Is there any exemtion from cutoms duty on plant and machneries imported by a Hospital whose 10% of the beds are for charitable purposes??If yes please tell the cirular or notification number etc. OR There is any other exemption for hospitals??

if UP VAT has specified any form of audit report etc. for the VAT audit

can anyone provide me some basic information on industrial training?

Hi Folks
I am a Cost accountant with M.com having sound knowledge in computers, accounting and taxation. I am now teaching for MBAs. I want to get some practical exposures during my free time which will help as a value addition to me and I can use these inputs to make my students ready to meet industry demand. Please let me know whether I can work with any CAs or CWAs on their projects.
Thanks and regards
Latha Ramesh.

Sir,
Whether OMS purchase of capital asset is to be considered for calculating the limit of turnover of purchase for VAT audit. The Sale turnover is less than 40 lakhs. However the turnover of purchase is more than Rs 40 lakhs due to purchase of OMS capital asset (excavator). Please give your valuable opinion.

Kind Regards
Uday Bathia

I need suggestions regarding drafting of salary structure to minimise tax liability i.e. an employee-friendly salary structure. Gross salary varies from 8-20 lacs per annum.

Please give your suggestions.

I would like to know whether "Electrification of assembly hall" is a taxable transaction under MVAT. Would it be considered to be a works contract? Sale of electricity is not considered to be a sale under CST ? Is there any similar provision in case of VAT ? PL reply urgently.

An individual owns 30 cents of agriculturakl land situated outside notified area-but he does not have proof to show that the land is agricultural - at the same time he has added agricultural income for rate purposes for the last 5 or 6 years
Now the question is whether he will have to pay tax if he transfers possession of this land to a builder for construction under a joint development agreement -
What is your answer to the above?
Alternatively if he converts the property into stock in trade and offers it for a Joint Development , he can delay payment of tax without interest till he sells it in full or in part . If he selle only a part of this he'll pay only proportionate tax - otherwise full tax-in this case he will be required to pay tax on business income as well in the year of sale.
Which alternative is better for him ? Or is there any better tax planning?

Assessee withdraw merely 20000.00 for house hold expenses and he lives in lower-middle level of town with moderate living standards, he has 4 members in his family, all are dependent on him, he has paid 100000.00 on LIP for his life,in the assessment proceedings AO added 40000.00 as u/s 69A. without narrated any reason or finding.

MY QUERY:
1.Whether AO has rightly added an adhoc addition on HHE merely on the basis of number family members.
2. Is there any case to get the relief.

Please send me note on servicetax ,
it's applicability,tax rates, ammendments etc.