how to apply for ppf and details ..?can any one answer this plzz

My client had raised credit bill in the month of November 2013 for the services provided in the FY 2011-12, the service tax rate was 10.36%, now how shall i show while filing ST return as it is 12.36% at present and i don't find coloumn to adjust it.

I tried to take net services provided for the month of November, however tax liability will vary.

Thanks with regards
Rakesh

I recently purchased two LIC policies. I paid the premium in cash. I want to know can my father claim deduction under section 80C in his income tax return on the premium I paid in cash. My father is a pensioner aged 71 & I am 35.

THERE IS A TRUST WHICH PROVIDES THE EDUCATION FACILITIES,THE TRUST HAS ONE LUXURY CAR AND THEY ALSO APPLIED FOR THE 80G.
THE COMMISIONER HAS OBEJECTION IN LUXURY CAR,IS THERE IS ANY PROVISION IN WHICH WRITTEN ABOUT THAT THE TRUST SHOULD NOT HAVE ANY LUXURY CAR..

Few months back I deposited Rs. 40000/- cash in my fathers savings bank account as a gift. 1) Do I need to sign a gift deed since it is cash deposited by me in my fathers account. 2) Is cash gift from son to father is exempted from income tax for father. 3) If it is exempted and since it is more than Rs. 5000/- do my father need to fill the ITR-2 form to claim the exemption. 4) The amount received as a gift and savings bank account interest, can it be shown under "Income From Other Sources" in ITR form.

Hi Good Evening,

I would like to know whether Original Proforma Invoice is required to make the payments if yes under which Notification of Income tax, what if the vendor is not ready to provide the original Proforma Invoice for the advance payment, can we go ahead and make the payment on the basis of scanned image.

Thanks
Mannu

In Central Excise Act do home consumption and captive consumption mean the same?? If not can U plz guide me the difference between the two??

Hello,
I received It notice u/s 245 in dec 13 about adjustment of refund against outstanding demand of A.Y 2009. I submitted response about incorrect demand and request for correction. But in April 14, refund amount was adjusted and balance is showing as outstanding demand.

Please let me know what are the options I have.
thanks in advance.

My query is as follows

An individual named Mr. A had invested 1 crore in a residential house in 2008 and the agreement was made in his name. However the amount was contributed by his other friends also but their name was not mentioned in the agreement. The share was as follows:-
Mr. A - 40%
Mr. B - 30%
Mr. C - 30%
The amount was contributed by his 2 friends in the above ratios to Mr. A who in turn paid it to the builder

The property was eventually sold in 2013 for 2 crores and amount was received by Mr. A. and he gave his 2 friends their share.

Now what will be the calculation of capital gains tax? Will it be taxable only in the hands of Mr. A or it will be taxable in the hands of his other friends too?

I HAVE RECEIVED A PLOT OF LAND ( 10 KATHAS) AS A GIFT FROM FATHER ON 22/04/1990. THE COST OF LAND ON 13.12.1969 RS.2500/-. I HAVE GIVEN THIS ENTIRE PLOT OF LAND (10 KATHAS) TO A PROMOTER BY AN AGREEMENT DATED 20/12/2009. PROMOTER DEVELOP 30 FLATS. OUT OF WHICH AS PER AGREEMENT I HAVE RECEIVED 10 FLATS ON 10/04/2014. NOW I WOULD LIKE TO SELL 10 FLATS.

HOW I CALCULATE MY CAPITAL GAINS.