i have carried forward loss of futures & options(f&o)for asst year 2005-06 when it was treated as speculation loss.But For asst year 2006-07 F&O Profit has been given the status of business profit through budget announcement.so now what will be the fate of my speculation loss.can it be set off against f&o profit in asst year 2006-07 or it has to be set off against speculation profit only.

Dear friends,

I would like to have clarification on the following issue:

House property cost as per books Rs.40.00 lakhs - on entire damage of the building Insurance claim received for Rs.50.00 lakhs. Please give your opinion on taxability of the excess amount of Rs.10.00 lakhs

Whether service tax is applicable on rent of diesel generating set

Sir,
We are a Residential Township Construction Company.

There are two companies under our group.
Company A is under obligation to build the Infrastructure for Company B after which Company B will build the Houses.

Now at the time of issuing infrastructure construction bills, I encounter with the following queries.

1 Company A used both labour & materials for building infrastructure. How we should raise the bill? Are VAT & Service Tax both applicable? How should we calculate both of them?

2 If Company A charges both VAT & ST in bills, will Company B be able to take input credit in its ongoing activites?

3 Plz suggest any special provision, if any hit us anyways..

4 I have heard about WCT/WSC. Do we come under this?

We are in Gujarat

Plz suggest in detail…

Bhargav
97277 07911

sir/madam
can be utilize the cenvat credit of professional services received for the payment of service tax on transport services received(which is covered under reverse charge)

can a loss from Owing and maintaining Horses can be set off against other income (inter source)

or can it be carry forward to how many years

under which section

what is slump sale?what are the provision in income tax act relating to slump sale?
Is slump sale liable for sales tax?

Is it necessary that a separate numbering is needed for ARE 2 as compared to ARE 1.Or shall I give the continuation no. of ARE1 for ARE2.

Also What are the documents to be collected by the nanufacturer if he is billing the products manufactured by him in FORM H.

We have finalised and submitted the half yearly return but for certain services we have to issue credit notes to clients.

What would be treatment of credit notes against services to clients

Regard

is tds to be deducted on interest charged by india bulls finance services ltd.