Mustaqeem Khan
03 December 2012 at 13:13

As-7

respected sir/ma'am

A builder who has taken land from landlord on a condition that after completion of construction 40% flat would be given to the landlord and remaining 60% flats would be sold by builder.
Question is that whether above transaction would be covered under AS-7 and how would be profit recognised in the books
kindly help me



Anonymous
03 December 2012 at 13:12

Allowed expence for trust

A EDUCATINAL TRUST WHICH GROSS RECEIPT IS MORE THAN 1 CRORE.....THAN TRUST PAY TO HIS MEMBER SALARY AND OTHER EXP IS AALOWED FOR TRUST?


amit
03 December 2012 at 13:02

Dissolution of huf

my grandfather needs to dosolve his huf can u tell me who are the co-parsners to the huf he has a wife, 2 sons and 3 daughters. and grand sons and grand daughters to all the 5 childrens.
how can he desolve the huf. can his huf be continued after his death? if so who will be the karta? his eldesst son or a daughter or his wife?


CA DILIP KUMAR
03 December 2012 at 12:47

Service tax on reverse charge

Dear seniors
Please suggest whether following will be covered under reverse charge on works contract & rate thereof:
AMC for Muster pay roll
AMC for EPABX/Key Telephone system
AMC for online UPS system



P G JOSHI
03 December 2012 at 12:45

Applicability of service tax

Dear sir,
my one of client is providing the stationery (after screen & offset printing job) to the company and they are deducting tax deducted at source 2%. He is registered under vat act and paying regularly vat in form no. 231. my question is whether he is applicable for service tax also? and what will be the rate of service tax (this is applicable for abatement scheme)



Anonymous

In the negative list of 17 services, renting of residential property is free from service tax liability. If an individual is renting out a residential property to a company to be used for residential purpose or guest house, is there any service tax liability on the individual? Please help, its urgent.


karthik

we are in real estate business and also developers.

My question is :

We are in abatement scheme 3.09%(i.e, 25% on 12.36%)

right now we develop one residential complex and only 40% flats are completed and occupied by buyers, still no society is formed by buyers and my company collects maintenance fee from flat owners and provide service to owners.
In the above situation whether service tax is applicable or not on the advance maintenance fee collected from buyers.

If yes, i require proof to explain to my customers


digant
03 December 2012 at 12:36

Accounting entries

Goods given to employees as free of cost what will accounting entry
e.g a mobile co gave mobile to staff free of cost what will be accounting treatment ?
& what will be accounting entry for stock whether it is shown as sales & if yes what will be the price ?further mobiles given whether it should be included in the salary ie consider as perxs



Anonymous

My client wants to issue 5% share capital of subscribed capital. What is the procedure.



Anonymous
03 December 2012 at 12:22

Housing loan - tax benifit

Dear sir,

We are having two flats (Myself & my wife)

1.My wife is the sole owner of first flat - Loan availed from HDFC only on her name.

2.2nd Flat on our joint name - Loan availed Jointly.

We seek your expert opinion on.......

a) Can my wife claim IT benefit from both loans against Principal & Interest amount?

b) Can we both claim IT benefit partly from Joint Loan?

Your immediate reply will be highly appreciated.

Best regds,








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