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Knowledge Gainer   23 December 2013 at 21:53

Service tax on construction service

I have entered into agreement for development and construction of a building having 4 wings and 72 flats and 20 shop & offices with 25% of saleble area to be given to landowner as consideration.

Events

date of agreement with land owner 01.04.2006
date of starting construction 01.04.2007
date of advances received between 2007 to 2012
date of completion 31.03.2012
certain flats were sold after issuance of completion certificate.

Queries
From which date I am liable to pay service Tax?

Under which catagory? (i.e. construction of residential complex service or construction services other than residential complex, including commercial / industrial buildings or civil structures or works contract servicse)

Whether I am liable to pay services tax on flat sold after completion. (No advances received in respect of such flats till the date of sale)

Mohit Jain   23 December 2013 at 21:01

Vat - up form 38

Inward value of goods which does not require Form 38
or
Is there is any monetary limit to which form 38 is not required to be used.

Sarmistha Bhide   23 December 2013 at 15:24

Income tax

Hi,
Can we pay Income Tax on some one else's behalf? For Example, can I e-pay income tax online (advance tax) for my parent's PAN number? The money being deducted online from my bank account.
Thanks & Regards

sam   22 December 2013 at 05:17

Taxation

Dear Sirs and Madam:

I am nri looking for answer everywhere my question about tax is as follows hope some will me releif:

bought land 2000 2 lakh sold 55 lakh 2010

bought land after 6 months in 2010 on constructiion linked plan in sold in between for 42 lakh since it was construction linked plan within 1 1/2 yr 2012

Rest of the money 55-42= 13 was in the bank.

till date not filed itr my question is
there any 300% penalty in this case or what are my tax liabilties
i ask senior most to answer question please

Rajeev

thanking you for anticipation.

C..a......STUDENT   21 December 2013 at 16:28

Can a.o visit assessee's office premises during scrutiny case?

Can an assessing officer visit the official business premises of the assessee during the scrutiny proceedings u/s 142 of past A.Y.?

Please reply.

Puneet Sharma   21 December 2013 at 13:14

Practise

Dear Sir,

Pls give th ans. because i am confused ,can i do the practise in any after llb ,if the direct tax (income Tax ) paper is not teach in my college, can i gave the paper of income tax from other college or not.

pls give the detail can i see the study subject in affilated college in mjp rohailkhand university bareilly .

varsha bothra   20 December 2013 at 23:46

Tds under sec 194c

One of our client is running rice mill in the Ass.Year 2009-2010 he hired truck from the Subcontractor having two trucks, the client could not deduct TDS by applying circular No. 3/2006 Dated 27.02.2006 & by following the provisions of sec.194(c) subsection 3, However the Assessing Officer disallowance the claim on the basis that our client is not contractor engaged in Business of plying, Hiring, leasing goods carriage infact he is rice miller. Our client has complied for all the formalities like for 15-I, 15-J. Our question is –
(1) Under Sec. 194C whether the contractor includes our client who is proprietary from & Rice Miller. If Yes, then how & why.
(2) Whether our contractor is correct that under subsection 3 of 194C, Our client is not required to deduct Tax at source.

Viswan Vimbi   17 December 2013 at 21:31

Tax levies on flats under construction

I have booked a flat in Trivandrum city, Kerala State during the month of November 2013.

I would be deeply obliged to know the present tax rates (for example service tax and vat) that is applicable in Kerala.

Also are there any relief on these taxes?

Hoping to hear from you soon

C..a......STUDENT   17 December 2013 at 19:40

Can exemption u/s10(23c) be revoked due to salary to member's relatives?

If an AOP which is exempt u/s 10(23C) of Income Tax, Act, 1961 gives salary to relatives of a member who are highly qualified and experienced for administrative and teaching jobs,

can this exemption be cancelled on this basis?

Manish   17 December 2013 at 17:50

Tds

What is TDS. who can deduct.
Suppose i Got 1CR as brokerage or Lottery ticket and i have to share it with 5 persons.
how will tds plays its role