we have housing construction co., one part of which devlopment is elegible for deduction u/s 80IB ( permisson of development has been taken b4 31st march 2007,
now problem is that the one part of that land is belonging to other person, if we will buy it then we hv to pay stamp duty on purchase and sellor is liable to pay Capital gain tax,
is there any possibility by which we should neither pay whole stamp duty nor pay capital gain tax?
if any procedure have please explain me its detail procedure, and how should we do accounting in book to claim 80IB deduction

Hello expert

Can u plz give me some knowledge about FBT i m confused between FBT and Perquisite

Hello to all

i want to know if AO issued the notice u/s 148, for the AY 2005-06 then is it possible for him to take the case also for the last 3-4 years ans also tell me that if assessee have a refund in his ITR of AY 2006-2007, whether the AO can refuse to give it on the basis of AY 2005-2006 case.

Thanks

W.e.f. 13-July-06 Scope of Section 194I has been extended to cover any rentals payable on equipment by the company.

Is vehicle which is a capital asset does fall within the definition of Equipment and hence any lease rentals payable to leasing company will attrack TDS deduction under Section 194I?

What is deferred tax liability?

How to do accountis for it?

One of my clients has lost the copy of IT teturn filed by him in previous years

Kindly tell me from where to get a duplicate copy of Income tax return filed in previous years.

If a real estate private limited company is transfer of land (stock in trade) to a partnership firm as a capital contribution, then transfer between transfer price minus cost is taxable under what head Business or Capital Gain.

if any caselaw.pls give?

One of our client(a company), hire sub-contractors for job work at diff sites.

to complete work of one site it takes four to five years (a long term contract)

Now client pays on behalf of sub-contractors statutory payments like ESIC , PF e.t.c. in his name & subsiquently he recoveres from sub-contractors statutory payments paid by him.
He meets statutory obligation always on time.

can client do such act?

What shall be effect in taxation? Shall be allowed as deduction , disallowed or treated as income?

What shall be my role as an auditor?

A company had entered into a contract with one security agency for security service. The company is regular in paying the monthly charges after deducting TDS. After 4 months the security agency failed to pay salary to security personnel hence the company had terminated the agreement with agency and gave direct cash payment to security personnel(4 nos). One of the security collects the entire amount and distributed the amount to others. Monthly payment to all of them aggregates to Rs.12900. Whether the company is liable to deduct TDS on such payment to the security personnel???

1.Remuneration of MD
2.Remuneration of other Directors
Falls under what head?
my doubt is it falls under salaries or profession or other sources