My Client have filed his ITR on 30.09.2008 for the AY 2008-2009 my question is now he is in receipt of Notice u/s 143(2) & 142, whether it is valid notice or not. in view of new circular regarding Selection of Cases for Scrutiny. Please sugest me
Thank you
Zafarulla khan

A client is providing both taxable and export services. As per notification No. 10/2008 cenvat is being claimed on proportionate basis.

My query is that the client have substantial amount of input credit brought forward from previous year, can that be claimed in this year with regard to the notification as there is no clarification regarding the same? If not claiming the amount, what is the other alternative?

Pls provide the material through which I can substantiate the same to the client.

I need to know urgently.

Pls let me know ASAP.

Thanks.

Dear Sir,

We have one factory in Jammu. For production @ Jammu we forwarding the Imported material from Chennai port through Concor. for clearing this materials Clearing agents charging us service Tax. In this case the service is rendered in Chennai for the production of Jammu factory.

Here Service tax is applicable or not.

Please clarify.

With regards,
Sathis.

can anyone explain about wealth tax?

i want to know that if a party is purchased land and constructed flat on these through a contractor and after that sold the flat to individuals. will there be any vat and service tax liability.
what will the case if he himself constructed the flat .

Some equity shares warrants to be converted into equity but could not converted so cancellation of these warrants would be treated as capital transaction or revenue transaction and applicability of AS 5

Mr. A (director), mr.B (employee-Regional mgr - Salary Rs.15Lacs P.A), Mr.C (employee - Quality control head Salary Rs.12Lacs P.A) all are brothers whether section 314 attracted if yes what are the compliances & escape route if any

i am filing the return of tds of one of my party,,,my query is

the client has wrongly deposited the tds of 317 against one of their party in feb-2009, now in march the make the reverse entry,,so their total libility pay for the month of march is deducted by 317. so how could i adjust this amount in the quarter iv in the software called etds in which i feed the data.

What is Grossing up of TDS & what are the circumstances under which Gross up of TDS needs to be done.

Dear Sir,
I would like to know that I pay advance payment against transportation exp but expence booked in next F.Y (09-10), i not deducted TDS on payment time because expence not raise and due to this there is no problem of disallow of expence, so it is correct or not?