Asseessee sold the office premises. How the LTCG tax is payable. Whether 10% on capital gain or 20% after considering CII.
For eg
1) Sales Price is Rs 1 Lac. Purchase price is Rs 25000/-. Capital Gain Rs 75000/- Then 10% is Rs 7500/-
2) After considering Cost of Acquisition. ie Cost considering CII is Rs 40000/-. Capital gain is Rs 60000/-. 20% thereof is Rs 12000/-
3) Whether 7500/- or 12000/- is payable

We have purchased few products against which we have paid VAT @ 14.5%. This product is being used to provide taxable output service.

Can we avail the credit of Input VAT paid against the same from the Output VAT payable by us?

Whether any notification is there for exepmtion of Chartered Accountants from payment of profession tax in first three year's of practice? I am practicing in Maharashtra

Is website development an intangible asset?

Dear Sir,

One of our customer whom we supplied the material on CT-1 Bond, ARE-1 and Form H basis. Supply under Merchant Export.

As per rule we have to submit PROOF OF EXPORT to their respective department with in 180 days period. But our customer said that his Bank LC is 180 days so he couldn't get BRC before 180 days so he can't provide PROOF OF EXPORT in above said period. Than he provided us Bill of lading and Original Form H.
But after 180 days and 60 days more but he is not position to provide PROOF OF EXPORT so my query is:-

As per rule 4.1.2
1) As per Central Excise Manual , In the case of Export Merchant Exporter the document prescribed by the sales tax department will be accepted as a PROOF OF EXPORT, Is Form "H" is acceptable as PROOF OF EXPORT.
Because Range office says that Form "H" is not sufficient documents as a Proof Of Export .
Is FORM "H" is enough as a PROOF OF EXPORT for Central Excise Authority ?

2) If our customer is failed to submit Proof Of Export to us than whom is liable to pay CT-1 Bond amount with Penalty.
Are we liable to pay ? or our customer ( Merchant Exporter )will pay ? and Whom Show cause notice to be issued ?

What steps we can take further to issuing Proof Of Export.

Please advice on above issue.

Thanks in Advance.

Achint Porwal

+91-9425195253

dear sir,

I have a interstate purchase of raw material the seller is paying the feright on our hehalf along with the ST on the feright. are we eligible for the st modvat? or only we have to pay the feright and not availe the Service tax modvat?

Sir,I am ca Final Student.And my Final attempt is nov14. But till now I have not started any subject class.Nd the timing of all the batches of different subjects are clashing with each other.Say SFM batch of Aaditya Jain sir is going to start from 2 sep Regular morning batch.. but Along with this Idt Batch of Rajkumar Sir is also going to start in oct 1st week regular morning batch..so plzz guide us dt how should we plan our classes.. Seeking For Ur Guidence.

I have small query.

Can a xyz employee claim HRA
Under Allowance
1) HRA

2)XYZ declares income from house property for one house only.

3) Can he claim "Interest on Housing loan" which is below 25 lakhs.

4) Claiming Under Sec 80C (Max 1,00,000)
Part payment of housing loan 50% above amount as principal payment of housing loan.

Can XYZ employee claim all 1,2,3 & 4 Points from his income from salaries as he declares to employer.

Regards

PLZ GUIDE ME ON THE PROCEDURE TO BE ADOPTED FOR CHANGE IN DESIGNATION OF DIRECTOR TO MD IN A PRIVATE COMPANY.

HE WAS A MD IN ONE OF OUR OTHER COMPANY IN WHICH I HAVE TO CHANGE HIS DESIGNATION TO NON EXECUTIVE DIRECTOR.

SECONDLY I WANT TO MAKE HIM MD IN OTHER COMPANY WHERE IS IS ALREADY A NON EXECUTIVE DIRECTOR AND PAY HIM REMUNERATION/SALARY FROM THAT COMPANY.

PLEASE GUIDE

REGARDS,

ABHIJIT

We have paid service tax on purchase value of office property. Whether this service tax paid can be set off / credit availed against service tax liability from professional income?