there is a dispute between me & my ca & now he is telling to me i will not sign your examination form & also extend your training period. please anybody suggest me what i should do in these situation
An enterprise purchases packing material on which excise duy is charged. Is enterprise eligible to avail cenvat credit if the packing material purchased is at a plant at which no manufacturing takes place?
Thanks
(1) Assessment Year 2011-12
(2) Assessment completed under Section
143(3) of the Act.
(3) Assessee was assessed as Representative
Assessee (Section 160 of the Act)for
Capital Gain Income of her Majour
Daughter who is NRI and the Property
was sold in India by her Mother (the
assessee)through a Special Power of
Attorney executed by her Daughter.
(4) The Representative Assessee (mother) is
ready to pay Tax on the said capital
Gain.
(5) But what about Penalty under Section
271(1)(c) of the Act.
(6) Whether the Representative Assessee is
liable to pay Penalty also.
(7) Section 161 of the Act, speaks for
"TAX" only and not about any "PENLTY".
(8) Also, Tax does not includes the Penalty
but includes Interest only.
Please reply with Case Laws.
With Thanks
CA. LAKSHMISH KANT
9268829820
ishassociates@gmail.com
I have cleared IPCC both group and I m going to compete my 1 year of articleship on 13 Feb 2014 , I want to know whether I m eligible for industrial training and when can I start my industrial training. thank you in advance...
if rent is greater than rs.100000 pan is mandatory for claimimg hra.but if landlord is not giving his pan no.than for tax saving purpose a salaried person what can do to avoid tax laiblity on it.
if rent is more than rs.100000 for claiming hra pan is mandatory.if landlord is not giving his pan no.than for claiming house rent allowance what can we do?
is tax liability arise if we shift from one scheme of mutual fund to another???
if yes then what will the tax treatment in the individual resident??
Category of scheme is DEBT & non tax saver.
Dear experts
1. Whether CENVAT (Excise) and central sales tax are same?
I mean excise duty is impose on production of goods and CST like VAT imposed on sales of goods from one state to other state i.e. interstate sales.
I am also confused with credit available from input to output duty. I am drawing my confusion with different conditions in examples for having the pleasure of your understanding of my doubt as:
2. A ltd. of Delhi purchase raw material D for production of material E. it has paid excise duty rs.5000 charge by supplier on material D. And A ltd have to pay excise duty rs.8000 on material E. so 5000 less 8000 = 3000 tax liability have to pay by company?
3. Whether A ltd in addition of excise duty have to pay CST, if it sale goods to outside state i.e. inter sales. & if so than excise duty input and excise duty output with CST can set off?
4. Whether A ltd in addition of excise duty have to pay VAT, if it sale goods within the state i.e. intra sales?
5. If A ltd. of Delhi purchase raw material D from trader (Gujarat) for producing material E. while trader( Gujarat) purchase raw material D from B ltd( Punjab) on which it paid input excise duty rs 5000. Now trader (Gujarat) charge rs 9000 (rs 5000 excise duty paid by him to B ltd. & rs 4000 CST) from A ltd. And A ltd have to pay excise duty of material E rs 18000. Whether A ltd can claim CENVAT credit as 9000 less 18000 = 9000 tax liability?
6. A ltd sales material D to trader F & charge rs.8000 excise duty. Now if trader F sales goods to trader G of Bangalore (inter sales) & charge CST rs 10000 than. Whether trader F can claim credit as 8000 less 10000 = 2000 tax liability?
Dear sir/madam now you can imagine the nature of my doubt which relates to CENVAT (excise duty) & CST imposition and credit claim.
I am referring indirect tax book of author V.S. datey.
Please explain the above doubts.
Mr.X Had Registered Voluntarily even invoice value of Coaching services not Exceeded Rs.10,00,000. The Services provided for F.Y.2013-14 are for Rs.8,00,000 only. He has not Yet exceeded Rs.9,00,000 from the date of registration.
Is it Mandetory to pay service tax in case of services provided are less than Rs.900000 in case of Voluntary Registration? whether Mr.X has to pay service tax as per ST rates or to File Nil Return?
Please Answer Me?
SIR, IF YOU DESIRE TO UNDERGO CA INDUSTRIAL TRAINING IN THE 3RD YEAR OF ARTICLESHIP, SHOULD YOU CHOOSE AN APPROVED COMPANY IN YOUR OWN REGION OR ONE CAN UNDERGO INDUSTRIAL TRAINING ANYWHERE ACROSS THE COUNTRY/ABROAD. THANK YOU FOR YOUR REPLYING
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Dispute