Samir
13 March 2008 at 11:16

Tax on receipt of money from builder

I had an old house which has been taken over by builder. To compensate the same he is paying certain amount of money and also the flat in the new building after demolishing the old building. In this case I would is the money received liable to capital gain?.


D C Sivastava
13 March 2008 at 08:20

accounting of land aquired

Govt.company aquired 10000 sqrfitland on payment of Rs.1 for construction of a sub station of power as per notification issued by govt the market price of land is Rs.1000 per sqr fit.what will be accounting treatment in books of account.


Jphanikumar
12 March 2008 at 23:28

Gift Tax-reg

If an individual gives cash as gift to his parents, will that reduce his taxable income.
If so how can he prove that he has given cash as gift to his parents to claim deduction from his taxable income, i.e what are all the documents he has to produce to prove the gifting of cash to his parents.

Thanks in advance for your clarification. If you have any supporting case law is highly helpfull


D C Sivastava
12 March 2008 at 22:19

Tds on work contract

in any work contract where material required for execution of work is suplied by contractor, tds will be deducted on work portion of contract or on the full value of work contract.


D C Sivastava

what are the provisionin above mention scheme.if the value of material suplied in a work contract can not be seprated then what will be thevalue for calculating the service tax. the rate of service tax in work contract pertaining to construction electrical sub station.


D C Sivastava
12 March 2008 at 20:26

Liability of service tax

Liability of payment of service tax is due on accrual or on receipt basis.how the payment will be made bythe person who is availing service


Anil


Is there any command in MS Excel to convert capital letters to small letters and vice versa that are there in a sentence?


m s c shekar
12 March 2008 at 20:16

tax deducted at source

our is a pvt ltd company-

pl clarify whether the following payments attract TDS, if so mention section :
1] Travel agent invoices for booking Air Ticket for foreign travel and inland travel

2] Road transport bill[of GTA] on import of machineries, amount Rs 1,80,000/- ; paying service tax @ 3.09 %, if tds is to be made then what about tds on service tax amount
awaiting your response


Raaj

Ours is a pvt. ltd. co. Kindly tell me that whether we can give interest to the unsecured loans taken from the Directors of the pvt. ltd. co. also tell me that whether those unsecured loan taken from the Directors of the pvt. ltd co. can be repaid. Although we have secured loan taken from Banks. Please answer my query from the point of view of income tax as well as companies act.



CA Vishalkumar Kapuria
12 March 2008 at 19:47

TDS on Professional Fees

Who is Liable to Deduct TDS for Payment of Professional Fees?






CCI Pro



Answer Query