sandipan mukherjee (IP Analyst) 17 July 2011
I am a LLB student.
Please answer me the below queries related to principle of taxation.
1. What is jurisdiction of tax?
2.What is territorial and extra territorial consideration in taxation?
3. wat is the distinction between capital and income?
4.what is estoppel and penalty in taxation?
5.What is the efficiency of taxation system?
6.what is the doctrine of priviledge in taxation?
7.What are the use of taxes?
rajat (accounts manager) 18 July 2011
sir,
we have a re-rolling mill & we purchase material from intra state only for vat credit. if we purchase material from other party in same state who purcsased material from interstate and consignee us as a buyer and after that he raise the vat bill to us. can we take vat credit on such invoice
kalpana21sara@gmail.com (kalpana21sara@gmail.com) 21 July 2011
I work for an MNC which has different rules for claiming LTA. I get 30000 as my LTA .Even if I travel by cab with my family and go to visit a place, it will give me a deduction on only of the first class AC fare of the train with shortest route, rest becomes taxable.
Is this justifiable? Can i claim this while filing my Income Tax Return?
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