AT PRESENT BANKS ARE FACING RECOVERY PROBLEMS OF LOANS ISSUED. THE REASONS MAY BE DUE TO LOANS GI VEN TO MANUFACTURING TRADING REVENUE BASESD PROJECTS PERSONAL, HOUSING, VEIHCLES OTHERS. REASONF FOR DEFAULT LONGE PROCESS PERIOD, MORE STOCKS, RECEIVABLES EASY TO SELL, LACK OF MARKET LONGER OERFIRNABCE PERIOD, EXPECTATIONS MAY VARY OWN PERSONAL ARRANGMENT, SOURCES […]
Read MoreGood Transport Agency – Service Exemption in Case of Transportation of Fruits and Vegetable In terms of Notification No. 33/2004 ST, Dt: 3-12-2004 taxable service provided by a goods transport agency, in relation to transport of fruits, vegetables, eggs on milk by road is exempt from service tax with effect form 27-2-2010. Source: The Tax […]
Read MoreDescription: A.R.Com/2/2010. Dated : 16-03-2011. Ref : 1) CCt’s Ref.No: PMT/P & L/A.R.Com/2005, Dated 13-04-05. The Ruling of the authority, therefore it is only the contractor, who actually executes the works contract either for the SEZ unit or for a developer of the SEZ in the processing Zone of the SEZ, is eligible for […]
Read MoreDescription : The appellant purchased certain electronic equipment and materials from suppliers outside State of A.P. and used the same in the execution of the works contract. The assessing authority rightly allowed the exemption on this sales at the time of assessment. Source: Trade and Taxes volume no 18. Part no.3 march 2011. Page no. […]
Read MoreDescription: Section 139 –Return of income – Scheme as to Exemption from requirement of furnishing return where total income does not exceed Rs.5 lakhs optional – order [F.No.142/09/2011 – SO(TPL)], dt. 25-7-2011. Source: 1. www.tpcc.in 2. The Tax Referencer .Volume120. Issue No.9, 29 August 2011, Page No.16. Our comment: The purpose is to give relief […]
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