ANUJ GARG
This Query has 1 replies

This Query has 1 replies

08 September 2007 at 13:10

VAT INPUT CREDIT ON PURCHASE OF TRADE MARK

1. We are manufacturer of Ice-Cream with Brand Name “Cream-Bell”.
2. The Business Trade Mark is registered with “UNIVERSAL DAIRY PRODUCTS PVT. LTD.” (UDPPL);
3. UDPPL has a Factory at Agra (Uttar Pradesh) and registered office at Delhi.
4. We have another company namely DEVYANI FOOD INDUSTRIES PVT. LTD. (DFIPL);
5. DFIPL is also doing Ice Cream Business with Brand Name “Cream Bell”.
6. DFIPL has a Factory at Baddi (Himachal Pradesh), Sales Depot in Agra (UP) and registered office at Delhi.
7. We have shut down our Agra Factory of UDPPL;
8. Now our business is running from Baddi Factory;
9. We wish to Sell trade Mark from UDPPL to DFIPL on or before 31.3.07.

So, please give your opinion with example on the followings:

1. If we sale Trade Mark to DFIPL, will it attract Sales Tax / Vat?
2. Should we make sale from UP or Delhi?
3. In case Sales Tax / Vat is payable then UDPPL will like to sale Trade Mark in Delhi to DFIPL Delhi and DFIPL will set off vat input tax (paid on purchase of Trade Mark) with vat output tax against sale of ice cream in Delhi? Can we do this?

Thanks,
Anuj Garg



Mihir
This Query has 1 replies

This Query has 1 replies

Sir
Is Interest on Personal Loan Disallowed under Income Tax Act, If yes give section refrence


Krishna Murthy
This Query has 2 replies

This Query has 2 replies

07 September 2007 at 20:19

Sale consideration for capital gains

A property is sold for which Sub Registrar value adopted for stamp duty is morethan actual sale consideration.. What is the amount need to be considered for computing capital gains... Sub registrar value or actual sale consideration... please reply me this quickly


Sanjay Kumar Chaudhary
This Query has 1 replies

This Query has 1 replies

07 September 2007 at 17:54

part time practise

dear friends,
pls. clarify me concept of part time cop.
What is the implication of having a partner with a part time cop.
regards
ca sanjay chaudhary


vineet
This Query has 2 replies

This Query has 2 replies

07 September 2007 at 15:23

recognition of export benefits

A company has received export benefits under Duty Exemption Pass Book Scheme (DEPB) against export made by it .The co. is following the policy of recognising it as and when DEPB credit is received by the company.whether it is right?or it is against the accrual principle,acc.to which export benefits should be recognised as soon as export is made by the company rather than when credit is received by the co.please clarify the same on the basis of relevant AS,guidance note etc.


CA CS Mohan Kumar B.N.
This Query has 2 replies

This Query has 2 replies

Can I claim deduction in respect of principal repayment of loan u/s 80C if I offer the property as self occupied property. Is there any rule that in such case I cannot transfer my property within 3 years. Please reply


yogesh
This Query has 3 replies

This Query has 3 replies

07 September 2007 at 14:11

minimum wages

let me know that new minimum rates of wages of employers/workers now and change from which date last.please send me in detaied for matter as soon as possible.


thanks & regards
yogesh pant


naqiya
This Query has 2 replies

This Query has 2 replies

07 September 2007 at 12:59

HOME BASED JOBS

HEY WOULD U KNOW OF ANY HOME BASED JOBS AS PARTIME FOR INTER CA IN MUMBAI


Harsh Raiyani
This Query has 4 replies

This Query has 4 replies

07 September 2007 at 10:46

benefit of exemption U/s 54 & 54F

Can one claim benefit of exemption u/s 54 & 54F both at the same time.

Last yr, i had capital gain from sale of shares (NON LISTED) and sale of resi property (both LTCG). Can i claim the benefit of both the sections by investing all my capital gain/net sale consideration in one (single) new resi property.

No other benefit U/s 80 C has been claimed


Gaurav
This Query has 2 replies

This Query has 2 replies


Friends,

Can someone provide me a very detailed audit checklist for a company trading in computers & computer accessories.

Please mail me at terminator1.gaurav@gmail.com or post it here.

Rgds






CCI Pro



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