Dear sir,

We are a production house, producing Tv commercials. We have to make a payment towards Modelling chgs., who is a NRI.

Is TDS applicable on the payment? What is the rule.

Kindly suggest.

Thanks & regards.
Chetan.

sir,
please comment on the taxability of compulsory acquisition of following assets of an individual:

1) rural agricultural land
2) residential building on the above land

if the compensation for the above two assets is calculated sepeartely by the govt.

please reply urgently

Are registered trusts/societies taxable as Indvidual?

Please explain taxation of Trusts/Societies which are not registered with Income Tax but otherwise registered.

Please explain taxation of Trusts/Societies which are not registered either with Income Tax or under societies registration Act.

Hi
Im having exempted income(stipend) only around Rs 25000 for the FY 2011-12 and in FY 2012-13 having income from salary and exempted income.
Which ITR form shall i use now for both the FYs..??

Discount given by Seller has been deducted from Fixed Asset in Books of Accounts and Depreciation calculated accordingly.

Now for Income Tax purpose will it be deducted from Gross Block?

If the person who has entered into a contract with the builder for a flat for which payments are to be made in 12 installments depending on the stage of construction and the person transfers his interest in the flat to a buyer after paying 7 installments, would such transfer be an activity chargeable to service tax?

In the above question the payments are made depending on the stage of constructin then it is clearly evident that the payment is made before the issue of the completion certificate so therefore the payment attracts service tax.

but the servicetaxonline.com in its article says it doesnt attract service tax

Dear Sir

Would like to Clasify under which expenses the follwing expenses to be accounted for, under Society Bye Laws.

Some members insist that common expneses like toileteries, toilet cleaning charges, amc for fire fighting expenses, amc for other common expenses, water pump repairs, to be accounted for from amount collected from members on Sq. ft basis towards building repairs fund collection instead of Service charge which are collected equally per member irrespective of the area of their flats.

Is there a table which shows how the expenses are to be accounted.

Kindly advice

Regards,

Vikas Gadekar

Dear Sir/Madam,

Recentry I took a top-up loan to construct house in another site from ICICI. When I demand a provisional certificate from banker they denied saying that top-up loan is not eligible for IT claim. I am already had a home loan from the same banker for the same they are issueing provisional IT statement. Can tell the way to claim IT benefit for top-up loan.

Regards,
velu

Hi,

The assessee had not filed I. T. returns for many years due to non taxable(EXEMPT) income.
( ONLY AGRICULTURAL LAND INCOME )
On 01-06-13, the assessee received a notice u/s. 142 (1) for AY 2012-2013, for producing explanation of certain transactions (and not for filing of I T retruns) . No assessment notice u/s 143(2) has been issued and served to the assessee on a prior date

Is this notice valid?

What are the time limits and conditions for issue of a notice u/s. 142 (1)

The Assessee SOLD 100% AGRICULTURAL LAND IN THE SAME A Y AND C G IS NIL.
( PURCHASE ANOTHER 100% AGRICULTURAL LAND WITHIN TIME LIMIT )

If the assessee appears and provides explanation to the AO than he can charge u/s 292BB and opther provsisons of the Act take action against the assessee for non filing of returns?
What addititinal action can the AO take against the assessee.

In case, if the assessee does not file any reply to the notice received or appears and provides any explanation to the AO, what further action can the AO take against the assessee?

Request you if you could also give case laws to strengthen the case of the assessee in the above matter

Awaiting your reply to above

Thanks & Regards in advance
Devang P

Hello sir,

case law for nov 13 exam are included in RTP?? or we have to purchase special book for it??

Plz reply me as early as possible

Thank u