Sir,

One of the Company's nature of business is trading in Computor Software and Computor Hardware. And thier Main business is trading in Computor Hardware.

1.is service tax applicable for software sales? if it is applicable, can they avail input credit on telephone bill,professional charges 100%.

Kindly request.

Sir, I want to know whether Recurring deposit made on monthly basis with the Post Office for a period of 5 yrs be claimed u/s 80C as deduction

Facts:The Company (C) has entered into a notarized Agreement landlord (L) for construction of a building on his land say in 60 : 40 ratio. The Broad terms are as follows:

1. Ground floor as commercial and Area of 5 existing shops will be deducted from landlords share on ground floor.

2. 1st floors to 3h floor as residential flats (more than 12 units)

3. The construction of the building is being done by company by engaging daily construction workers

4. The total Super structure is complete

5. So far Company has not entered into any agreement for sale and intends to use booking form for booking of flat and after full payment to execute final Sale deed in favour of would be purchaser.

Queries
LANDLORD’S Allocation
1. Whether any Service tax is payable against the landlord allocation
2. under which section
3. Rate of ST
4. Quantum of ST
5. Date of Payment of Such ST


DEVELOPER’S Allocation
1. Whether any Service tax is payable against the Company’s allocation
2. under which section
3. Rate of ST
4. Quantum of ST
5. Date of Payment of Such ST

say there is a sole proprietorship business ' X Enterprises' whose proprietor is 'M HUF' and the karta of that huf is Mr. M. Now if he reimburses medical expenses of karta M, can he claim it as busuiness expenditure or not ? Will HUF be liable to FBT ?

Dear Friends,

Let me know the formula for calculating interest on recurring deposit.

For example:
If i deposit Rs.2000 per month for 10 years, what would be my interest after 10years @ 15% interest interst.

Let me know the formula for the same.

sir,
can you please suggest me a good book on tally i.e. from Basic to advanced level.
Thank You

I purchase and sell shares so i am paying short term capital gain tax on the profits earned on selling of shares within one year my auditor has said that there is no tax if i have sold the share which was purchased i year back whether there is no long term capital gain tax like in properties i want to know

i am working in a pvt.ltd. construction company and we do not have a service tax no while building flats we engage contractors and we give to them the work like masons, carpentars, painters, electricians, plumbers even they do not have sevice tax no so i want to know the impact of service tax on us, while registration of the flats we register the flat as semi finished flat and we give construction agreements to the customers whether these sonstruction agreements attract service tax or not, we have also developed land in plots and we have sold them to customers and we have collected developments charges whether this development charges attract any service tax i want to know

A Ltd. firm had let out the house property owned by it to the employees of its sister concern, B Ltd. Under what head of income should the income from the house property of income from the house property of A Ltd., occupied by the employees of its sister concern B Ltd., be assessed? Can A ltd., claim that such income is not chargeable under the head “Income from House Property”, on the ground that the property has been occupied for the purpose of its business or profession?

Can the expenditure incurred by an assessee to remove an encumbrance be allowed as a deduction u/s 48, in the following cases:-

„« where the mortgage was created by the assessee himself;
„« where the mortgage was created by the previous owner.