Why Fringe Benefit Tax Abolished...???

I HAVE FILED A RETURN OF MY ASSESSEE WHO ALREADY GOT ASSESSMENT ORDER FROM CPC. NOW DUE TO SOME EXTRA INFORMATION IN 26AS I WANT TO REVISE IT. CAN I REVISE HIS RETURN OF INCOME AGAIN FOR THE A/Y 2011-12 NOW?

Hi,

Someone may please reply to my queries :

ABC Private Limited has taken Service Tax Registration on 26.12.12.

However, the company had started providing service since July 2007.

Company had made the ST payment promptly till date.

Only problem, company has not filed the ST Returns

Query

Now, should the company file Service Tax Returns from July 2007 or

what is the way out on such situation.


Ans : ..................

Thanks in advance.

Hi Sir, My Uncle age is 46, he has taken a Life Insurance Policy. Payment Term is 5 Years and Benifit term is 24 Years for 25 Lakhs Sum Assured and 3,67,259-00 per annuam for 5 yers. As per Insurance company people he will get arround 60 Lakhs in the year 2026. And they said that all Maturity Amout is TAX FREE Under 10(10D) is it correct.. ? If not how much my uncle is going to pay tax ?

Hello,

Please let me know the difference between Invoice value and FOB Value and also kindly suggest me which value should i take in Monthly sales returns for filing purpose.

Thanks..

Hi ,

My client is a dealer of stationeries , Now they are buying papers from others and giving it to third person for designing , He designs and send it back as planners. Will this amount to Manufacture for my client ?

Designing from third parties will it be jib work ?

Pls clarify ,

Sir,
I have a Car.
Book Value of this car is Rs.250860 as on 01/04/2012.
I purchased new car for Rs.1043722 on 21/11/2012 & Sold old car for Rs.150000 on 11/12/2012.
Sold value of Old car is including Vat i.e. net sale amount Rs.13333 + vat@12.5% Rs.16667
I am confused about depreciation.
How much Depreciation can be taken in this case?
How much amount should be credit to car account?
Please reply.
Thanks.

HI to all i have a gold costing rs. 255000
which i want to sale right now which i got as a gift from my family is it is taxable if now i will sale it

RAGHUVENDRA SINGH

sir i thought of writing a group at a time if i pass both groups in single attempts whether it could be called as passing ipcc in one attempt? i want to know detailed provisions regarding industrial training...

Dear Experts,

Sub.: Query regarding Applicability of Cost Audit.

As order given by MCA on 24th January, 2012 that every company to which Cost Accounting Rules, 2011 applicable and the aggregate value of turnover made by the company during the immediate preceding F.Y. exceeds 100 crore of rupees; shall get cost accounting records audited on or after 1st day of April, 2012 under chapter 50 to 63 i.e. for textile industry.

My query is regarding applicability of cost audit when the company has its turnover in the preceding F.Y. 2011-12 less than Rs. 100 crores (it is just because company have weak financial position in that F.Y. and unable to buy raw material on its own account and receiving only job work or processing charges for material produced on account of material supplied by others).

However’ in the financial year’s preceding to the financial year as mentioned above (i.e. 2011-12) company have its turnover more than Rs. 100 crores.

I want you please suggest me that whether Cost audit for financial year 2012-13 shall applicable to the company or not or give necessary suggestion as you think appropriate.

Regards,
Yogesh Bansal