Loan given by director to comany -is it libale wealth tax ??
This query is : Resolved
19 September 2014
Hi Friends,
The Director is covered under wealth tax act.
If a Loan given by director to a Company/ Individual / If any other is it cover under wealth tax assets .
is the director liable to pay wealth tax on such loan given amount.
give me suggestion .
The Director is covered under wealth tax act.
If a Loan given by director to a Company/ Individual / If any other is it cover under wealth tax assets .
is the director liable to pay wealth tax on such loan given amount.
give me suggestion .
19 September 2014
Wealth Tax not applicable on loan. Please check your query.
Message likes :
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19 September 2014
Thank you Sanjya Gupta sir
i have two more doubts please clarify me
1. Is it service tax paid on Audit fee available for input tax credit or not.
if it available how can we avail such input credit.
2. In calculation of cost per unit for Pharmaceutical company which expenditure is not required to apportionment among the products .
i have two more doubts please clarify me
1. Is it service tax paid on Audit fee available for input tax credit or not.
if it available how can we avail such input credit.
2. In calculation of cost per unit for Pharmaceutical company which expenditure is not required to apportionment among the products .
19 September 2014
1. Yes input credit available. Claim input credit while filing ST3 return.
2. No idea about Pharmaceutical Sector.
2. No idea about Pharmaceutical Sector.
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