HUF has acquired a plot of land. Memorandum of Understaing is made between HUF & its Karta whereby HUF has approached Karta for construction of residential building on the said plot.

Terms & conditions of MOU are as follows ;

1.The expenses related to the Development of said Property shall be totally borne by the Karta.
2.Karta shall have right to sell the flats to the proposed buyers at a price to be decided in consultation with the HUF.
3.HUF in return shall shall part with 15% profit on sale proceeds of each flat as Development right to Karta
4.Karta has assigned all their rights, title or interest in the said plot.
5.Karta shall cease to have any matter of any rights, title or interest in the said plot.

Please suggest accounting in case of both i.e.HUF & Karta.

We are registered Pvt company in Bangalore. We have registered under PF from 1.4.2007, where there was an strength of 21 employees an. And it was varying down and up (like some months 25 employees or 18 employees).

After some time the Employees who covered under PF, left from Job and strength of PF covered employees were only 8. But company's employees strength was 22. And they were deducting PF only for 8 only.

Presently the Company's employee strength is 16 and employee covered under PF is 6. And PF contribution from Employer also 6 only.

1) Please guide me whether the PF is applicable to all employees or who get registered under PF at the time of First Registration (1.4.20007)
2) Present strength is less than 20. And employee covered under PF is 6 only. Others also eligible for PF or not.

Pls reply at the earliest.

Thanks & Regards
P.Bhat

We are the Authorised Dealers of TATA Motors in Karnataka.
We use to send the Engines from Karnataka for recondition works through Form 505 / Form 515 to U.P. or Chennai.
We receive the reconditioned Engines from U.P (TATA Motors) or Chennai (TATA Motors) to Karnataka through Sales Invoice (mentioned "Transfer to Agent against Form F")

Now the U.P (TATA Motors) & Chennai (TATA Motors)are asking for to present "Form F" against the transactions.

Please not this is not Branch Transfer. We are the Agents and not a part of TATA Motors.

Hence, please suggest
1) We have to issue "Form F" or not,If yes What is the procedures to get the Form from the Department (We have not declared the transaction Values in VAT 100)
2) From Karnataka we have also transferred the Engine to them. They are also eligible to issue "From F" or not. If Yes, what is the procedure.

Pls reply at the earliest. Becz We've to take action with in 30th of April.

Thanks & Regards
P.Bhat

sir,
i am running a commerce coaching center in a small town in gorakhpur district in uttar pradesh,
i want to know upto how many students i do not need to get registration of service tax.

and if i wants to get it then what is the procedure.

at present it is my second year batch which i am going to start and last year i had 4 students only, so whether i need to get registration or not.

Dear all, I need Abatment Percentages along with notification No and dates for the year 2008-2009. Its very urgent for me

Sir,
I am the student of ICAI. I have completed 18 months practical training and take leave for 10(6+4)months for exams excluding 18 month trining. Can you tell me about how much leave is allowed under article training? How much my practicle training is left if I have registered as article assistant 28 (18+10)months ago.
What is the requirements of Industrial Trainee?
How much stipened is given to industrial trainees now in these days?
Is industrial training of ICWAI is equivalent to ICAI industrial training?
Sir, please guide me
Thanks in advance.

My service income is Rs.4 Lacs between April - September ' 08 and Rs. 4 lacs between Oct-Mar'09 aggregating to Rs. 8 lacs in financial year 2008-09 . Is it compulsory to file a " NIL RETURN" for April- September ' 08 & for Oct- Mar'09.

The exemption limit is Rs. 10 lacs.

What will happen if I do not file a " NIL RETURN" in the above case.

Dear all

my brother want to start his new business, he is providing consultancy about foreign studies, He arranging visa, air ticket, institution admission & fee etc. please let me know in which catetory he will cover under service tax. He is also getting remuneration /commssion from Foreign universities.

i lisen that there is no TDS required to Deduct if Business receipts < 40,00,000 or Professional Receipts < 10,00,000 on rent and some other income. even toal Payment exceding threshold limit. Kindly clarify the question?

dear sir ,

i want to know ,pumping of RMC at site of our customer using our own pump is a taxable service or not ,and what rate of service tax applicable.

we are the owner of Rmc plant.