Pl let me know challan and return in which TCS to be paid for purchase of property above 50 lacs and how to issue TCS certificate and in which form.

Sir,

Asst. year 2010-11 completed under scrutiny i.e order u/s 143(3) passed. Now the AO intend to reopen the assessment for the A.Y 2010-11. In such a case can AO issue notice u/s 148 suomotto. If not with whose permission the AO has to obtain for issue of notice u/s 148. Pl. clarify

Respected members,

With reference to above subject, kindly request you to help me on below matter.

I run my business in a premises which has a rent of 40000 per month, which will be 4,80,000/- per year.

Now my landlord is asking me to pay the service tax on rent which is at 12.36%. I am aware of the fact that the service tax is payable only if the annual income out of that premises is above 10 laks.

My landlord also runs lodge business in the same building. SO the total income of his business organisation is above 10 laks. But I am accountable for only 4.80 laks.

In this case why am I responsible for the payment of service tax? My rent does not cross 10 laks per annum.

Please advise if I am right or wrong?

Thanks
Rohan
Mangalore

Please help…..if NRI works in Singapour (Foreign Country) earning income from salary and he transfer money from singapour to his Indian bank account and from out of such money he purchases Capital Assets (Land) in India, my query is…what is the Income tax implication arises in India and Singapour also?

Hi,
Our firm takes works contracts.
we have our registered office in Allahabad.
can we have an office also in Delhi? and can bid tenders from Delhi office despite registered office is in allahabad?

what we will have to do. a precise answer is welcomed.

our company is newly setup a news channel my query is our employe (news reporter and camea man) Travel the outstation for the purposes of collecting the news and they sent various expenses like petrol, , hotel telephone expense and some time they hire the vehicle also and we are taking all expense under the travelling expense is this correct?

i have appeared in CA final nov 13 but was not able to pass d exm..nw i am giving only first grp in may 14. so can i complete my gmcs traning after second grp or there is some time limit for completion. I am registered under the old course n so have to do gmcs only once

Hi,
I am working in a manufacturing unit as an accountant. The owner has three companies, A B and C. Company A has given loan to company C. I wanted to know whether the entry in the books of A will be showed as unsecured loan to C? and in the books of C will be loans and advances?

Thank You

Mr.A is receiving ex-gratia for the FY 2014-15 of Rs.300000. He is a senior citizen. He is also having 80c ded. for an amt of Rs. 5000. How much I have to deduct tds in this case?

Respected Sir

I am lecturer in govt school on contract basis & getting salary of Rs. 241400/- annual AY 2014-15, but school is not deduct tax on salary. So sir i have deposit tax of Rs. 2205/- in treasury account 8658-51-101-99-51 with mention TAN no. on challan top & giving the challan of my school accounts deptt. I want deposit my Income Tax Return. Please guide me the treat of tax which head?