I am providing the service of repair and maintenaance to my cleint. The material used at the premises of the cleint are billed directly to the client but are consigned to me. Can I can take credit of the cenvat of the said inputs used by me for providing the taxable services. the billing of mine will include the cost of material issued to me for using in the said contract.

Kindly guide me for the said cenvat credit backed by legal pronounment or rules of the cenvat

For assestment year 2006 - 2007 where more than one assest has been transferred and the aseessee has invested the profits arising out of such transfer in NABARD bonds (3 years) in each case of transfer. The income tax officer allowed only one exemption claiming that 54EC uses word 'a' capital assest in its defination and hence can be applicable to only one assest in the relavant year. The profit arising out of the remaining assest will be taken as LTG and taxed accordingly.
Assesee would like to appeal that
The word ‘a’ does not necessarily mean ‘ONE’ only. The word ‘a’ used as per English grammer also refers to ‘ANY ONE UNIT AS REPRESENTATIVE OF A CLASS’. For example, ‘A’ pupil should obey his teacher or ‘A’ cow is a useful animal. Here in these sentences, ‘A’ is used, to mean Any One In A Class. This was the intention of the legislature as per assesee.
Is the assessee right ? Please note that here the 54EC exemption has been disallowed at the source of and not the destination as in the case of Sushila Jhaveri where the proceeds were invested in more than one flat.
Please help by your opinion

Arrears of VI Pay Commission Receiveabe Should Consider for HRA Exemption & should both basic added or what basic should added


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Regards,
Ravi R Gurnani

My client has purchased a land for Rs. 5.00 lacs and has paid stamp duty on the sub-registrars value which was 15 lacs. After 3 years he has sold the property for 30 lacs.

My question is, for the purpose of calculation of capital gains, the cost of acuqicision is the actual payment of Rs. 5 lacs or the sub-registrars value of Rs. 15 lacs.

hi, LIP Amount paid in cash, this amount is Deductable under section 80C ?

At the time of calculating Service tax, how i have to treat the Detention Charges?

Sir,

I want to know which banks are into Venture Capital and also I want to know in detail about VENTURE CAPITAL.

Thanks
SF FRANCIS

We are in the business of construction of mobile towers and renting the same.
We charge service tax on such rent.

We take services from contractors for construction & installation of towers against which they charge service tax on such services.(service tax on works contract)

This would be services for construction of fixed assets.

Now my question is whether we can get input credit on such services?

Also suggest wether we can get input credit for excise duty paid for purchase of capital goods.

please tell me in detail about industrial
traning. i am waiting for my C.A. p.c.c.
results of both groups given in nov.08 .
i am woking in a middle firm but if i join
industrial traning then company will not
give any leave for study and with no practice how can i give exam in nov.2010 for
c.a.final so i am confused and want to know how rank holders do in these type of situation whether to study or do practical
traning with no study time due to heavy work load of big co. work in industrial traning.

my querry is that

we have construct a building having more than 12 residential unit.

will service tax exempt if we made a development agreement with owner.

or is there any way to save service tax liability?