Om
22 December 2016 at 20:08
Sir,
I have done some CST sales against the c form condition with the buyer. Unfortunatley some of them failed to provide me c form due to closser of their business and some statrted blackmailing me to provide me c form only if i make any additional discounts etc. Now my local sales tax office demanding the c form and even served notices of attachement of my bank account. I have paid the our state's tax and sold agaist the buyer's cst waybill also confirmed that my byer has also paid the tax in his state ans showed the trasactions in his return. My advocate suggests me to make a stay and go for appeal by depositing 20% of the demanding amount. Due to my financial inabilities I am unable to arrange the amount. Please suggest me how to get relief from this situations. I do not have any tax dues except the C form.
So also I heard from some source that there are some judgments regarding the reliefs to the seller if failed to submitte the c form or please suggest any other way.
Thanking You and with Warm Regards
THANGADURAI
22 December 2016 at 07:32
I have taken an industrial shed for my godown and paying rent of Rs.75000 pm. For the first month, the rent was only 24000 and I did not deduct TDS as I did not know. For the second month I have deducted TDS of 10% on the rent and paid the balance to the landlord. Now I want to know how to remit TDS to Government. I don't have a TAN. I have PAN only. Kindly suggest , please.
Mukesh Khandelwal
18 December 2016 at 15:45
M/s. Shree Karni Mines (SKM) is engaged in the manufacture of lime stone and has been given mining leases by State Governments of the Rajasthan. SKM is liable to pay royalty based on a portion on earnings from production and the same varies depending upon the type of mineral and market conditions. In case excavation is not carried out SKM is required to pay dead rent in lieu of royalty. The State Government also levy a cess on the Royalty. Under the relevant mining statute, a District Mineral Foundation is separately established as a non-profit body in order to work for the interest and the benefit of persons and areas affected by mining operations. SKM under the statute read with Notifications issued therein is mandatorily required to make a payment to this Foundation which is calculated as a percentage of Royalty. Advice on service tax applicability on the payments by way of Royalty, dead rent, cess and contribution to the Foundation.
MOHAMED FIROZ
18 December 2016 at 13:37
For an income tax assessee filing his returns regularly, how much amount of carried over legal money in new denomination can one keep in his house ? Is it compulsory to deposit your cash in the bank ? Can one deposit the same after 01-01- 2017 because of the ceiling of Rs. 2.5 lacs now ? Will there be any restriction on savings bank cash transactions after 01-01-2017 ?
dinesh kumar
16 December 2016 at 22:34
I have an shop monthly rent is 14000/P.M My tenanat is not paying rent on due time.but this year he has paid all arrear amount. I.e 231000/=&vacate the premises & not collected any service tax from tenent Last year my rental income was less than 10 lacs .So I have not charged & paid any service tax.but this year my rental income has exceeds Rs 10 lacs..
My question is -what is service tax implication on my rental income where I have not charged & collected service tax.Is there any possibilities to avoid /minimise the service tax applicable on my rental income .Is service tax payble on actual amount received or amount due .
T.N.REDDY
16 December 2016 at 19:08
vide sl.no.2.goods of intangible or incorporeal nature as may be notified from time to time by the state government, and including
(iii)Import licenses including exim scrips, special import licenses and duty free advances license or quota
my client is in to the business of development of software, and we also import certain licenses in order to trade in india. and when we sell we collect of vat/cst rate as applicable and remit to the dept.
now the A.O. says that when you import the licenses, you are supposed to pay the VAT as purchase tax and then take the input against the output VAT.
is it correct ? kindly advice
vivin
15 December 2016 at 16:36
Both the issuing bank and beni are located in Mumbai.
Anand Jha
14 December 2016 at 17:46
We are Edible & Non Edible Oil Manufacturer.
1.We are exporting non edible Oil and
2.The bye product (DOC) from edible & Non edible oil is also exported as well as sold for Domestic consumption.
For Packing and product handling, we have engaged contractor some of them have been engaged, on piece rate basis and some of on mandays, Now the Question arise whether the Service Tax payable on :
1) the Labour services used in factory for Non-edible Oil which is 100% exported?
2)the labour Services for product handling in factory used for DOC which partly exported?
3) Packing & Filling Activities of edible oil, which is sold to domestic consumer?
chetan
12 December 2016 at 15:09
Dear Experts,
we are buying (me and my wife) a property (flat) which is a joint ownership (50% each).
Query
1) TDS 1% of the agreement value should I have to pay equally on the pan cards of the joint owners ?
2) should the joint buyers also have to split the 50% TDS and pay each to the joint owners pan card separately?
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Taxation on new property on own land
I am a salaried person. I had a inherited house and land from my late parents. I was the sole owner of this inherited house and land.
This house had been demolished and a new residential apartment building with a commercial ground floor has been built in a joint venture with construction promoter. Now I received one commercial shop and 4 residential flats in this building after development. Amongst those, I sold out one residential flat in current year. Rest of the flats are in my possession but neither sold/rent/registered. Only having possession letter.
My question is:
1. What is the income tax implication for me this year?
2. Should I need to pay income tax for all the flats in my possession?
Please suggest.