Hi! Freinds
Please resolve,
If MR. A has gifetd Rs. 5lacs to his wife Mrs. A and if she has invested the amount in a partner ship firm for a year and earn Rs. 75000/- as a share of profit and after that she withdrew the amount of Rs. 500000 and gifted to her daughter in law. Her daughter in law invested the same in a bank FD and earn interest of Rs. 50000. Now, in whose hands this interest income isi to be clubbed whether in the hands of Mr. A(Gift originates from him) or Mrs. B(Transferor to daughter in law).
Reference books are showing different views on this matter.

Thanks and Regards
Gourav Mehta

Hi all,

Date of incorporation of Pvt Ltd.company is 01-01-07.
Can u please tell me what will be the date on share certificates which issued to Subscribers. Is it the date of incorporation or date of first board meeting after incorporation of Pvt Ltd. Co.

Can first Board meeting can be held on the date of certificate of incorporation.

Thanks.

Dear all,
I have made TDS payments using NSDL. I have the payment details BSR Code, Challan No. etc. But in form 16 I am supposed to quote acknowledgement nos. How can I get these nos. Please help

Dear Sir,
A ltd sold goods to B ltd for 20 lacs.at the time of delivery prices went down as such B LTD refused to accept the goods.A ltd sold it to C LTD 6 lacs.matter is in arbitration for 14 lacs. querry 1) Can A ltd write off 14 lacs as BAD DEBTS? 2) IF ltd wrtes it off as bad debts ,is is not likely that arbitration will reject the claim saying since u have triten off the amount u can not get claim. c.a.paresh zatakia

For the only purpose of partial repayment of home loan of son, wife transfers fund to her husband's savings bank a/c.Then the home loan of son is repaid from husband's a/c Is there any involvement of incometax to husband.

achyut bhalerao

For the only purpose of partial repayment of home loan of son, wife transfers fund to her husband's savings bank a/c.Then the home loan of son is repaid from husband's a/c Is there any involvement of incometax to husband.

achyut bhalerao

This is regarding a Iron & Steel delear in Hyderabad, Andhra Pradesh.

All the dealers in Hyderabad are charging VAT on labour (Loading) charges & Transportation as follows.

Tax Invoice

1. MS Sheet 1000 Kgs @ 30.00 = 30,000.00
2. Hamali 30.00
3. Transportation 150.00
Sub Total 30,180.00
VAT @ 4% 1,207.20
Round off -0.20
Total 31,387.00

My query:

1. Can VAT be charged on hamali (loading & unloading of Goods)at the shop or godown?
2. Can VAT be charged on the transportation of the goods on a local vehicle?

Note: The charges are actuals as paid to the labourers & the Vehicle drivers/owners.

All the dealers are preparing the invoices in the same format. Could you please resolve the query with relevent rules for the VAT act.

Dear Sir,

This is Vinod KUmar, I want to know that we wish to continue our excise invoice serial numbers to be continue as our software controlls from russia.

Please tell me if this is possible and under which notification.

Can u let me know any of the source where i can work and get money while working 2 to 3 hours of a day..

Not looking for a Easy Money or huge money. Looking for a trustworthy source and a moderate amount thats it..

WE ARE A DEALER BASED IN DELHI. SINCE MOST OF PURCHASES ARE DONE WITHIN DELHI AND ALL OUR SALES ARE INTERSTATE, WE ALWAYS END UP SEEKING A REFUND OF INPUT VAT. I WISH TO BE CLARIFIED WHETHER WE MUST NECESSARILY PAY OUR CREDITORS WHO HAVE CHARGED VAT IN THEIR INVOICES BEFORE CLAIMING REFUND? SUCH A POSITION IF I AM NOT WRONG DOES EXIST IN RESPECT OF SERVICE TAX. AN IMMEDIATE OPIONION IS REQUESTED