Prashant Ramesh Surve
17 March 2009 at 15:34
Under a construction Business, If A Builder make a Development Agreement & POA with Land Owner for certain amount for more than 10 years & treated in his book as Stock in trade. The ownership of that land is with Land Owner or with Builder? Who is liable to pay wealth tax on that land? Land is urban Land having todays market value of 35 lakhs.
Thanks in Advance.
Legal Eagle
16 March 2009 at 16:43
is there any amendment made relating to the service tax. My case is that I am a licensee and my licensor has informed me that there is some change in the service tax which I have to pay to him. Could you please give me the relevant section for service tax relating to the Leave and Licence Agreeement which is for commercial purpose.
Also if there is any amendement then the Circular No. and date.
Please, will be obliged.
JAGADEESH GOVIND
14 March 2009 at 14:28
Dear Sir,
My query is related to Circular No.108/02/2009 dated 29/01/2009 by ST Department.
I had entered into two agreements with a Builder for sale of undivided share in the land and a constrction agreement for the construction of Apartment and I am paying consideration in monthly instalments.No sale deed has been executed in favour of me.I had already paid 40% of the amount which includes Service Tax.
My specific doubt is:-
Whether I have to continue to pay Ser.Tax as per the second agreement for the value of apartment as the second agreement with the Company is a construction agreement and the Circular didn't mention anything about construction agreement for residential units.
Kindly advise me.
Regards,
JAGADEESH
Rajesh
12 March 2009 at 15:47
hi,
If we had claimed service tax input & adjusted the same against the liability raised by the department. AS we are aware that the input can be claimed only if the bills are paid.
if the date of payment differs from the actual then what would be the consequences
Sudhir Indapurkar
11 March 2009 at 19:01
As per income Tax Act no time limit is prescribed for issue of notice u/s 153C.As per income Tax Act notice cannot be issued beyond period of six years.Is notice issued to file I Tax Returns beyond period of 10-11 years valid?
ABHIJIT VERMA
11 March 2009 at 14:30
Under what head a person doing Internship in Kolkata can be paid and under what section he has to pay professional tax.
Ratnakar Sapkal
10 March 2009 at 19:21
what is difference between, Association of persons & body of individuals, under what sec income tax gives exemption to this two Persons. whether the BOI & AOP Enter into Partership.
ABHIJIT VERMA
10 March 2009 at 00:37
Pls let me know in Kolkata a person doing internship and is paid by company has to pay professional tax or not.
Krunal Vyas
09 March 2009 at 09:49
Dear Sir,
I have a query that how many Percentage i can utiliese cenvat for the same catagory? Is it maximum 20% of total service tax payable of the same catagory?
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Wealth tax Applicability.
Under a construction Business, If A Builder make a Development Agreement & POA with Land Owner for certain amount for more than 10 years & treated in his book as Stock in trade. The ownership of that land is with Land Owner or with Builder? Who is liable to pay wealth tax on that land? Land is urban Land having todays market value of 35 lakhs.
Thanks in Advance.