educational institutions?
Darshan
09 March 2013 at 16:52
we have maintained books of Sales and Purchase n every such entry as required, and my client have never escaped any sale nor Purchase,CTO visited and Inspected Stock and recorded the Physical stocks and asked us to file an Trading Account, the Closing stocks on the date of inspection arrived to Rs 3,25,000/- and whereas the Physical Stock arrived to Rs 4,75,000/-, Being My client registered U Sec 15 of KVAT Act As Composition dealer, the Inspecting officer insisted us to pay Rs2000/ Penalty and Rs.1500 at 1% for Stock found in Excess. Later my Client was issued notice from Juridical CTO for Verification of Accounts and other Records to his satisfactory weather they are maintained as per Sec 31 of the Act. after verification the CTO found the books accounts in order Made
Reassessment and stated the Inspecting officer has levied Tax deeming the Stock excess found as per Trading Account filed as on dt of inspection was a SALE, and by my clients payment of penalty and tax on the excess turnover, Officer insists the dealer have confirmed his guilt by paying penalty and tax of Rs 1500, whereas the dealer should be imposed tax on the excess stock found as An URD purchase and should levy tax At Rate of 14.50%. How to appeal ? what is the substantial Question of Law,
Vikas
21 February 2013 at 17:14
Dear Sir,
Can we appeal against penalty if we failed to give the prior intimation to Deputy Commissioner of Central Excise under notification No.15/2010 CE dated 27.02.2010 of Exempted Goods clearance.
Mukesh Khandelwal
01 February 2013 at 19:21
One of my clients submits an application under section 33 of Rajasthan Vat Act 2003 as on 28.11.2010 for rectification of mistake. Assessing officer issue a showcase notice that the penalty imposed under section 58 of. VAT. Cannot rectify under section 33, so why the application of rectification of mistake will be reject. Assessees submit his reply after 4 days from issuing the notice. After it there was not serve any notice/intimation/information of rejection/ reassessment order or any demand notice. After 2 year and 4 months department contact the assessee and ask for deposit the demand . I want to advise that as per the provision of section 33 an application for rectification of mistake shall be filed in Form VAT 57, affixed with stamp of Rs. 2.00. As per provisions of section 33(3) such application is required to be disposed of within a period of one year by assessing authority from the date of presentation, otherwise the same shall be deemed to have been accepted. It is notable that on office record the rejected assessment order was pass on 23.11.2011 but there is not any documentary evidence on record that AO post the rejected assessment order by registered post or service to assessee or authorized representative in any other manner. What is the provision in this matter? Please help me.
Regards
Mukesh Khandelwal
9828242065
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