Dear All

(For Gujarat State)

Whether professional Tax from the stipend paid to the trainee is required to be deducted?

(Note: it is More than 3000/- permonth)

Please let me know as i have not find clarification about the stipend in the PT Act.

Regards
Rohit

can you please tell me the applicability of TDS on JCB machine ranted for erection of plant and site development. What tds rate will be applicable? Rent or Labour Contract.

(1) X Company provides taxable service to Y Company. In turn, Y Company provides taxable services to lakhs of its (Y)Customers.

(2) X Company did not collect and pay Service Tax (about Rs 4 lakhs pm)to the Department. Y Company was collecting Service Tax (about Rs 6 lakhs pm) from its (Y) Customers and paying over the same to the Department regularly

(3) X Company did not ask Y Company to pay Service Tax. So Y Company did not pay Service Tax to X Company and therefore did not claim credit for Input Tax

(3) Now the Department served a Notice to X Company to pay Service Tax WITH RETROSPECTIVE EFFECT.

(4) For future period, Y Company has no objection to pay Service Tax to X Company since Y Company can claim credit for Input Tax, that is, deduct the amount paid (Rs 4 lakhs pm) from amount collected (Rs 6 lakhs pm) and pay only net amount (Rs 2 lakhs pm).

(5) Now problem is about arrears for the old period.

(6)Both X Company and Y Company want to continue to cordial relations. Kindly advise to get over the problem

My client is in Construction Business he buy Lift & give to the same company contract for installaction of lift will he liable to deduct TDS under 194C or 194J

Purchased two flats in FY 05-06: Details given below:
Flat 1:
Date of purchase (date of first receipt from the builder): 11 January 2006
Date of Sale Agreement: 13 January 2006
Date of registration: 7 February 2006
Date of Possession: 23 November 2006

Flat 1:
Date of purchase (date of first receipt from the builder): 9 March 2006
Date of Sale Agreement: 25 March 2006
Date of registration: 24 April 2006
Date of Possession: 23 November 2006

I intend to sell both the these flats and
buy one large flat for my family

Q1: When wld the 3 yr period complete for qualifying as LT Capital Gain
Q2: Can i get benefit of setting of the LTCG against cost on the one new flat (cost wld be higher than the LTCG of both the flats combined)
Q3: Believe the new flat has to be acquired either one year prior to the date of transfer or two years after. Wld the period of new asset acquisition be calculated from date of token ot date of sale deed or date of registration.

Will appreciate your response.

Purchased two flats in FY 05-06: Details given below:
Flat 1:
Date of purchase (date of first receipt from the builder): 11 January 2006
Date of Sale Agreement: 13 January 2006
Date of registration: 7 February 2006
Date of Possession: 23 November 2006

Flat 1:
Date of purchase (date of first receipt from the builder): 9 March 2006
Date of Sale Agreement: 25 March 2006
Date of registration: 24 April 2006
Date of Possession: 23 November 2006

I intend to sell bothe these flats and
buy one large flat for my family

Q1: When wld the 3 yr period complete for qualifying as LT Capital Gain
Q2: Can i get benefit of setting of the LTCG against cost on the one new flat (cost wld be higher than the LTCG of bothe flats combined)
Q3: Beleive the new flat has to be acquired either one year prior to the date of transfer or two years after. Wld the period of new asset acquistion be calculated from date of token ot date of sale deed or date of registration.

Will appreciate your response.

Please Tell Me About Deferred Tax.
1) What is Meaning of Deferred Tax
2) How does arise Deferred tax
3) What effects should be done in Books
4) Other Information about Deferred Tax.

Central excise paid on the material can it be taken as a service tax refund for payment of service tax?
plz reply as soon as possible.

R/Guides

Please help me in choosing the course with my job either MBA from Amity or CFA from ICFAI.

Which will be better. Please help

Regards

WE PURCHASE A FLAT OF 750 SQFT AFTER PAYING 120000/- STAMP DUTY & REGISTRATION NOW WE HAVE TO PAY VAT & SERVICE TAX ALSO PLS HELP ME NOW BUILDER DEMANDING 172490/- AS VAT & SERVICE TAX AMOUNT PLS HELP ME STILL RULE IS FINALISED OR NOT
THANKS IN ADVANCE
REGARDS RAKESH PANDYA