Sir
i had given 1st group of ipcc in nov'12 and passed it in first attempt.. i have already completed my itt & op !! should i apply for the articleship now or should i wait & first clear the 2nd group of ipcc and then aplly for the articleship..
please help!!

Hi..

An agriculturist has sold his agricultural land after retaining it for 4 years for a consideration.

The land is 30 kms from municipal limits.

Is the long term gains on sale of land taxable? There is no further reinvestment in another agricultural land.

Thanking you.

can we claim the service tax paid on services availed before starting the commercial production in a hotel industry? If yes what are the procedures we have to follow? Please guide with some notes.

An Assesse is A director On TWO of Companies having Interest on Housing Loan of Rs. 1,00,000 ,

I.e he can Claim Deduction U\S 24 now my Query for Computation of Advance tax liablity Individually in for each company

How Do we take the interest Of Housing Loan Can we take Proportionalty or Take On Some other BASIS







Thanks A lot in advance

As per the RBI Press Release dated April 8, 1999, The company will be treated as a non-banking financial company (NBFC) if its
financial assets are more than 50 per cent of its total assets (netted off by
intangible assets) and income from financial assets is more than 50 per cent
of the gross income. Both these tests are required to be satisfied as the
determinant factor for principal business of a company.

Can anybody tell me, What is GROSS INCOME? is it the Total Sales + Interest Income/ Gross Profit / Profit Before Tax?
For Example Company A is a manufacturing concern. During the year Total Sales is Rs. 500 Crores. Interest Income Rs. 100 Crore. Profit Before Tax Rs. 180 Crore. Whether it is NBFC?

Sir
The company has dealing in Medical Transcription work. The company has registered in USA.
The Company has bank account in USA base Branch where his revenue credited in dollars. However, company has branch office in India and all related work done in India. Sir, let me know the following
points.
1) The company should be registered
in ROC (India)
2) The company Should be registered
in Sales Tax (India)
3) The company Should be registered
in Service Tax (India)

Whether Company has to pay Income Tax, Sales Tax and Service Tax ?
How to transfer his fund in India (Procedure)
Sir, please clarify the above points as earliest.

i want to upload tds return online i have never registered before whether i have to register in tin-nsdl.com or traces.gov.in and what is the procedure and documents i have to submit and i also want to update my address in tan please advice

my company paid to landlord building rent 67500 pem month, but not deduct tds...so ahead what i do,land lord saying that without tds deducting you paid me rent 67500 per month,,so what i want to do sir,,plz reply

Dear All,
There is a society Registered under the Karnataka Societies Registration Act, 1960. The President, 3 Vice Presidents, 2 Secretaries and three members (totally 9) Constitute Board of Management of the Society to whom the affairs of the Society is entrusted.
One of the objects of the Society is to establish, provide, endow, equip, furnish, maintain, develop, control and manage schools and colleges whether undergraduate or Post-Graduate with such faculties and at such places as may be decided upon by the Board of Management from time to time.
Society takes up construction of buildings for educational institutions, Hospitals and other organizations run by it. The Society also takes up renovation of the buildings. These works are given as contract or got done inhouse. In either case, construction materials such as cement, steel, R.M.C, tiles, electrical fittings, cables, Bathroom fittings are purchased by the society and supplied to the Contractor on free supply basis or directly used in case of inhouse works. The Society procures these materials from manufacturers and or dealers.
The son of the Vice President of the society is incorporating a Company. He has also been appointed as the Director (Projects) of the society. The Company intends to source these items from manufacturers / main distributors & dealers and supply to the above referred institution, sister concern and totally outside organizations. These transactions will be carried at arm’s length price.
Whether these transactions contravenes the conditions prescribed u/s 13(1)(c) thereby leading to cancellation of exemption under Section 11? Please provide the relevant provisions and case studies for the same.
Thanks in advance.

Can I.Tax Dept issue a notice u/s 139 to furnish various details to the person not having PAN?