A non-resident having a long-term property in India intends to sell it to a resident at a net consideration of Rs. 1 crore. The cost of acquisition to the non-resident seller was Rs. 90 lacs, 5 years ago. The non-resident wants to apply to AO for zero deduction of tax at source as he intends to deposit the amount of capital gains in prescribed bonds.

What is the procedure that he is required to follow? Please provide the form no. which he is required to submit.

Can anybody tell me service tax related to construction services ?

If suppose I am a builder. I sold flat and that time made agreement Rs.50lakh. and completion certificate issued by competant authority. then this time service tax applicable? if yes then who bare the service tax. Means builder can collect from customer or not ?

I am a marine engineer. I am in the payrolls of foreign ship management co. I sail in foreign ship with foreign flag in foreign waters and is remunerated in dollars.My query is whether the residential status U/s 6(1) of Income Tax Act be applicable to me. Am i liable to tax for the salary received as mentioned above? Kindly advice

Dear Expert panelists, I recently cleared my 1st group of IPCC & i was seriously considering that I start my articleship after the next IPCC exams in May 2014 so that I can clear my 2nd group the then work as an article trainee. Can I register for the same after the exams ? Does the institute revoke a candidates eligibility for articleship if he/she does not register for the same, within a span of 3 months from the date of release of the results?

Please explain the concept of Fiscal Deficit in detail.

company is registered with service tax dept. for construction service
after reg. company receive service by diff. entities ( i. e. advocate, man power supply) than company have to reg. with amendments every and each time or not ??? Because co have to deposit RCM

IF AN ASSESSEE GAVE ADVANCE FOR PURCHASE OF IMMOVABLE PROPERTY FOR WHICH NO AGREEMENT IS MADE, NOW THE ASSESSEE SOLD THESE PROPERTY TO PERSON FOR THE AMOUNT GREATER THAN THE ACTUAL ADVANCE AMOUNT.
1.WHAT WOULD BE THE TREATMENT FOR EXCESS AMOUNT RECEIVED FROM THE PERSON?
2.UNDER WHAT HEAD OF INCOME THE SAME WILL BE TAXED?

A company is paying rent to an individual of Rs 14,500 per month so it does not deduct TDS as it is below 1,80,000 now due to changes in the rent the rent has increased from october and it will cross 180000 in the month of feb.. now my query is that we need to deduct TDS only on the rent paid in the month of feb or full amount till feb??? reply asap

Dear Experts,

My Client is registered under GTA and is a proprietorship concern. He is charging 25% Service tax from clients but he is avaling the benefit of input on telephone and professional charges. Can he do so? Is input will be available as under reverse charge he cannot get any benefit of input.

Sir
Inrespect of NRI settled in Canada wants to transfer Rs 5 Lakhs earned by him in India as rental income to Canada. Whether this attarct TDS and if so at what rate?.
Rgds