I would like to know whether a trust can have multiple PAN??
Say if the trust is running an educational institution , than can the primary section have different PAN than PAN of Secondary Section or junior College...

Is earnest money forfeited loss under the head capital gain for buyer on default of buyer

Dear Experts ,
Gm.

One of my client is Advertising agency.
Gross Receipt in FY 2011-12 - Rs. 40 lacs
During FY 11-12 Rs. 3 lacs debtors were there. Service Tax on same is paid on Accrual Basis (i.e. paid in FY 11-12 itself).

Now as per amendment my client is again eligible for Payment of service Tax on RECEIPT BASIS (As Gross recpt in previous year is less than 50 lakhs ).

My Query :
Bill Raised during April - June 12 - Rs.10 lakhs
Amount Received during April - June 12 - Rs. 3 lakhs (Totally against o/s balance of debtors as on 31/03/2012.) Not a single penny recd. against current year bill.

Now do i require to file the return of ST for these period?
If yes how to show these transaction?

Thanks in advance.

DEAR SIR
i am here with a query related to LTCG , my father purchased a land in 1988 for 48,000 inr, then constructed a house on that land in 1992 INCURRING COST OF AROUND 4-5 LACS (constructed area around 1800 square feet) then again did some construction on 1st floor in 1998 of around 400 square feet.
then he sold the house in 2011 for 17 lacs...according TO indexed value that i have calculated the indexed cost of (purchase of land + construction) is equal to sale amount i:e 17 lacs in 2011...hence he has not to pay any income tax..pls throw some light on it...also does he required to mention the LTCG in his return even if there is no taxable ammount in LTCG.

KIND REGARDS
IMRAN

Respected Sir please, resolved my query.
Suppose a person withdraw a amount from ppf after 3 years and investing the same amount in PPF account again.
Then same amount is again exempted under section 80c.
Example Suppose A has investment in PPF A/c after 3 years he withdrew the amount and the very next day he invest same amount in PPF a/c. Whether he can claim exmpetion under 80C???

Hi everyone,

i have entered correct PAN then also when i upload the ITR 5 (firm) the following error is shown.

"PAN mentioned in Personal/Verification section is invalid."

What could be the reason ?

Dear Sir,
We are in the business of restaurants and hence forward we will be entering the catering business so i want to know whether service tax will be applicable and if so what will the vat and service tax structure if i am raising the bill for Rs 12,00,000/- all inclusive (ie.lunch @ Rs 1000/- for 1200 persons)


Regards
Daniel

Dear Expert,

A foreign professional person is providing prof. services to our company. so how to deduct tds on payment to him & the procedure in issue of TDS certificates .

pls. answer it.

Sir, this year I purchased an Agricultural land (Situated within 8 KM of Muncipal area) on 23rd August, 2012 in Rs. 10000000 (One Crore) paid by cheque. I purchased the land by taking loan from my husband’s firm.

Now I want to sell my other agricultural land (Situated within 8 KM of Muncipal area) which was acquired in the year 1968. But I am going to sell the land via plotting (i.e. Residential purpose) in 2012 to save my capital gain. I will approximately get a bit more than 1 crore.

I have purchased the land before selling a land.

Will I get exemption from capital gain tax in this financial year? Where can I find books & documents relating that?

Details-

Purchase New land (August 2012) – Rs. 10000000 (One Crore)

Sales of 1968 Land via plotting 2012 (after November, 2012) – Rs. 13000000 (One Crore thirty lac) approximately

Difference = 3000000 (Thirty Lac)

I think that I have to pay the capital gain if the difference amount is more than the indexed cost of land (1968) + investment on that land (1968).

Please help & Advice.

Thanking you

there is company incorporated since 1994.
all the directors took the din no. when the notification for din came except for one director. so if we take the din for that director at present date, then can we appoint him at back date? as its its showing the error while prescrutiny that din is not associated with the company?