I pay commission to Non- resident(USA) for services rendered in india.

What shall be the tax rate.

Regards

I will be eligible to appear in Nov. 08 exams since i was registered as a student of CA Final Course and Article Trainee w.e.f. 01-06-2006. First exams under the CA Final New Course will be held in Nov. 08. Therefore should i switch over to CA Final New Course or Not.

Can an NRI invest in realestate in India? if yes what is the procedure i.e. any permission from the RBI to be got.
Also if he wants to fund the investment by taking a loan against the same from a foreign bank, is this allowed.

Dear sir

our client is a works contractor. They undertakes major works and some part of the work is subcontracted. Main contractor collects whole amount from the contractee and also collect service tax from the contractee for the whole contracted amount. The subcontractor claims service tax on the bill raised by him.Is there any remedy to avoid the payment of service tax to the subcontractor.

hello,
please give me information about maximum available leave for article trainee after pe -II. As my ca final attempt is due on may 2009 and I'm tensed about my study. I'm doing articleship.

A ltd is land owning company. Company recd licence for development of plot. Before development,demarcation company has entered into agreement to sell with B Ltd. for sale of 80 % plots. B Ltd. has given part consideration for this with a understanding that he can nominate any other person. After this agreement B Ltd. has entered into agreement with individual buyer for purchase of flat.

B ltd received his profit and money (which he has given to A Ltd.) and he nominate to individual buyer.

A ltd. will directly register the plot in the name of individual buyer.


Now my question is that Whether B Ltd. is liable for service tax on profit earned by him above ?

Whether he will be treated as Service Tax Agent ?

If a Hotel ‘A” of Group “XYZ” is registered under the Service Tax Act and paying the service on the service provide by him like rent of Banquet Hall and Mandap Keepar

If the same hotel construct the other hotel building and he :

1. Purchase equipment and paid central Excise duty on it

My Query is :

Can he take the credit of Central Excise duty paid on the equipment

Can he adjusted the credit of excise duty against the the liability of service tax payment on Rent of Banquet Hall and Mandap Keepar

What will be difference he want to take the above credit or adjustment against the liability of any other hotel of Group “XYZ” .


pushpendra2@yahoo.com

under which section the tds on hiring charges of buses should be deducted- whether under sec 194c or 194i. what interpretation i am deriving is sec 194i asks for decuction of tds on plant & machinery and income tax act has recognised 4 broad categories of assets:- land, plant & machinery, furniture & fixtures and buildings.so buses fall under plant & machinery category & consequently tds should be deducted under 194I not 194C

i M CURRENTLY CARRYING ON VALUATION OF STOCK .
I M FACING TROBLE WITH TRANSCATION WHERE MAJOR PURCHASE OF STOCK ARE MADE FROM SISTER CONCERN.
I DOUBT IT BEING FICTICIOUS ENTRY
HOW DO I TRACE IT UP ?

PLEASE GIVE OPINION WITH REGARDS TO DIFFEREENT FACTS AND CIRCUMSTANCES

Dear Sir,
pl provide me the details for teh following
1. How to value the share when a merger is taking place ?
2. What are the proceedures to be followed for merging a non listed co with a listed co
3. How to value the Listed co share

I require the detailed steps with an example.
Thanks
Regards
Gunasekar