WE HAVE GIVEN 1ST,2ND&3RD PRIZE WITH CASH TO OUR DISTRIBUTOR FOR MOST SELLING OUR PRODUCT(THIS NOT INCENTIVE). CAN U TELL ME, FBT APPLICABLE ON THIS IF YES WHICH SECTION ?
Dear Sir,
I have had a transaction with an MNC company who have manufacturing facilities in India (registered in excise) & they also have at 7-8 manufacturing facilities across globe . They import refrigeration units from their other locations & sell as it is in India.
I had purchased a refrigeration unit with them , the bill raised by them shows basic value ,CVD & sales tax . On top of bill heading says Delivery challan Cum Retail invoice. However invoice didn't had any excise no. information.
Now I want to claim modvat & asked them for the same. They are saying that they can not pass modvat & value shown is just a build up. For information earlier while releasing PO I had not mentioned anything about Modvat .Please suggest if I can get setoff.
CAN U TELL ME SIR, SERVICE TAX APPLICABLE ON RENT ON PLANT & MACHINERY?
We intend to clear our custom duty obligations through DEPB.
Whether DEPBs are subject to VAT or CST? If yes, what are the prescriber rates?
Can VAT paid for DEPB be used as input credit?
whether expenses on ticket for auditor & other outsider like professionals ,attract FBT for company?
company debiting travellinh exp. directly.
sir
please any one can give to fill out the itr-1 and itr-2 with model and methodolgy to compute the taxable income covering all sections.
Can a major child gives house rent to his father, so that the rental income can be included in the father's total income?
Can an individual take a deduction u/s 80c of tuition fees paid of his child's full time education (amount being taken on education loan)?
Respected sir,
It's for your kind notice that I am a wholesaler of electronic items. Some of my customers directly deposits the cash in my current account exceeding Rs. 20,000/- in a day.
My question is that even this is a bank transaction but whether the AO can disallow these type of transaction?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
FBT ON PRIZE