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Master NDPS 2.0: Latest Legal Developments, Best Practices & Landmark Case Studies

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visu   21 September 2012 at 21:50

Service tax on commercial rent

Experts
pl. advise on the following:

We find from notification no. 24/2007 that commercial rent which is in the ambit of service tax net has exemption to the actual amount of property tax paid.

Service tax is a DIRECT tax, which is collected and paid; where the property tax is not actually passed on the lessee;

In such cases, how a service tax assessee can claim the service tax on the property tax.

Is this exemption really applicable?
Pl. advise and suggest

visu   21 September 2012 at 20:25

Renting of properties

Experts,

Pl. advise,
the service tax applicability on renting of residential property to a coaching/tution classes offering tutions to school children.

Can the assessee claim exemption under notification 33/2012.

What are the condition for the exemption.
Pl. advise and comment your opinion

jaya   21 September 2012 at 15:25

Income tax

I was working in Trivandrum till April 2010. As ours is a transferable job from mid-April 2011 I am working in Mumbai because of my transfer. I had filed my IT return on July 2011 for the assessment year 2011-12 in Mumbai. But now I have received a letter from Trivandrum ITO asking me to appear in person (under sec 142(2) ) quoting the return what I had filed in Mumbai . What should I do? I cannot immediately go to TVM due to official commitments. Kindly advise.

Asha   21 September 2012 at 12:54

Service tax

I wan to know whether i am eligible to take service tax credit for previous years relating to 2008-09,2009-10,2010-11 & 2011-12 now if i have not taken the same. The same amounts are also standing in my accounts as service tax credit. I have paid for all the service tax bills in the respective year only.


Asha   21 September 2012 at 10:28

Employee

Dear Sir We have hired part time and Casual employees to my company apart from regular on roll employees. Can please give the statutory provisions regarding Part time employees and casual employees? And also tax provisions?

Sukesh Gupta   20 September 2012 at 18:57

Buy back of shares

Dear All
Please suggest buy back of shares u/s 77a of Companies act is exempt from Dividend distribution tax or not.

Thanks

Sukesh Gupta

Asha   20 September 2012 at 11:13

Nri

When all directors are non residents and do not hold PAN. Is it necessary for the non resident director having DSC to apply for a PAN for e filing ITR 6?

Sayed   19 September 2012 at 18:47

Money return -- tax

Dears,
I am an NRI. I was planning to purchase a flat in Mumbai through my Father-in-law.I transferred the money to my Father-in-law's account in Mumbai from my NRE account.The deal got cancelled and now i want to take back the money and purchase land elsewhere in different state.
Now if my Father-in-Law transfers the money back to my NRO account, is there going to be a tax or do i need to inform the bank?
Thanks & Regards,
Sayed

Hans Raj Singh Bist   19 September 2012 at 17:52

Question of jurisdiction

can question of jurisdiction can be raised at second appeal stage

shridhar   19 September 2012 at 13:35

Capital gains on ancestral property

im planing to sell my ancestral agricultural land at hubli and would like to invest in madhya pradesh. how can i avoid capital gains?