A company is into business of plotting of a large piece of land and selling these plots off for construction of Residential Property.The company is also making Roads and doing work of drainage pipes.Will this attract Service Tax and if yes then under which Taxable Service

Company purchase a assets in the name of director but payment had been made through company bank account
In that situation weather can capitalised asset in Company books of account and any dis closer is required for that

what should be done in that situation

Dear frndz,
I have a doubt about the cancellation of service tax registration, here X and Y are the partners of XY firm. After completion of service tax registration of firm , they ere not interested to carrying the business.they want to cancel the registration certificate, so plz tel me frndz what is the procedure for cancellation of service tax Registration of the firm......


Thanks in Advance

As per latest judgement by the chennai tribunal in the case of C.Ramabrahmam . interest paid in housing loan forms part of cost of acquistion for capital gain purpose.

My question is that:-

1. whether interest paid will be indexed..

and if yes then:-

(i) whether it will be indexed with the actual cost of acquistion and indexed ,or
(ii) it will be indexed seperataly according to year in which it was paid..

Plz reply.. thanks in advance...

i would like to get clarrified on the below issues

1.whether servicetax is covered for subcontractor? otherthan for exempted contracts

2.If Subcontract is under composite scheme that is charging tax after abatement, can the main contractor claim input credit of such abated tax?

Kindly help me on the following:

Whether HUF the karta of whom is also director of private limited company, can be considered as related party for that private limited company.
e.g. Mr. A is karta of ABC HUF as well as director of XYZ Private Limited. Can ABC be considered as related party to XYZ Private Limited.

what is SAD and CVD IN EXCISE on which items they levied SAD,CVD and can we claim credit if yes how? please it's urgent

Dear Members Please suggest me,


I have enrolled for GDCA course(goverment dipolma in cooperation and accountancy.) , should i have to inform ICAI regarding my enrollment ??

If yes, then in what way should i inform The Institute.



Thanks a lot.

One of My brothers has filed his income tax return online by claiming refund in September.2012. However, after a week of filing of original return online he has filed revised return online by increasing refund amount.

However, he forgot to send signed copy of revised return to Bangalore. He sent this copy after a long time (but within a stipulated period) and it is accepted overthere.

However, before Signed copy of Revised ITR reached to CPC, Bangalore they have processed his original return and gave refund as per his claim.

What are the consequenses? Can he get the differential amount of Refund which he has claimed in Revised Return from CPC?

Hello frnds some name of concepts are changes like test of control, test of details pls confirm the same and if possible explain some more concepts which do change recently