S.Satya
19 April 2013 at 11:33

Attract vat on sale of vehicles

Dear experts,

I Have one Doubt in VAT.

We are a Company 4 no's Tippers Purchased in the year of 2009 In AP Only .Now we are proposing to sale that vehicles with in AP, at the time of purchase we are not taken in put.


what my question is At the time of sale VAT is Applicable or not ,If Applicable what is the rate of Tax.

Please Help me in this Doubt


CMA. CS. Sanjay Gupta
19 April 2013 at 11:31

Filing of form 8 and form 17

Dear Experts

My question is
"If 70 days has expired from the date of Creation or Modification or Satisfaction of charges and the respective form has not been filed then what are the options available?"

Regards


Priya Jain
19 April 2013 at 11:29

Long term capital gain u/s 54

I have a doubt with respect to the capital gain arising on sale of house u/s 54.
Suppose if the house being sold is in the name of parents. The new house being purchased is in the name of children. If the capital gain arising from the sale of house which is in the name of parents is invested in the new house being purchased in the name of children, would the same be taxable in the hands of parents.

The below recent news says that the assessee's definition should be wide enough to cover its legal heirs.
http://www.business-standard.com/article/pf/capital-gains-tax-exemption-for-joint-property-also-113020901091_1.html
Also in few cases it was held that in case of spouse the above situation is exempted u/s 54. Does the same applicable in case of parents and children?.

Kindly help in the matter.

Thanks and Regards,
Priya Jain



Anonymous
19 April 2013 at 11:27

Airtcle register doubt

Respected Expert. i am Vignesh
I registered IPCC under direct scheme in 1st feb 2013. i completed orientation in 1st week of march but still ITT class does not call it..
Can i register ARTICLE now itself or i want to wait still completion of ITT? pls send the
answer through vigneshskth@gmail.com


Mantu Agarwal
19 April 2013 at 11:27

Registration

Dear Expert,
I am registered under the category of Service of
A. Business Auxiliary Services
B. Transport of goods by Road

I am the Service recipient of Security Agency thats why I have to pay 75% tax.

Whether I Have to add the service of Security agency in my Reg Cerft.

Pls reply


kunal
19 April 2013 at 11:23

Exemption u/s 54

if assessee owns 2 residential house and sold 1 out of his 2 houses then can he claim exemption u/s 54/54f for purchase of another residential house????

please reply

thanks in advance



Anonymous
19 April 2013 at 11:16

Bad debt

Dear Experts,

What kind of documentary evidence can be arranged for in support of BAd Debts?

In case of foreclosure of loan,should the amount settled be adjusted against the accrued interest first and then against the principal?

Regards,


Abhilash
19 April 2013 at 11:13

Tds payment

Sir/Madam

The TDS amount related to the month of March paid in the month of April, belongs to which quarter? (previous or preceding year)



Anonymous
19 April 2013 at 11:07

Lic primium

Dear Sir,

Pl. Sole my some confusion

1) Husband Paid Lic Premium behalf of Wife (Housewife) Policy, so can Husband Claim under 80 C.

2)Husband Paid LIC Premium for his child (minor) , So Can husband Claim Under 80.C



Anonymous
19 April 2013 at 10:37

Resubmission of form1

Hi Friends,

I have been asked to resubmit the E-form1 after correcting some minor errors. However, there is one error mentioned which i am not able to understand. The error read as follows:

"Proposed co may ask to delete architecture word MOA"

Please guide me what does this means and how to correct this error.

Also please guide as to how many resubmissions are allowed for filing form 1 of a public company with 5 lacs authorized capital





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