Dear Experts, Chit fund companies collecting commission or charges from chit members towards their services, if the member is under tax audit case, whether he is liable to deduct tds? If so under which section?

one of my client individual has purchased the industrial plot in 2007 for Rs. 6.00 lakh and plot was lying vacant and in the year 2012-13 he has sold the same plot for Rs. 12.00 lakh and out which he has invested in another Industrial plot Rs. 12.00 lakh, whether by investing in new industrial plot he will get any expemption under the long term gain tax the IT ACt 1961

LIC Premium paid in current year but belongs to due for previous whether it can be eligible for deduction in that previous year.

sir, i have made fixed deposit say 2 lakhs in the name of minor chiild two years back. The deposit matured. Now I want to renew the said deposit. But the bank has held up the renewal of said deposit and the bank is asking separate pan card for minor child. My query is why separate pan card of minor child is required for renewal of deposit. Under which section of I.T. ACT I have to submit separate pan card of minor since i am not taking the redemption of deposit from bank. I have already submitted my pan number and 15-G to the bank. kindly clarify whether the bank is correct. I think at the time of redemption of deposit the bank may ask separate pan of minor. but for renewal of deposit why separate pan is required and under which section.

Dear Experts,

We had done a contract of fire fighting instalation for our building for more than 1 Crore in 2011. and made running payments to contractor around 90 lacs upto 31/3/13. He issued invoice of Rs.56 Lac in March 12. Now he want to do balance invoice. My questions are:

1. Wheterh reverse charge will be applicable on old contracts i,e contracts prior to July 2012.

2.Whether we need to pay service tax on all balance payments under reverse charge.

3.Can the contractor issue separate invoices for material and services..

4. If yes in point 3 what about our service tax liability under reverse charge.

Thanks a lot in advance to all experts

Dear Experts,
Whether tds shall be made on the membership fee paid by hotel to a non resident (ex. participation fee to google Maps) towards a participation fee for using online search engine u/s 195. When the prospective customers search for a hotel, the hotel name comes first in the search page. Does this payment attract tds u/.s 195? Thanks in advance.

Dear Sir,

Pls tell me purchase of door closer of rs. 319/-, which account head will debit.

Ragards,

Rahul

Section 44AB of the Income Tax Act, 1961 talks about Audit of person engaged in business or profession. Does it covers a Trust running School and having School fees above Rs. 1 Crore?

Please suggest books for ca final for may 2015 attempt

Sir please suggest me which author's book should I refer for all subjects of CA Final?