Dear All Experts,
My Query is as under …….
A Builder is engaged in providing service of construction of building/flats. He constructed Flats for sale to buyer. He has sales the flat including value of land and some payment received in advance. In same case service tax is applicable as “Construction Builder service”, and He has taken the abatement of 75% according the notification No. 26/2012 dated 20.06.2012. But now still I have a confusion regarding Input-Input Service-Capital Goods CENVAT credit. I have following Queries in same case :-
1. Builder can taken CANVET of Input service and capital goods along with the Abatement benefit according to which notification?
2. What is the difference between Input-Input Service and capital goods CENVAT?
3. Any specific condition/circulars for taken abatement and CENVAT for construction service.
Please clear my above doubts…

Dear Experts

Sir, i filled a income tax return of AY-2011-12 on 25-7-2011 manually. I have contract receipts of Rs.26 lacs, so i filled the return manually. But the TDS was deducted u/s 194J instead of 194C. On these basis, the income tax officer, issue me a letter saying that your return is invalid as you have filled return manually and you have also taken audit report u/s 44AB.

I gave a reply that as i do not cover under tax audit, so no audit report was taken. If you think that audit was necessary, then i gave him reply you take penalty @ 0.50% of my receipts and allow me the refund of balance amount.

In response to my reply officer issued me a notice u/s 147.
Now, what should i do.

Thanks in advance

Hi

Im not good in taxation and I have a query now.

As as company, we have purchased some servers from reputed company located with SEZ area. We have been charged for the servers along with Countervailing Duty which comes nearly 12% along with VAT 5%.

Now I just need to know if this Countervailing Duty can be claimed in any forms to save the amount since we are about to make further purchases with same company.

Kindly provide me the details

One of my Client need to start Security business.
What are the statutory compliances for setting up a new security company?
What all licences are required and where do I get these from?

One of my client is having excisable unit. He raise the Invoices in March-13. But does not despatch the goods same day for 10-15 days.
But Excise duty is paid on such invoices as on 05.04.2013.
On 08.04.2013 these invoices are cancelled and cenvat credit is taken on cancelled invoices in April 2013.
Please advice it is permissible or not.

Is this legally allowed by ICAI
take articleship at other place and actully doing for other firm??

Hello Sir.....
I have not recd. my final registration letter yet. I submitted all documents as on 27th Feb. Where to ask about this except e - sahayata??

Plz reply me as soon as possible...
Thanks in advance

Dear Sir,

this salary total CTC salary for one month is 12000.00

Basic 40% of total = 4800
HRA 50% on Basic = 2400
Conveyance = 800
Special Allowance = 2068

Total Gross =10068

PF Deduction 24% on basic = 1152
ESIC dedution on Total Salary (12000)6.5% on = 780

Total Salary (10068+1152+780) = 12000.00

Please tell me i am right or any amendment required

please reply soonnnnnnnnn

I have a confusion regarding the entry to be passed for interest receivable on fixed deposit as on the year end date ( say 31/3/13)
Please help me for the same

Sir,

We have made a mistake while paying Profession Tax for the month of Feb.13 and also while filling return for the same.

1. We have due to oversight deposited Profession Tax for Feb.13 @ Rs. 200 per employee instead of Rs. 300/-.

2. While filing the return, we have mentioned no. of employees in Jan month column instead of Feb.13 and that is the reason we did not noticed the mistake of short payment.

We have now paid the difference ot Profession Tax and interest on the same.

While filing revised return, following options are available :

1. Revised Return U/S 6 (4) (a)
2. Revised Return U/S 6 (4) (b) (i)
3. Revised Return U/S 6 (4) (b) (ii)

Request please advice which option we should choose.

Regards,

Nimesh Joshi