Sir,
Please tell me , may a director pay income tax on behalf of company and what will be the treatment of the same in books of company . will it be reimbursed by company to director .

Hi. is service tax paid on sale or purchase of shares an allowable expenditure while computing capital gains.

Pls note that we are having manufacturing unit at Sangareddy, Hyderabad and starting manufacturing activity from 20th December 2012 and purchasing Building material, Electrical equipment, Plant and Machinery, utility, spare parts, etc under VAT & CST

Purchases are;
CST @ full tax
Against C-Form,
Against VAT

Now query is;
1. Against VAT Building and construction material can we take VAT credit as Input VAT
2. Against VAT Plant and Machinery and utility, spare parts, accessories, can we take VAT credit as Input VAT
3. After start our commercial production, stores & spare purchase under VAT, credit can be taken or not.
If yes what is the procedure.

Further query, while filing the online CST return, where to furnish the details for total purchase against CST with full tax or against C- Form or whatever.

Do i Need to pay any more fee to mca, if my share value is 100/- instead of 10/-

Hello dears


I want to know how i will get password of my vat/CST registration , please send me the procedure of reset password.

Thanks and regards
Dinesh

GOOD AFTERNOON TO ALL EXPERTS,
I WANT TO ASK YOU ABOUT CALCULATION OF AGRICULTURE TAX.
HARE IS AN EXAMPLE PLZ TOLD ME THAT THIS CALCULATION IS RIGHT OR WRONG.
An assesse has his total income of Rs.220000 and agricultural income is Rs.300000.We know tax rate upto 500000 is 10% and upto 800000 is 20%. Now total income for tax purpose is Total income + agricultural income = 220000+300000 = 520000.
Now compute tax on it according to the above tax rates. is Rs.34000.Now computation of agricultural income tax exemption. It would be computed on(basic exemption limit + agricultural income) = 200000 + 300000 = 500000.
. Now compute tax on it according to the above tax rates is Rs.30000

Now deduct the agricultural income tax exemption from the income tax on total computed = actual tax - agricultural tax exemption = 34000 - 30000 = 4000
4000*10.3/100=412
4000+412=4412

MY QUERY STARTED NOW.
WHAT WILL MY TOTAL TAX LIABLITY . SHOULD IT 4412 OR 2060(2000*10.3/100=2060)

Respected Sir/Madam,
I have a query relating to capital and its advance tax provisions.

I have inherited a property from my father by succession(as per will), which was originally purchased in 1960. I entered into an sales agreement and received Rs. 80 Lakhs as Advance. So please tell the Tax provisions mainly advance tax liabilty in following 2 cases:
1. If sales deed is executed in March 2013
2. If sales deed is exwcuted in April 2013

pls tell me the maximum limit of whole time director of a pvt. ltd company

ANY ONE PROVIDE ME ADVANCE TAX CALCULATION FORMAT IN EXCEL SHEET.

I have inherited a property from my father by succession(as per will), which was originally purchased in 1960. I entered into an sales agreement and received Rs. 80 Lakhs as Advance. So please tell the Tax provisions mainly advance tax liabilty in following 2 cases:
1. If sales deed is executed in March 2013
2. If sales deed is exwcuted in April 2013