In Central Excise Act do home consumption and captive consumption mean the same?? If not can U plz guide me the difference between the two??

Hello,
I received It notice u/s 245 in dec 13 about adjustment of refund against outstanding demand of A.Y 2009. I submitted response about incorrect demand and request for correction. But in April 14, refund amount was adjusted and balance is showing as outstanding demand.

Please let me know what are the options I have.
thanks in advance.

My query is as follows

An individual named Mr. A had invested 1 crore in a residential house in 2008 and the agreement was made in his name. However the amount was contributed by his other friends also but their name was not mentioned in the agreement. The share was as follows:-
Mr. A - 40%
Mr. B - 30%
Mr. C - 30%
The amount was contributed by his 2 friends in the above ratios to Mr. A who in turn paid it to the builder

The property was eventually sold in 2013 for 2 crores and amount was received by Mr. A. and he gave his 2 friends their share.

Now what will be the calculation of capital gains tax? Will it be taxable only in the hands of Mr. A or it will be taxable in the hands of his other friends too?

I HAVE RECEIVED A PLOT OF LAND ( 10 KATHAS) AS A GIFT FROM FATHER ON 22/04/1990. THE COST OF LAND ON 13.12.1969 RS.2500/-. I HAVE GIVEN THIS ENTIRE PLOT OF LAND (10 KATHAS) TO A PROMOTER BY AN AGREEMENT DATED 20/12/2009. PROMOTER DEVELOP 30 FLATS. OUT OF WHICH AS PER AGREEMENT I HAVE RECEIVED 10 FLATS ON 10/04/2014. NOW I WOULD LIKE TO SELL 10 FLATS.

HOW I CALCULATE MY CAPITAL GAINS.

An assesse whose turnover is less than ten lakh.But he has service tax registration number and he also charged service tax on invoice. The service receipnt also take cenvat credit on service tax. Now what is liabilty of service provider regardig depositing service tax liabilty

Hello sir,

Which course is batter for scope chartered accountants(ICAI) or cost accountants(CWA).

Actually i heard a news that students appearing for ipcc exams in may 2014 would be exempted from the new syllabus of information technology and excise duty for the next 3 attempts if they are unable to qualify in may 2014 attempt.Is it true.Please if any body knows about it reply to me at priyathamreddy9@ymail.com

Dear Experts,

Please provide me consultant engineer (Individual) liability to pay service tax. Can company pay service tax on behalf of consultant engineers.
What is rate of service tax of consultant services. Old rate is 10.30 %.

Is there any new notification issued by department which replace earlier notification (Notification No.23/97-ST, dated 02.07.1997)

Sir,
I am not CA. Can I become a Tax Return Practitioner? If yes, what are the requirements and the procedure?

I have registered a flat(1510 sqft) for Rs.45.50 lacs(puchase value) for which guidline value is Rs38,19,300. Builder has charged me additional amount of Rs.218,118/- for the same.

The builder has given the following explanation:
Diference between Regn & guildline vlaue Rs.730,700
VAT @14.5% 105,894
Servie Tax @12.36% 90,315
eligibility of Income tax @30% =219,090 - 10% of 219,090 is 21,909
Total amount collected 218,118.

I am not convinced from the above.

Flat is registered on 1st February 2014 and construction is completed n possession was given on 16 March 2014.

Please confirm whether the above additional amount collected by is correct and legal?