Suppose the face value of shares is Rs10.
500 shares which were issued to A forfeitted for non payment of final call(Rs.2).Now reissued to B For Rs8 per share and Rs6 paid up. I want to ask about the amount that will be entered in bank a/c in reissue entry, will that amount is 500x8 or 500x6.

For getting deduction of Medical Reimbursement up to Rs.15000/- whether bills are required to be presented?

My building owner want to claim service tax from June '2007. But he has registered his service tax on Feb 2, 2008. But now he want to add service tax on rent from June '2007 and we have already booked rent and paid cheque without service tax also paid him on monthly basis. Now can we take set off this service tax (June '2007 to Jan '2008).

Can both Husband & Wife claim 80GG if the house Rent paid by them is 4000, both have business income and are staying IN SAME RENTED HOUSE

I pay commission to Non- resident(USA) for services rendered in india.

What shall be the tax rate.

Regards

I will be eligible to appear in Nov. 08 exams since i was registered as a student of CA Final Course and Article Trainee w.e.f. 01-06-2006. First exams under the CA Final New Course will be held in Nov. 08. Therefore should i switch over to CA Final New Course or Not.

Can an NRI invest in realestate in India? if yes what is the procedure i.e. any permission from the RBI to be got.
Also if he wants to fund the investment by taking a loan against the same from a foreign bank, is this allowed.

Dear sir

our client is a works contractor. They undertakes major works and some part of the work is subcontracted. Main contractor collects whole amount from the contractee and also collect service tax from the contractee for the whole contracted amount. The subcontractor claims service tax on the bill raised by him.Is there any remedy to avoid the payment of service tax to the subcontractor.

hello,
please give me information about maximum available leave for article trainee after pe -II. As my ca final attempt is due on may 2009 and I'm tensed about my study. I'm doing articleship.

A ltd is land owning company. Company recd licence for development of plot. Before development,demarcation company has entered into agreement to sell with B Ltd. for sale of 80 % plots. B Ltd. has given part consideration for this with a understanding that he can nominate any other person. After this agreement B Ltd. has entered into agreement with individual buyer for purchase of flat.

B ltd received his profit and money (which he has given to A Ltd.) and he nominate to individual buyer.

A ltd. will directly register the plot in the name of individual buyer.


Now my question is that Whether B Ltd. is liable for service tax on profit earned by him above ?

Whether he will be treated as Service Tax Agent ?