Hi,
Please give me details whether Micro Finance NGO/Society are Taxable under Income Tax Act, 1961, ?
How to Tackle the Problem of Income Tax ?
How to get Exemption ?
Please help.
Thanks
Regards, Bikas C Saha
My client (partnership firm)has started its operations as a franchisee from 1st July, 2009 & he operates from a Mall.The rent agreement is in the name of the franchisor & hence rent receipt is in the name of franchisor.My client has not deducted the TDS on rent.Now it has got a PAN & is applying for TAN.
Pls tell me what would be the appropriate course of action.Thanks
till when capital gain has to be deposited. daughter got money from ancestral property, so till when she has to deposit the capital gain
Sir,
Please advice that in what category the foloowing services will be included:
1.Construction of Temple in housing
Colony of a manufacturing comapany
2.Construction of Temple in Plant Area of
a manufacturing comapany
Actually my company is the receiver of such services, I want to check the bill of Contractor in this regard.
Whether any abatemant will be allowed to contractor
Sofware Item Service Tax and Vat both liabalities arise
is it possible any one can give me circulare of this
Hi,
I want to help my brother monetary to buy a new house. I am confused as what is the best way to help him with money which is currently in my account.
Please suggest legally best way so that we need not to pay any tax on the same amount.
Dear Experts,
One of my client is a grandfather and he has given gift Rs. 10lacs cheque to his grandson who is 2year old can u tell me what will be the tax effect on this and what documents should be neccessary for preparation of this.
Our client is running proprietorship firm and engaged in export of Handmade Carpets. He purchases the yarn from market after that gives to the contractors on jobwork basis and carpets have been prepared.
They are also claiming drawback on export of carpet but there is objection of the department that it is not clear that the client is working as manufacturer or merchant exporter. If it comes under the manufacture activity than they are not registered with Excise Deptt. As in our knowledge there is no excise duty on manufacturing of handmade carpets. ( It is prepared by use of 85% Viscose yarn and 15% of cotton.)
The contention of the department is that since they are not taking the benefit of cenvat credit therefore not eligible for Drawback.
Please guide us the procedure for taking the drawback and DEPB on export of carpet and whether the product is dutiable under the Excise Act or not. In this case , the category of the applicant will be manufacturer or merchant exporter?
Respected friends,
Kindly clarify my following query.
A owns residential plot of land at two places namely at place X and place Y. He decides to sell land at X and out of the sale proceeds , he wants to construct a warehouse ( for commercial purposes) at place Y. The exemption from tax on capital gains arising on the transfer of residetial land can be availed only if A constucts or buys a residential house/ flat ( residential) and exemption is not available for constucting a ware house for commercial purposes.
Is it correct
regards
sr laksminarasimman
Service tax
Hi.
one of my client has a business of
1. air travel booking. but he booked ticket from other travel agent and get commission. and
2. he manages tours in India means he booked hotels for client and arrange for car and add his margin and issue bill to client.
my query is whether he is liable to service tax? what is the limit? and how the same is calculated.
pls mail the reply to ca.mananshah@yahoo.com
Thanks and regards.