whether the liability of service receiver under RCM is statutory or not? can he escape by the reason that he paid tax to service provider i.e, bill amount inclusve of service tax.

Some says SEc 297 of the Act is not applicable if both the parties to the contract are Public Co. in which section of the act provides this exemption or any case law is in support of this stand

also tell me a contract entered between a public ltd co and (a pvt co. which is a subsidiary of public ltd co.) deemed public co. can claim the same exemption ?

Dear Sir, Say MR A is having proprietary business & another com called X PVT LTD running its business. Proprietorship of MR A want to merge with X PVT LTD which is already existing for 1 year. So is it Taxable for Capital Gain? is there any case for reference for avoiding Capital Gain for same?

dear sir, please provide full Moa and Aoa of co providing only consultancy regarding
1)portfolio management
2)currency sale pur
3)shares sale purchase
4)security sale purchase
5)commodity sale pur
etc.
Please Note: CO is not in sale or purchase of all above it will provide only consultancy regarding this.
kindly provide this information in word format.

Thanks
Email Id: sksunilkumar139@gmail.com

We are a Propreitory firm registered under MVAT & CVAT, SHOP ACT. & Drug licence.
we are getting a new lead in which Excise is charged to us on purchase. but we are not registered for Excise. My query is,
1. What is the criteria for registration.
2. have heard upto 90 Lac turnover it is not mandatory. is it correct?
3. if above is correct, how should we bill our customer, since we r not registered to excise?
4. Can we bill our customer under MVAT.
5. of the other product, which we will be purchasing from a dealer, who is importing the product. On this import goods, since the custom is tobe paid, is Excise tobe paid?

Kindly guide me.
Thank you
Shirish.

I have two house property
- Current Residence - Owned by my Father-in-law. To be transferred thru will in my wife's name on his death
- I have bought a new property Jointly owned by me and my wife - I might not shift to the new property atleast for the next couple of years.

Can I claim deduction for interest & principal (u/s. 80c and 24)on home loan for the new property,though I am not/will not be reciding there since legally I have only one property in my name, as of now, and so treat it as my only self occupied house property? I am not claiming any HRA on the existing property where I am residing.

The address on the IT Returns will continue to be that of the property where I am staying currently. WIll this have any bearing on the claim related to the new property?

Hi all,

I have completed my B.com graduation past six years ago. now i am working as an accountant in private oil mill for the last 3 years. Due to interest of my work i would like to become a sales tax and income tax practitioner. Kindly, give a solution for my career development.

With Best Regards
S.Mahendrakumar

My attempt is due in november 2013, and i haven't started preparing yet.Moreover, given my office timings its really difficult to find time to study. i am really confused if i should appear for 1 group, or both the groups together. Your suggestion will be of great help. Thanks.

Hi, We are the trading and contracting firm dealing in interior decorators. We supply and install the flooring, false ceiling and glass partition systems based on the work order from the main contractor or directly from the clients. In the process, we purchase toughened glass from the vendors. They give us excise invoice charging excise duty on the purchase of glass. Are we eligible to claim excise duty benefit to the extent of service tax rate i.e., 12.36% and claim against the output service tax payable. For your information, we are registered as service provider under service tax act and charging service tax on the installation (service) portion to the clients. We are not registered under Excise duty act.

Above Query has raised by our C.A Member earlier, in the extend of the above question

I would like to, are we able to Adjust Excise Input Against Service Tax out put since we don't have any Excise output supply.

Awaiting your valuable reply

Is there any exemption for CS Executive studentzz who hav cleared both groups of IPCC and hav done there B.COM ??????