sir, i am doing labour job , nothing is purcahsed by me , my cliennts supply me materail and i do the labour job , is it manadatory for me to apply vat no., if yes then what is the limit .
and is yes then how i will submit my sales tax return becoz there is no purchase and sale of materail , but a labour. but i apply fr vat no now what shoul i fill in my sales tax returns.
pls clear my point i will be thank full to u.
sir i am doing labour job(my cliets supply me iron rods and i produce nut and bolts ), is it mandatory for me to apply for vat no. if yes what is the limit amount.
As per Karnataka Value Added Tax Act.2003 revised return shall be filled within six months. If a dealer files revised return after six months claiming more input than the original return, department reject the excess input tax in revised return. Can they reject the same ? Is there any legal remedy for the same. pl quote any case law for claiming input tax after six months
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Home> Experts > Taxation > valuation of jewellery under wealth tax
In one of the reply in above link, about valuation of Jewelry, Shri Pkpworld has indicated on date 13th Nov'09 that:
"Wealth tax will be charged @ 1% on the net wealth including jewelry in excess of Rs.15 lakhs on the valuation date (31st March of the Previous Year)."
Will any one please let me know about the wealth Tax? What all is considered for valuing wealth? Few like:
(1) Bank account balance.FD etc (2) Jewelry.(3) Stock and Share valuation.(4)Units of Mutual Fund-Valuation.(5) Residential property occupied by the self for living purpose.(6) Any commercial property.(7) Residential Plot.(8) Other residential accommodation –which is not Self occupied
and any thing more which is to be considered for wealth Tax. I do not know how to continue and take part in the old query, so I have asked a fresh query for a guidance.
Bhasker Parikh
Email Id:bhasker.parikh@gmail.com
Can anyone guide me how to make valuation of jewellary for filing wealth tax return and computation of tax liability.
Regards
P.c. Joshi
CAN STACKING BALLAST AND SPREADING IT UNDER ONE CONTRACT BE TREATED AS COMPOSITE CONTRACT? IF YES, WHAT ARE THE TAX LIABILITIES?
Does HUF disrupt post amendment to Hindu Succession Act, 2005 upon death of karta leaving behind his spouse and married daughters for Taxation purpose, the karta being an assessed under the status of HUF .
is it necesssary to take a pan no for a private clinic if it is registered
punjab vat
Sorry for asking the same but there is some other confusion.
sir, i am doing labour job , nothing is purcahsed by me , my cliennts supply me materail and i do the labour job , is it manadatory for me to apply vat no., if yes then what is the limit .
and is yes then how i will submit my sales tax return becoz there is no purchase and sale of materail , but a labour. but i apply for vat no now what shoul i fill in my sales tax returns.
pls clear my point i will be thank full to