my friend is owning a brand name and avails ssi exemption on his clearances. his friend's company wants to market the product. So asks him to lease the brand name and also supply the goods to him availing ssi exemption. is he legally right in doing this. Will leasing the brand name to the customer make my friend ineligible for ssi exemption under the clause ' manufacture of another's brand name'. please advise.

A company was at its initial stages and during this period the company had purchased materials for factory bldg,plant and machineries by paying local Mvat taxes and there is no sales during the year under review.The company is claiming refund of vat taxes paid on purchase of plant n machineries.What is the latest position as per amended retention Rule 53(6)?.Whether the STO can disallow the whole set off U/R 53(6)under the plea that there is no sale during the yr.Pl.give Maharashtra Tribunal decision or DDQ favouring the dealer allowing full set off on plant n machineries.

Sir,i am a contractor in maharashtra and during year i received 1)100% labour receipt of Rs.550000/- toward labour work in one company. 2)received Rs.121000/- towards civil work,in another company,and in this i made taxable purchase of sand Of Rs.35000/- including VAT of 5% in tax invoice.
Sir,can i liable for MVAT registration? because i need it urgently. plz clarify. its urgent,,,,,

if i sale a land , Rs about 1 cores,
what provisions should implementing upon me under Income Tax (Under Capital Gain)

dear experts

I am a student of ipcc and giving may 13 attempt. which books should i refer for income tax to get max no of marks. i tried vinod sighania; taxmann they are too big and i couldnt complete my studies properly. can you all guide me which is the best book from exam point of view

thanks

One person provided two different services which are liable to service tax payment. But gross receipts of each service is below Rs. 10 lacs but if we aggregate the total gross receipts of both services, then they are more than Rs. 10 lacs. So whether the person will be liable to pay service tax?

Sir, both the CA's are at present practicing as sole proprietors and are alloted bank branch audits in individual names,
I would like to know, that if they enter into a partnership, then `will it effect the bank audit allotement?' I mean, will they loose the benifit?

What is Importer on Record(IOR)? (refer seagate singapore(SS) case)
What is said in the case is that SS will engage IOR to supply goods to its clients on a "just-in-time" basis.
But how will the IOR clear the goods for warehousing if it does not have an invoice. As per my understanding invoice, inter alia, is important for clearance.

Thanking respectable expert's in advance.

What is Importer on Record(IOR)? (refer seagate singapore(SS) case)
What is said in the case is that SS will engage IOR to supply goods to its clients on a "just-in-time" basis.
But how will the IOR clear the goods for warehousing if it does not have an invoice. As per my understanding invoice, inter alia, is important for clearance.

Thanking respectable expert's in advance.

a father transferred a residential property in the name of his 2 sons by mentioning it in the will in the year 2008. That house was a part of chawl system.

Now that chawl has been redeveloped to a building. So these 2 sons were allotted 3 flats each - 2 adjacent and 1 on separate floor. Also they were given cash consideration of Rs 15,00,000/- each.

So can these 3 flats be claimed for deduction u/s 54?

pls answer in detail and kindly give reference to any case law to support the answer....thanks in advance!