Hello experts, As per new rule of TDS for immovable property of 1% where sale consideration is above 50lacs, what does "Sale Consideration" value means? Is it a)Total Installments (Land + Construction + VAT + ST)
b) Basic cost i.e. Sqft area X price per sqFt

In my case i purchased an under construction property from a Mr.X who was the first buyer from Builder wherein the value of property on sale agreement(between me and Mr.X) was above 50lacs.
Please help me understand this.

Suppose A(dealer) purchases certain goods locally paying VAT-
Basic Rs. 25000
Excise(12.36%) Rs.3090
Input VAT(5%) Rs.1404.5
Total Paid Rs.29494.5

Now A wants to sell the above goods to other state at CST and make Rs.200 net profit after payment of taxes and input credit.

How will he account for it?

CAN ANYBODY PLEASE TELL WHAT IS THE PROCEDURE OF TRANSFER DURING THE 2ND YEAR OF TRAINING.

whether service tax is levied on subletting of immovable house property on Cost to cost basis or subletting of house property may contain profit margin ?

I have started my CA articleship as on 30-4-2013,n have cleared both groups ipcc n of CWA inter respectively,now want to give cwa final exam ,got registred but they demand 6 months training ,filled form 112 n submitted same to ICAI ,now sum1 plz help .

I will be completing my 1st year of articleship on September'13. Since I have registered from direct bcom I have not yet cleared any of the intermediate groups. I want to know whether I can do my GMCS-I after clearing IPCC 1 & 2. Is there any hard & fast rule that I have to enroll for GMCS-1 before one year of articleship? Please advice

Online filling tax return is mandatory if salary exceeding by Rs. 500,000/. ?

I WAS ENROLLED FOR PCC AFTER PASSING CPT ON 05.08.2008 BUT I TERMINATED MY ARTICLSHIP ON 05.01.2009 COMPLETED 5 MONTHS ARTICLESHIP AFTER THAT I JOINED PSU. NOW I AM INTERESTED IN CONTINUING THE PCC. KINDLY GUIDE ME.

I have opened a new company on 14 feb 2013 n got an order amounting to about 18 lakh in the same. Please note I had made only one invoice in the financial year in date 30/03/21013 for which the payment get credited to my account in April 2013 now please clarify

1. Am I liable for mandatory service tax registration in last financial year?

2. Please mention the limit for exemption in service tax in present financial year.

Hi friends,

Just want to know is there a way out to settle penalty for late filing of TDS returns of ₹ 50,000. Can assessing officer waive or settle out of office or some other way?