abhishek jain
20 November 2008 at 18:37

difference

what is the difference b/w duty & tax ???


SANDEEP
20 November 2008 at 18:17

Section 40(A)(3)

Dear All

In an search case the some undisclosed purchases and sale was found and special audit was called for and in the audit report it is mentioned that there are Nil cases falling u/s 40(A)(3. But the learned ITO while drafting the order invock the provision of 40(A)(3)and disallowed 20% of purchases and made the addition and he had also made the addition by applying G.P Rate of Sales.
Is he Justified
Please reply with relevant Case Laws


SANDEEP
20 November 2008 at 18:09

Section 245

Dear All

Please let me in details know whal would be the position of cases abated by settlement commission in which no writ is preferred by assessee and how to deal with that cases and please also let me know in detail whether there is any benefit of filling the writ know after the abatment of case by the settlement commission


Vivek Banginwar
20 November 2008 at 18:04

Depreciation

One person engaged in business and he purchased a Vehicle in the name of his son(who is major).The vehicle is specifically used for business.Can he claimed depreciation?


Guest
20 November 2008 at 18:02

Meaning of "MICS"

What is the meaning of “MICS”?


Guest
20 November 2008 at 17:59

difference

What is the difference between Interconnection, Interaction&Interfaces?


Guest
20 November 2008 at 17:57

difference

What is the difference between Tax planning& Tax Evasion?


Raj
20 November 2008 at 17:28

Depreciation

Please explain

“Which method of depreciation is relevant in financial accounting in current scenario and why”?


Mihir
20 November 2008 at 17:21

Maharashtra VAT

When Goods are sold to Any SEZ, the SEZ can issue Form I and the seller can sale the goods without tax.

Whether this is applicable to Local Sales as well....i.e. when the SEZ unit is located in mumbai and seller is also in mumbai ....can he sale the goods tax free and obtain FOrm I from SEZ.

As per Maharashtra VAT there is no such provision for exemption of tax in case goods are sold to SEZ. 'Form I' provision is only mentioned in Central Sales Tax Act. Does that mean that when sale to SEZ is a local sale one has to charge tax at Local Rates???? and when the sale is to SEZ outside Mahrashtra then one can sale the goods tax free against Form I?


Prashant
20 November 2008 at 17:19

TDS & Service Tax

Query:-If I am purchasing some Machinery & pay freight for that machinery Rs.50000/- Is their any liability to deduct TDS from freight payment,& pay service tax, if I capatilize this Expenses?????






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