Dear Sir,

Suppose x receives an order for software development by y and X places the order for the same work to Z.

In this case we (Z) bill to X and X bill to Y with service tax 10.30% plus their margin.

If payment will be processed on back to back basis then Please suggest us, what tds head will be applicable?

It should be under contract or professional/ Technical services.

Please suggest.....

Im working from home as a freelancer by creating websites & running advertisements on them.Total Income for F.Y.2010-11 from these is 19 lacs.

My questions are,
1) Should i need to maintain books of account (section 44AA)?Remember i work from home developing websites.

2) If account books are required, should i get it audited by CA (section 44AB)?

3) I think i have to file returns as 'Income from Business other than speculative business' head.IN this case, what code should i choose for Nature of Business?

4) If audit is not necessary, Can i file the tax before July 31st & prepare account books?

As of now, I have not registered any company or im not maintaining any books of accounts.Will soon register a company.

PLEASE GUIDE ME, as IM VERY CONFUSED ON WHAT TO DO

1.Are dividends earned from indian company taxable.
2. Is NSS closure income taxable and what is the tax treatment
3. Is redemption from FT prima plus taxable and what is the tax treatment.

1.An A became tenant for residnetial flat for 300sqft area on 1/1/2010
2. An A is surrendering his tenant right to builder/developer on 30/6/11
3.An A is entitle for residential flat in new constructued building for 400 sqft area
4.Redevelopment agreement is made on 1/7/11
5.The possession of the flat will be given on 31/3/13
querrry
1. is there any tax liability under capital gain either short term or long term
2. if yes then on what value?

Sir,
if there is a FD for a long term then what is the treatment 4 matured amount in curret nd DTC... If any special treatment then what is long term period for FDs....

Will maturity amt of a long term FD consider as capital gain...

Hello I got recently married. Can I make my HUF now? Thanks!

i am holding tanancy property since 1996.
in 2008 same been surendered to builder and in lieu of such transfer I havebeen alottted a ownership shop.in 2009 such property gifted to my sister in law wit proper gift deed excuted and duly stamped.

1] whether any capital gain will be attracted on allotment of such .
2) whether any gift tax will be attrected.
ples as advise with reasons
thanks

1) We have a Contract for Operation & Maintenance of Telephone and PA system network at plant site & staff colony of our organization.
Workers are engaged in this contract are not professionally qualified but having experience in the area of telephone and PA system. My question is under which section of TDS is deducted 194 C or 194 I.

2)In a running contract TDS was deducted and deposited in 194(C) instead of 194(J).
This is happen last financial year and in this year also.
my question is what is the remedy? Still this is running for next 3 month also.

A person is doing the business of agriculture in his capacity as proprietor during the year. He has not generated any income till date but incurred expenses. He has not filed the ITR as on 31st MArch, 2011. Is he required to do so, and if not whether the loss can be carried forward.

A company engaged in agricultural business want to acquire the business from the proprietor. For that they would enter into an agreement for acquisition. Is this procedure correct . Is there any problem if the proprietor has not filed his ITR for the year.

Can anybody please provide the format for such an acquisition agreement.

Sir,
What are the provision in new tax slab for the F.Y. 2011-12 for phisically challanged
person and how to calculate their income tax.
what extra benefit they are given in incometax provision, may pl. inform.