Ami Parekh
16 November 2009 at 09:54
Dear Expert,
For example ...
We purchased a good from Himachal pradesh brought it to baddi & from there a buyer who is in banglore directly took the delivery we did not take delivery of good we paid cst on our purchase but since it was directy delivered we didnot charge them any CST we showed it as a Goods in Transit sale but It was on a pre owned order we had the order from our buyer & he had also made us advance payment for the same. does it effect section 6(2) that the payment was in advance or the transaction was a per owned order.
Please guide.
Thanks & Regards
Ami
Anonymous
15 November 2009 at 19:52
Father is having a flat in CHS in Mumbai jointly with his son.The said flat is not registered though stamp duty is paid. Now father wants to relinquish his share in the flat and gift to his son.
Will this transaction attract any income tax?
Anonymous
15 November 2009 at 19:22
Sorry for asking the same but there is some other confusion.
sir, i am doing labour job , nothing is purcahsed by me , my cliennts supply me materail and i do the labour job ,
1. is it manadatory for me to apply vat no., if yes then what is the limit amount.
2. if no ,when i send the materail after processing to the client ,if the sales tax officail check and asking for invoice or challan what is the solution?
3. Can i send the materail on challan without the tin or vat no.
4. or i should issue the bill on the time of delivery of materail.
5. Sir how I can send the waste (Boora ) materail?
6. If i have vat no. while doing the labour job only no purchase or sale is there , then what i should mentioned in my slaes tax return .like vat-15 (18/19/23/24)
pls clear my points i will be thank full to you.
Thanks and Regard
Anonymous
15 November 2009 at 18:52
Sorry for asking the same but there is some other confusion.
sir, i am doing labour job , nothing is purcahsed by me , my cliennts supply me materail and i do the labour job , is it manadatory for me to apply vat no., if yes then what is the limit .
and is yes then how i will submit my sales tax return becoz there is no purchase and sale of materail , but a labour. but i apply for vat no now what shoul i fill in my sales tax returns.
pls clear my point i will be thank full to
Anonymous
15 November 2009 at 16:56
sir, i am doing labour job , nothing is purcahsed by me , my cliennts supply me materail and i do the labour job , is it manadatory for me to apply vat no., if yes then what is the limit .
and is yes then how i will submit my sales tax return becoz there is no purchase and sale of materail , but a labour. but i apply fr vat no now what shoul i fill in my sales tax returns.
pls clear my point i will be thank full to u.
Anonymous
15 November 2009 at 16:51
sir i am doing labour job(my cliets supply me iron rods and i produce nut and bolts ), is it mandatory for me to apply for vat no. if yes what is the limit amount.
vinay gangadhar hegde
14 November 2009 at 19:40
As per Karnataka Value Added Tax Act.2003 revised return shall be filled within six months. If a dealer files revised return after six months claiming more input than the original return, department reject the excess input tax in revised return. Can they reject the same ? Is there any legal remedy for the same. pl quote any case law for claiming input tax after six months
ABCDEFGHIJKLMN
14 November 2009 at 16:37
To the Expert panelists
Home> Experts > Taxation > valuation of jewellery under wealth tax
In one of the reply in above link, about valuation of Jewelry, Shri Pkpworld has indicated on date 13th Nov'09 that:
"Wealth tax will be charged @ 1% on the net wealth including jewelry in excess of Rs.15 lakhs on the valuation date (31st March of the Previous Year)."
Will any one please let me know about the wealth Tax? What all is considered for valuing wealth? Few like:
(1) Bank account balance.FD etc (2) Jewelry.(3) Stock and Share valuation.(4)Units of Mutual Fund-Valuation.(5) Residential property occupied by the self for living purpose.(6) Any commercial property.(7) Residential Plot.(8) Other residential accommodation –which is not Self occupied
and any thing more which is to be considered for wealth Tax. I do not know how to continue and take part in the old query, so I have asked a fresh query for a guidance.
Bhasker Parikh
Email Id:bhasker.parikh@gmail.com
P.C. Joshi
13 November 2009 at 18:14
Can anyone guide me how to make valuation of jewellary for filing wealth tax return and computation of tax liability.
Regards
P.c. Joshi
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regarding tax liable on transfer
Dear sir
my mother is about to acquire a property worth of 95lakh thru sucession which she intents to change in her name and later wants to distribute as a gift to their children .the query is that when she applies for the name transfer is it that she has have to pay certain amount like stamp duty or transfer fees or is it that she can transfer without any cost
pl suggest
regards
Prabhu