One of my client in Mumbai has dispatche the goods to Delhi
distributor with tax invoice after charging CST 2%.But Road
permit was given by the Delhi distributor and also goods
has not been caught at any check nakas of delhi and Finally
goods were dekivered to Delhi distributor. Whether it is
required under Delhi sales tax act to submit the Road
permit to get the C Forms?
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Case study 2. After years of good performance. Happy homes apartment building was sold in 2002 for $20, 00,000 and the new owners refurnished all apartment units. In 2003 the apartment building was re-opened. Please analyse the income statement below and explain the income trends. The building has 1600units was built in 1971, and the current loan balance is $16,395,772. Period ended Statement classification (wi) 31/12/06 31/12/07 31/12/08 31/12/09 Occupancy 95% 90% 92% 95% Base rent $1,100,000 $990,000 $950,000 $990,000 Laundry vending $12,000 $11,000 $11,000 $30,000 Parking income $42,000 $40,000 $41,000 $60,000 Other income $3,000 $8,000 $21,000 $20,000 Effective gross income $1,157,000 $1,049,000 $1,023,000 $1,100,000
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