MrX is a civil Contractor who carries constructing dams,roads,etc.He gives labour Contract to Mr.Z.My question is wheher TDS to deducted as contractor or sub contractor.My principal is saying that TDS to be deducted as subcontractor.Whether TDS to be deducted as subcontractor or contractor.IF there is any circular or notification please enclose it.

Please can u tell me how to subscribe to free sms alert facility of Mr Purna c on amendments in Income tax,Indirect tax and service tax.

Company purchased a building. Agreement for purchase does not include a separate value for Building and for land on which it is constructed. Only one combined value is mentioned in the agreement. Now my query is that,for income tax purpose, on what amount i should claim a depreciation? on total agreement value or on only the value on building and not land? if only on value on building, then how will i bifurcate the value of land and building? is there any case law for the same?

FIXED DEPOSIT MADE FOR ONE YEAR IS ELIGIBLE FOR 80C

hi, I would like to know ..what is the tax liability of an co-operative housing society which collects monthly maintainence from members for common society expenses.the society is not oing any commercial activities.

My client have formed a HUF but no agreement of deed is made by him in regard to such formation, now how should such agreement be made?? Please help me out with format of forming such HUF agreement.

hi
please say me if the partner has paid vehicle insurance from his partnership firm where should it be accounted

should be accounted as vehicle repairs & maintance or capital withdrawl

i registerd with icai as a student 12 years before and i cleared group 1 of pe2 without any coaching class with good marks and i work hard to clear for the other group imean group2 but i dont kw its not in my fate ...as i have been trying for all these past year....every time i loose the chance to win by 10 to 12 marks diff.. can anyone tell me y it is so....info tech is my weak subject...pls suggest me a good book to score atleast 50 ....

For an individual there is a exemption limit of Rs. 1,50,000/- and he can take a deduction of rs 1,00,000 under u/s 80 c. what are the other section that he can take more deduction. can he claim for medi claim of Rs. 15000 under u/s 80D ,
80D is included in above 1,00,000 or excluded.