I belong to a company which is engaged in sale of cars i.e has dealership of cars and purchases cars from honda's manufacturing company and sell to customers .my company has its own showroom , workshop.
my question is when we sell cars we charge vat @ 14.5% from customer when we purchase fixed assets for use in company obviously vat is charged can input credit of vat be taken on vat paid on purchase of fixed assets.


please someone reply on basis of practical exposure and kindly explain me the logics, law , reasoning behind that and i have read somewhere that input credit of tax paid on capital goods can be taken then with what reference was it(is it for manufacturer)



please someone revert back as soon as possible and suggest me on this ground.

thanks in advance.please reply experts.

Hi,

My status is NRI since Apr2012, I had a fixed deoposit running since 2011 when my status was resident indian. I forgot to close my FD before travelling to outside India, so in 2012 bank deducted TDS on interest earned.

Now how should I show it in my IT return, shall I show my status as NRI and still show these as income earned?

Please suggest.

ITR for AY 2013-14 is not uploaded on income tax website....



please tell me upto when it will be uploaded....

I have a four years old flat and would like to purchase another bigger under construction villa from a builder before selling my first property. I know one can save tax on capital gain by investing the sale proceeds in another residential property either one year before selling the house or two years after the sale. Let say I book my 2nd house on 1-June-2013 and agreement with builder as 1-July-2013 and registration (i.e. sale deed) is happening on 1-July-2014 and possession on 1-Nov-2014. While considering criteria “one year before selling the house”, which date of 2nd house needs to be considered? Is it booking date or agreement date with builders or registration date or possession date?

Dear Sir,
My Name is G. SASIDHAR KUMAR Now iam going to file ST-3 Return(HUF) for the period April-2012 to June-2012 &July-2012 to Sep-2012. If the Assesse registered Service Tax for HUF (Taxable Service:Renting Service. I am trying to ST-3 Qly Returns in List of Taxable service column Assesse comes which category of Taxable service please specify. And also i have clarify some other doubts. If there is any model (already filed -ST-3 Returns)for the above periods is there please display the returns.
Thanking you,
Yours Sincerely,
G. SASIDHAR KUMAR,
Sr.ACCOUNTS EXECUTIVE
HYD.

Hello Experts,

Please guide me on the following Query

We have to file the Quarterly Return for July to Sept 2012 Period. We have paid the Service Tax for period Starting from July 2012 to March 2013 by Single online challan in the month of March 13 including Interst.

Now the confusion is how do we adjust the Payment of Tax in the ST3 Return for July to Sept 12. because the Challan amount is higher than what is due for this quarter.

Any restrictive provision is there to make the payment by separate challan for each quarter.

Thanks in Advance.

Kind Regards,
Dipak

sir
can u guide whether a CA(Principle) can file suit against article in civil court or not. if yes then what is procedure and under which provision of institute.

Dear sir/madam,

I am filling service tax return of my client for q2 i.e. jul-sep 2012. My client is covered under service provider under partial reverse charges. He is providing man power supply services to private limited company. As per notification no 30/2012 he has to pay 25% of service tax amount.

Now his total turnover during that period is Rs 3964303.00
He has paid service tax @ 3.09% (25% of 12.36%)

Now my question is that how to show above items in service tax return.

Whether i have to show total turnover of rs 3964303.00 in column no B1.6 of st3 return and show service tax rate @ 3.09 in B1.15 or
Show turnover @ 25% value i.e. Rs. 991076 (3964303*25%) and show service tax @ 12.36%.?

if any annual increment is paid to MD, does it amount to revision of remuneration?

if yes whether approval of Board and Shareholder is required?

Dear Sir,

We want to make remittance against invoice received from our overseas agent in Dubai for services provided as inbound handling and customs inspection charges and custom duty charges. Please note all services has been received by us in Dubai only and the agents provided us declaration that they don't have any offices India.

Please suggest if we want deduct TDS against the same Debit note and remit balance amount to our agent and also section of rule notification to be considered for no deduction to be made.