rishi kumar garg
05 August 2009 at 11:19
Any Vehicle received from acompany as a part of sales incentive and shown the same as income by crediting it to P & L A/c. Whether depreciation is allowable as per the decision of Webb's Agricultural Automobile Inds vs ITO reported in 47 CTR(Trib) Bang/839 . please update me on any other recent judgement in this regard.
BH. SREENIVAS
04 August 2009 at 23:24
An Individual carrying on proprietory concern received money through proper channel,from son who works in foreign,and credited the same to firm's current account. Whether this amount is exempt? If not, what will be the consequences? Pls clarify as early as possible.
srikanth
04 August 2009 at 14:07
Hi all..
In hyderabad many resturants are collecting VAT illegally.. Eventhough they are not VAT delears they are collecting VAT..and some resturants collecting high rate of VAT..I want to lodge a complaint on them.. Kindly tell me what is procedure for this and to whom i have to approach...Pls reply as early asd possible..Thanks in advance
Vishal jain
01 August 2009 at 10:27
Hi all
I am having a matrimonial dispute with my wife. She has filed a false 498a/406 against me in which she has clamied that she and her parents have spend more than 16 lakhs. Out of which she has clamied that her parents has given gold ornaments worth Rs.5,00,000 /-...
For this, she only produces a false & fabricated chits of ROUGH ESTIMATE (not the bills, without adding VAT / SALES TAX) for Rs.80,000 /- of one of jeweller.
The jeweller has make statement infront of police officals also that " I HAS SOLD THE JEWELLRY TO HER BUT BY THAT TIME i DON'T HAVE ANY BILL BOOK. I HAVE SOLD GOLD ORNAMENTS BY SMALL ROUGH CHITS"
I have read sometime in this form that to know the details of some private entity we should consult the concerned govt. department under which that entity have to report.
For this I filed one RTI application to the SALES TAX Department (Vayapaar Bhawan) and the reply they has given me is :-
“ The jeweler named “ ********* **** *** ” is not a registered dealer with the Department.”
From reliable sources also I came to know that one of lthe official have gone to that shop owner and taken his statement also with the jeweller's bank's statement.
Now my questions are"-
1. What kind of extra information shuld I ask the sales tax department, so that it can be proved that the jeweller has not concealed the sales for Rs. 80,000/- by Feb,2007.
2. What kind of information should I ask from the sales tax department that how can a sales be made of Rs.80,000/- ,if there is no purchase.
3. How can I get the copy of the statement of that jeweler, which is given by the jeweler to the sales tax department
4. How can I be permitted to inspect the file.
Plz. Help me urgent
V.Satya venkatarao
30 July 2009 at 14:13
Is the Govt of india liable to pay any service tax in respect of services availe by it or is there any exemption for the govt in this regard
vsv.rao
chirag
29 July 2009 at 20:33
Sir,
I am engaged in mfg.company & my quition is if we paid service tax on freight inward with abatement of 75% & also take credit for the same?
Pls. guidance about how we taken credit & under which notification?
Regards,
Chirag
Arul Kumar
29 July 2009 at 17:56
Sir,
Para 83.3-5 of Service Tax provides that Sale of space in print media is excluded from payment service Tax. The subject matter under consideration is, whether a periodical magazine of Metals and Mineral subject to payment of Service Tax for carrying advertisement on the periodicals? The periodical is registered as news paper with Registrar of News Paper in India (RNI) as per the Press and Registration of Books Act, 1867. The periodical also enjoy concessional posting rate from Postal Department. Pelase provide me with some insight.
Thanking you,
Regards,
Arul Kumar
Diana
28 July 2009 at 13:35
A private ltd company wants to take over a partnership firm under section 47(xiii) of income tax act. The private company is also the partner of the partnership firm. What is the procedure please recommend and also state whether for such transfer does the company have to change any provision in the memorandum of association and articles of association.
Diana
27 July 2009 at 15:01
I want to change a partnership firm into a private company. I want to know that is there any provision under the Income Tax act or any procedure in the said act for such transfer which is tax beneficial?
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