Sir,
3 Brothers have a land in joint name. They make a partnership firm for construction of building on land. On land, 6 shops and 6 resenditial flats have been constructed through capital contribution by partners and term loan from bank(TL was in the joint name of partners). 3 Shops and 3 flats have been sold by the partners individually and rest shops and flats to be sold by the firm. What will be the service tax laibility on the Firm or on the partners individually. Further, Whether the firm will also liable for VAT.

Can i deduct input service charges(ST on Telephone Bill, Hotel Bill, Restaurant Bill, Etc.) from the output service charges before paying service tax in government account?
i have business of Travel Agency and Transport Services in Delhi.
please answer me..

thanking you..

Dear Experts,

Please help me in the following scenario:
I was employed from April 2011 till December 2011 with a company where in TAX was automatically deducted from my salary. Since I didn’t submitted rent receipt actuals, they have considered the entire HRA component as taxable and deducted IT accordingly. Also the 80C savings were not considered since the original receipts were not submitted.

Now i am filling the ITR-1 form for refunds. Please clarify me on following:
1. How should I claim HRA exemptions? I know the calculations for HRA, but not sure where to enter in ITR 1 as there’s no section specifying HRA exemption.
2. As I was reading some of the blogs, it was mentioned that I should deduct the HRA exempted amount from the total salary and then input this new amount as my taxable salary in ITR-1. Is this correct ?
3. If yes, then how IT department will assess my claims, as no documents are attached with ITR-1. I have the pdf softcopies of all the documents, but not sure when and where to produce it as evidence of my filling.

Your guidance in this respect is highly appreciated.

Thank you.
Ajoy

can anyone plz tell me what are the accounting entries in regard to income tax of a proprietor?
whether it is a part of capital a/c or should i show it as a TDS Receivable in current asset?
plz its urgent..........

Is Service Tax applicable to Works Contract or Labour Contracts done in Railways Work shops or their Premises .

The scope is Installation , Wiirng , Testing Commissioing of Railway PAssenger coaches or Electrical / Mechanical Furnishing Activity for Coaches.

Plz conf on such scope of work where no supply element is involved is Service tax applicable incase the customer is Indian Railways or PSU Railway.

are banks liable to charge service tax oon ledger folio,postage charges?

THE DEALER HAVING ENGINEERING WORKSHOP IN MIDC AND ALSO HAVING EXCISE NO . HE IS ISSUING LABOUR CHARGES BILLS AND COLLECTING SERVICE TAX SEPERATELY IN THE BILLS HE IS ALSO PAYING SERVICE TAX ON CERTAIN EXPENSES TO OTHER PARTIES SUCH AS TESTING WORK SECURITY CHARGES AND THEY ARE ASLO CHARGING SERVICE TAX IN THIER BILLS ASLO.

THE DEALER CAN GET THE FULL DEDUCTION OF SERVICE TAX PAID BY HIM ON SUCH EXPENSES INCURRED AGAINST HIS COLLECTION OF SERVICE TAX
PLEASE EXPLAIN

sir,
plz suggest me reference site or kindly explain me the procedure related to import and accounting treatment of the same

1. how will we treat import duty paid and other expenses related to import like destuffing charges, storage charges, detention charges etc in accounts.
2. why the amount entered in the delivery note deffer from bill of entry

MY QUERY IS THE SERVICE TAX APPLICABLE ON LOADING & UNLOADING CHARGES.

MACHINE LOADING & UNLOADING CHARGES.
GOODS LOADING & UNLOADING CHARGES. ETC.

PLS.HELP ME.

director (transferor) of company A has sold out 100% shares to Company B in which also he is the director.

Would capital gains attract...? if yes..then to whom...the director of Co. A or Co. A itself.

At what rate...?

Is the benefit of indexation available..Pls suggest.

Please provide me a link to the provisions.