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CA Rakhi Govil   29 February 2012 at 16:31

Capital gain in case of collaboration agreement

Hello Experts...

1) Assessee entered into collaboration agreement with a builder in which it is agreed that power of attorny(irrecovable) will be given to the builder for taking permission/approvals from various govt. authorities for this construction.Assessee is here receiving Rs. 60 Lacs a refundable security deposit(as fiven in the collaboration agreement).Whether this amount be liable for any tax liability?
2)Further, It was decided in the collaboration agreement that after completion of the project, Newly constructed property will be devided between assessee and builder in the ratio of 55:45.Here builder is free to sell his part(i.e.45 % of the total construction).Will there be any tax liability in this condition when assessee is transfering 45% of the property as cost of construction(in kind) instead of cash payment?.Will Rs. 60 Lacs attract any tax liability now which was given earlier?There is no intention of assessee to give back this amount to builder.

Please guide me.....

Sathish   29 February 2012 at 10:32

income tax and dividend tax rate

Hi,

Whats is the Income tax and dividend tax rate from 1995-96 to 2011-12

Regards

Sathish

RAMESH G KUNDNANI   28 February 2012 at 19:02

Profession tax

Sir my friend has a partnership firm in maharashtra which was created by his father in 1975 firm has got PTRC no he dont know about that after sevral years last month he got a notice to file returns
my question is for how many years return should be filed by law.
he is partner in firm from last ten year & not filed PTRC return
can he get adminstrative relief for same

KATTIMANI   28 February 2012 at 12:57

Pan card to replace

Dear Sir/Madam,

I have a pan card which was done in 1994. Now want to change to latest plastic card, but dept not accepting the application due to various documents required, like name of father and surname not matching. Ration card name is not valid etc.etc.

Do we have any suggestion to get it done on the basis of the old pan number?

nand b ahuja   26 February 2012 at 17:06

Tax on sale of e-books on line

i am selling e-book (prepared by me) through multi level marketing. i am paying commission to the distributors who join the other distributors. i

also pay them some commission and bonus if they meet some target in a month. also there is concept of franchisee commission, i.e.

if a person pays a certain amount in advance, if is given franchisee commission. please let me know what tax (service tax) i have

deduct from distributors, franchisee holders, etc. and what tax i have to pay? mine is proprietoryship firm. this business has

been started from 1/1/2012

bhavesh   26 February 2012 at 10:56

Which registration req.

Hello Sir Good Morning. My Business Is M.L.M Co. ( Multileval Marketing Co.) Sir I Launch My Co. Product Like Tea,Shop(Sabun)Furniture, Moter Car Etc . Sir My Q Is Which REgistration Is Req. To My Co. I Have Take Only One Registration Only P.Ltd Company Regstration Please Guide Me Which Registration Req To My Co.

As Soon As Fast Reply Please

jayesh sinha   26 February 2012 at 10:19

Contribution to voluntry provident fund

iam govt servant i want to know if i voluntry contribute to voluntry provident fund under whether it will be come under sec80c of income tax or not because the dealing clerk is adding my vpf under section 80c of income tax kindly advise.

MOHAMMED IQBAL   25 February 2012 at 19:15

Vat

hello all of you experts

i am samll bussiness man in dealing old teak wood pls let us know my uery are follows

in fincinal year 2009-2010 we purchased old teak wood from local market for rs.18,15,189.00 input vat tax is 72,608.00
we take setoff in year 2009-2010

right now we received a notice from department that your purchaed party is not sold goods to you but intead only false bill issued so you can pay above amount

i want to know that after three years later department give me notice to pay as a such amount so pls advice its better to pay amount or go to appleal

abhishek kumar Sinha   25 February 2012 at 14:56

Stock recd.& transfer in ap vat & cst

Dear Experts

We have foctories in Rajasthan.and branch in Hyderabad.We receive Stock from Factory in Hyderabad Depot for Further sale to Distributors.what will be the treatment of Stock Recd.from Factory in AP VAT RETURN & AP CST RETURN.Please Send me the Answer to my Mail ID abhishekp12@gmail.com


Thanks
Abhishek

Ramesh Jhawar   25 February 2012 at 12:36

West bengal vat

WHAT WILL BE THE TAXABILITY OF "MAKAI PHOHA"(FLATTENED MAIZE)UNDER WEST BENGAL VALUE ADDED TAX ACT