ghanshyam
This Query has 1 replies

This Query has 1 replies

03 December 2007 at 14:03

Speculated income

Hi to all!

Pls define speculated income with example

thanx

g.shyam83@gmail.com


KV SRINIVASA RAO
This Query has 4 replies

This Query has 4 replies

03 December 2007 at 14:03

compound scheme on works contract

Let me know about compound scheme for works contract under vat, if any body give suggestions to me? Andhra Pradesh and Karnataka State


akhinger
This Query has 2 replies

This Query has 2 replies

03 December 2007 at 13:52

Tax Treatment of HUF

Situation
HUF has created in 1991 with inheritance property. At that time one residential plot has purchased by the Karta in his name for the HUF and fund for the same has also given by the HUF. Now in 2007 HUF sold this plot and investing the sale value in Residential House to avoid the Capital Gain Tax. HUF has purchased the new residential house in the name of HUF. Now they want to dissolve the HUF and distribute all the property of the HUF amongst their members.

Queries
1. Whether Karta can purchase the new residential house in his name out of the funds given by the HUF.
2. Whether female members of the family (wife and daughter of the Karta) will be considered the members of the HUF for distributing the property of the HUF.
3. Whether legal title of the property should be transferred in the name of the members for the requirement of the Income Tax Act.
4. What will be the acquisition date for the members for calculating the capital gain tax if they sold the property after dissolution of the HUF.
5. Whether individual members can be made their own HUF out of the property and funds received from the dissolution of the HUF.
6. Whether any time limit is there for selling the property of the HUF by their members after the dissolution of the HUF.


CA Prabhakar Dubey
This Query has 1 replies

This Query has 1 replies

03 December 2007 at 12:08

Works contract on VAT

Respected Members,

One of our client fall in work cotract. They supply material and labour to the parties on which the concerned party has deducted the TDS.

I wants to know the related provisions regarding the same in current VAT system.

I also wants how to represent the Work Contract Sale in Section G of Form 704.

Regards,

Prabhakar


M.JANAK RAO
This Query has 1 replies

This Query has 1 replies

03 December 2007 at 10:43

Security Agency Services

1. A Contactor Received from Rs. 1000000/- from Oil India Limited for the Month of Oct'2007 against Payment to Securities

2. Securities Appointed By OIL India Limited but Payment received Contactor M/s. Naryan Mukhajee & Co. and Payment to Securities.

M/s. Naryan Mukharhee A/c

Received Rs.10,000,000/- Lakhs
Securities Payment Rs. 8,00,000/- Lakhs
EPF/ESI/ Rs. 45,000/-
Incomes TAX TDS Rs. 20,000/-
Thieft Deducation Rs. 5,000/-

Q. Which amount is Service Taxpayable

I need a Circulars with details of if any Deducation of Laour Wages,Staff Salary,Fooding, Camp Making, PF, etc in Security Agencies Services


Paresh Vaidya
This Query has 1 replies

This Query has 1 replies

R/Sir,

Thanks for Expand our Knowledge,

Please Tell me details procedure for establishment for new Pvt. Ltd. Company or Partnership firm & also sent me Forms for Submission to Govt. Dept.

Thanking you

Regards Paresh Vaidya


GEETA BHAGWAT
This Query has 2 replies

This Query has 2 replies

03 December 2007 at 09:53

service tax on rented property

please give me detailed information about service tax on commercial rented property along with circular number?


Pritika Bharti
This Query has 3 replies

This Query has 3 replies

02 December 2007 at 22:28

failure of regn.(urgent) Please help!

I had sent for regn. of my articleship on 18th august after completing my PE II exams.I had also filledform 112 as I was pursuing my B Com. final yr.,the classes of which are hel from 11:30 am to 2:30 pm. But I received a letter on NOV. 3rd statiin that I could not have a breaking of working hours.
What can I do to register successfully?


s.lohani
This Query has 5 replies

This Query has 5 replies

what's its reason? and what effects shall it have on PCC and articleship


GAGAN
This Query has 3 replies

This Query has 3 replies

01 December 2007 at 23:59

competition act 2007

hi
can anyone give me the amended competition act 2007 applicable for may 2008(ca final).

I am having the bare act copy of it,but i need it an lucid language one.........





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