puneet virmani Profile

Issue Id: 115346

IF A PROFESSIONAL BELOW 50 LACS DON'T WANT TO FILE UNDER 44ADA AND TAKE 50% AS TAXABLE INCOME , CAN HE / SHE FILE UNDER NORMAL BUSINESS @SAY 20% ... Read Full Issue

Asked by Puneet virmani

21 Aug 2019

1 Reply

1019 Views

Issue Id: 111952

Provisional Input Credit

What is provisional Input Credit under GST. For what period it's available and conditions for availing the same.

Asked by Puneet virmani

23 May 2017

1 Reply

2451 Views

Issue Id: 109946

SEC 148 INCOME TAX

3 BROTHERS SOLD PROPERTY AS 1/3RD YEAR EACH, ALL INVESTED IN SEPARATE PROPERTY AND TAKEN BENEFIT U/S 54..ONE BROTHER WAS ASSESSED U/S 143(3) WHEREIN ... Read Full Issue

Asked by Puneet virmani

26 Feb 2016

1 Reply

1259 Views

Issue Id: 108942

RULE 9 POP RULES

"A" COMPANY IN SRILANKA SUPPLIES MACHINERY TO "B" COMPANY IN JAPAN. MY CILENT IN INDIA "C" GETS THE COMMISSION FROM ... Read Full Issue

Asked by Puneet virmani

24 Jul 2015

3 Replies

8984 Views

Issue Id: 108741

CENVAT CREDIT / TAX LIABILITY

INDIAN COMPANY SUBSIDIARY OF INTERNATIONAL COMPANY, IMPORTS CERTAIN GOODS FROM PARENT COMPANY FOR JOBBING PURPOSES, DO THE JOB MACHINERY WORK HERE ... Read Full Issue

Asked by Puneet virmani

13 Jun 2015

1 Reply

1472 Views

Issue Id: 108545

GOVT DEPTT ROAD

SERVICE TAX APPLICABILITY ON CONSTRUCTION OF ROAD / MAINTENANCE OF ROAD BY THE GOVERNMENT DEPARTMENT AND ALSO ON THE FIXATION OF STREET LIGHTS ON ... Read Full Issue

Asked by Puneet virmani

06 May 2015

1 Reply

1664 Views

Issue Id: 108526

CAPITAL GAIN EXEMPTION

X INCURRED CAPITAL GAIN FOR 1 CR BY SALE OF HOUSE PROPERTY. X IN PROPER TIME INVESTED IN NEW PROPERTY 1.25CR. HOWEVER OUT OF 1.25 CR HE INVESTED 50 ... Read Full Issue

Asked by Puneet virmani

02 May 2015

0 Replies

785 Views

Issue Id: 107602

Works Contract ---- Input Service Credit

A is a contractor registered under works contract service. A sub contracts the part of the contract to B. B charged service tax from A on labour ... Read Full Issue

Asked by Puneet virmani

19 Nov 2014

2 Replies

1813 Views

Issue Id: 5162

CAR PARKING

AS CAR PARKING IS EXEMPT FROM PREFRENTIAL LOCATION CATEGORY, IS SERVICE TAX PAYABLE IF COVEERED PARKING IS BILLED AS Rs.200000/- IN ADDITION TO BASIC ... Read Full Issue

Asked by Puneet virmani

09 Jan 2013

1 Reply

1544 Views

Issue Id: 5093

GIFT TAXABILITY

Can one make a gift to chacha's son ot tau's son n what about its taxability under Income Tax Act,1956

Asked by Puneet virmani

25 Dec 2012

1 Reply

1333 Views

Issue Id: 4315

Capital Gain Exemption U/s 54

Mr. Rajinder incurred a Long Term capital gain of Rs.2250000/- from sale of residential property during the Financial Year 2011-2012. He invested ... Read Full Issue

Asked by Puneet virmani

30 Jun 2012

1 Reply

1959 Views

Issue Id: 3522

EXEMPTION U/s 54 I.T ACT,1961

"A" SOLD RESIDENTIAL HOUSE (PURCHSED BY HIM IN 1974) FOR Rs.1 Cr IN AUG 2011, IN SEPT,2011 HE PURCHSED ANOTHER RESIDENTIAL FLAT FOR 1.20 CR IN NAME ... Read Full Issue

Asked by Puneet virmani

27 Oct 2011

1 Reply

12734 Views

Issue Id: 3125

Point of Taxation

"A" registered under complex construction category as a builder/ promorter taking 75% abetment and paying service tax, not availing any cenvat ... Read Full Issue

Asked by Puneet virmani

29 Jun 2011

1 Reply

2041 Views

Issue Id: 2274

DEFINATION OF RELATIVE

Whether Gift from real chacha (Uncle) to his nephew(Brother's son)of Rs.1000000/- covered under defination of relative.

Asked by Puneet virmani

04 Oct 2010

4 Replies

21275 Views

Issue Id: 2125

PARTNERSHIP FIRM-- SALARY DISALLOWANCE

ABC PARTNRSHIP FIRM WAS CONSTITUTED IN F.YR 2004-05. DEED WAS EXECUTED AND PROVISION FOR RENUMERATION TO 3 PARTNER'S WAS MADE AS TO Rs15000 P.M EACH ... Read Full Issue

Asked by Puneet virmani

19 Aug 2010

3 Replies

6686 Views

Issue Id: 930

Transfer of credit available

X is a company providing taxable service (management consultancy) from 6 premises having centralized accounting system has applied for centralized ... Read Full Issue

Asked by Puneet virmani

16 Oct 2008

2 Replies

1300 Views

Issue Id: 421

Rectification in figures - revise return

kindly clarify me about,if there is any ommission of figures in the dealer excise return(FORM-2)fot the period 30.09.06. how can it be ractified. can ... Read Full Issue

Asked by Puneet virmani

14 Apr 2007

1 Reply

2009 Views

Issue Id: 177

Amount of Liability of Service tax

'B' a sanitary contractor raises a bill as to Gross work done for this bill Rs.600000/*and further deductingRs30000/*from above amount as retention ... Read Full Issue

Asked by Puneet virmani

04 May 2006

1 Reply

1235 Views

Issue Id: 173

Credit of service tax paid during the premises was under construction

'A' is a B.P.O operational after 2 months from now-services to be rendered are covered under business aux. service but to be wholly exported as ... Read Full Issue

Asked by Puneet virmani

29 Apr 2006

1 Reply

1319 Views

Issue Id: 170

Registration - Jurisdiction

'a' contractor-executing works contract at Delhi,Ludhiana,Gurgaon,Noida,Jaipur site & not having office at all places as site place-Having office ... Read Full Issue

Asked by Puneet virmani

27 Apr 2006

1 Reply

1241 Views

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