Anonymous
19 August 2013 at 10:57

About bin no

If tds deducted thruogh BIN what are the consequences for that.How we have to file TDS return.If return is not filedd for that,caan i see the Tax creddit in 26AS.Please resolve this.



Anonymous
19 August 2013 at 10:43

Sole proprietor registration

Can some one please tell me where to register sole proprietorship in karnataka, bangalore. Is it to be registered under indian registration act 1908, or under shops and establishments act or with registrar of firms or with labour commissioner. I know that sole prop regn is not compulsory but still to avail the benefits I need registration. Please help me with this



Anonymous
19 August 2013 at 10:41

Cenvat credit

If seller is not registered with Excise Dept can buyer claim Cenvat credit


Sandeep Kumar
19 August 2013 at 10:38

Tds

sir, a service provider raise the bill with service tax. please suggest me on which amount we shall deduct the TDS on gross amount or without service tax amount..


VIPUL
19 August 2013 at 10:29

Vat on sale& purchase of car

Reg: Mumbai - Maharashtra-VAT

Our client is a Pharma-Pvt. Ltd.Co.
they have sold motorcar & has charged VAT
to buyer,so they will have to pay this
collected VAT to dept
but in the same year they also have purchased a new car on which they have paid
VAT as also Entry Tax on this car
can we claim set off of this payments
from vat collected on car sale
Please guide
Thanks


JAYAKUMAR.M.G
19 August 2013 at 10:25

Tds credit not available in form 26as

Sir
Inrespect of a Govt Employee whose Tax was deducted and remitted by eployer, but not filed TDS retiurn, the employee e filed his return and now an intimation u/s 143 issued by CPC demading the entire tax payable.In such a case what is the remdy available to the Employee.



Anonymous
19 August 2013 at 10:20

Accounting for captive consumption

Experts,

Please suggest me regarding accounting treatment(also presentation in Revised Schedule VI) in the following scenario:

Let us say there are 2 units-A & B.

Unit A has transferred its FG to unit B for its captive consumption through excise invoice.



Anonymous
19 August 2013 at 10:05

Borrowing power

Dear Experts
My query is that while calculating that loans are within the Borrowing Power of the Company whether the Loans Sanctioned is taken or actually availed.

Means if Company has fixed limit to Borrow upto Rs.500/- crore in the General Meeting then can it have loans of Rs.700/- crore sanctioned

Kindly advice


shamkant
19 August 2013 at 09:47

Sec 44ad

I am labour contractor providing labours to companies. Whether sec 44AD is appicable to me or not pls guide. & if the turnover is more than 1 cr tax auidt is compulsory or not pls guide



Anonymous

Dear Sir, I have purchased Flat in Sep 2009 and paid 80% of cost Rs 22.5 Lakhs got its possession Jan 2012 in 30 Lakhs(with registration), I have sold this Flat in 43 lakhs in Apr 2013 with final deed executed on 16 Apr 2013 but registered agreement of sale was done in Jan 2013, All payments were transfered in my account btn Nov 2012 till 27 Feb 2013. Only the possession and keys were handed over to the purchaser on 16 Apr 2013 with the execution of registered final deed. I and my wife were the owner of Flat & this was the only property on our name.
Since I was not aware of STCG Tax, I purchased another Flat in 44 Lakhs using all our funds receieved from my previous sale. Now we own this Flat and reside in it. I have submitted ITR 2012-13 as showing only income of my salary. I thought I will mention in year 2023-14 IT return because final deed is executed in Apr 2013. Also I have not consulted any advisor and considered that I can use my funds for another Flat purchase. Please advise what should I do, I M not in position to pay such a huge tax as I have renovated my house. We have only this property on our name.
Share of property btn both is not mentioned any where in agreement. On what basis we can share this capital gain and file seperate returns. She is a house wife and amount transferred in our joint account was 17 Laks.
Please advise//






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