Dear All,

One of my friend runs an automobile agency.
Where he books bikes for his clients.

He collects cash and cheques from his client and gives it to Kinetic Company.

The Company gives Bill directly in the name of owner.

Now in this situation what will be applicable to him.

When he receives cheques from clients he gives them the receipt

But he does not purchases bike from showroom in his name, but he issues cheque from hsi bank account.

As he is not purchasing bike, will VAT be applicable?>

And how can service tax be applicable if any.

Dear expert,
I would like to know that, whether now it is mandatory to fill office address in amended form 49A, in case of a business man
furnishing code no. 20 and he has no particular place of business (as he is a street vendor)
Please advise me.

Sec 54
An assessee sold a house and he got the LTCG of Rs. 10 lacs.

Now he invests Rs. 25 lacs for the purchase of new house within 2 years so as to exempt his LTCG u/s 54.

He solds that new house within that year only for Rs. 40 lacs.

Short term cap gain will be cal as follows.

Sale Price 40
cost (25-10) 15

STCG 25

Now my question is.
If he again purchases sum other new house again for Rs. 17 lacs in the same year.
What would be his STCG ?

what are the best coaching classes for ca-ipcc in kolkata???

Good-morning, we incorporated a Pvt Ltd last year in June, we are foreigns, our company secretary informed us about the FCGPR only last week.
Now we are facing troubles as we remitted the money in cash...not by Int. wire transfer. Because of this the bank is not providing KYC and the FIRC

It seems that also our CS doesn't know hot to go on...he suggested us to open a personal account at the bank...

The second question is about the rate for CS services, are the charges regulated? how can I compare the prices?

Many thanks

Should a comapny pay CDT if the comapny has proposed dividend(which is not yet approved by the shareholders)withing 14 days of proposing?

Sir/Madam
I m CA final student going to give 2nd group this may is my 1st attempt i got leave from today from office
My Studies for DT and ISCA are complete but nothing done about Costing n IDT
What should be my strategy if i want exemption in 1 subject?
How can i get exemption in dt studying 4 5 days?

hello sir,
i have completed my ipcc 1st group in november 2011 and i have not yet joined articles ,not completed orientation course and thinking of joining articles after completion of 2nd grp.
from may 1 2012 onwards ICAI has introduced 2 GMCS during articles period
now my question whether it is necessary to complete orientation course before joining articles

Dear Sirs,
An employer pay following Fixed Allowances to his employee in monthly salary :-
1. convyance Allowance
2. uniform Allowance
3. Attendant Allowance
Can employer give Exemption U/s 10(14) if yes than how much amount will be exempted and what type of documents should be collected from employee for exemption

Hi,

If a farmer is doing farming along with business then what would be the income tax implication on him.

Does he need to pay tax for his business profits.

Could you please advise.