Dear Sir,
I am seeking clarification related to Service tax on Construction.
I booked an apartment in Chennai during June '08 through "Agreement to Sell". Total apts in the complex is 56. During Aug '08, I registered the same through "Sale Deed". I have the break-up of land (i.e. the cost as in the stamp paper) and construction cost, as provided by the builder.
Considering the recent circular, Should I have to pay service tax through Builder. If so, how do i calculate based on the cost available with me. This calculation will help me to verify the amount requested by builder. Secondly, can i ask for service tax receipt in my name from the builder.
Your response will be highly helpful.
Regards,
Bhaskar

Dear All,

Please tell me that TDS deduction is applicable on accrual or payment basis

I am having a rental income The property tax is paid by the tenant I want to know can I claim the property tax amount in my Income Tax returns as deduction as it is paid by the tenant.

Hello Everyone,

I am solving a problem related to the calculation of Maximum Permission Financing for working capital requirement based on Tandon's committees recommendation and got stuck at one point.

A balance sheet of a company shows the following 1 item under liabilities section.

Secured loans 450 lacs

It also includes the following additional information i.e.
1. Secured loans include installments payable to financial institutions before March 31st, 2009 of Rs. 100 lacs

2. Secured loans include working capital facility expected from Zonal Bank Rs. 300 lacs.

In this scenario, what figure of secured loan should I include in the current liabilities while calculating the financing limit for a bank.

Thanks for your help

Regards,

Babu Shetty

Sir i am a PCC student.
I have already taken termination from my firm from 24th,march but i have not yet sent the documents & forms to the institute.

In the mid-time ICAI has imposed rules regarding TERMINATION/TRANSFERE..


so what shall i do now??
really sir am in serious agony for this,
so please suggest me sir..

REGARDS YOU,
BARSA ACHARYA,
PCC STUDENT.

Sir i am a PCC student.
I have already taken termination from my firm from 24th,march but i have not yet sent the documents & forms to the institute.

In the mid-time ICAI has imposed rules regarding TERMINATION/TRANSFERE..


so what shall i do now??
really sir am in serious agony for this,
so please suggest me sir..

REGARDS YOU,
BARSA ACHARYA,
PCC STUDENT.

Sir i am a PCC student.
I have already taken termination from my firm from 24th,march but i have not yet sent the documents & forms to the institute.

In the mid-time ICAI has imposed rules regarding TERMINATION/TRANSFERE..


so what shall i do now??
really sir am in serious agony for this,
so please suggest me sir..

REGARDS YOU,
BARSA ACHARYA,
PCC STUDENT.

Sir,

1)Whether tds is deducted on the portion of Service tax included in the bill. If not pl provide me the notification/ sec no.
2) Whether tds should be deducted for the municipal taxes and other charges brone by the tenant.

Is it easy to get prepare for PCC Attempt 2010 by self study if we start studying now from april?
Ur comments plz
Thanx for same in advance

Self balancing ledger is use for what?