CA RAHUL
30 December 2007 at 15:37

coching in chandigarh, delhi

can any boby tell me address of some of the good coching centers in chandigarh and delhi


Sunil Rathod

Supplier is outside india for supply of casting to us in india. we need to pay cost of pattern for casting supplied to us since it is manufactured for us as per our design. can we make payment of pattern ? pattern will remain with the casting supplier outside india,what will be the base for payment,since we are not receiving the pattern to india we do not have bill of entry as a proof of receipt of goods?


Sunil Rathod

Supplier is outside india for supply of casting to us in india. we need to pay cost of pattern for casting supplied to us since it is manufactured for us as per our design. can we make payment of pattern ? pattern will remain with the casting supplier outside india,what will be the base for payment,since we are not receiving the pattern to india we do not have bill of entry as a proof of receipt of goods?


Prateek Biyani
30 December 2007 at 11:59

Share Warrants

what do you mean by share warrants ? Explain in lucid manner.


G.SUNILKUMAR
30 December 2007 at 11:05

life insurance

What is the exact meaning of the explanation to sec 80C(3)with regard to actual capital sum assured. It will be appreciatable if explained through some arithmatic figures


G.SUNILKUMAR
30 December 2007 at 11:00

life insurance

Please refer sec.10(10D)(c) wherein it is stated that any sum recd from insurance policy is taxable. My doubt is whether can we exclude the amount of premium paid from the maturity proceeds for taxing purpose.


Vinod

Would like to know whether Service Tax or and any other formalities are needed for operating a guest house with food facility.

It will have only 4 to 5 bedrooms fully furnished independent house on rent.

pls clarify.


vikas agarwal
30 December 2007 at 07:27

under UPVAT ACT Invoice?

sir,
kindly answer my following qureies realeated to the UPVAT Act.
1. are the chalan/transfer memo is erased for the every transaction even through TAX/SALES Invoices, Bill/Cashmemo/ Purchase Invoices.
2. Can we charged VAT from Purchaser seperatly in ever Invoices i.e. TAX/SALES Invoices, Bill/Cashmemo under the UPVAT Act.
3. I have purchased footwear ( tax@ 12.5% from unregistred dealer of Rs. 100000.
Now I Sold the same of Rs. 120000.
I paid the tax on purchase from U/R dealer of Rs. 12500. and VAT on sale is Rs. 15000.
So the As per Sec 15(1)
NET TAX PAYABLE=GTP-AITC
GTP (Gross TAX Payable)is Tax Payable on purchase from U/R dealer PLUS VAT on sale is Rs. 15000 i.e. 27500=00
Addmissle ITC for the periodis 12500=00
NET TAX PAYABLE=27500-12500=15000=00
My submmission is that IS IT A DOUBLE TAXATION? YES OR NO and Why?





vikas agarwal
30 December 2007 at 07:27

under UPVAT ACT Invoice?

sir,
kindly answer my following qureies realeated to the UPVAT Act.
1. are the chalan/transfer memo is erased for the every transaction even through TAX/SALES Invoices, Bill/Cashmemo/ Purchase Invoices.
2. Can we charged VAT from Purchaser seperatly in ever Invoices i.e. TAX/SALES Invoices, Bill/Cashmemo under the UPVAT Act.
3. I have purchased footwear ( tax@ 12.5% from unregistred dealer of Rs. 100000.
Now I Sold the same of Rs. 120000.
I paid the tax on purchase from U/R dealer of Rs. 12500. and VAT on sale is Rs. 15000.
So the As per Sec 15(1)
NET TAX PAYABLE=GTP-AITC
GTP (Gross TAX Payable)is Tax Payable on purchase from U/R dealer PLUS VAT on sale is Rs. 15000 i.e. 27500=00
Addmissle ITC for the periodis 12500=00
NET TAX PAYABLE=27500-12500=15000=00
My submmission is that IS IT A DOUBLE TAXATION? YES OR NO and Why?






tushar
29 December 2007 at 22:09

status of cc papers

hey hi............
will anyone please tell me how to check the status of CC test papers submitted????
cheers






CCI Pro



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