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GOPAL   21 March 2009 at 01:15

income from other sources

is that advisable to add mis. receipts in the return of income to increase the income of an individual who has a income from salary or business. In which case IT departement can consider the Mis Receipts as casual income which is taxable @ 30%.

Trilok Singh Negi   20 March 2009 at 18:21

Service tax

Service tax is to be charged to SEZ units
is this applicable to units in SEEPZ also
Please clarify.

My Email id is trilok_negi97@rediffmail.com

Sreenivas   20 March 2009 at 14:51

HELP PLEASE...

Gentlemen,

I had plans to purchase a flat from my cousin. We just did not enter into any formal agreement to sell.He needed funds to finalise a property deal.

I managed certain amount and the amount got deposited in to my account and I in turn gave my cousin 3cheques for the amt.

My friend who helped me cannot disclose the source of the ten.

Now I am applying for Bank loan and disposing my another flat.

I think I shall be subjected to scrutiny. How to deal with that ten...

Legal Eagle   19 March 2009 at 15:25

Service Tax

As regards the amendment to the service tax relating to the deduction of payment from 12% to 10% is concerned, could you please tell me the effective date of the said notification. I have to pay the licence fee for the month of March 2009, should I pay the reduced service tax from March 2009 or is it effective from February 2009.

Thank you in advance

DON BOSCO Proprietor of DON As   19 March 2009 at 09:15

Additional Duty of Customs

Dear Sir,

we are importing goods against notification No.6/2006 and we are using the product for windmill parts. we are also manufacturing excisable goods. while importing the goods for exempted products can we avail credit on ADC?? kindly reply.

Keshav Kumar Saxena   17 March 2009 at 17:44

Exemption of House Rent Allowance under I.Tax Act

Dear Sir,

Kindly specify the rebate of House Rent Allowance under Income Tax Act.

Keshav Kumar Saxena

Prashant Ramesh Surve   17 March 2009 at 15:34

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.

Prashant Ramesh Surve   17 March 2009 at 15:34

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.

Prashant Ramesh Surve   17 March 2009 at 15:34

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.

Legal Eagle   16 March 2009 at 16:43

Service Tax

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.