While filing VAT return - TNVAT
in 3 months VAT return sales has been declared excess. - Reason bills where later changed aft filing of return and this was not informed as such annual TO as per AT return is excess by 1.50 lacs. Typographical error reason is not accepted by CTO as figures are in uts.

One of my clients has newly started business of selling t-shirts online.

His supplier is supplying him with printed t-shirts that he sells to customers.

I wanted to know that when he sells t-shirt outside of India, what would be the whole process of doing so and what would be the tax implications?

I have come to know that since it is export, it would not be taxable and I can even claim refund of the tax paid on purchase of those t-shirts that I am exporting.

Please guide.

Hi

I run a travel agency and have applied for service tax .
Now , I wish to know if the commission I would be earning would not exceed 10 lakhs
Do I have to still file for service tax also ,in that case do I have to pay service tax and claim refund later

As per Section 233B of Companies Act, 1956 read with latest Circulars/Notifications issued by Ministry of Corporate Affairs, whether Cost Audit is mandatory for a Government Company engaged in the manufacture of electronic components, having a turnover of Rs.300 crores per annum.

Dear Sir,

Whenever there is a conflict between the Accounting Standards issued by ICAI, statute and Revised schedule VI, which one should be followed in priority.

LET ME KNOW WHERE CAN I SHOW THE NET AMT RECEIVED(WITH DEDUCTION OF ALLOWANCE & UNDER 80c)FROM EARLIER EMPLOYER FOR THE PERIOD APRIL 10 TO OCT 10 IN FORM 16 (NEW FORMAT)
SALARY DETAILS ARE AS UNDER
GROSS SALARY RS.226000(FROM OCT TO MAR 11)
EXEMPTION RS.61706
PT RS.1100
UNDER 80C RS.74500
NET TAXABLE INCOME RS.88694
INCOME FROM PREVIOUS EMPLOYER RS.158959
TOTAL TAXABLE INCOME RS.247653
TOTAL TDS RS.9028
TDS DEDUCTED BY US 7188.00
TDS DEDUCTED BY PREVIOUS EMPLOYER RS.1840

LET ME KNOW WITH THE SAMPLE OF FORM 16
FILLED ONE

Respected sir/Madam

My query is

if i am purhcasing a flat in Shalimar Township in indore whethere there is Vat applicable on purchase of flat. and what is the rate of VAT

One of my clint co is amalgamating with a loss making comany for getting tax benifit. it has file pition in court before 31.03.11. Now if all fomalities of courts get effected before 30th sep.11 than is it possible to get tax benifit for this assessment year. Pls qoute section also.

Sir,

I have 1 Quary regarding debonding from STPI - NOIDA.

I have already submitted my application for debonding of Unit from STPI.

Now i want to move for Debonding of Goods and premises.

What should i do now?

What is document requirement and How should i calculate duties on imported Capital Goods?

Pls do the needful. Its Urgent.

A person is director in a Pvt Ltd company and has salary income from company. Also he has Rs. 8 Lacs interest income and he also paid Rs. 7 Lacs interest on loan but he did not deduct TDS on that interest payment.

Pls clarify can he claim the interest paid from his interest income or can we claim that interest paid for taxation purpose.