sneha
16 October 2012 at 22:00
If partnership firm is converted into company then what is capital gain tax on the sale of stock to company. what is the sale consideration for the firm and what would be the value of stock for the company ? please answer the question.
Sarabjeet Singh
12 October 2012 at 11:53
“A”
Salary Person working with King Fisher as Plot Inspite of number of Requests did not received form no. 16. But received the tax sheet where deduction allowed u/s 10 were made but the Assessing officer while framing assessment demanded form no. 16 which the King Fisher Company- did not provide to the assesses. The assessing officer made disallowed on this score. Please Suggest the remedy with support of Judgment Favoring the Judgment assesses pronounced by High Court and Supreme Court.
“B”
The Assessment during the Assessment Year in Question Received Loan of Rs. 260000/- through account payee cheques from existing Commission agent, Income tax assesses. During the course of assessment the assesses could not disclosed the name of person from whom that was received. The A.O added the same to the income of assesses. The Assesses went in appel with CIT (A). Who also up holded the addition with the peea that this Information was not given to A.O. Please Suggest the Remedy in Tribunal with court Authorities
Anoop K S
11 October 2012 at 13:15
New Service Tax related doubts
1 For input claim service tax, is there any ratio applicable based on sales and service
If there is any such rule of ratio,please give the details.
2 Is reverse charge payment is fully deductable in payment month
3 Is any sales service ratio applicable for reverse charge deduction
4 Applicability of Service tax(or Central Exise) if we built a tipper body and sell it as a single product with vat for the full amount
5 Is reverse charge applicable for remuneration to whole time directors as there is employer emplyee relation exist.
6 For input claim of service tax/reverse tax what are the supporting documents required
7 For the purpose of service tax exemtion limit, turnover of each unit/branch having number consider separately or the company as a whole
8 If the security provider pays 100% service tax, Is service receiver's reverse charge liabilty will avoid.
9 Is any reverse charge applicable on freight payment of companies
10 Is there any restriction on claiming input of service of land phone bills,mobile bills,professional charges etc.
P.Parthasarathi
07 October 2012 at 12:35
Sirs,
My client is a co-operative society registered under the societies registration Act, 1860 in 2005. It is a co-op society created on the specific direction of the provincial Government to function inside the campuses of all the three Govt. Medical Colleges of the State and its function is to maintain the hospital, collect nominal fee for conducting pathological and radiological tests etc. and to use the revenue so collected for the upkeep of the hospital and improve the infrastructure. In other words it s object is to provide " medical services" to some people with nominal charges and to the BPL holders free of charges. It has not so far applied for Registration u/s 12A and the jurisdictional Income-tax Authority has now issued a notice u/s 148 for bringing to tax its income over expenses for all the 4 past years. Now the question is :Can the society apply for REg. u/s 12A to the Commissioner of Income-tax seeking the same from retrospective effect? Since notices u/s 148 have already been received the society, whose status under the IT Act would be AOP ( Co-op society ) should it pay the tax u/s 140A and then file the return even though it immediately applies for registration u/s 12A? It surely comes under the category of Non-Profit making institution that serves the public by providing Medical Relief as enunciated in the case of CIT v. P.Kishna Warrier(1972) 84 ITR 119 (Ker) and also falls within the scope of sec. 2(15) as amended by the F.Act, 2008 w.e.f asst. year 2009-10. Kindly suggest the chronology of actions to be taken by the client society.
s k jha
06 October 2012 at 22:05
Sir,
I bought a tenament house at Vadodra, gujarat. House cost consists of Land cost 10 lacs and construction cost 15 lacs. What Will be the service ta?x
On 25% of total cost i.e. Rs 25 lacs or 33% of Construction cost i.e. Rs 15 Lacs.
Regards
S K Jha
pooja dedhia
22 September 2012 at 16:19
i have confusion about the allowability of exp?
follwing exp are made on provision basis on f.y.11-12.Bills are not issued by the professional . wheather this exp are deductiable in which years? 1.Audit fees. bill is raised on 23 june 2012 ,taking the detail of sservices are rendered for the period of F.Y.2011-12 2. title clearance by the lawyer BILL RECEIVED ON 29.09.2012 IN ABOVE CASES Provision entry is made in f.y.2011-12 & also tds is deducted as on 1.06.2012.. how this claim made ?
kaushik
22 September 2012 at 15:19
Dear Sir,
we have 2 unit and both are excise register. we want to get permeation of excise dept. for movement of goods without payment of duty for grinding/machining process. so which procedure is best for us ? at present unit-1 sending invoice to unit-2 after grinding process unit-2 will send the invoice unit-1 but its so difficult for us cause we are hold stock in unit-2 and that case there have stock excise duty unit-2. in that case what can we do ?? hows we use our excise duty ??
sir can we go u/r 4(5)(a) ?? so please tell me about this rule…
and sir if possible than give me link of u/r 4(5)(a)
thanks
regards
kaushik
visu
21 September 2012 at 20:25
Experts,
Pl. advise,
the service tax applicability on renting of residential property to a coaching/tution classes offering tutions to school children.
Can the assessee claim exemption under notification 33/2012.
What are the condition for the exemption.
Pl. advise and comment your opinion
Sukesh Gupta
20 September 2012 at 18:57
Dear All
Please suggest buy back of shares u/s 77a of Companies act is exempt from Dividend distribution tax or not.
Thanks
Sukesh Gupta
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Service tax- on canteen cont.
I am working in a Ltd. Co. process the canteen cont. bill please advice me in which amt of stax on canteen bill.
what % in service provider & Service recipation. all fooding material purchase
py Canteen Contactor.