Rural Agricultural Land purchased on 1st January 2006 for Rs. 4,00,000
This is sold on 1st January 2008 for Rs. 10,00,000
Is Capital Gains attracted.
Profit under which head should be taxed,if taxable,give section
Or it is not chargeable
Plz explain

What is the celing limit for Tax & Statutory Audits for an auditor?

Dear Sir,

1. Is a Hire purchase company liable for service tax? If so what are the amounts chargable to tax?

2. Can a partnership firm be floated for making hire purchase business? What are the formalities required for floating Hire Purchase Business?

Dear Sir
I hv One Query regarding last Date of Form FC-GPR Part-B Annual Reporting of Foreign Remmitance and Outstanding Liability.
Whether this date is 30 June or 31 July
plz confirm me
futher i want to know that if it is not filed within time what are the consequences availble to the Company.
plz provide me detail procedure
thanks a lot

Whether Accounting Standard is mandatory for individual businessman And Partnership Firm

Dear All,

I have taken registration under the service tax governed by finance act. I want to know that should i charge service after thresh hold limit i.e Rs. 1000000/-or i have to charge servicce tax since begnining starting from 1 bill. If i am to charge service tax after Rs. 10 Lacs then if suppose my turnover is below Rs. 1000000/- for whole of the year. then what should i do? I mean filing of just NIl return or what or thereis any compliance to fulfill?

Please update me for the same.

income earned in foreign ,proceeds not repatraited to India in the relevant previous year ,those proceeds are taxable in which AY?

Dear sir
one Pvt Ltd Co is dealing export and import businees.
i just want to know that when company made export sale and sale value received in foreign exchange whether any FEMA Compliance attracts on receipt and payment of these payments.

we have one party, we have paid to party Rs.40,000/- per month Rent & we have deducted the T.D.S. on rent. But party has chared Rs.15,000/- for annaul maintainance charges.

Can we deducte the TDS? yes, then at what rate we have deducted the TDS

we are paying service tax on outward freight GTAon 75%.
1) can we take input of it.
2) if we are not providing any other service against which credit taken in 1 so can we claim of refund of duty paid on GTA service if yes refer provision.