Anurag
26 June 2008 at 15:20
Respected Sir
I want know this Few Issue regarding SEZ of Andhra State:
1.One Contractor Making purchases for SEZ site, and the type of Purchases is LOCAL PURCHASES,in such case can he avail input of VAT???
2.If the Person already in Composition Scheme Of VAT,Then can he avail Input??
3.Are there any form through which he should Purchase MAterial
Please tell me About This Query
Thanks in advance
Anurag Gupta
CA STUDENT
ashish
25 June 2008 at 15:40
R/SIR/MADAM
MY CLIENT WANTS TO PURCHASE A LAPTOP 4M DELL INDIA PVT.LTD. ONLINE.
THE CO`S PRICE IS APPROX 35300Rs.INCLUDING BASIC 31862Rs. AND EXCISE OF 3380.25Rs.
MY QUERY IS -(1)WHETHER MY CLIENT HAVE TO APPLY FOR JHARKHAND VAT 503/504(PERMIT)OR NOT? (2)IF YES,IS HE LIABLE 4 SALES TAX OF 4%ON 35300RS.(3)WHAT ARE THE LEGAL FEES RELATED ON THIS MATTER OF THE DEPARTMENT? (4)PLZ ALSO TELL ME TO SEE OTHER SECTIONS RELATED IN THIS MATTER.
IF POSSIBLE PLZ REPLY URGENTLY.
WITH WARM REGARDS TO ALL SENIORS.
Anil
25 June 2008 at 06:58
Karnataka VAT ( K-VAT) and CST
Please note that all below questions pertain to Karnataka VAT
1) Is it possible to claim set off of VAT paid on all items (including stationary, Furniture etc) bought by the company against VAT collected on all sales (i.e. sale of trading items)? If not what is the criteria for setting off?
2) For setting off should the % VAT be same? For example: An item is bought on which of VAT % is say 20%. If the items of the company is sold on which VAT % is say 4% can set off be claimed?
3) At present what are the rates of VAT prevailing?
4) Can VAT be set off against CST?
5) Is set off allowed under CST Act like it is in VAT Act? In other words can CST paid be set off against CST collected?
6) Are any registers to be maintained statutorily under VAT and CST Act?
7) In whose favour cheques are to be drawn for payment of: a) VAT b) CST.
8) Can one issue just one cheque for payment of both VAT and CST payable during a month?
9) Can cheque be paid along with VAT / CST return?
10) Are export sales exempt from Sales Tax?
10a) what is the difference between Tax invoice and Bill of Sale?
11) Are there any challans to be filled up for payment of VAT /CST?
12) Can payment of VAT / CST be made in banks instead of paying to the department
directly?
Please answer questionwise. Thanks .
Anil
25 June 2008 at 06:58
Karnataka VAT ( K-VAT) and CST
Please note that all below questions pertain to Karnataka VAT
1) Is it possible to claim set off of VAT paid on all items (including stationary, Furniture etc) bought by the company against VAT collected on all sales (i.e. sale of trading items)? If not what is the criteria for setting off?
2) For setting off should the % VAT be same? For example: An item is bought on which of VAT % is say 20%. If the items of the company is sold on which VAT % is say 4% can set off be claimed?
3) At present what are the rates of VAT prevailing?
4) Can VAT be set off against CST?
5) Is set off allowed under CST Act like it is in VAT Act? In other words can CST paid be set off against CST collected?
6) Are any registers to be maintained statutorily under VAT and CST Act?
7) In whose favour cheques are to be drawn for payment of: a) VAT b) CST.
8) Can one issue just one cheque for payment of both VAT and CST payable during a month?
9) Can cheque be paid along with VAT / CST return?
10) Are export sales exempt from Sales Tax?
10a) what is the difference between Tax invoice and Bill of Sale?
11) Are there any challans to be filled up for payment of VAT /CST?
12) Can payment of VAT / CST be made in banks instead of paying to the department
directly?
Please answer questionwise. Thanks .
Santosh
23 June 2008 at 11:54
Dear Seniors
Our Client is having their own Approved Gratuity Trust set up.
As per their Internal proces they pay gratuity to resignees even they have not completed the 5 years of Service.
Will such gratuity will qualify for tax exemption under section 10(10)(ii) or 10(10)(iii).
Kidnly help me out so that I can advise them.
SANJAY DIXIT
22 June 2008 at 21:42
My client has the PAN number of her husband.
Whether she can get the information from Income Tax Dept. under RTI ACT regarding IT Returns filed by her husband in the prev. fin. years?
Whether PAN number is sufficient for the said purpose?
ankit gupta
22 June 2008 at 15:07
RESPECTED SIR/MAM
WE ARE PLANING TO OPEN A NGO fOR THE UNDERPRIVILEDGE CHILDRENS,i want to know that what is the procedure to get the tax exemptions under section 80g of the income tax act.and what is the procedure to do the same so that whosoever gives any donation in our Ngo gets that benefit.
thanks
regards
ankit gupta
22 June 2008 at 15:07
RESPECTED SIR/MAM
WE ARE PLANING TO OPEN A NGO GOR THE UNDERPRIVILEDGE CHILDRENS,
Anil
18 June 2008 at 17:57
1)Can a person gift money to his spouse without attracting Sec.64 of the Income Tax Act ? Note that the person does not genuinely would want to have any right over the money given to his spouse
2)A person has given money to his wife. The wife invests the money in NSC. In the given case Section 64 of Income Tax is attracted for the interest accrued on NSC.
I would like to know whether the person can claim deduction u/s 80C for the money invested in NSC. Note that the NSC certificates are in the name of his wife.
Kindly answer pointwise in the order question is being asked.Thank you.
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