can i get set off of VAT on purchase of office equipment,printing & stationery,plant & machinery??

Uk employee is deputed to india for 120 days (status Non Resident). In UK he has been issued NT Code hence his salary is not taxable in UK.

As per IT Act this salary is deemed to accrue or arise in India, hence Taxable in India.

However, As per DTAA since he has not stayed in india more than 182 days, his salary can not be taxed in India,it may be taxable in India.

Beneficial to assessee is DTAA hence in India it is not taxable.

To summarise his salary income is not taxable in both country.

Is this view correct or I am missing any other provision which makes it taxable in India.

We have incorporated o Joint Venture Company in which 50% shareholder is a Indian Company and 50% shareholder is a German Company. Both the companies has appointed 2-2 directors from their sides without qualifying shares. It means two directors are of Indian origin and balance two directors are of Foreign origin.

As per the provisions of Sec 184 of the New Companies Act, every director shall disclose his interest or concern in the form MBP-1.

Now we have following queries related the disclosure of interest or concern of German directors as below:

(1) Is it necessary to file the MBP-1 for the German Director?
(2) If the answer of the above is yes, then is it necessary to disclose the interest by German Director in the overseas concerns or disclosure of interest only in Indian concern is sufficient.

Further we also want to know that is it compulsory to file MBP-1 for Independent director without shareholding.

Please reply the same with supporting of section or rules of New Companies Act.

During the FY 2013-14, i have paid Rs XXX (from self) and Rs YYY (using home loan) as 2 installments to the builder for purchase of flat. Estimated completion date of house is Aug 2014. Can i claim deduction u/s 80C for Rs XXX and the principal portion of EMI paid for Rs YYY borrowed from housing loan company?

Are there any other tax saving options in the above case?

Thanks
Satyendra

sir, we have received an demant notice for the year 12-13 and we have deposited the same with the department. now we are finalising the b/s for the yr ended 13-14. i want to know how to make accounting enteries & show this in p&l a/c or b/s. assessee is private ltd company

A person is working in ships in outside the territory of India for more than 182 days but under two employers. One of the employer has deducted TDS from salary because the period of his employment with it is not exceeding 182 days.

In this case one has to file return to claim refund. Then the issue is

How to claim exemption of Salary Income in the return form.

Which section is to be quoted to show that the Gross Salary is not taxable.

my friend is doing share trading. he buys share for one to two month and then sell. and its salary income and share trading income is below 2.00 laks.

it is compulsory to file income tax return. or not ?

we have taken advance license for export, now we don't want to export material under advance license, we surrendered advance license to the department, now please tell me how to take credit of duty of that material which we purchased against advance license, and which documents needed to take credit of duty? because in bill of entry of that material its shown as against advance license.

pls. suggest me ASAP.

thanks.

Applicability of Service Tax in Housekeeping service including Material.
House keeping invoice Rs. 1,27,860/-(including material)for per Month
service provider is individual category.
service receiver is company
Query is
1. Whether RCM is applicable in this case?
2. OR its come under supply of manpower service category.

please advice with illustration please
warm regards
Nitin Salunke
FCI, Manager (fin)

Hi Everyone can you please suggest me about claiming Input Tax Credit of A.C. & Computer used in the Office. My Company is operating in the Mfg. as well as Trading activity. If my Co. is eligible then How Much amount can be claimed(Any Reduction etc.).
Please give your answer from Maharashtra VAT view point.