Sir,

A Builder has two under Construction Projects, say Tower A and Tower B.

A party has booked a flat in Tower A on 01/04/2016 and paid Rs.10 Lakhs to Builder. Builder has paid Service Tax and VAT on the amount to Govt.
Later, the Builder has got Completion Certificate for Tower B on 01/10/2016. So the party has cancelled his flat in Tower A on 15/10/2016 and booked a new flat in Tower B for which Service Tax and VAT is not applicable. The party told to transfer the amount paid for Under Construction flat to the fully occupied flat.
My query is, in the above situation,
1. Whether the party will be exempted from paying tax on fully completed flat? Or whether it will be treated as an attempt of tax evasion?

Expecting your valuable reply.

Dear sir,

My Client Engaged in the activity of Advertising Agency for Print Media and Television, he collects services tax @2.25%(i.e on 15% discount he obtained from Print Media) for Print media and 15% for News channels bills, now we want to pay service tax under which head we have to pay service tax weather it is under advertising Agency service or Selling of Space or time slot for Advertisements ????.

my client automobile dealer ,we sold two wheelers by cash but after Govt introduce new coloum finance act year 2017-2018 limit 200000/-
now sir my question how can he will sale vehicle, maxim customer buying by cash price of 50000 to 60000 onward. now my dealer expect full amt cash or partly or by cheque/online
please sir give a solution for above quaery

An individual is having 3 proprietorship firm. He is maintaining books of accounts for all the firms separately and in his individual name also. My query is which Balance Sheet and PL to be taken into account while filing ITR 3 i.e consolidated BS/PL of firms or his personal BS/PL.

why it is paid ? how much is exempt ?

I have received a notice u/s 148 for escapment of income for the ass.year 2010-11. The notice is dated 31.03.2017. The notice was received 03.04.2017. the date of posting is 01.04.2017 .Is the notice valid ?

venkateshrao

Please help understand the following.

I (daughter) want to gift my mother Rs 5 Lakhs via check or bank transfer. Is cash gift a better option although not my preference?

What tax implication I and my mother may have per this transaction?
What precautions and documentation I and she may need to fulfill any tax obligations if any?

Please help so I can make an informed decision within legal guidelines.

Thanks,
Preeti Ahuja

Dear Sir,

Please suggest me to how to prepare for IPCC exams.

what are the updated books can i buy to give my attempt for nov 17 exams.

my sro no: SRO0555570

Dear Experts,
Can i withdraw the Rs. 3 Lakh cash from firms's OD A/C in single day? If so what will be consequences,

Thanks In Advance
TANVI AGARWAL

How to open income tax file for a new assessee. And how many return may be filed. Earlier we can file only 2 year return .