suppose i got a gift of Rs 100000 in cash from my friend...will it be taxable? n i have no other income in that year..pls reply...

Hello

Can someone guide me about deposit rules for LTCG under section 54F when someone want to deposit the amount of consideration in a special account.How same can be used i.e whats rules for its utilization for purchase or construction of the house.

Thanks and Regards

Prem

I wish to know if an imported 'readymade' application software either in 'digital/non-physical' form or 'boxed' form from USA/UK, when sold in India, does 'Service Tax' need to be charged to the buyers ?

As I understand, 'Tally' is also a readymade application software and buyers of Tally are charged only VAT @ 4% and not Service Tax.

Awaiting expert opinions.

Thanks.

G. Prakash

A co. already carrying on business starts a new project which will take more than 2 years.
Co. has started the project & incurring expenses but no revenue is generated whether it is feasible to charge all the expenses from profits of other business.

Is any text availble in this respect with conditions, if yes please let me know.

A co. already carrying on business starts a new project which will take more than 2 years.
Co. has started the project & incurring expenses but no revenue is generated whether it is feasible to charge all the expenses from profits of other business.

Is any text availble in this respect with conditions, if yes please let me know.

In case of Tax Audit U/s 44AB whether in addition to report in Form 3 CA/CB we are required to issue Statutory Audit Report if we are statutory auditor's as well.

That means audit report under 3 CA/CB is only tax audit report.

Sir,i have my last 8 months articleship pending can i apply for industrial training.What is the procedure to apply for industrial training.Please tell me which comoanies take students for industrial training in delhi.

regards
ranjit mishra

I would like to know how the valuation of an educational institution is conducted? What are the parameters which should be considered while doing the valuation and any other factor that should be looked into for a detailed valuation?

a brand valuation should also be done while doing the valuation of an educational institution?

Can a company accept share application money (pending for allotment) in excess of its authorised share capital?

How to calculate TDS on Purchase debit note in Navision.

Scenario is as follows;

Suppose a vendor who had supplied some service( e.g. job work on Raw Matl),

the

bil was Rs 100. TDS on Rs 100e.g Rs 2. So net payable amount to vendor is Rs

98.

After some time it was relaised the need to issue a debit note to the

supplierbecause of faulty job work.The debit note was of Rs.50 and TDS on this

Rs 1.

So the net amount payable to vendor is Rs 49 {100-2-(50-1)}.

So,TDS is not calculated on Purchase debit note.

Thanks & Regards.