We have raised the Bill from Tamil Nadu to Mumbai Customer for Rs.10 lacs against C Form, 2%.
We have a Local Sandy PURCHASE.
How much Tax should be payable to CST & VAT.

Please give your valuable advice.

tax deposited in wrong assessment year how can correct

1) I'm buying a flat from an individual seller.

2) Seller has purchased flat & registered it on 21 -6-2011.

My query -
3) Am I liable to pay VAT at 1%?
Why I feel so is a PDF (mahavat.gov.in/Mahavat/MyFold/.../FAQ&NOTE(28-08-12).pdf) says the VAT is to be paid by developer, on a flat under construction. (page 4 of PDF has FAQ).

in the PDF, a question is -
'Q3. Whether VAT is payable on the sale of completed flat?
Ans 3:
VAT is not payable if a completed flat is sold by the developer'.

In my case -
-- the flat is expected to get OC by June end 2014 / july 2014.
-- My agreement expected to get registered before the OC is received.
So, will the flat be considered as 'flat under construction' and VAT at 1% levied on me? If yes, will it be based on the difference between my purchase value - minus - sellers agreement value with original builder?
Will the seller will get setoff?

There are some other Q&A in PDF, but I'm unable to understand, hence this question.
Thank you!

Suppose an individual has started business and he has claimed benefit f sec.44ad regarding non maintenance of books of a/cs and he takes such benefit for 5-6 years. Suppose after 6 yrs he is now liable for tax audit than in such case: 1) how will he prepare/show balance sheet? 2) how will he value opening and closing stock? 3) how will be fixed assets valued? 4) how will gross block be calculated? 5) how capital account be arrived at?

is cs executive 2014 dec attempt is applicable for old or new syllabus. which syllabus i have to prepare

My brother is in USA, for this year he is a non-resident. so while repatriating money to his own bank account, it will not be taxable. But my query is can the repatriation be made to any of the family members (brother, mother, father) bank account and if possible then will it be taxable?
NB: Repatriation is from USA to India!

DEAR EXPERT, PLZ PROVIDE ME LINK OF NEW SYLLABUS OF COSTING, ISCA OF CA FINAL

RESPECTED SIR,

I AM ADVOCATE AND MY WIFE IS A GOVT. TEACHER, I HAVE 3 CHILDREN (1.ARNIMA FEMALE AGE 11YEAR, 2.ARYAM MALE AGE 8 AND 3 SIDDHI FEMALE 3 YEAR).

NOW I WANT TO FORM HUF AND I WILL BE THE KARTA OF THE HUF…… MY QUESTION IS AS FOLLOWS :

1. MAY I FORM HUF ?
2. I WILL BE THE KARTA?
3. CAN WE (ME AND MY WIFE) CAN GIFT TO HUF? AND HOW MUCH? THERE IS ANY LIMIT? AND HOW TO GIFT TO HUF?
4. INCOME FROM HUF IS CLUBBED IN ANY OF US (ME AND MY WIFE) ?



THANKS AND REGARDS


Ashish Kamthania

Sir,

A Treust created to maintain a Hindu Temple.The trust deed is registered with District Registrar(DRO).The Trust is run by donation from Public. Its Net Income for the FY 2013-14 is Rs.5.50 lacs

Weather the trust is to compulsorily registered with Commissioner of I.T u/s 12A?

If not registered, what is its effect?

Dear sir,
On viewing my Tax credit from Form 26AS Ifound that there are differences in the amount shown in 26AS Interest credited by bank and amount in the ceretificate given by the bank.

Please guide me regarding the amount to be taken and shown in ITR.

Secondly, I have incurred medical expenses on myself ,treatement taken from a private neurologist. I have bills and receipts of Tests carried out.
Please guide me whether the amount can be deductible under 80DDB.
I am a senior citizen
I shall be thankful to you for your guidance
Yours
Subhash Chandra Sharma