dhiraj
19 April 2010 at 12:06
WHETHER TAX WOULD BE DEDUCTED IF THE EXPENSES PAYMENT IS BEING MADE TO VENDOR/PAYEE UNDER COURT AWARD. IN THE NORMAL CIRCUMSTANCES TDS IS DEDUCTED AS PER THE PROVISION OF INCOME TAX ACT.
sanjiv batra
19 April 2010 at 10:13
WHAT WILL BE INCOME TAX & TDS TREATMENT ON AMOUNT PAID TO ANY ORGANISATION IN OTHER COUNTRY FOR SURRENDERING USE OF A TRADE MARK, SINCE WE WILL USE THAT TRADE MARK IN HIS COUNTRY?
Anonymous
17 April 2010 at 17:46
PLEASE INFORM ME THE FORMULA FOR ADJUSTMENT OF CREDIT NOTE IN VAT IN DIFFERENT STATES OF INDIA
Anonymous
16 April 2010 at 16:37
R/sir,my client deposited income tax in the bank mentioned A Y 2009-10 instead of AY 2010-11. What is the procese of correction..
Thannx....
Anonymous
16 April 2010 at 15:51
case history:
my father was a businessman who died in year 1986, after his death the business was taken care of by my elder brother
who died in year 1988.
myself is one of the three legal hieres alive as of today.
and neither of me or my two other younger brothers were involved into my fathers business after his death.
in year 1999 we recieved a notice from the dept. of income tax. claiming the uncleared liablities towards them, which were left uncleared due to my fathers death.
also in past 7 years I have not filed income tax returns, and actually was not doing any business due to illness.
the family's expenses were supported by the rental income from a house in my wife's name.
right now i am not having any copy of the notice or doccuments sent to me by the dept. of I.T.
stil i can recall that it was only 7 years ago tht we had recieved any notice or doccuments from the dept of IT.
NOW it being such a long time , i am willing to know if there s any possiblity of the income tax dept. now claiming any uncleared liability form us.
also as now we are going to sell one of the property which was purchased by my father in auction form the dept. of I.T.
and which is till date in the name of his wife and three sons including myself.
i want to make sure that the dept.of I.T. should not claim any uncleared liabilities at the time of sale of the property.
sir,i need your advice and suggestions in refeernce with this, so as to proceed any further.
awaiting for your response.
--
Chintan Shah
16 April 2010 at 10:54
I have a client which is a company which used to render services two years ago, say 'SERVICE A'. It ceased to render SERVICE A before two years. Now at that time it had cenvat credit of Rs. 2 Lacs receivable which remained unutilized. In the current financial year the company has started rendering "SERVICE B' which is a taxable output service. The client wants to utilize the credit of Rs. 2 Lacs for paying the service tax on SERVICE B. Is such a setoff possible? During the interim period of two years the company was in existence and the client has also filed service tax nil returns for the the respective quaters and has brought forward the credit in the current quarter.
Is there any restriction on the utilization of credit in terms of time within which it can utilized?
Since the inputs on which duty has been paid are not to be used in rendering the SERVICE B, than also credit can be taken on such duty paid on inputs used to render SERVICE A?
Please answer the aforesaid with proper reasoning...
Thanks in advance,
Chintan
P.C. Joshi
15 April 2010 at 23:28
Dear Friends,
A has three factories in U.P., Delhi and Haryana where it makes different ptoducts. It wants to make local sale of items manufactured in different states say certain items whch are being manufactured in U.P. and inetr state sales is being made at present to delhi and Haryana customers vice versa. Now in ordre to amek local sale it has to stock trasfer from one state to another state free of tax against form F. But as per Vat provisions in case of staock trasfer the inut credit avialed has to be proportionately reversed. I am not clear what is the extent of reversal of such input tax credit and on which amount it has to be considered specially in U.P. I have approached many advocates none of them could give me a staright forward answer. Somebody says it is proportionate to the total input cost credit availed on local purchases. Some other says that it will be fakt 4% of stock transfer amount and so on.
Can anyone clear this concept please.
regards
P.C. Joshi
SUBHASH SHARMA
15 April 2010 at 16:40
ONE OF MY CLIENT HAVE FOLLOWING 3 SERVICES :-
1) REPAIRS & MAINTENANCE
2) ERECTION & COMMISSIONING
3) GOODS ON TRANSPORT
IT, IS MENDATORY TO FILE RETURN THROUGH E-FILING.
I HAVE PREPARED THREE SEPARATE RETURNS AND PREPARED XML FILE TO UPLOAD.
SHOULD FILE THE RETURN ONE BY ONE OR ALL THE FILES HAS TO BE UPLOADED AT A TIME.
KINDLY ADVISE
SUBHASH SHARMA
ADVOCATE
manjit singh
14 April 2010 at 22:27
How an individual can file his income tax return for the AY 2010-11 on estimated basis if he is doing the business of tent service and he has not maintained the account books for the FY 2009-10 and his net income from business is above Rs. 165000
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80 G
Hi all,
I got my NGO registered under societies registration act 1860 section 21 on November 2009.
Now, I want to have 80G certificate for my NGO. Is My NGO is eligible to get 80G (as we have registered ngo 6 months back).
I discussed it with CA and he informed that I have to pay Rs. 15000/- for that and I will get the certificate.
Can anyone help me with this and can proced me the procedure to obtain the same.
Is is mendatory that I have to get 80G through CA only and I mylself can't apply for the same.