Hi every body.

If a contractor recived some material from his client at free of cost and also not including in his bill. Pls tell me whether it will be include for the purpose of calculation of service tax or service tax not to charge on free material.

which is best book of business law,ethics & communication for ipcc

what are the scopes of accounting?

Hi,

I was allotted a residential plot by HUDA in 2002, The allotment letter clearly stated that " the possession is here by offered". I was not aware that I also had to take a posession certificate from HUDA. I plan to sell the plot in 2009 and plan to complete the formality of collecting the possession certificate. Would the sale qualify for LTCG as per; "

(v) any transaction involving the allowing of the possession of any immovable
property to be taken or retained in part performance of a contract of the nature
In referred to in section 53A of the Transfer of Property Act, 1882 (4 of 1882) "; of I T Act is given u/s 2(47A) which under clause (v) recognise part performance as transfer of capital asset.
Regards
Chetan

Hi,

I was allotted a residential plot by HUDA in 2002, The allotment letter clearly stated that " the possession is here by offered". I was not aware that I also had to take a posession certificate from HUDA. I plan to sell the plot in 2009 and plan to complete the formality of collecting the possession certificate. Would the sale qualify for LTCG as per; "

(v) any transaction involving the allowing of the possession of any immovable
property to be taken or retained in part performance of a contract of the nature
In referred to in section 53A of the Transfer of Property Act, 1882 (4 of 1882) "; of I T Act is given u/s 2(47A) which under clause (v) recognise part performance as transfer of capital asset.
Regards
Chetan

Sir, We had installed one DG set and AC plant in the premises and are providing Air conditioning facility and DG Set (power backup) facility to the shops (which are out rightly sold) / to our tenants who has taken space in this commercial building as per the agreement. We are receiving the fixed charges from the shopkeepers at the fixed rate since 2004. Electricity charges incurred in running the air conditioner and DG set is born by us.

Local service tax authorities is directing us to provide details of amount collected from the clients for providing Air conditioning facility and DG Set (power backup)facility and to pay service tax under maintenance and management of immovable property category w.e.f.01-05-2006.

Kindly advice, whether we are liable to pay service tax? And under what category ( whether under BAS or Commissioning or Installation or MRS or supply of tangible goods? And from which date?

Dear Sir,

I am working in foundry Industries Pl.guide me in case of French Benifit Tax.

Regards,

Vinod.

Dear Sir,

Pl.guide me in case of following queries using 57f4 Challan.

I am working in foundry industries.For shot blasting process we are send the material (Castings) to other party.In that case we prepare 57f4 challan ,but there are so many items and we can't describe the Name of items on that challan.Becase there are short space.

can i Encl other paper to 57f4 challan or can i write the Name of itemes on the back side of Challan.

Please send me on Patilvinodkumar@gmail.com.

Regards,
Vinod Patil.

PLS SENT ME SERVICE TAX RATES & FILLING DATE

For last couple of years, we have been charging Service Tax on Total Air Fare (of Domestic/ International Flights).

Now we have come to know that Service Tax is to be charged only on the BASIC AIR FARE. After checking with my associate Agents I realised that they are changing Service Tax/ Cess on Basic Air Fare (as per Service Tax Rules).

Kindly advise if I should also charge Service Tax on Basic Air Fare.

If Yes, would I be questioned by Service Tax Deptt. as to why we have changed our practice and started charging on Basic Air Fare.

Kindly Advise.

Regards,

Anurag