Dears,
there is two properties in the name of our boss purchased from the same company on same time but property value is 39.30lacs each. now the installment has been due of rs.3.30 lacs. it is need to deduct tds on the property transaction but i am confuse that i do consider both value or separate value for TDS depositing because it is compulsory the property value should be 50 lacs or above.
kindly advice that i deducted tds to consider both property. if i do not consider both properties then no tds will be applicable on it.

According to sec 64 (1) clause4 where an assest is transfered (other than house property) by an individual to his /her spouse otherwise than for adequate consideration or IN CONNECTION WITH AN AGREEMENT TO LIVE APART any such income from such asset will be deemed to be income of transferor. However this section not applicable in the case of : IF ASSETS ARE TRANSFERED IN CONNECTION WITH AN AGREEMENT TO LIVE APART. I'm confused on the highlighted portion. please clarify it thanks! in advance.

Dear Sir,

A registered service provider has provided fabrication services to an exporter ( who is not an exporting unit in SEZ).
Now I want to know whether these services are exempt or any input refund by the exporter can be claimed or not in the following cases:

1. When only services are provided.

2. When services are provided as well as goods used are also provided by the service provider in works contract

I also want to know WCT taxability in the abovesaid case.

In anticipation for your reply.

Hello!

I have a query regarding share price. In accounts, what is closing balance, is ALWAYS the opening balance next day. But in share market it is not so.

If the share price of ABC Ltd is closed at Rs 125 on Tuesday, the same is not the opening price on Wednesday. It may be Rs 122 or Rs 129 or so.

For what reasons this difference take place? How the opening price mechanism works?

Please throw some light upon it.

Thanks.

we are the provider of taxable service(Erection , commission & installation/ Consulting Engineer/ Business Support services) and also engaged in trading activities and doesn't maintain separate books of accounts.
In order to claim cenvat on input services, rule 6(3) and rule(3a) are to be followed. some of the input services are exclusively used for providing taxable services/trading activites(exempted services) and some of the input services are common.
My doubt is:
1. can we claim the full cenvat credit on the input services which are exclusively used for providing taxable service.
2.how to claim cenvat credit on input services where we cannot bifurcate between taxable service & exempted service.

WHETHER THE FINAL A/Cs OF PRIVATE COMPANIES WILL BE MADE AS PER THE FORMAT GIVEN IN REVISED SHEDULE SIX OF COMPANY ACT 1956 OR AS PER NEW COMPANY ACT 2013.

Dear friends,
My friend is carrying on a business of jewellry. His main activity is to sell gold and silver ornaments and also prepare some new ornaments from gold bars.

While selling they collect making charges from the customer. They also paid making charges while purchasing the ornaments from wholesalers. They do not charge the vat on the making charges.

Now suppose they have sold ornaments worth Rs. 4000000/- during a year and collect Rs. 60000/- as making charges then while calculating profit u/s 44AD @ 8%, whether we have to include making charges of Rs. 60000 in total turnover or not. That is whether we have to show profit

4060000*8% = 324800

or

4000000*8% = 320000 + 60000 = 380000

Please solve the above query..

Thanks

As per Companies Act2013 letter head and invoices should be print with the cin no and address of registered off but for signing invoices, directors din no should be mentioned for that????

Should rebate of Rs. 2,000/= be claimed by deductor employer while deducting T.D.S. as there is no column to mention the same in T.D.S. Return 24Q Annexure II?

If an employees salary is INR 12000/per month
But he has invested in society (called Thrift and credit society ) and that much amount was invested by his father.
And he get the maturity amount with Interest in his bank account INR 2 lakh.
So will employer liable to deduct the TDS on his salary . While he did not declare his investment in the declaration form.
Kindly help me