Two individuals assessees(husband & Wife) having two separate service tax registration, jointly own a commercial property, which has been let out.

Can they save service tax by forming partnership. if yes, should partnership deed be executed before construction of property or can it be signed after construction of property?

Both the assessees are service tax payers in their proprietorship business thus limit of 8,00,000/- in each case has already been crossed. Rental income is 2,40,000/- jointly. I could not understand the last statement in Mr. Dayal's reply. Please explain

Please explain.

A partnership firm while filing half-yearly service tax return(April-Sep. 2007) failed to claim the service tax paid by it on input services. All output service tax dues were duly paid in time.
Now can it claim that credit in next half yearly return(Oct-2007-March 2008). If yes. Please explain the procedure in detail.

Mr. x sells development rights of his old residendial property aganist which, he received cash and one flat in same property.
whether cost of flat at market value or at constuction cost to be added in sale considaration along with cash?
can it be possible to avoid cost of flat,as he is entitaled to receive same area of flat for his own resident, as before transfering development regihts.

Hi i am varun. I have qualified my pe2 exam. I want to join a good firm as a article.A firm deals in only accounting &incometax not in auditing called me. should I join the firm?

Assessee carries a business of growing seeds in a nursery and sales the seeds therefrom.Whether the business will be considered as agricultural income and henceforth exempt from tax or shall be considered otherwise.

Hi All,
I have a query regarding true copy and certification.
Can member of Institute can do the same on member in practise only can do the same? i.e. Is COP necessary for doing true copy and certification of documents such as Income Tax returns and other documents?

Thanks in advance

Assessee is a director in a private ltd co.Now what is the extent to which the comany can pay the remuneration to the director.Is there any maximum limit.

Hi,

Can company give performance linked bonus of Rs 3000000/- to its managing director for achieving certain Target. If yes then is any thing needs to be followed as per companies act.

Best regards,
Samir Ambavi

1.What is the impact on transporter who is not file Service Tax Half Yearly Return having Registration certificate.
2.If he has deposited all the service tax to Department witin time
3. What is the maximum penalty impose