X, A DEALER OF DOGS, SELLS DOGS (AFTER BLEEDING OR BEFORE)FOR RS.10000. (HIS ANNUAL TURNOVER OF SALE OF THAT BUSINESS IS RS.1250000/-)

IS VAT APPLICABILITY ARISE IN THIS CASE.

IF RATE OF VAT @ 12.50 THEN CALCULATE THE VAT LIABILITY.

Dear all,



We have purchased a machineries from Tamil Nadu whos branch office @ pune in mumbai.Even Our Factory is also in Tamil Nadu,The seller in tamil nadu was driceted to head office to delverid a machinary to Consignee address.& billed a seller name. after the sale ,the main seller has made a invoice & mentioned Vat also.now kindly tell us which form to issue to seller.& how to account the transactions in the books of Purchaser.



(Harishnpc@gmail.com)

I have a commercial land owened by me. Since I am in job in PSU and the land is commercial one,i can't build a commercial complex on the said land and undertake any business like letting out of the property on rent. As the land is in the mid of the city and there was possibility of encroachment leading to litigation, I authorised my elder brother with POA to carry out construction of commercial complex as per the plan. Expenses on construction was met by i) my contribution (40%), ii) my elder brother's contribution (40%) and iii) security money received from the proposed tenants (20%). Now the construction work is over and rental income is likely to be received. Since I am away from the place on my transfer and I am not supposed to undertake any business by virtue of service conditions, I want to lease out the above property to a person (on a nominal lease amount),it may be partnership firm or HUF,to whom i will authorise to hold it and to give it to others on rental basis, so that my personal tax liability do not increases and rental income become taxable in the hands of that entity.So to summerise at end i have two queries -
1. whether partnership firm can hold the immovable proprty under regulatios of partnership act?
2. Whether i can do so to avoid my tax liability, means i dont want to sell it but simply want to authorise that person by way of power of attorney?either to my elder brother who is taking care of the property or to a partnership firm which includes my brothers and my wife to get back the expenses in legitimate way.
3. Any other alternative to manage the property / rental income.

Can we rectify any information inadvertently filed incorrectLY in the online form 15CA

My company is engaged in generation of electricity which is exempt from excise duty. However we are paying duty @ 5% on the purchase of coal. I would like to know that whether we can claim refund of duty paid on inputs i.e. coal which is used for generation of exempted goods/services i.e. electricity??

hello freinds. my name is abhash maheshwari. iam in pcc. i want to know that whether transfer to articleship is available or not?
the date of transfer is 19-11-2009.i had not done any re registration in other firm for articleship.now wat can i do? please suggest me?

Is it true that one can file tax audit return (turnover above 60 lakhs) online after 30th September by mentioning the date of audit report before 30th Sept...

If not..
How should one file the above return..what are the consequences..

Sir,

I wanted to know what will be the treatment in case advance money is received against sale of plot and the same is forfeited.

Normally it is reduced from Cost of Acquisition but if advance money is more than Cost of Acquisition of asset, then what should be the treatment and also what will be the treatment when the asset is actually sold.

I also would like to mention that the registry was cancelled by the Registrar due to some case pending on that property

Pvt ltd Co.Transfered gold coin (as investment in the book of co.)to its shareholders (director)without consideration.pls advice about tax liability to the co. or director.(sec 56(2)(vii) applicable or not)

our company has appointed trainers under a Trainer contract agreement in the field who done product training and business opportunity meetings in various part of countries. and for this company pay trainers per meeting fee. their Hotel Booking, travelling expenses,ticket booking is done by company.
Let following exp incurred in a year
1)Trainer Fee :- 250000
2)Hotel Booking:- 200000 ( total of expenses for booking in various hotels i.e. not single hotel)
3) other expenses relating to meeting(ticket book,traveling exp,misc exp):- 150000

please tell on which amount tds to deduct and if it not liable to tds then reason for the same.