Dear All,
One of my client has paid interest for his delayed payment of duty payable which fell in short for payment. The no. of days calculated by them from the due date to till the payment date @ 18% P A. Actually the total liability of duty is Rs. 834659 they used CENVAT Rs. 636549 balance of Rs. 198110 is cash payment and delayed payment also. Now they calculated interest on Rs. 198110 under Section of 11AA of central excise act. But the department is pressurizing to calculate the interest on the total amount of Rs. 834659. Now I want to confirm is it correct or not? What was the procedure laid down in the law?
Please guide me.
Thanks in advance.
Regards,
Murthy

is it necessary to deduct TDS on Salary quartely or can deduct yearly on whole amount of year??????????

Hi, my friend has income of rs. 1000000 by winning reality dance show and TDS has been deducted by source U/S 194B amt rs.309000. Is their any possiblity to get refund of such TDS?

Plz reply as soon as possible.

one of my client purchased plot on 27-02-2006 for rs 390000 and sold it as constructed house on 29-08-2012 from tht consideration he purchased 4 plots with in time period costing 1049000 and balance 900000 he transferred through account to any firm as unsecured loan so now what will be treatment of plots purchased and loan given will he get 54 f deduction for all 4 plots for assessment year 2013-14

we have central excise registration in delhi but now we want to raise a invoice from our godwon which is located in ghaziabad

please suggest us what to do should we need to register in ghaziabad also under excise or our central excise registration in delhi is enough to raise that above said invoice

Dear sir,

i have filed st3 for the financial year 2009-10 to2012-13 on nil amount because our turn over less than 10 lacs so we need clarification that m i liable for penalties for late filing, if yes then 20000 or 2000 i.e penalty related to the concerned financial year like penalty related to financial year 2009-10 for return filed for the same financial year. require complete detail as per section and circuler

Dear Sir,

I have to file IT Return for Fy 2013-14. i have salary income and income from Contract work (94C, for which TDS is deducted). Please let me know in which ITR i have to file the return. whether ITR 1 OR ITR 2 OR ITR 4.

father and mother both are the taxpayers,both can claim the deduction IF both pay rs 100000/- each for same child from joint bank account.

THANKS

ALL CACLUBINDIA MEMBER,

CAN ANYBODY HELP ME ABOUT THE SERVICE TAX INPUT CREDIT RELATED ISSUED, ACTUALLY OUR COMPANY IS MERCHANT EXPORTER, WE EXPORT THE GOODS FROM VARIOUS COUNTRY INCLUDING INDIA. WE HAVE RECEIVE BELOW TYPE OF SERVICE TAX BILLS.:
1) TELEPHONE BILLS
2) CHA (CLEARING HOUSE AGENT-WHO HELP US TO EXPORT THE GOODS FROM VARIOUS COUNTRIES TO CUSTOMER)
3) CA'S BILLS (CA CONSALTANCY BILLS)
CAN I TAKE INPUT CREDIT ON GIVEN ABOVE BILLS/SERVICES.
KINDLY SUGGEST ME ABOUT IT.

REGARDS
NARENDRA SINGH

Dear Experts,

Kindly guide me on the advantages of buying a school bus for a school (under Charitable Trust) on Tax Front & Balance sheet front. Now we have hired school buses & planning to buy.Kindly give your valuable suggestions on Hire Vs Purchase of school bus.