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pooja   11 November 2013 at 07:54

Work contract

A contractor completes a work contract in three years. How will be his income assessed for purpose of income tax? Whether it will be yearwise? If yes how and can you please provide some case law on it?

Mohammed Vaid   10 November 2013 at 12:58

Income from mobile towers.

Hi,
Our society has installed 2 telecom towers on our society terrace. Our tax consultant has informed us that income from telecom towers are flatly taxable after 30% of standard deduction.
Is there anyway to save tax on this income? Please advice.

harshaljawale   08 November 2013 at 19:12

Tds refund

Resp. sir/mam,


can i file last five yrs returns and refund my tds .

is it possible...plz tell me....

Tarun Mittal   08 November 2013 at 11:37

Tax or retail invoice

Dear Sir/Madam,
there is a little confusion between Tax Invoice and Retail Invoice,,
when making a Sale Invoice,,
dealer is interstate dealer and sale is @2% against "C" Form and Central Excise Duty is also including in Invoice then the Sale Invoice should be Tax Invoice or Retail Invoice.

Subhash Chandra Sharma   08 November 2013 at 10:45

Cash gift to son/daughter/son in law/daughter in law

Can a person having agricultural income ( also retired from services)gift any sum in cash to his /her son/daughter/son in law/daughter in law ? is there any requirement of stamp paper or can he declare on a simple paper ?

C..a......STUDENT   07 November 2013 at 18:40

Treatment of interest & principal paid on 2 loans for 1 house property

If an Individual has two loans against one house property, what will be the treatment of such interest and principal repaid for income tax purposes?

Will deduction of interest and principal repaid be allowed for both the loans?

Please reply.

Amit Kumar   07 November 2013 at 15:46

Service tax on advocates

What are the provisions of Service Tax in respect of services by Advocates. Is the limit of Rs 10 Lakhs applicable to them or not ?

Prasad   07 November 2013 at 15:19

Tax applicability on flat purchases

I have booked a flat 2 years back at Palakkad (kerala stat) which is likely to be handed over for possession by December and the builder is charging 5.60 % as Tax (Approx 142551) - apart from registration expenses, on total cost of approx Rs.25.50 lacs including car parking. Please advise the tax applicability like Service Tax/VAT applicable in Kerala since no such things were mentioned in the agreement.

It is specifically mentioned in the agreement that the advances paid will be apportioned as advance on property sale consideration and is not for any construction contract or building contract at any point of time.

mahesh   07 November 2013 at 14:17

Non filing of returns

I know one person who has not filed his returns nor shown his income proofs anywhere after his return from Saudi Arabia
need to complaint against him

Please give proper information regarding where should I contact

rgrds

Mahesh

SUBHASH SHARMA   06 November 2013 at 23:45

Excise

ONE AJAY IMPEX PVT LTD MFG COMPANY HAS FOUR DIRECTOR A,B,C, & D.

COMPANY SELLS EXCISABLE GOODS AND CHARGE EXCISE TO RAJU ENTERPRISES FOR RS. 2.50 LACS IN WHICH A IS PROPRITOR.

RAJUN ENTERPRISES WHO IS TRADER AND IS NOT REGISTERED WITH EXCISE SELLS THESE GOODS TO AMAR CONSTRUCTION(NOT REGD WITH EXCISE) WITHOUT CHARGING EXCISE FOR RS. 3.00 LACS.

MY QUESTION IS :-

SINCE GOODS SOLD BY AJAY IMPEX PVT LTD TO RAJU ENTERPRISES IS VALID WHIL A IS DIRECTOR IN AJAY IMPEX PVT LTD AND IS PROPRITOR IN RAJU ENTERPRISES.

MY SECOND QUESTION IS : GOODS SOLD BY RAJU ENTERPRISE AT HIGHER PRICE IS VALID OR NOT.
CAN RAJU ENTERPRISES SELL GOODS WITHOUT OBTAINING EXCISE REGN.