Can a subsidiary become party to the agreement if it is not a signatory to the Master Agreement entered by its Parent company? Language used in Master Agreement is 'ABC Inc and its affiliates' and signatory to the Master Agreement is ABC Inc (i.e Parent Company). Will the subsidiary company will become party to the agreement in this situation as the parent entity has used a language as 'ABC Inc and its affiliates'?
Can you please give document reference as well?
Dear Sir
Final product manufactured by Assessee is exempt from VAT & CST.
Department argued that government is losing revenue if assessee applies for C Form.
This is because at the time of purchase of material against C Form assessee pays 2% CST whereas after the same material uses in manufacture of Final product , assessee do not pay any tax since it is exempt.
Had assessee purchases the same material from the state it would have paid 14.5% VAT. Thus there is loss of revenue of 12.5%.
Hence , assessee cannot apply C Form.
Is the view of the Department correct.
Hello sir,
i am working in accounts department of private recognised university in gujarat. we are recognised by the gujarat government gazette.we are private recognised university. Is GST applicable to us on fees received?
Please guide me on the same.
Thanks.
I have been working outside India for more than 6 months on a project assignment in last year.
Hence considered NRI.
Now for last 3 months I have been in India as assignment was over. I am looking to create new Saving account in another bank where I can keep my money.
Can I create my account as a normal resident of India or I need to create it as i am NRI currently?
I am working as consultant in a government office. My salary is Rs.90,000/- per month.
Out of Rs.90,000/- , RS.9,000/- TDS has been deducted under section 194J.
During 2017-18 FY totally 74,400/- has been deducted.
Which ITR should I use to file income tax returns for AY 2018-19
In which schedule I have to put the details.
Please clarify.
Dear Sir/Madam,
we want to change our companies registered office within the local limits and proposed place of office is owned by other entity and our company to be taken this place without any lease deed/rent agreement.
Please suggest which attachment we should required for filing form INC - 22.
Dear sir
Last year I am show my income show in ITR-4 and current year I am show my income in ITR-1
Any possibility receiving notice form department
Hi,
Made loss in F&O and intraday trading -220000
Made gain by selling shares kept for short term (less than 12 months) +180000
Only income is from FD interest. +132000
Turnover of (FO+intraday+ short term share trading) is 80 lakhs.
Is audit required in my case?
Can I avoid it by not declaring losses in F&O and intraday and simply show 180000+FD interest as my income and pay tax on it. Will 15% be charged in 180000 profit of short term trading?
Dear sir,
My income declear A.Y 2017-18 in form ITR-4
And current Income show of A.Y 2018-19 in ITR-1.
Any possibility for notice receiving by department.
Sir/Madam,
One of my friend is a doctor, having income u/s 194J & 192B for the financial year 2017-18(A.Y.2018-19) , which itr he can file, if he file itr4 , which option has to fill in ' nature of business 'option. he have only Rs.50000/- under 194J (Professional income) income and remaining income under section 192B (salary income) and how to fill financial particulars like e15(sundry creditors),e19(inventories),e20 (sundry debtors& e22(cash in hand) kindly suggest me.
Can a subsidiary become party to the master agreement?