I am in the construction industry developing IT parks and leasing it to STPI clients. To avail 80-IA benefits, the deduction is extended only for profits and gains derived.

1. please clarify whether this deduction can be exended to House Property Income wherein the rentals received from clients has to be considered as Income from House property based on so many case laws. Will the Dept disallow 80-IA benefits if this is being treated as House Property Income.

2. Our activity is not only letting of bare shell but also providing facilities viz., Air conditioning, DG backup etc., Can we consider rentals as Business Income and if so, on what basis we can consider as Business Income. Would request for case laws also to support the stand.

3. Also the objects in MOA of the company includes leasing of the property and based on this can we consider as Business Income and avail 80-IA benefits.

I WOULD LIKE TO SEEK GUIDANCE REGARDING HOW TO ANALYSE DIFFERENT MUTUAL FUNDS

I am student of CPT. I have not good preption should i go for november ?or next? How to preper CPT. Tell about good classis .

The Builder / Promotor imports architects services from a firm in Singapore who does not have PE in India. Can withholding tax u/s 195 be deducted from the fees / payment made to Singapore Architect and send TDS certificate to get the tax set off when he discharges liability since DTAA exists between India and Singapore.

sir
if an individual have Rs.400000 non agriculture income and agriculture income of Rs.700000, then whether surcharge will be applicable or not?

Is service tax applicable on rents received by one division, which is paid by an another division of the same company.

each division is profit center and the books are consolidated.

thanks

Sir,

Query No.1 : One of our client has paid sometimes excess service tax and sometimes short service tax and the same is reconciled at the time of filing the half yearly ST3 return. Now the Service tax audit is conducted and again the figures are not reconciling because bank reconciliation is done after the completion of one year. We are requesting the department to adjust the excess & shortage service tax appearing after the bank reconciliation but they are not agreeing to it. They are of the opinion that you pay the shortage and claim refund of the excess. The period for claiming of refund is one year and my major claim gets lapsed. Pls suggest if there are any case laws in our favour so that on basis of natural justice we can get the adjustment done.

Query No.2: Whether weighbridge charges are taxable under any category of service tax?

if a business entity take a contract of trunkey project. ie fabrication, irrection ad commissioning of complete plant at site in which all material labour are provided by the receiver of contract.

in this stituation what are the implecations of direct & indirect taxes for the contractor. whether on this supply of plant central excise is applicable or service tax is applicable. pls give detailed opinion on this.

regards
ashish mittal

Is there any tax planning that can be made on car allowance for the salaried employees, if so how can we plan

Dear Sir,

Please send the detail of tally to excel . send converter / procedure file for tally to excel.

Awating your prompt reply.

Regards,

Ms. Krishna