sunil kumar
01 November 2013 at 19:07
Is a educational institution registered under society act liable to pay service tax under REVERSE CHARGE mechanism of SERVICE TAX ACT, for receiving following services:-
MANPOWER SUPPLY SERVICES
LAWYER SERVICES
CA SERVICES
POINTS TO NOTICE:-
THE INSTITUTION IS NOT REGD. UNDER SECTION 12AA OF THE INCOME TAX ACT,1961
THE INSTITUTION RECD GRANTS FOR VARIOUS ITS PROJECTS BUT NOT A GOVT.AIDED INSTITUTION.
IF LIABLE TO PAY PLEASE PROVIDE RELEVANT SECTIONS/NOTIFICATION/CLAUSES OF THE SERVICE TAX ACT.
IF NOT LIABLE TO PAY,PLEASE PROVIDE RELEVANT EXEMPTION NOTIFICATION/SECTIONS/CLAUSE OF THE SERVICE TAX ACT.
Swapnil
31 October 2013 at 18:32
Hi,
I am purchasing a residential property of around INR 15 lakh ( agreeement value) + other charges approx 5 lakh (Brokerage, society charges, stamp duty, registration etc)
Am i required to deduct tds at time of making payment to seller .. If yes then how to deduct tds if part payment is made by Loan taken from Bank..
Thanks ..
Abhishek
30 October 2013 at 20:37
If one is importing innerwear/underwear from Australia to India - can som1 clarify what are the costs and duties. Will it be on MRP or on actual buying price (as MRP is very high and products will be sold on highly discounted prices in local markets).
also the products will have USD tags - is it compulsory to have INR tags put - can that be done later once products land in the country?
am new to all this so if som1 can help with details will be great help. i want to do evrything legally and not get into any trouble! but som1 told me total duty will come to 30% on the MRP and not on buying price - which means it will be commercially unviable to import in india?
Charudutta R. Mhalgi
30 October 2013 at 15:41
To
Respected Sir,
Whether a Corporation ( a Semi Govt. body )
can deduct TDS on rental charges plot/land
given to Contractor on rental bais.
Kindly advice for the same.
Regards
Rupesh
30 October 2013 at 13:52
dear sir
my client is labour contractor during FY 2008-09 the principal has deducted TDS on total labour contract payment and my client has not filed return of income. Now he has received notice from income tax department asking him to show his return of income, now my client can file his return for fy 2008-09 & onwards what will be the total amount of penalty till date? can he save himself from penalty of rs. 5000/- and how?
2.i want to file his return u/s 44ad presumptive taxation @ 8% on total receipt can i file the same and should he get all the deduction for that year.
3. can he get his tds as refund with interest by filling IT return now???
kindly suggest
Shailesh Phillips
30 October 2013 at 13:16
Dear Sirs,
My query
a) Why has Service tax been made applicable to Housing Societies?
b) It has been made chargeable on the Maintenance amount charged by the Society to its members.
As a general rule the maintenance charge comprises of misc expenditure towards Security /lift maint/ housekeeping/garden maint etc. all the above services are contractual and outsourced to private contractors. these contractors are regd. service providers and hence charge the society 12.36% service tax on the service that they provide. so why does the govt want the Society to pay this Service tax once again. does it not amount to duplication.
Please clarify.
Thanks,
Regards,
Phillips.
Anwar
29 October 2013 at 18:25
Dear All,
I am registered dealer with Dvat Authority. i am deal in both local and interstate.
my query is that when we are made sale against form "F " to our Consignee how much percentage of Input vat credit disallowed on consignment sales.
for Example
Local Purchase of rs .1,00,000
Input vat of Rs 5000.00
Sales made against F forms of Rs, 500000/-
Please help me
Thanks
chandra shekhar koli
28 October 2013 at 14:14
Halo ALL, My query is (Bought a flat from builder, I paid stamp duty on a flat 'A' registered the agreement. 2 months later upon realizing wrong flat nbr & floor got the rectification deed with only correction of flat nbr n floor, rest every other detail being same as in main agreement) that DO I HAVE TO PAY STAMP DUTY ON THIS CORRECTED FLAT.
Chandra Shekhar.
Member (Account Deleted)
27 October 2013 at 23:07
MR X HAS PURCHASED AN UNDERCONSTRUCTION PROPERTY FROM THE DEVELOPER 2 YEARS AGO FOR WHICH AGREEMENT WAS MADE BUT THE PROPERTY WAS NOT REGISTERED BECAUSE MR X HOLDED IT AS AN INVESTMENT. MR X WAS TO PAY TO THE DEVELOPER IN 10 INSTALLMENTS IN WHICH 8 ARE DUE AND PAYMENT HAS BEEN MADE FOR 8 INSTALLMENTS AND 2 INSTALLMENTS ARE NOT YET DUE. NOW MR X HAS ASSIGNED THE PROPERTY TO MR Y AND MR Y NEEDS TO PAY 70LACS TO MR X AND 10 LACS FOR 2 INSTALLMENTS WHICH ARE NOT YET DUE TO THE DEVELOPER i.e MR Y HAS BEEN SUBSTITUTED IN PLACE OF MR X IN THE AGREEMENT.MY QUESTION IS
1. WILL MR Y HAVE TO DEDUCT TDS ON AMOUNT PAID TO MR X i.e 70 LACS AS PER SECTION 194IA?
2. WILL MR Y HAVE TO DEDUCT TDS ON AMOUNT PAID TO DEVELOPER i.e 10 LACS AS PER SECTION 194IA?
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Sale of old gold
Hi Experts in lawyer & taxation,
I am a retired person having annual income through other source around 5Lakh PA and recently my spouse sold some old gold for 1.3Lakh and obtained a cheque from the jeweller and I deposited in my a/c. Does this amount to be taxed. If yes under what category and what would be taxable slab would this fall including the above mentioned source of income and what will be tax payable along with any applicable exemptions.
Thanks in advance for your advice.