I had booked a flat in 2006 with a reputed builder. Towards this an agreement for construction and agreement for sell was executed. The payments were made as per the schedule of the builder. The UDS was registered in my Name while 85% of the construction was completed. Now the builder is refusing to handover the key as i have refused to pay service tax & works contract tax of totalling 4.04% of the construction cost.
Pls inform whether ST & WCT is payable by me as Allottee? If not, how to get the key as I have paid entire consideration of the flat.
if we have casual winnings as income of for eg. 120000 so we have to calculate tax @30% without considering any exemption limit of 150000?
second if we have LTCG on land with and without indexation of Rs100000 and SCTCG u/s 111A of Rs100000 so how to calculate tax on it for individual
please can u help me to find top 20 Ca firms in mumbai as i need to join a CA firms. wel i hv completed my PE 2 .
Are prior period expenses are disallowed in current year?
If yes, why, because if we had not accrued them then in last year also we had not taken under exp, so if in current year these are disallowed then is it total loss for co. means in neither of years it is allowed.
I WANT TO KNOW THAT WHAT IS THE BEST WAY TO CALCULAT THE DOS ON CR SALE OR INCULDING TOTAL SALE :
A) Total Debetors/(CR Sale/365)
B) Total Debetors/(CR Sale+Cash Sale/365)
I had sold a plot of land in August 2008 resultinh into some amount of Long Term Capital Gain after the benefit of indexation.
Since I am posted to a place other than my native place and due to professional pre occupation I just kept the major amount of consideration (nearly 90%) in FDR for one year. Please advise me how I can save income Tax on this money.
Also please specifically consider a case where if I deposit the full money upfront with a builder for the purpose of acquiring a new house/flat now whether this amount of deposit will be tax exempt or not.
If yes what will be the status if Builder have no ready flat and propose to offer posession within one year from Aug 2008 and within two year from Aug 2008- The date of actual capital gain?
Direct Response to "ghuliani@gmail.com" will also be welcomed
Regards
Ghuliani GK
can anyone suggest me best book to follow for company law for cs inter
thaking u in advance
chandan :)
An Indian company has deducted TDS u/s 195 on income which accrued and received outside India of a Foreign company having no permanent establishment in India. i.e. though the income was not liable for income tax, the Indian company made TDS. Considering the above facts
1) Can the foreign company on its own claim the refund of TDS?If yes, How and where?
2) Is there is any procedure to avoid deduction under section 195? If yes, WHat is that?
3) Is the answer to the above mentioned queries will be different if TDS is made under any other section?
Please Guide
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