Epari Sameer Kumar
09 February 2011 at 12:43
I AM FROM CHENNAI (TAMIL NADU)
OUR ASSESSING OFFICER IS DISALLOWING THE INPUT TAX CREDIT BECAUSE OUR TURNOVER IS LESS THAN TAXABLE LIMIT,(TEN LAKS)
IS THERE ANY CASE LAW FOR THIS..PLEASE HELP ME ON THI
dharmendra
04 February 2011 at 10:41
respected sir
with regards
i am working in society and i want asuggetion about cst
i have taken shuttring (which is used in lanter for construction of building) on rent from other states for long period,they given bill including cst 4% for the period of 1/12/10 to 31/12/10,now once again billing me including cst,
now my question is
shuttring material is crossing the border in starting time(with first bill),now on the time of second bill shuttring is available here,so can i give cst?
thanks & regards
dharmendra
alka bhardwaj
03 February 2011 at 17:45
I HAVE BUY HOUSE PROPERTY BY TAKING LOAN AND PAYING INTREST ON IT. I HAVE GIVEN IT TO MY PERENTS AND DUE TO SOME REASON I RESIDES ON RENTED PROPERTY IN SAME CITY.MY OFFICE IS IN ANOTHER CITY AND I M CLAMIMNG HRA FOR THIS.
NOW MY QUESTION IS WHETHER CAN I HAVE DEDUCTION OF INTREST OF LOAN OF RS 150000 AS WELL AS HRA.
Anonymous
02 February 2011 at 15:01
I AM HAVING COLLECTORS LAND IN MUMBAI UNDER THE LAESE DEED FOR 99 YERAS. MORE THAN 90% OF LAND IS SUBLEASED OR GIVEN TO TENANT THE SAID SUBLEASED AND TENANTS ARE HOLDING THEM FOR MORE THAN 20 YEARS SINCE ALL THE OCCUPANTS ARE DESIROUS TO GET THIS PROPERTY REDEVELOP, THE BUILDER HAS AGREED TO GIVE SPACE IN THE NEWLY CONSTRUCTED PREMISES AND TO LESSEE A LUMPSUM AMOUNT FOR ASSIGNING THE RIGHTS TO GET THE PROPERTY REDEVELOP + THE SPACE HOLD BY LESSEE HIMSELF.
MY QUESTION.
1.HOW THE VALUATION WILL BE DONE FOR CAPITAL GAIN TAX PURPOSE ?
2.ON WHAT AMOUNT THE CAPITAL GAIN TAX WILL BE APPLICABLE TO LESSEE WHO IS ASSIGNING THE RIGHTS.
3. THE AMOUNT RECEIVED IN LUMPSUM WILL BE TREATED AS LONG TERM CAPITAL OR OTHER INCOME?
4. SCOPE AVAILABLE FOR TAX PLANNING.
Anonymous
02 February 2011 at 10:49
In E1 Sales
1. Should the first invoice (i.e)invoice of the original seller must contain a word as E1 Sale anywhere?
Whether the delivery address in this invoice must be first buyers address or the subsequent buyer address?
2. When B purchase from A for rate of Rs. 100/- Can B raise invoice to C for Rs. 105/- including his profit or the rate should be the same as A?
If B can, should he have to pay tax for the difference amount- On what basis CST or Local Vat rates?
If B doesn't have to pay tax wont there be any question raised by the Govt. regarding revenue loss to Govt.
3. From this site I understand that the delivery address in the GR/LR copy should be the original buyer and it should be duly
endoresed in favor of the subsequent buyer by the original buyer. But my doubt is that finaly the freight will be paid by the subsequent buyer. So in the carriers receipt or the carriers freight invoice whose address should be mentioned- the first buyer or the subsequent buyer?
Anonymous
01 February 2011 at 17:08
Sir,
A aided managment school in tamil nadu having eight management members sold for Rs.2 crores documented.
For 8 members it is divided.
School built up by their father in the year 1935 with periodic renovations etc.
The cost of property is not at all available in the wills etc.
What is the tax consequences and arrive at the tax liability of each party.
If anyother thing to be noted specially please inform.
ajithkumar.t
31 January 2011 at 12:37
Sir,
A aided managment school in tamil nadu having eight management members sold for Rs.2 crores documented.
For 8 members it is divided.
School built up by their father in the year 1935 with periodic renovations etc.
The cost of property is not at all available in the wills etc.
What is the tax consequences and arrive at the tax liability of each party.
If anyother thing to be noted specially please inform.
hussain
31 January 2011 at 12:33
Sir,
as per above Finacial year 2004-05 case was reopend U/S 143 (3)at the time of Securtiny assesing officer asked for T.D.S Dedcuted on expenses of Advertisment but for the following year company has not deducted any TDS so the officer as added hole advertisment expenses for that huge amount of tax plus interset as charged so iwant some tip to file a case in C.I.T.appeal so that company get relif from huge amount of tax and interset.please sugges me.
Thanking You
Hussain
Anonymous
30 January 2011 at 17:04
oil companies are charged cess on per liter basis of petrol or diesel. Moreover cess is charged after vat is charged. So at the time of selling by the petrol pump dealer it is required to pay vat on cess
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VAT- INPUT TAX CREDIT URGENT
I AM FROM CHENNAI (TAMIL NADU)
OUR ASSESSING OFFICER IS DISALLOWING THE INPUT TAX CREDIT BECAUSE OUR TURNOVER IS LESS THAN TAXABLE LIMIT,(TEN LAKS)
IS THERE ANY CASE LAW FOR THIS..PLEASE HELP ME ON THI