Dear Sir,

Our company is an infrastructure company we are doing swerage work(includes laying of pipes for swerage system) for municipal corporation in maharastra. we have started the work in the year 2009.
kindly suggest me on aforesaid issue whether service tax applicable or not from the financial year 2009-10

A person of Indian origin came to India 3 years back. he wants to start a new company. For this purpose he wishes to acquire a loan of 3 crores from his sister who stays in India and is a resident. can he obtain the loan in his NRE/NRO account or he has to open new bank account

Sir

In the case of a new partnership firm rendering IT relatd services what is the procedure for registration for service tax.The firm's billing will not cross the limit of Rs.10 lacs for the current financial year and has just started rendering services for which bill to be raised.

Kindly advise

Dear Sir,
I sold my flat in Dec.2010 for Rs.2500000/- and the long term capital gain was Rs.1310783/-.Then i purchased a plot of 300 yards and started construction.I spent Rs.1365463/- on construction before 31/07/2011 and showed it in my Income Tax return filed in July 2011.YES I HAVE CLAIMED EXEMPTION U/S 54 IN MY INCOME TAX RETURN. After that till date i had spent a total amt.of Rs.3694000/- including capital gain amount of Rs.1365463/- on the construction after taking a loan of Rs.1200000/-from the bank.But the construction is still incomplete requiring atleast another big amount of Rs.700000/-.
Now i am out of funds having no other source to raise money.Also i had to make arrangements for the marriage of my daughter in the next 7-8 months. So now i want to sell this UNFURNISHD HOUSE.
What are my TAX LIABILITIES in this case.
Please guide me accordingly as i am under great tension.PLEASE ELABORATE THE REPLY BY MAKING A CALCULATION.
Tanking you.
ARUN SHARMA

Dear all,

Form 16A TDS certificate not able to download from NSDL web site. its showing message like data updated before 31st october 2012 only available. what to do data update after that. Whether form 16A is to b issued manually as were doing earlier? Kindly guide........... Thank you

Read more at: https://www.caclubindia.com/forum/tds-certificate-228820.asp

I have a 500 yard plot. There is another person having a 500 yard plot right next to me.

Now we both want to construct a property in it. It is just a single project and we dont want to do it after that.

Should it be converted into a partnership and land be transferred to it or can we do the same as co ownership by spending equal amount and sharing the sale proceeds.

A company's staff gratuity is being managed by LIC. Pl clarify on the whether payment made to LIC, balance in the fund should be shown in the books of the Company ?

2. Whether Gratuity Trust creation is a must. What transactions are to pass through the Trust Accounts.

Sir

Our company, a builder strted operation during the yr.2010-11 and the service tax registration was taken on June-11 only. We filed the return showing the income of 2010-11 and availing the CENVAT credit also. Now the Service Tax auditors issue us notice demanding tax saying that we are not eligible for cenvat credit related to the period before registration.

The dept. was assessing the collection before registration period and want us to pay tax. Please advice me how to proceed. Shall we approach higher authirities to allow credi.

Expecting your earliest advice.

If a company often hires car from a same individual as and when required ( the vehicle is not hired for specific period) then this kind of transactions will comes under 194 C or 194 I or it will neither covered under any of these section ?

Hi

Please provide me the board resolution format for transfer of current account from LVB, Alwarpet Branch, Chennai to LVB, Malleswaram Branch, Bangalore.