Dear Sir,

i hade assigned a contract one of abc party to complete the work worth 2.00 crores. abc co charged rs. 5,00,000/- as service charges for the assignement. as per the agreement tds is made on professional fee of Rs. 5,00,000/- @ 10%. and abc co given sub contract to xyz co for completion of my project. tds is deducted & paid by abc co. for payments made to xyz co.

whether i should deduct the tds on payments made to xyz co by abc?

Can some one describe me the provisions regarding consequenses if someone is not paying interest on delay payment of service tax and also the method of calculation if he wants to pay in the near future.

I had purchase flat in Feb-2010 for Rs. 10,00,000 + Stamp Duty Rs. 59000 + Cost of Improvement Rs.50000.
I had sold it in May-2011 through Power of Attorny. Sale amount is Rs.750000/- by Cheque.
Please guide me for calculating capital Gain/loss amount.

thanks & Waiting for your reply.

Hi!
In case of Construction Service where an individual gives a contract for construction of a unit which is to be used by him for his personal use and not for sale purpose, it is exempt from service tax.
My query is whether even the contractor does not have to include such income in his total income while calculating his liability to pay service tax or is there just a shift of the liability to pay the same & due to this the contractor has to pay S.T. on this even though he does not collect the same from that individual?

Kindly Help !

Thank You !

Hi!

The newly inserted section 87A gives a tax credit of Rs.2000/- if the total income of the assessee is within the slab of Rs.2 Lacs to Rs.5 Lacs. This total income is to be considered after deductions under ch.VI-A ?

Kindly Help !

Thank You!

I am export of goods out of country through ARE-1 so please tell me about following queries.

1.can I apply for claim for rebate
2.what is procedure of Claim
3.How I am shown this export in ER-1 return before claim & after receiving of claim,

Thanks

E-filling of audit report is compulsory?

Respective Friends, One of our friend had deposited cash above Rs. 10 Lacs in his S B A/c. from the sales proceeds of his father's factory land in FY 2010-11 & even he had not reported the same in ITR also. Pl also note that he is a salaried person. Friends, Pl help him for fair opinion so I can mail him the fact. what will be consequences in this case urgent feedback awaited

whether i can enter the date of AGM in form no. 23B For F.Y. 2011-12 as 31/10/2011? when company incorporated on 15/07/2011. let me know

We are doing services by way of installation, completion, fitting out for various govt departments (DDA, CPWD, LIC, RBI), hospitals, airports and medical colleges in various states. my question is that we can take the exemption of service tax under mega notification no. 25/2012.

Please clarify

Regards
Vikas