Experts Query Daily Digest :26 May 2016

26 May 2016 at 14:14

capital gain tax

sir, what is income tax rate on capital gain

26 May 2016 at 13:53

Service tax

is service tax applicable on selling books online.?

26 May 2016 at 13:46

Form 15g


26 May 2016 at 13:38


Any case laws in tyhis subject pl
CA P T Sankunni FCA

26 May 2016 at 13:23

Depreciation if asset is being used day and night

Hello Sir,
Some of the assets is being used day and
Night pls let me know even in this case
As per IT act. Only 15% depreciation will be
charge or more than 15%,

Aman jain

26 May 2016 at 12:47

26as tds not reflecting in demand

what ever we pay the tds amount reflect in 26as based on that we prepare income tax filing but demand is come for the purpose of out standing amount is pending.some of the tds amount reflected in demand but no full why?

26 May 2016 at 08:22

provision for bad and doubtfull debts u/s 36 (1)

for co operative banks what should be in mind to calculate total income I.e. deductions and tentative income

26 May 2016 at 00:05

deduction of TDS in case of payment of interest to Business trust i.e. REIT

can anybody plz tell me whether the sponsers of SPY are liable to deduct TDS in case of payment of interest to Business trust

26 May 2016 at 13:51

Effective date of vat 240 above 1 crore

Sir,we didn't submit vat 240 during the year 2010-2011 and our total turnover is 88 that time vat 240 was to be submitted if our overall turnover was 1 crore but recently I got a notice from vat department to pay the fine for not submitting the vat 240 form fir the year 2010-2011.Can u please tell us in which year was the effective date was issued for paying vat 240 above 1 crore and from which assessment year is it applicable ? And please tell us a solution for this.
Thank you.

26 May 2016 at 13:11

vat & st registration

want add a branch. which is best centralised reg/ any other 1. please let me know the process. 2. what I need to show on invoice/ bill ( present am in cot)

26 May 2016 at 13:11

Vat rate on ip cctv in jammu kashmir

Can anybody help me with making me understand exact VAT rate on IP CCTV cameras in Jammu Kashmir.
Can we somehow get this billed @ 5% in J&K

26 May 2016 at 11:20

Registration requirement

Dear professional colleague

One dealer of Delhi purchase goods from Delhi all purchase goods export in European Countries.Is vat and CST registration will compulsory or Not in Delhi.?


26 May 2016 at 13:24

Man power recruitment service.

what is the difference between man power supply and man power recruitment agency.

there is RCM on man power supply but not on man power recruitment.

26 May 2016 at 11:56

Service tax applicabilty on api monogram annual fees paid

we have paid the monogram fee to American Petroleum Institute usd5000/-
the service tax authorities are asked for the service tax.
kindly confirm the tax applicability-

26 May 2016 at 11:46

St return related issue

If my service is fully exempt from service tax. Then while filing St return i have two options:
1. Putting the Gross value of service provided as zero for the all six months so ultimate the tax liability will be zero.
2. Putting the Gross value of service provided as actual amount of service provided. Then putting the notification no. under which my service is fully exempt. Then putting the rate of tax for the service as zero%. then also my tax liability will be zero.

But i want to know which way is right to file the return......

26 May 2016 at 07:16

Industrial training

What is industrial training ? Can article student do the same during his articleship? Is there any permission required ? Is there any stypend for it?

26 May 2016 at 06:38


What is risk and return trade off in different current asset policies???

26 May 2016 at 13:12

registrations for hotel

what are the registrations required for hotel. and please let me know the process

26 May 2016 at 13:06

Regarding professional tax in telangana

Dear Sir,
In LLP how to pay professional tax? what are the limits for partners in LLP and also for LLP?

Thanks in advance.

26 May 2016 at 14:07

Excise query

Dear sir/madam,
I have following queries kindly help w.r.t latest act.
Registration process for Excise.
When to register.
Due dates of payment of excise.
Details regarding excise return.

26 May 2016 at 11:27

First stage and second stage dealer

We have a manufacture unit Name of M/s Shandong Ltd and we purchase Raw Material from M/s Z Ltd which is register as dealer but actually happen in the invoice as under

1) A Ltd is an Importer and sale to B Ltd
2) B Ltd sale to M/s Z Ltd
3) And Z Ltd Sales to M/s Shandong Ltd

It is right as per rule and M/s Shandong Ltd can take cenvat credit

Plz Provide if any link / notification or changes rules

26 May 2016 at 13:05

Please suggest opportunities in western india

Its been more than 4 months i have cleared CA Final and trying in Big 4 since then but not yet placed anywhere i think i should start working in some good firm hence please suggest good firms in ahmedabad where i can join as CA fresher.

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