Are the Expenses on maintenance of Guest House liable to FBT for the AY 2009-10?

One of my client purchased flat in 2003-04 for Rs. 6,35,000/- & made furniture of Rs. 1,75,000/- in the year of purchases.Now he decided to sale that flat in March 2009 @ Rs.17,00,000/-, So my queries are as follows:
1)Is it benificial to sale Flat in the month of March 09 or postpone this decision in next F.Y?

2)Can we take advantage of furniture cost as cost of improvement, if deceision is to sale that flat as furnished flat?

3)Hoe we minimize long term capital gain tax ?

4)Is it necessary to mention flat amount & furniture amount separatly in the Sale Deed?

hi
my client have started a redevlopment project in mumbai- maharastra, werein they will be constructing 14 storied residential cum commercial building as such the ground floor will b commercial and 1st to 7th floor would be given to existing members and 8 to 14 floors they will be selling, now they are constructing the entire bldg on their own, hence would like to have clarification on the following.

a) Is VAT registration required?
b) If yes what are the advantages they can get.
c) Can they procure material for constrcution against C form , can they get the benefit.
d) what would be their VAT liability are they require to collect VAt from Client.
as such they have just started the constrcution activity a month ago.

The asset is wrongly classified as P&M instead of Intangible asset. whether Amortisation/ Depreciation shall be with retropective or propective effect?

Dear Sir

I am Proprietor of two firm.
1. Jai Balaji Hosery

In it trading of garments and turnover is 3650000.00

2. Jai Balaji Trading Co.

Trading of Computer & related goods.
Turnover is about 3500000.00

In my view Seprately firm have no required any tax audit but both company is prorietorship so tax audit required and how.

Harish

As a service provider under Manpower Recruitment & supply agency we are providing worker to Manufacturing Industries in the same way we are also reimbursing the Providend Fund which has been paid

Now our query that Is it require to charge the service tax on Providend Fund as above mention ???


With Regards.

Keyur Vora

What is an Equity Stock?
How is it different from Equity Share Capital(fully paid up share capital)?
What implications do the conversion of Equity Share Capital to Equity Stock has?

I have given FBT on RS.2400/ share (FBT
amount Rs.746/share) but within a year I have sell the share of Rs.1000/- per share. If my sell price was more than Rs.2400/ per share then i have to pay additional tax on the difference amount. My Query is wheather i can get back
the FBT amount which i have already paid.
Is there any provision to get back FBT
amount.

AFTER PASSING MY CPT CAN I ALSO DO MY POST GRADUATION SIDE BY SIDE OR HAVE TO DO IT VIA CORRESPONDENCE?IS COACHING ABSOLUTELY NECESSARY FOR CPT?

dear all,
reply me the procedure and required documents for the purpose of cancellation of service tax no.
thnks