Dear Experts

During Diwali if Samsung company offers a free music system with a 4K television, then will it be considered a composite supply or mixed supply or none.

And how are u going to tax music system as in GST consideration is not required to tax it if it is covered under schedule 1.
will free supply of music system covered under serial no.2 of schedule 1?

another example is that earphones come natural supplied with mobile so it is composite supply but what if the Samsung company offer headphones with mobile which no other mobile manufacturer is supplying?

regards
shivani

Sir,

Please give expert opinion about the effects or applicabality due to amendment ( 2015) in section 269 SS of the I. Tax Act regarding sales consideration of immoveable property. However, it is crystal clear that it prohibts the acceptance of cash advance in property dealings . My question is whether it is applicable for the SALES CONSIDERATION passed at the time of final deal or execution of sale deed of immoveable property.

However , some of the professionals are in the opinion that it is also applicable upon the sales consideration due to the word "otherwise" subsituted alongwith advance in the amended section 269 SS, but in the budget speach of 2015, the F.M Mr Arun Jaitley clearly stated that he is proposing amendment in section 269 SS only to stop advances in cash in property dealings and he didn't mention regarding sales consideration.

What I understand that word " otherwise" was subsituted just for advance amount received in cash by any other name like Security Money, Earnest Money or Biana just for the proper implementation of section 269 SS , not for prohibition of Sales Consideration of immoveable assets recieved in cash at the time of transfer of property .

Expert opinion is required in this query and I think clarification from CBDT is also very much required .

A payment made to an insurance broker by an insurance company in SEZ , without deducting tds. The reason TDS was not deducted under section 195H by the insurance company is that the broker is exempt from paying income tax as it is situated in SEZ. Is it valid or the broker should get the"nil deduction certificate" from department so that tax is not deducted at the source ?

When shall we use average capital employed in valuation of Goodwill by super profit method?
There are some questions in practice manual solved by calculating average capital employed while some are solved using closing capital employed.

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If i give the service to my uncle and uncle give me the costly watch which was with them atleast 10 years then should the service tax was payable on watch ????

Hi Sir/MadamIn our company one person working as consultant,his pay is 30,000/-permonth.should we need to deduct TDS.Can he claim any deductions he is not doing any other job at present other than in our company.please advise. Thanks

Wages or salary paid in cash to various Labour or staff above 2 lac in a week, then fall under 269ST section....

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