dear all
one of our client had deposited rs. 400000/- with a builder for booking a house unfortunatley he did not get house but builder paid him rs.800000 after four years. builder has told him to pay tax on rs. 400000/-.

i think this will come under head income from other sources and accordingly it will be taxed ? is builder liable to deduct t.d.s ?

Please tell me how to solve this question step by step.

Following information relating to a type of raw material is available:-
Annual demand :2400 units
Unit Price :Rs2.40
Ordering cost per order :Rs4.00
Storage Cost :2% p.a.
Interest Rate :10% p.a.
Lead Time :Half-month

Calculate EOQ, and total annual inventory cost in respect of the particular raw material.

As per the latest amendment of service tax if a person is charging commercial rent or consultancy fees for the month of Feb 09 at the end of the month then service tax will be charget @ 10% or 12% or proportionately.

If rent is charged in advance then at the intial stage service tax will be charged @ 12% but after comming amendment for that month service tax will be 12% or later on debit note will be issued.
Please tell me.

Respected experts

My mother's income has exceeded the maximum exemption limit which is not chargeable to tax i.e. Rs. 180000. Please suggest some tax-saving options available to us which can be utilized at this point of the FY. Please guide.

Thank you.

i am businessman and i pay lorry frieght for the year 2008-2009 to transport more than 50000 in part.shoud i deduct tds?
that transport has not pan no.

Is service tax leviable on renting of chairs, tables and splits used in commercial offices. PLease provide adequate suppotings.
Thanks

Sir,

We are paying commission to our agents who are arranging orders and payments from our customers. Basically it is commission for sales of our finished goods.

Are we eligible for service tax credit and under which category?

Your valuable guidance are solicit.

Regards

Ganesh Pawar

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