Dear sir,

Can you please tell me that in case of Investigation & Security Services Payments whether TDS is applicable on BASE AMOUNT or [BASE AMOUNT + SERVICE TAX]?

Thanking you.

Sunil Kelkar

Hi all,

I am working in Hyderabad. I got a house from my parents as gift. I dont have any rental income from it or any other house. As the Annual Value of this house is nil, should I disclose it in IT return?
Can I use ITR1?

Please reply soon.

Thanks,
Venkateswar.

In the month of april'08 i received HRA for 7 days but actual rent paid was for 30 days. so my question is can I claim HRA exemption for 30 days or proportionate basis for 10 dyas .
for e.g.
HRA Recd. for 7 days Rs 1500
Actual rent paid for 30 days Rs 3300
Basic salary for 30 days Rs 14000
then how much amount i can claim as exemption on account of HRA U/s 10(13A).
Please advise me.

Is TDS applicable on services rendered which are part of the main contract of purchase. and both the goods as well as the services are by the same party and in a single contact (but different invoice)
Eg. body building charges of buses. installation of machines

Sir,

One of the Company's nature of business is trading in Computor Software and Computor Hardware. And thier Main business is trading in Computor Hardware.

1.is service tax applicable for software sales? if it is applicable, can they avail input credit on telephone bill,professional charges 100%.

Kindly request.

Sir, I want to know whether Recurring deposit made on monthly basis with the Post Office for a period of 5 yrs be claimed u/s 80C as deduction

Facts:The Company (C) has entered into a notarized Agreement landlord (L) for construction of a building on his land say in 60 : 40 ratio. The Broad terms are as follows:

1. Ground floor as commercial and Area of 5 existing shops will be deducted from landlords share on ground floor.

2. 1st floors to 3h floor as residential flats (more than 12 units)

3. The construction of the building is being done by company by engaging daily construction workers

4. The total Super structure is complete

5. So far Company has not entered into any agreement for sale and intends to use booking form for booking of flat and after full payment to execute final Sale deed in favour of would be purchaser.

Queries
LANDLORD’S Allocation
1. Whether any Service tax is payable against the landlord allocation
2. under which section
3. Rate of ST
4. Quantum of ST
5. Date of Payment of Such ST


DEVELOPER’S Allocation
1. Whether any Service tax is payable against the Company’s allocation
2. under which section
3. Rate of ST
4. Quantum of ST
5. Date of Payment of Such ST

say there is a sole proprietorship business ' X Enterprises' whose proprietor is 'M HUF' and the karta of that huf is Mr. M. Now if he reimburses medical expenses of karta M, can he claim it as busuiness expenditure or not ? Will HUF be liable to FBT ?

Dear Friends,

Let me know the formula for calculating interest on recurring deposit.

For example:
If i deposit Rs.2000 per month for 10 years, what would be my interest after 10years @ 15% interest interst.

Let me know the formula for the same.

sir,
can you please suggest me a good book on tally i.e. from Basic to advanced level.
Thank You