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Vivek Handa   11 June 2009 at 16:03

justifying opening balance of capital

dear all
assessee filed allhis returns u/s 44ad prior to audit u/s 44ab for the year 2006-07.
opening capital and WIP shown at 12.5 and 8.5 lacs respecitavly
working since 1991 and filling returns regularly since 1999 on notional basis ie @8%
how to justifie opening balances of capital and work in progress

Debashis Saha   10 June 2009 at 20:06

Liability to pay service tax on rent paid to landlord

X Co.Ltd.,is a tenant of an immovable property. A Suit was filed and the Ld. Court directed X Co.Ltd.to deposit the rent with Rent Control Authority. Is there any liability of X Co.Ltd to deposit the service tax payable (not demanded)on rent alongwith the original rent

yogesh1250   10 June 2009 at 16:15

which tax applicable on design sale ?

dear all

We are saling one product. the prodct P.O. is open m which has not mentioned any specific date of closing order. they have issued seprate order of design & devolopent charges.we are issuing sale invoice against devolpment & design charges with include service tax.
is it correct?

Because of I heard excise duty will be applicable on devolpent / design charges & devolpent charges are dividing per quatity product & add excise duty in issuing prodcut invice, which has issued with excise.

kindly give the suggestion on same issue
. if excise applicable on devoplent charges, it is double taxation.

raj   09 June 2009 at 22:21

Gratuity Receipt is taxable?

I received my gratuity payment in my a/c through my previous employer on 31st march 2009. Is it taxable? & If yes ,can I deposit the tax on it without attracting any penalty? & till when.

Dharmaraj.L   09 June 2009 at 18:26

VAT \ CST Applicable

Hi,

We are purchase exam voucher from one customer. Its sold to students or another concern. Any kind of tax applicable for this transcation.

Thanks & Regards
Dharmaraj.L

Urvashi Saumya   05 June 2009 at 12:37

Property Tax

What is the provision of Property Tax in Mumbai (Maharashtra)? Whether it would applicable in case of Rent/License Agreement?
whether the Licensee require to bear this the property Tax?
If Yes, then what would be the way out to save from bearing/paying the property tax?
Pls advise.

V V SATYANARAYANA   05 June 2009 at 09:42

VAT & CST Registration

Sirs,

I need help of Sales Tax professionals for registration under VAT & CST at Bengaluru & Kolkata.

Can any members guide where I can get the details of practicising advocates for this purpose.

Thanks.

deep   03 June 2009 at 16:44

CST / VAT APPICABILITY

The company in maharastra had purchased one wind mill under sales tax exempted from Daman party. The same wind mill was installed in Rajasthan. If company wants to sell same wind mill to another party in Maharastra.

A company is registered under Maharastra VAT.

Whether CST is applicable ?

Whether Maharastra VAT is applicable ?

Whether Rajasthan VAT is applicable ?

M ShivaKumar   02 June 2009 at 17:24

VAT Charges

Hi,

Pls. specify the VAT charges on Food bills, alcohol bills at Restaurant / Hotels etc in Karnataka

Recently i have come across to quotations by different hotels which are between 24% - 33.33%.

Regards,
ShivaKumar.M

Vivek Handa   02 June 2009 at 13:32

HUF and coparcener

Dear all

Can a HUF employ its coparcener as its employee and pay him salary?