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Anonymous   06 April 2011 at 16:05

TDS & INCOME TAX PROVISIONS ON USE OF TRADE MARK

WHAT WILL BE INCOME TAX & TDS TREATMENT ON AMOUNT PAID TO ANY ORGANISATION IN OTHER COUNTRY FOR SURRENDERING USE OF A TRADE MARK, SINCE WE WILL USE THAT TRADE MARK IN HIS COUNTRY?

Anonymous   06 April 2011 at 15:13

contempt of courts complaint


repected members,
i have filed a contempt petion agains two employees of forest deptt. haryana, and court summoned them, and they appear, but now divisional forest officer had filed the written statement of behalf of two employees, but d.f.o is not a party to our case, and the work was done by the employees in their private capacity, d.f.o is not a party to our complaint, and d.f.o has not filed application for impleading party. the presecution deppt. haryana directed the Public prosecuter to defend (specific words in letter) specially on behalf of " State of Harayna". but now d.f.o and P.P is defending them, however D.F.O and state of haryana is not a party to our Complaint, now plz give me authority/sitation that the act done by govt. employees in private capacity, the D.f.O cant fight on behalf of them, and the employees ar personally party to the contmpt complaint, so they will defend their case themself.

thanx i am waiting for sitation/authority

santosh kumar huded   06 April 2011 at 13:00

karnataka luxury tax act

whether conference hall whose daily rent is less than Rs 5000/- is exempted from karnataka luxury tax act

P.C. Joshi   05 April 2011 at 09:28

Service Tax

Dear Sir,

A foreign national NRI in India is providing consultancy to an Indian Company in setting up foreign universities in India. During the year 2010-11 he received Rs 30 lacs as cinsultancy charges from this company and the company deducted TDS on the said amount.

Queries:

1. Is there any liability of service tax on the amount earned by him. If yes under which head.

2. No service tax registration has been obtained by the said person and no service tax has been charged or collected. What are the legal imlication of the same.

3. What is the remedy with him to rectify the above defaults.

Thanks & Regards

P.C. Joshi

Anonymous   04 April 2011 at 09:02

Custom duty

As per custom duty ,Upto Rs. 10000/- (the value will be calculated by customs them self, not by the price written on the package) marked as Gift would be free

Is it true?so, if some of friend or uncle can abroad can gift the product to india upto 10 k limit give as a gift without paying custom duty?

Avishake Garg   31 March 2011 at 22:36

Excise on readymade garments

I am a manufacturer of readymade kidswear.
As per the exise duty imposed on garments exemption is given to the people have turnover below 1.5 crore. My turnover was around 60 lakhs in 2009-2010. In the current financial year 2010-2011 the turnover is around the same figure. As I fall under the exemption limit of excise duty, do I have to register with the excise department? Do I have to fulfil any of the excise formalities? What is the excemption limit to take excise registration?
Please Suggest...

Ramakrishnan V   30 March 2011 at 12:05

Andhra Pradesh Professional Tax

We have Industrial Trainees who are on Contract with the Organization for one year.

As per terms of the contract, only the best trainees will be confirmed as Employees.

As per APPT will the Trainees be termed as "Employees"? Will this contract be a employer-employee relationship of a "regular nature"?


2. We are paying a Stipend to them. Is the Stipend a "Salary or Wage" as per APPT?

Two different CTO's are of differing opinions.

Anonymous   24 March 2011 at 03:45

Change in PAN jurisdiction

I used to stay in Mumbai initially and my CA filed my returns from Mumbai Ward itself. I got my PAN also at the Mumbai's address. Now I wish to change my jurisdiction ward to Pune as I am residing in Pune. My queries are:
1)To change jurisdiction do I have to change my PAN address?What form is required?
2)Is there a different form for changing the jurisdiction or is it same as above(PAN address change)?
3)I don't wish to change my CA from Mumbai as we have v.good family relations. Is it alright or I have to compulsorily change my CA and find a new CA in Pune?
4)Does my PAN number also change if the address changes to Pune?
Plz advse
Thnx a lot.

Anonymous   22 March 2011 at 16:44

Excise duty on Ayurvedic Product


Dear Sir
As per below links appears that as per supreme court no Excise duty applicable on Ayurvedic Medicines
1) parliamentoindia.nic.in
2) timesofindia.indiatimes.com/articles/ msid-1447233
3)www.business-standard.com/india/news/no-dutyayurvedic-medicine

Please reply me so that we can follow as per rules.

thanking you

Harsh Vardhan Dawar   17 March 2011 at 12:59

Taxability on Redevelopment of Society

X was owner of a 795 sq feet flat, purchased in 1979.
The society entered into a redevelopment agreement with a builder in January, 2011.

Based on the FSI rules, X was entitled to a 970 sq feet house in the new building.
However, in the new building X has taken a new flat of 856 sq feet and he has been paid Rs. 10 lakhs for surrendering 114 sq feet to the builder.
This lump sum amount of Rs. 10 lakhs will be received by X in parts over a period of the next 2 years till January 2013 when he will get possession of the new flat.

Till the building is ready, X receives Rs. 30,000 per month while his monthly rent expense is Rs. 25,000 per month.

Questions:
(1) What is the taxability of the transfer of the old flat in exchange for the new flat? How to calculate the Capital gains, if any?
(2) What is the taxability of the lump sum received on surrender of 114 sq feet? How to calculate the Capital gains, if any?
(3) What is the taxability of the monthly rent received or the savings of Rs. 5,000 per month?