ABHINAV JAIN
19 January 2010 at 16:53
Interpretation of section-20 of the Rajasthan motor vehicles taxation act,1951.?
Whether a state can levy taxes for using certain bridges, roads, etc..?
In my view it is the sovereign function of the state to provide for better facilities etc. etc..
However the accepted view is that in order to maintain such bridges, roads etc. expenditure is incurred and to maintain the same levy of toll-tax is correct.
please clarify before 20-01-2010; 09:30am
VIRENDER GUPTA
19 January 2010 at 13:26
Can Brought forward unabsorbed depreciation set off with Income from House property if there is no profit from business in Current year.
e.g. Income from H.P. 1000.00
Current year loss -50.00
current year Dep. -75.00
------
Balance 875.00
B/F Unabsorbed Depr. 1000.00
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- 125.00
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my query is still stands about B/F depreciation . Whether B/F Unabsorbed depreciation can be set off with other incomes if current year business head has no profit
shweta
19 January 2010 at 09:46
The object clause of the company is investing nature. Company has invested in the fixed deposits. It has earned interest on FD. Company has adjusted the interest income against administrative expenses. In the block assessment, it has disallowed the expenses from A Y 2002-03 to 2008-09. The company has purchased land for the purpose of the construction. Since in the object clause no changes done, interest is charged to income. Now, in the financial year if the object clause is changed as construction, can the expenses disallowed can be transferred to WIP? As the project has not been started.
PLZ REPLY ITS URGENT
aman kumar
18 January 2010 at 16:48
A person get some money 40% as arrere of 6th pay comm, & cross the tax limit & pay tax last year , now this year he get 60% of arrear & now DDO OF EMPLOYER reimpose the tax , can he file return for refund ?
what is form 10-E ,HOW CAN HE USE IT PLZ ,
Rohit Gupta
18 January 2010 at 12:24
As per the Act, apart from factories establishments which Central Govt. may notify would be covered under the Act.
My queries are:
1. What all establishments have been notified by the Central Govt. on which the provisions of the said Act would be applicable?
2. Does employer in other establishment is at sole discretion whether to follow or not to follow the provisions of the said act?
3. Is the minimum limit of employer contribution 10% in all cases? Then why does the employer contribution in only excess of 12% rather than 10% not allowed as deduction?
Please quote relevant sections forming your opinion.
Thanks.
Rohit Gupta
18 January 2010 at 12:14
Please confirm if an article assistant under the ICAI Act also an employee as per the following Acts:
1. Income Tax Act, 1961
2. EPF and Misc. Provisions Act, 1952
3. The Payment of Gratuity Act, 1972
4. The Payment of Bonus Act, 1965
Also quote relevant sections used as a base for your comments.
Meera
18 January 2010 at 10:59
P ltd sold goods to Q ltd at a value of rs.500 per unit. in turn Q ltd sold the same to r ltd at a value of rs.600 per unit. if p ltd and q ltd are related, where as q ltd and r ltd are unrelated, determine the value on which excise duty is payable..
Meekha
18 January 2010 at 10:34
Can any one please help me to solve this and compute(i)Assessable value(ii)Customs duty:
A imports by air from USA a Gear cutting machine complete with accessories and spares.Its HS classification is 84.6140 and Value US $ FOB 20,000.
other relevant date/information:
(1) At the request of importer, US $ 1000 have been incurred for improving the design,etc.of machine,but is not reflected in the invoice,but will be paid by the party.
(2) Freight-US $ 6000
(3) Goods are insured but premium is not shown/available in invoice.
(4) Commission to be paid to local agent in India Rs,4500
(5) Freight and insurance from airport to factory is Rs.4500
(6) Exchange Rate is US$1=Rs.42
(7)Duties of Customs:Basic-30% CVD-14%
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service tax
sir, Life insurance services & insurance auxiliary services relating to life insurance service tax is deducted by birla sun life from advisors (agents). Actually service provider is birla And Service receiver is client, whether the liability of payment of service tax lies with advisor ? why should be deducted from commission ? please clarify with remedies for recover deducted amount from commission. Thanks.