There is an organisation named CITI GROUP.These group collect money from general public & purchase plot out of these money on investor name( public). A Particular plot on name of say 4-5 investor . These Investors are traceble.The investors are the owner of the plot for a fixed period & they( CO.) will construct some bulding ( purpose of may be giving building on rent or business use).During this period, company will pay rent to the investor for a fixed period. After this fixed stipulation, the company will become the owner of the plot ( As per the agreement )& the principal amount that had been collected initially will not be refunded to investor.SO CAN YOU PROVIDE WITH ITS TAX IMPLICATION FROM INVESTOR VIEW POINT.

1) IN WHICH HEAD WILL RENT INCOME WILL BE TAXABLE ( PLEASE NOTE THAT DURING RENT PAYMENT PERIOD , INVESTOR ARE THE OWNER O THE PLOT.)

2) DEDUCTION OF INITIAL INVESTMENT WILL BE AVIALBLE TO INVESTOR ON PROPORTIONATE BASIS OR AT THE END OF THE FIXED PERIOD AFTER WHICH CO . WILL BE OWNER.

3) AT WHAT VALUE WILL BE PLOT RECORDED IN BOOKS OF COMPNAY AFTER THE FIXED PERIOD.( SINCE CO. WILL BE OWNER OF THE PLOT AFTER THAT PERIOD)

we are manufacturar exporter .we are using various services in regard of producing the product
we have a large amount of sercice tax credit in our books
can we get the refund of that credit laying in our books

pls provide us the whole procedure and way of getting refund

thanks & regds

RK saini

Dear All

I am facing a very technical problem.

The thing is that I prepared ITR 2, For F.Y. 2007.08 in Income Tax software and after wards uploaded the ITR for A.Y. 2007-08. Which was not to be happened as the same was to get uploaded for A.Y. 2008-09. and due to slab system now IT department has raised the demand of Income Tax for F.Y. 2007-08.

NOw I dont know that How to respond to this matter?

If a new machinery (other than ship and aircraft) is purchased during FY 2008/09, can the company can claim additional depreciation over and above the normal depreciation.

(ie 15% for Normal & 20 % for Additional Depreciation)

Is it applicable only for new industrial undertaking which begins production in FY 2008/09 (OR)
An Old Industry increased its Installed Capacity by more than 10% due to the said machinery.

Kindly suggest me in this regard

Dear Sir

I would like to know the treatment for the mentioned matter:

Our labour contractor is getting our job work done by his regular worker near around 8-10.Now Is he require to register himself under ESI Act.

Moreover if yes and if he is not registreed then do are we liable in any ways?

I would like to add that we and labour contactor hav entered into an agreement underby which we have agreed to apply for registeration of the establishment by the authority under the "contract labour (regulation and Abolition) Act 1970

Besides above , we are having staff of strength more than 50 and we are regd under ESI & PF Act.

Hi, Can anyone answer my query...
if FBT have been paid during the year on expenses which include some amount which is disallowed now due to of personal nature while audit,can the company set off such Fbt paid against the FBT payable as on 31st march,2009 or what should be done?

Pls if any body knows that so answer me as quick
Can we deduct tax at source
as :
Bill 25000
Add : Service Tax @12.36% 3090
-----
28090
Less : TDS (Assumed) 1230
-----

As in this manner or

Bill 25000
Add: Service Tax 3090
-----
28090
Less : ST 3090
-----
25000
Less : TDS 1230
-----

Tell me as soon as possible
Less : S.T

Can anybody solve my quarry on urgent basis...
I have not filed my return for last 3 years. Mine is only Salary and other income (Interest). My Return was Nil income. Last year my ex-employer has deducted TDS from My salary.
What to do and how can i file my all Returns...
Thanks

Dear Sir/Madam,

I would like to know that is it UTN for the A.Y. 2009-10 is applicable while filing income tax return. What about the returns already filed. What is the procedure to see the UTN for the F.Y. 2008-09 from the NSDL website.

Is it e - payment of TDS is applicable to all?

Regards

Sir
i am runing hotel 15 workers worked in the hotel i have paid six worker above 6500.oo in cash and cheques.on rest worker i have deposited the PF
regional P F commissioner passed order u/s 7c and levied 66290.00 PF
What is remedy
it is right or wrong