Hello to all,
I want to know the implication of amendment in Sec 50C which is effective from 01.10.2009. according to the amendment in section, it is being provided that in case of unregistered transactions, whether the stamp duty is assessed or assessable, the provisions of section 50C would apply.
so, if i baught a flat in 2006 and not registered valuaing 10 lacs, now i registered it with a stamp value of Rs. 25 lacs, so what should be my cost Rs. 10 or 25 Lacs.

I Am Doing My Business as Car Cleaning Services &
1. I am Purchasing A Car Cleaning Products From Global Company, With VAT @ 4%

2. With Same Products I am Cleaning the Cars for that i was charging Service Tax @ 10.3%

But My Query Is What Tax I have Charge Weather Its VAT @ 4% Or Service Tax 10.3%

In Some Cases is Like They are Charging
80 % OF VAT @ 4%
20 % OF Service Tax @ 10.3%

Eg:
Purchase
Cleaning Products 1000
VAT @ 4% 40
----
Total 1040
----
Sales
Cleaning Service 1450
Service Tax @ 10.3% 149
----
Total 1599

But IF I DO LIKE THE VAT DEPARTMENT ARE NOT ACCEPTING SO WHAT IS BETTER METHOD TO DO THE BILLING & TAX I HAVE CHARGE & AT WHAT IS PERCENTAGE PLEASE DO THE NEEDFUL & OBLIGE

I have a proprietory concern which is subject to tax audit for f.y 08-09.during the year we incurred expenses exceeding 50k and also payment exceeding 20k to parties who did labour jobs for us and that too to the extend of 6 lacs and on which we never deducted tds during the previous yar. now we have filed return before 30th sept.
what should be our stand now? should we file revised return after paying tds which we should have deducted and paid.if we do so will AO allow the expenditure of 6 lacs.
what is the other way out if any for this??? please advice

It is come to know that the new TDS Slabs has been changed from 1.50 lacs to 1.60 lacs for male. Is any changes Under Section 80C i.e. 1.00 Lacs ?
Kindly inform me.

Dear All,

I have a doubt can we claim Central Sales Tax and Vat Under Cenvt credit rule 2004
and also whether the service tax for the foreign inward remittance is refundable.

Regards
Nisha

Can anyone pls share with me a detailed note on how to determine associated enterprises for the purpose of transfer pricing?

If X Pvt. Ltd. has a WOS Y Ltd. in australia and there are transactions between the two, TP would become applicable.

In case, Y Ltd. enters into a JV say Z Ltd. with another company in australia and holds 35% share and there are transactions between X Pvt. Ltd and the JV company Z Ltd. what will be the criteria to determine whether TP becomes applicable to the transactions between the two?

Please clarify the service tax rule about Jammu and kashmir state. As we are providing services to the J & K state.

I have deposited excess amount of service tax and adjusted in succeding month. Please informed me where to write that amount in st-3 from of return.

Sir,Please advise where and under which section it has been mentioned in Income Tax Act that a salary of merchant navy sailor earned in US Dollers as an NRI status remitted to his NRE A/c maintained in India is exempt from Income Tax in India also suggest whether he should file his return of Income with IT Deptt.

Is there any remedy if short term capital loss is not filed within due date?