Regarding form c
This query is : Resolved
14 November 2015
Dear Member(s)
please give me ur valuable suggestion
A pvt comp purchased Machinery from lark industries ltd.against Form C @2% his New Factory
Whether the purchasing com. can issue Form C to Lark industries against purchase of machinery ( capital goods)
Regards
Mukesh
please give me ur valuable suggestion
A pvt comp purchased Machinery from lark industries ltd.against Form C @2% his New Factory
Whether the purchasing com. can issue Form C to Lark industries against purchase of machinery ( capital goods)
Regards
Mukesh
14 November 2015
In my opinion when purchased for personal use i.e. for other than sale than buyer cannot issue C form for purchased of such goods. The buyer is required to pay full applicable tax on such goods. C form issue only in the case if goods purchased for resale purpose.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
