Dear member

hi
i want to know the procedure of conversion warrants in equity and what type of formalities should be done before that. please help me.

Meenu

we are manufactura exporter
we need to send some sample of the product to the domestic party
wht procedure we have to follow to send the samples
have we to pay the excise duty and cst
or these samples can be send free of cost or on which paper these samples can be send

kindly advice

Hello friends
I am totally confused over law of stay of demand.Please help me in my following queries:-

1)If an assessee has taken stay of demand and files his appeal sai in CIT(A) and further loses the appeal then at what time period he has to pay demand.within 30 days of fresh demand notice or next day on which appeal is decided and in this case if he doesnt pay then from when he will be deemed as assessee in default?Will he be deemed as assessee in default during period of stay or not?

2)If he has not taken stay of demand and further wins the case will he be treated as assessee in default?

please please help

Dear Friends,

If We are maintaining books of account on accural basis(Income & Expenditure), then how will we can identify our service tax liability, bcz S.T. liability due only on the the receipt of bill basis.

Please suggest to me.

Thank & regards !!

In one of my company we have three premises and for each of them we get franchise receipt Per month as per contract

Averge Franchise receipt of each of the them individually is below Rs. 10 lacs but in total it is around 25 lacs.

Since we are receiving franchise receipt do we have to pay service tax

Is service tax applicable on Franchise receipts.

What would happen if we would have received rent instead of franchise receipt

Interest paid on loan taken for purchase, construction, repairs, renewals or reconstruction of a house property will qualify for deduction under Section 24 in computing the income from house property. Distinction is not made between loans taken from a HFC and from others, including friends and relatives. Interest paid to friends and relatives on the loan taken for acquiring the flat claimed as a deduction. ABD is son of EFG. Father gave a loan to son for purchase house on usual terms.(through bank a/c transactions Subsequently, son(ABD) has given loan to father for purchase of house (in the same year) on having different tenures,terms & interest rates. Father & Son are privately emplyed.Since Job market is volite now a days, either/both can securitise the loan/interest among other friends/relitives for liquidity-if need be-, without foregoing tax deduction on home loan interest.Are the transaction OK from Income tax angle? If yes, elabarate prcedure & precautions.

Hello,

CAN SHORT TERM CAPITAL GAIN(WITHOUT STT) BE SET OFF WITH SHORT TERM CAPITAL LOSS(WITH STT).
STCG(WITHOUT STT) IS CHARGED AT 30%
STCG(WITH STT) IS CHARGED AT 15%

REGARDS

Respected Members, Plese give your opinion :
A Partnership Firm is dissolved during the FY 2008-2009. What types of documents, I have to submit with Firm’s Income Tax Return for the AY 2009-2010.
Is it required to enclose the Dissolution of Partnership Deed with the ITR ?

Can anyone please give me a distinction between Company and Limited Liability Partnership? Please help.

AO has treated the loans as unexplained cash credit.
The assessee has received the loans through banking channels. The assessee has requested the lenders to submit the bank statements & confirmation letters and the same has been submitted during appeal proceedings.
To prove the guineness of the loans the department wants to prove the identity of the lenders but the lenders are not attending.
In such situations What will be your advise? and give us any case laws in this regards.

I know that The onus of proving the genuineness of the transaction is on the assessee. But i have sent them letters to attend & they had replied that they would attend but they didn't
,so why i should be punished for it
The assessee would do his business or do all this things.