Nishith Thyvalappil
09 October 2011 at 11:04
Dear Sir,
I have booked a Flat in Kochi,Kerala in Aug 2007 and 90% of the amount is paid by October 2009. The appartment is almost ready for occupation and the builder has sent a final bill asking for Service Tax+VAT+Labour Welfare fund which in total is 9.12% of the agreement value. I understood all the payments made before 1st August 2010 is exepmted from Service Tax , does this mean that I need not pay service tax ?
Is there VAT on construction of Flats ? if yes how much is it ?
Thanks in advance
Anonymous
09 October 2011 at 08:29
My company had Group superannuation with LIC India for which I was a member for 15yrs. Now this company has been acquired by a new company that does not have superannuation facility. Hence we have opted to Exit from the policy with 1/3rd commutation and monthly annuity starting now. What is my tax liability on 1/3rd commuted money and monthly annuity?
Anonymous
08 October 2011 at 14:10
I have a Life Insurance Policy (Pension Plan) of ICICI Prudential Life Insurance Co. Ltd. This is a Unit Policy. Market value flactuate every day. As per Policy terms and conditions, Surrender value of Policy can be withdrawn any time after expiry of 3 years.
I have paid premium for 4 years. I have claimed exemption u/s 80CCC in every year as per I.T. Act.
Now, I want to close the Policy and to withdraw the money. What will be treatment of money as per I.T. Rule which will be received from Insurance Company after closing of the Policy ? Is it fully Taxable as per I.T. Rule ? If yes, then under what head of Income it will be shown?
Kindly clarify the matter
Thanks
A.Biswas
Anonymous
08 October 2011 at 12:04
hi i have taken an exice registration for manufacturing of wooven fabric. during the quarter i have made fabric on job basis for other parties. which return i have to file and upto when
Anonymous
07 October 2011 at 17:00
In case of sale in transit the final purchaser requests to deliver goods for job work to 4th party in the same state of despatching party. Subsequently after job work goods are despatched by said party to the final purchaser in different state.
Pls adv if this transaction can be covered as sale in transit or not. Tks
Anonymous
07 October 2011 at 15:32
sir
if we file the vat return online and DVAT 30 and DVAT 31. how we file the DVAT 30 and 31 online file did the department have software for related that
Anonymous
06 October 2011 at 17:37
sir
should we have to file the DVAT-30 and DVAT-31 will be filed online with the online return of VAT
SURAJ.S
06 October 2011 at 13:01
Can any one quote me a case law and its source which states that the funding charges ( share of profit ) received by a NBFC carrying on Venture Capital Financing Activity is exempted from the applicability of Service Tax under the head Banking & Financial Services.
krishna bhagavat
06 October 2011 at 08:57
A purchases property from a company in 2007 in good faith and valid consideration. now in 2011 the competent authority sends notice to handover possession stating that the property has been forfeited in the year 1999from the company. there is no records in the office of sub registrar, thasildar etc with regard to this. they have not taken possession in 1999 . how can we get the property released.are there any case laws. kindly help
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Service tax
Is service tax applicable on a company
who is in the business of supply and installation of medical equipments to hospitals.
The order is silent on the portion of service and installation.
We have cases both in favour and against..
Would like to have the experts opinion to highlight the issue.