We have to pay in foreign currency consultancy fees to uganda drug authority for service render in india, what is our tax liability :-

TDS WHAT RATE ?
SERVICE TAX ?
GROSSUP ?

I am a NRI. Being more specific i am staying in SINGAPORE from 1st July 2009 and been to INDIA for a maximum period of 25 days thereafter in any year for visit.

I am willing to gift 15 Lacs through inward remittance to my dependent parents (Senior Citizen) who are resident in india but they are not taxpayers and dont have any other source of income.

Pls let me know the tax implications in the hands of receiver if any and also help me with the GIFT DEED format which i need to execute either before remittance or after remittance.

Thanks in advance,

Dear expert following is a Query regarding cost of indexation to be taken on enhanced construction in residential property after few years of Allotment .Mr X booked a house in 2000-01 , allotment money was paid in 2002. For this Mr X paid Rs20 lacs over the years in installments . In 2010 due to enhanced construction the property cost increased to Rs30 Lakhs.(ie 10 is the cost of enhanced compensation)Question :-Cost of indexation for the enhanced property will be taken for 2002 when the allotment money was paid or when enhanced construction was made in 2010please reply ASAP :)

I had filed my ITR for A/Y 11-12. Now in the status it is shown as ITR-V rejected..

Why have they rejected the ITr?

Moreover, should i revise the return or simply send the ITR-V again to CPc,bamgalore?


I have the acknowledgment from the income tax site.
Do i need to revise it or just sending the itr again wud be sufficient?

Kindly advise.

Dear Sir,
One of my client has purchased a old residential house and demolished it. And after that he constructed five shops at the ground floor and then he constructed a residencial house on the 1st floor for his own purpose.
Now he has sold all shops made on ground floor.
Now my question is that selling of shops will fall in the head of capital gain
or
it will be consider as business activity like the builders do.

Please advise me.

One of our client using software which is operated by Australian company and they are charging maintenance charges of that software. which is paid by us in foreign currency.

that company doesn't having any establishment in india. whether this is liable to TDS & service tax.

if yes than at what rate.

Dear Experts,

i have filed late return two days ago but by mistake i have not include Rs.5000/- tds,sothat client have received less amount of the same. iam aware of that less return can never revised .is there anyother way.pls guide me sir.............

While depositing the TDS Challan we have deposited the TDS amount & Interest on it combined without bifurcation because of that now default has arised of Interest amount.
Please let me know how we can correct this default without paying any amount more.

Thank You

A trust formed 2 years before but not yet registered u/s. 12 A of the Income Tax Act, 1961. Now, is it possible to apply for exemption registration??

Thanks in advance

Hello Expart

We have issued Purchased order with one of our Supplier for renovation of building,
Purchase Order contain materials and service charges.
Supplier raised Invoice seperatly, one invoice for materials with VAT and other for services with applicable services tax.

Can w deduct WCT as well as TDS on both bills.
Please suggest