Amar Phulwani
22 May 2012 at 16:48
Dear Sir,
With reference to this amendment:
The issue is about Government taking up construction activity of dams, irrigation projects, buildings or infrastructure construction etc. through turnkey or EPC (Engineering Procurement & Construction) mode. The said service is covered under Section 65(105)(zzzza) of Finance act, 1994. The said section itself excludes works contract in respect of dams, tunnels, canals or irrigation projects, road, airports, railways, transport terminals & bridges executed through such turnkey or EPC mode. Hence works contract in respect of above works even if done through turnkey or EPC mode are exempt from payment service tax.
Sir in this regard, i will like to take ur expert advice, will installation service will be exempt under this section or not?
Thanks in advance
G MUTHUKRISHNAN
22 May 2012 at 10:06
Can you please provide me a MOU draft for the above subject please.
Thank you,
Yours
G.Muthukrishnan
anand
21 May 2012 at 12:18
If a business partner is extensively misrepresenting personal expenses such as vacations abroad, personal travel expenses, etc and claiming these as business expenses, does this qualify as tax evasion? I have documentary evidence of this. Under what sections do I report it to the Income Tax officials?
CA Vaibhavi Jhaveri
21 May 2012 at 10:40
My friend is non-resident. He is residing in Dubai. He is earning salary income there. So his dubai's salary income will not be taxable in India. As it is not accrue or airs in INDIA. But still he wants to show it in return of income (ITR) for the purpose of getting loan. ITR 1 is applicable to him. So now my query is in ITR 1 where can he show his dubai's income.
There is no row or column in ITR 1 by which he can present his dubai's income.
Anand
20 May 2012 at 22:43
I had lent Rs. 5 lakhs to a relative via cheque for helping with his business. There is no loan document but he has signed and acknowledged receiving the same and depositing the cheque.
Now, after 2 years, he has not returned the money to me as promised and we are not on speaking terms. I sent him a legal notice to which he claims he returned the money in cash as I demanded it in cash. This is false.
I am trying to file a civil suit for loan recovery. In addition, can I also report him to the Income Tax u/s 269T and 271E as he claims to have returned money greater than 20,000 in cash? The alleged return is actually false - can I still mention it to Income Tax and force him to admit it is false.
Thanks.
AMIT GOYAL
20 May 2012 at 18:57
Dear Sir,
If any Sub contractor works in any Company & Company issued Form No. 16-A & showing Form No.26As on Income tax site. But Company says that Sub Contractor was not work with them. Whenever company has been issued Form No. 16-A & show Form No. 26As. In that case, As per Form No. 16-A & Form No. 26As, is Company liable/responsible for payment or not?
will company responsible/liable for liability /payment of sub contractor or not?
Please Reply for the same.
I shall be very thankful to you for the same.
Ramesh Jhawar
19 May 2012 at 20:48
Would you kindly send the Circular/Notification thru which Sales Tax Clearance Certificate withdrawn in West Bengal Sales Tax Act.
jitendra
19 May 2012 at 15:57
Dear Sir,
We have purchase plot at Hyderabad in the year 2008 agreement in Partner name
And payment made by firm of 38962 Sq Yards costing 7423780/- (incl stamp duty)
I have paid Development charges 450000 in current year Now We have decided to construct 1500 Sq Yards
Now my question is can I Sell the plot to other party If bal sq Yards i.e remain
Can I sell plot
What is the accounting
What is taxation of Partner
Tax computation
Ravindra M. Mandale
19 May 2012 at 14:20
Builders are required to pay 1% vat on sale. Whether said vat paid can be collected from the purchaser of the proerty? if yes, then under what provision?
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Service tax & cst on single bill
Dear Sir,
I would like to ask to you when I purchased software licence from Delhi and party charged CST @ 5 % and Service tax @ 10.3 % on total Invoce value.can be possible to charge CST & Service Tax on single Invoice.