Pardeep Jain
26 October 2010 at 11:13

Deduction U/s 10B

Query: As per Section 10B of Income Tax Act, - apart from other conditions mentioned in section 10B one of the condition is deduction is available only to those business which is not formed by splitting up or reconstruction. So my query is what does the word RECONSTRUCTION means? If a propritorship firm is converted into Partnership firm does this tantamount to Reconstruction? Propritorship firm created in 2003-04 and converted into partnership firm in 2004-05. Are there any case laws available on this issue?

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C.A. LINESH PATIL
25 October 2010 at 22:19

wealth tax

if a house property is self occupied so its value shall be decided as on valuation date.

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Mallika Padmanabhan
25 October 2010 at 21:32

Works contract tax

We are a dealers for Software and doing some services. We supplied a Software to Railways, Mumbai and doing some implementation works for their project. We are doing billing from chennai to mumbai- for Software both CST & Service Tax and for Implementation work- Service Tax.

As we are doing interstate sales and interstate services is works contract tax is applicable.

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Anonymous
25 October 2010 at 20:42

applicability

whether service tax is applicable on contruction contracts received from educational institutions and from military department and on what basis

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haaris
25 October 2010 at 17:00

Agreement printed on both the sided

hi,

is the agreement printed on both the sides of the page, enforceable, or it has to be printed of different pages?

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Anonymous
25 October 2010 at 15:32

Credit of Service tax

Respected Sir,
I have query regarding Service tax credit in the books.

my company is in telemarkiting of Buety product. we purchase the product for USA in bulck and pack them as per our requiredment at through Job work and pay excise duty and sele them through telemarkiting. we receive lot of bill for advertisement co. and for consultant have service tax but we do not take the credit of service tax. could you pls advcie me whether we are elegible to take the credit of servcie tax.
I am asking this question based on the decision in case of Papsi co. where it is allowed to take the credit of servcie tax in reletion to media exp releted.

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Reyaz
25 October 2010 at 14:51

Pension.

My sister's pension is pending as she is unable to open a pension a/c along with her son, who is employed in Dubai. Presently he is unable to come down just to open a bank a/c.My query is:
1. Is it absolutely mandatory for him to have a joint account to enable his mother to draw pension?
2. Is there any deviation for such cases?

Regards.
M.Reyaz
9038171362

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Anonymous
25 October 2010 at 14:25

LTA Exemption Rule.

Hello sir,

A employee journey done by himself and his son (Air Ticket cost Rs. 19,212/-) and other journey after two month (wife & Son Air Ticket cost Rs. 12,874)by Air.

My question is that whether concerned person is elligible for exemption for both the journey.

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Anonymous
25 October 2010 at 13:54

Dissolution of a partnership firm

Hi ALL

I want to dissolve a partnership firm "at will" which carries out the business of investment in shares ans securities. I want to know procedure for dissolution of partnership firm with minimum tax liability

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Anonymous
25 October 2010 at 12:44

query

If a C.A. wants to get registered in some survey company, as a part time job, and get paid for the surveys he takes, is there any requirement from the C.A. regulatation point of view. Does it require to inform the Institute. Also, would such survey income would be taxed under Income from Other sources at normal rates?

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