vijay prakash heda
15 October 2013 at 10:01
unde Cst Act Shall I Apply C Forms for Cold Storage unit I am having Tin Number under Ap Vat Act
srinath
14 October 2013 at 13:12
hello sir
I am a member of the management committee of an apartment owners association. We have 80 flats & our monthly collection is expected to be around 1.6 lakhs. Now I need to understand what is the tax implication on the monthly collection as it crosses 10 lakhs P.A and also what is the service tax liability as we have to enter into AMC with several contractors for maintenance of equipments/housekeeping/etc.
thanks
srinath
neeraj
14 October 2013 at 11:14
can we pay directly or we have to pay to builder.
Services committed by builder has not provided like car parking & other pending work like CC TV installation,epabx facility to residents & not also having completion certificate till date due to non completion of job & families are residing from last seven years in flats.At that condition service tax is applicable or we have to take any legal action against builder.Kindly suggest.
neeraj
14 October 2013 at 11:04
i have purchased already built up flat from builder on nov 2010.Service tax is applicable on it or not.
piyush
14 October 2013 at 00:13
Please help me to under stand bmc tax inplications if l where to sublet my flat. In co-op.hsg soc.in dadar.what are the rate structure on leave&licence registered agreement.
Is there any instance in which income tax was first assessed invoking section 147 in respect of an assessee who failed to file return under sec.139 and assessment u/s 144 became time barred as per section 153?
Before opening of the bank account as current account for newly formed private co, co had paid the stamp duty of rs 30000 and registration charges for the MOA and for AOA. THIS expenses are paid by the promoter in their personal capacity from their personal bank account. how to show this expenses in the co accounts as well in his personal promoters account?
Neeraj Gupta
13 October 2013 at 13:13
I am going to purchase a house property worth Rs 45 lacs and taking a
bank loan of Rs 30 lacs for it. I am a salaried employee and does not
own any house property in my own name. Although I have a flat
(purchased in 2008 under Power of Attorney in name of my mother). With
a pure intention to save stamp duty (of around 2% on cost of purchase)
and also to avail income tax deductions, I wish to use the following
route to acquire the above mentioned house.
Route
I will buy the house in name of my mother (registry in her name). Bank
loan will be in her name with my name as co-applicant (as she will not
be eligible for 30 lac bank loan due to her low monthly income).
Although she will use her own funds for balance portion (15 lacs, 45
minus 30).
On the date of registry, my mother will sell the house to me at same
price (or with some mark-up) through a sale agreement (this will not
be registered) and/or power of attorney in my name. Sale agreement
will also comprise that I will take over bank loan from her. Now EMIs
will be paid from my account only. Thus it will make me owner of the
house as per section 24, 27, 269UA of the Income Tax Act 1961 and i
will be eligible for income tax deduction of housing loan interest and
principal.
Instead of going for sale agreement with my mother (as stated in above
para), my mother can make a will in my favour in regard to above
mentioned house which may or may not be registered. This will make me
owner of the house as per section 24, 27, 269UA of the Income Tax Act
1961 and i will be eligible for income tax deduction of housing loan
interest and principal.
Please give your suggestion on my understandings or suggest any other option.
Anonymous
12 October 2013 at 20:10
Dear Sir Kindly advice on mulciple tax chargeable to me if l where to sublet my flat in dadar.
Cst c from
Can I Issue C Form to Seller I am Using the Product for Installation of Cold Storage Unit not for re sale only for Instillation