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SUBHASH SHARMA   05 September 2009 at 15:49

STOCK TRANSFER

SIR,

ONE OF MY CLIENT WHO IS AN EXPORTER HAVE TWO BRANCHES ONE IN DELHI AND SECOND IN NOIDA.

HE EVERY DAY TRANSFER GOODS FROM NOIDA TO DELHI AND DELHI TO NOIDA.

WHAT HE SHOULD DO FOR VAT COMPLIANCE.

HOW WE HAVE TO MAINTAING THIS STOCK IN OUR BOOKS. IS THERE ANY FORM TO BE GIVEN TO STOCK TFD.

THANKS/REGARDS

SUBHASH SHARMA

Deepak Kumar   05 September 2009 at 15:08

INCOME TAX

please suggest me that

I am salaried and also having an income from shares, mutual fund and commission of Insurance. I want to know that the process to file ITR.

thanks and regards.
Deepak Saini
9871119327

Basanta Kumar Misra   05 September 2009 at 13:07

Winning from T.V.Game show prior to 1.4.2002

Sir,
One gentlemam won Rs.50 Lakhs prize
money from a television game show in July 2000. And the I.T.Deptt. asking to pay tax @30% on the Rs. 50 Lakhs. whether such act of the I.T.Deptt. is not cause violance to Art. 265 of the constitution of India, and Section 136 of the I.T.Act.

Also, whether the Circular No. 447 of 1986 will not be applicable to this gentleman as he is/was not a professional
in such television game show.

SUKANTA PAUL   05 September 2009 at 10:54

income tax

SIR, if an individual having business income (partner salary, commission, interest) over Rs.10lakhs, is he required to audit u/s 44AA(2)(i)? The ITR Forms has now 2 options i.e. 44AA & 44AB. PLEASE GIVE DETAILS

hussain   05 September 2009 at 10:47

Loan to Directors

Sir,
the company as given loan to directors and it has been deducted in next financial year from the remunaration.but as per income tax loan has been become a demmed income in the hand of directors.in this case there any rule that can we save the penlty

SUKANTA PAUL   05 September 2009 at 00:12

income tax

sir one of my individual client has business income more than 10 lakhs, is he required to audit his account

SUKANTA PAUL   04 September 2009 at 23:53

INCOME TAX

SIR, ONE OF MY CLIENT HAS BUSINESS INCOME MORE THAN 10 LAHKS (RUPEES TEN LAKS). IS HE REQURED TO AUDITED HIS ACCOUNT IN THE ASSTT.YR 2009-2010? I HAVE SOME URGENCY, PLEASE CONFIRM IMMEDIATELY

Basanta Kumar Misra   04 September 2009 at 23:51

Income Tax on TV Game Show

Whether, to levy and collection of Income Tax from the Winner of Prize money
from any T.V.game shows prior to the amendment in the I.T Act in the finance Act 2001, does not contravene

1-Art. 265 of the constitution of India, as there was no text " any winning from T.V Game show.

2. Section 136 of the I.T. Act, as without
any evidences that T.V.Game show was
comming within the ambit of 'game of any sorts'as mentioned in Section 2(24)ix and 115BB, where as from Section 115BBA, it is clear that, particular games are listed u/s 115BB.

3. And, the CBDT Circular- 447 of 1986

SUBHASH SHARMA   04 September 2009 at 15:46

SALES TAX

ONE OF MY CLIENT WHO IS REGISTERED WITH UP TRADE TAX ( SALES TAX ) HE HAS NOT BEEN FILING HIS VAT RETURN SINCE 2006 ONWARDS HE DOES NOT HAVE ANY SALE AND PURCASE DURING THE SAID PERIOD.

WHAT SHOULD HE DO NOW HE WANTS TO SURRENDER HIS SALES TAX NO AND WANTS TO GET DONE ASSESSESSEMENT OF THE SAID FINANCIAL YEAR.

SUBHASH SHARMA
ADVOCATE
M-9891338895

SUBHASH SHARMA   04 September 2009 at 15:31

CST 1% OR 2%

HI,

I HAVE PURCHASED GOODS FROM INTERSTATE AGAINST C-FORM.

I HAVE BEEN CHARGED CST @ 1% AND @ 2% WITH DIFFERENT SUPPLIERS IN DELHI AND OTHER STATES.

I JUST WANT TO CONFIRM WHAT IS THE RATE OF CST NOW AGAINST FORM -C . IS IT 1% OR 2%.

SUBHASH SHARMA
ADVOCATE
M-9891338895