Does anybody have the new ST 3 form which was amended very recently. Please send it to as soon as possible either on this websit or on my personal email id : tarun2507@gmail.com

Hi,
I am doctor and my professional income for the financial year 2007-08 is Rs.4 lakhs. During the financial year i traded in F&O. The gross sales in F&O is Rs.369579265/- and purchase value is Rs.370845054/-. The net loss amounted to Rs.1265788/-. Do i come under the purview of Sec 44AB.

Regards,
Priya

hi,

i wanted to know... if after calculating the wip.. for a real estate co as per AS7.. shud we pass any journal entries for the same.. how shud the income n exp be shown in p&l a/c aftr calculation??

Property buy and let out on rent for commercial purpose.
Rent Income treated as Income from House Property. Is it correct ?

Total Interest Paid on borrowed capital is allowed from house property income or limit of Rs. 150000

Whether a company is beneficial to form or a partnership firm under the following circumstances.


Unit is to be established in SEZ where 100% exemption is there and unit intends to distribute it`s profits to promoters/partners.

As far as my opinion is concerned,partnership firm is better becoz in company case,dividend distribution tax is applicable.

Sir

i have one doubt in Works contract 12.5% Tax

labour exemption 33% in Karnantaka VAT Act
if that amount not in book, Std elegible 33% or Books.
Ex: 1000/- Contract Receipt
33% - 333/- as per Kar-VAT Act Labour
Books - 250/- Actual Labour
which one exemption in VAT
Regards
Tajoddin

Dear All,


Please clearfy me TDS Return Revised, Now i issueing certificates, i have original & revised Acknowledge No.s which no. is mention on TDS Certificates.


My Mail ID durgaprasad@asterinfratek.com

Your's
Durga Prasad Garaga

A company is undertaking software development activities solely for a foreign company and it is considered as export of service under Export of Service Rules. The company is paying service tax on various input services like professional charges, rent on premises used for software development, audit fees,telephone expenses, etc.

Can this company claim refund of the service tax paid on all such inputs and if so what procedure to be followed.

my querry is that I'm the head of the family and unmarried. As my father has expired recently I have paid the fees of my brotther for the PG, is such amount paid for the course fee exempt from the tax and to what level the amount can be exmpeted and under what section.

2. My employer has given me some amount forr thhe further education in software is that amount can be acqiuiered as exxemption under the educational scholarship.

Hi,

I just started a trading organization representing foreign suppliers in India. The sale happens directly between the Indian buyer and the foreign supplier. Since, we facilitate the transaction we get agency commission on each sale. This commission is directly transferred from our foreign supplier to our Bank Account.

We want to know whether there is any service tax applicable for such agency commissions??

Please note, our foreign supplier transfer payment in terms of % of the sale value and hence we cannot charge any service tax to them.

Kindly clarify?