ravi
26 January 2009 at 11:29
WE ARE A PRIVAT LIMITED COMPANY. WE TOOK A HOUSE FOR STAFF ACCOMMODATION FROM AN INDIVIDUAL.
THE RENT RS.50,000 PER MONTH. THE AGREEMENT SAYS RENT + TAXES IF ANY APPLICABLE LESS TDS IF ANY.
NOW PLEASE ADVISE WHETHER WE NEED TO PAY SERVICE TAX @12.36 ON RS.50,000 TO THE INDIVIDUAL OWNER
DO WE HAVE TO RECEIVE RECEIPT OR INVOICE FROM HIM FOR RS.50000+SERVICE TAX
IS IT NECESSARY FOR HIM TO GET SERVICE TAX REG NUMBER
Rajkiransingh
23 January 2009 at 12:32
Dear sir,
I need a favourable case laws on "Duty paid goods despatched but retain in factory because of customer request to keep the material for enough space at his workshop-goods catched while visit of preventive branch,goods seized".
can anyone having judgment in favour of above subject.
R.S.Rajkiransingh
Kalpesh
20 January 2009 at 11:45
A Ltd has company owned trust which is recognized by Regional Provident Fund authority. Some portion of employer’s contribution goes to Pension fund. B Ltd has company owned trust which is not recognized by Regional Provident Fund (RPF) authority. No portion of employer’s contribution goes to Pension fund.
In view of this, could you kindly let me know:
(I) whether one can transfer accumulations in A Ltd’s PF fund to B Ltd’s PF Fund?
(II) What are the advantages for registering with RPF?
(III) In which scenario withdrawal of PF amount from A Ltd’s trust would be tax free?
Many Thanks
vinod bansal
16 January 2009 at 17:47
Sir
I want to got register our social organisation as a charitable trust,i am a resident of Haryana,what procedure i have to adopt& in which department i have to apply,we are providing free medical services for needy persons,plz enlighten.Thanks
Vinod
Vikram
14 January 2009 at 23:53
Is the alimony received on divorce through courts order taxable in hands of the recipient? Pls explain quoting relevant provisions & case laws, if any?
Vikram
14 January 2009 at 23:52
Is the alimony received on divorce through courts order taxable in hands of the recipient? Pls explain quoting relevant provisions & case laws, if any?
vishwanath
13 January 2009 at 20:33
dear Sir,
one of my clients under karnataka Vat Act are running a lead processing industry where scrap battery is subject to processing and a semi finished product ie lead is got which is sold.
1) My query is i have been claiming input tax credit on scrap batteries @12.5% which is paid by me on purchase. wheras the lead processed is taxed at 4% and thereby i claim refund every month of 8.5%. my question i am doing anything wrong or is there any part of input Tax which i have to restrict or not to be claimed in such cases.
2) My another query is if the said industry undertakes Job work ie, raw materials/scrap battery is supplied by another industry in Tamilnadu and our clients process the same and supply the processed lead (out of the raw materials supplied) back to them. I know it does not amount to sale. but my question is does it amount to works contract.
The requirements of processing other than raw materials are 1) Labour 2) Electricity 3) Chemicals 4)Fuel(charcoal, firewood etc).
Since raw materials is supplied by another industry and as we know labour does not attract sales tax. and further treating fuel and chemicals as consumables. can i remain without paying taxes stating the work as pure labour work/job work
OR does the chemicals and fuel used are deemed to be transfer of property in goods, therefore should i pay taxes, treating it as works contract.
However the chemicals are used to vary the quality of lead ie by adding certain quanties of chemicals, the quality of lead differs ( pure/ average etc)
Note: Only raw material is supplied by Another industry. Fuel and chemicals are to be purchased by us locally.
3) my third query is am i eligible to claim input tax credit (ITC) on fuel and chemicals if the above (query No 2) is a pure labour work.
waiting for your reply sirs,
vishwanath
Shilpa Rani
12 January 2009 at 16:14
If anyone who is jobless and living with money from his parents...will he also need to file taxes...i mean the person without income for the whole year coz of health reasons he did not work...does he need to pay income tax for that year..
sudalaimuthu,
11 January 2009 at 13:46
hi friends,
Plz clarify that if i am procuring materials for construction of wind mill for generation of power for running of machinery in the manufacturing of goods for sale, wheather i can take ITC(Input Tax Credit Claim) under Tamil Nadu VAT Act.
and what is the position in this regard in the other states Acts.
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taxation pertaining to NRI STATUS
DEAR FRIENDS,PLEASE LET ME KNOW THAT IF A PERSON EMPLOYED IN A FOREIGN COMPANY IS WORKING ON A 3 MONTH CONTRACT DURING THE MONTHS OF FEBRUARY,MARCH AND APRIL.AND IF HE RECEIVES PAYMENT FOR HIS JOB IN THE MONTH OF APRIL(FOR ALL 3 MONTHS) .THEN WILL HE BE LIABLE TO PAY TAX ON CURRENT FINANCIAL YEAR OR THE NEXT FINANCIAL YEAR.LOOKING FORWARD TO AN EARLY REPLY.THANKS IN ADVANCE.