CAclubindia

Queries Replied : 26053

Hi.I am Ramesh Krishnan, Associate Memeber of ICWAI & Certified Management Accountant (CMA) by IMA(USA) Working in Bangalore

Award Winner as " Most effective Expert in Caclubindia-2011" My working style always like,

Take life always as challenge,Think positive,

Give involvement on taken task,Donot divert your concentration from the taken task,

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Mulayam Yadav says : Vat on freight
I have one query regarding Mvat on freight. For Example, A,a mumbai based dealer, Purchase goods as OMS. Some of these goods are given as gift. Invoice raised of these gifted goods bears only freight charges. Vat is charged on freight @5% whereas the goods come under the 12.5% schedule. Please clarify on what rate should VAT be charged on such freight ?? should it be equal to the charge on the goods or 5% is ok ??

hemant says : query regarding service tax
hi ramesh pls help me i want to open a current account in name of franchise business how to apply for the same. presently i m paying company from my saving bank account. i return co. pay my tds directly for commision which i get.

Kumar says : service tax on google adsense income
do we need to pay service tax on google adsense income sir?? if not under which section will it come please let me know sir.

G.Nagaseshareddy says : capital gain tax
i purchased open plot in 2010 for Rs. 80,00,000/- and given for development in 2013. the builder allotted 10 flats worth rs.1.75 cores and i sold the same flats in 2013-14 for Rs 70 lakhs and in 2014-15 for Rs. 1.05 crores financial years. I purchased the open plot in 2013.14 for Rs. 65 lakhs and again i purchased the open plot for 80 lakhs in 2014.15.

Ankita CWA Final Student says : tds on cleraring and forwarding
I have que regarding tds on clearing and forwarding exps amt 100 sevice tax 14.5 total 114.5 than we should consider 100 rs for calculating threshold limit for tds deduction please reply soon