Dear Sirs

We have utilized the cenvat credit of input services paid. This cenvat is pertaining to April to September of 2012 i.e. 1st and 2nd Qtr of 2012-13. We have used this credit to payoff the excise duty payable by us. This utilization was shown in ER-2 return for April 2013 i.e. in Q1 of 2013-14.

My doubt is where should I show this utilization in ST-3 service tax return. Should I show it in ST-3 of Q2 of 2012-13 or in Q1 of 2013-14 i.e. in sync with ER-2?

Please clarify.

My client is an indian software co. expoting software and providing IT solutions abroad. Whether the Co. can accept payment in foreign currency through online mode. Are there any FEMA restrictions on this.?

My client is an bank employee in Mumbai.
He has been residing at a flat provided by
his employer.i.e.Bank.The bank has been deducting Rs.80,000/- towards rent for accomodation from his salary.Again Rs.7,50,337/ is added to his gross salary as value of perquisites u/s.17(2)
My question is can he claim HRA Deduction in this case.

I actually got 193 in 2nd group and failed in aggregate. Cleared 1st group already. Does any body tell me that there is any chance of getting pass if I apply for verification

I have got an exemption in Information System Control & Audit in Nov 2011 attempt.as per my knowledge it's available till next three attempts i.e. up to May 13. Is it correct or not????

i didnt passed my second grup in may 13 exams but i was confident to pass. i got 37 in isca and in rest sub i passed. the group total is 187. should i go for recheck in all the 4 subjects??
and moreover in verification letter to the secretary of icai where to mention group attempted and address if sending the letter online??

i didnt passed my second grup in may 13 exams but i was confident to pass. i got 37 in isca and in rest sub i passed. the group total is 187. should i go for recheck in all the 4 subjects??
and moreover in verification letter to the secretary of icai where to mention group attempted and address if sending the letter online??

Hi all,

I am a central government employee with annual income just above 10 lacs(no other source of income) and last year missed to file the return.Pls guide me whether i need to file returns for the current and the previous year separately?
and which forms to be used?

Thankyou

Hello everyone,

Can someone please highlight the different approach adopted by OECD and Indian tax law with regard to the definition of intangibles from transfer pricing perspective.

Thanks

How to compute tax liability in the following scenario

In 2012 Sale of a piece of land with 2 buildings, inherited from deceased father in 2010.

Sale done for land and buildings together.

Father had acquired the land in 1970 as gift.
fair value market price of land in 1981 - Not known
Fair value market price of land in 2000 = A
Fair value market price of land in 2003 = B

1st building constructed in 1976. cost = X
2nd building constructed in 1996. cost = Y

Specific queries -
1. Is it possible to estimate fair value market price for 1981 from the values in 2000 and 2003?

2. Will it be right to calculate the indexed price for year 2012 from the values of 2000 or 2003 in case the value of 1981 is not known?

3. For the total cost of acquisition is it okay to calculate indexed cost of property 2012 as calculated from (2) above plus indexed cost of improvement (Improvement as indexed cost of construction of the two buildings)

4. If the long term capital gain thus calculated comes negative, and this negative amount is more than the income from his annual salary, then can the person claim for a refund for the TDS deducted as per his salary?