My Question is Concern to an Education Society

An Education Society is Constructing a Building it self for office but now it want to make construction of building by a Construction Firm
In this situation Material and Construction costs will remain same but construction firm will charge WCT and Service Tax on cost of construction to Education Society where as in case of Building Construction By Education society it self, there is no need to WCT and Service Tax
Education Society also exempt to pay service tax on Educational Services
My Question is whether any situation is exist where Service Tax or WCT charged by Construction Firm could set off or credit utilised by Education Society

I had just read a detail conversation that as per circular to ITO now daily transaction in share market not for dividend just for earning profit will be taxable as business income can any body can tell me where is that detail or send me that circular on kirti_ganatra@yahoomail.com or give detail of this circular by reply

Waiting for replies

what is the due date for roc return file.

Where a partner brings in his land and building into partnership as his capital contribution,which section would be attracted 45(3) or 50C ? Why ?

hi,
could u pls let me knw the link to download softcopy of nov 2007 ca final Q'n papers
thanks

Hi,

I have registered for Intermediate Course during August 1998 and completed my articleship during September 2001. I believe the following details would be helpful for your opinion:

a. I have completed my B.Com during 1998. I have not cleared any of the Intermediate Group.

b. I have appeared in PE II examinations also and i was not successful in this course too.

c. I have written my Nov. 2007 examination in PEII both the groups.

My question is :

1. Am I eligible for appearing May 2008 examination in PEII if I am not successful in November 2007?

2. If I am not eligible, can you please advise me whether should I register for Professional Competence Course?

3. I happened to read the FAQ of ICAI and as per qeustion no.4, I understand that an Intermediate student who has not passed any of the Intermediate Groups and have not passed the Foundation Examination will be allowed to appear in PEII to be held in May 2008.

Inference is drawn to Q.No.1 here which reads, if a student has got examption under Regulation 25B(1) from passing PE I, then the restriction of 5 attempts is not applicable and he / she can appear in May 2008 Professional Education Course II.

In this scenario, please advise me whether i am eligible for appearing in May 2008 PE II Examination.

Thanks.

A proprietory concern is involved in providing technical labour, technical consultancy as well as sales. It is subject to tax audit under Income Tax as its gross collections from all the three sources taken together exceed Rs 40,00,000 . However amount of sales is hardly around 50000/-. Would it be subject to VAT audit?

Dear Sir,

I have given the CA final exams gr.1 (already creared the gr.2).

I am waiting for the result. I seek for your advice regarding the job opportunities available to me considering my current situation and the one that will suit me the best based on my cicrumstantial qualification.


Looking for your guidance,

Manoj Kumar

caan anay body tell me rate of tax of ice cream under vat itis 4% or 12.5% & entry no. whther it is covered under food stuff please give with details

Mrs X had purchased land before 1.4.81 and constructed building on it(Grnd + 2). Her sons formed a partnership firm in say year 2000 for constructing additional 3 floors by acquiring a TDR from XYZ ltd.Mrs X passed away in the year say 2004 and by will the property passed in favour of her sons.Now they have retained the 1st floor for their residence and the rest have been sold in the year 2006. so my question is:-
a)how do i calculate capital gains tax ?

b)the firm in its B/S shows that it follows Project completion method but have not recognized revenue according to the said method so far and the land and the buld is not trf to firm. so should partners trf asset at book values and then calculate capital gains tax or.....?

Plz help me out with this query of mine ASAP!!!