A ltd is land owning company. Company recd licence for development of plot. Before development,demarcation company has entered into agreement to sell with B Ltd. for sale of 80 % plots. B Ltd. has given part consideration for this with a understanding that he can nominate any other person. After this agreement B Ltd. has entered into agreement with individual buyer for purchase of flat.

B ltd received his profit and money (which he has given to A Ltd.) and he nominate to individual buyer.

A ltd. will directly register the plot in the name of individual buyer.


Now my question is that Whether B Ltd. is liable for service tax on profit earned by him above ?

Whether he will be treated as Service Tax Agent ?

If a Hotel ‘A” of Group “XYZ” is registered under the Service Tax Act and paying the service on the service provide by him like rent of Banquet Hall and Mandap Keepar

If the same hotel construct the other hotel building and he :

1. Purchase equipment and paid central Excise duty on it

My Query is :

Can he take the credit of Central Excise duty paid on the equipment

Can he adjusted the credit of excise duty against the the liability of service tax payment on Rent of Banquet Hall and Mandap Keepar

What will be difference he want to take the above credit or adjustment against the liability of any other hotel of Group “XYZ” .


pushpendra2@yahoo.com

under which section the tds on hiring charges of buses should be deducted- whether under sec 194c or 194i. what interpretation i am deriving is sec 194i asks for decuction of tds on plant & machinery and income tax act has recognised 4 broad categories of assets:- land, plant & machinery, furniture & fixtures and buildings.so buses fall under plant & machinery category & consequently tds should be deducted under 194I not 194C

i M CURRENTLY CARRYING ON VALUATION OF STOCK .
I M FACING TROBLE WITH TRANSCATION WHERE MAJOR PURCHASE OF STOCK ARE MADE FROM SISTER CONCERN.
I DOUBT IT BEING FICTICIOUS ENTRY
HOW DO I TRACE IT UP ?

PLEASE GIVE OPINION WITH REGARDS TO DIFFEREENT FACTS AND CIRCUMSTANCES

Dear Sir,
pl provide me the details for teh following
1. How to value the share when a merger is taking place ?
2. What are the proceedures to be followed for merging a non listed co with a listed co
3. How to value the Listed co share

I require the detailed steps with an example.
Thanks
Regards
Gunasekar

I would like to know how do i setup an accounting system for a hotel and resort business. what Kind of Ledgers etc. I need to create? Is tally a good choice or do i have a choice?

Dear Sir,
Is TDS has to be deductd on the payments made to legal heirs of employee on Death , towards the payment of Gratuity and Leave salary. Urgernt pl clarify

gunasekar

we have completed our required 15 months of articleship and we are going to give the may 2008 pcc attempt. our final attempt comes in may 2010. but we have our tybcom exams in april 2008.den can we give the pcc attempt in nov 2008. will that affect anyway,our articleship period or our final attempt ?? will it cum in may 2010 only ?? coz many of us are thinkin to either give d pcc in nov or the tybcom in oct. which one will b better as handling both together is not possible ??

Please tell me About Capitalisation i.e. Accounting of Capitalisation, Entry in Tally, Depriciation on Capital Assets,

& all details about Capitalisation,

Thanking you,

Regards,
Vaidyapady

Dear Sir / Mam,

Currently my articleship is going on, in Mumbai and soon i will be leaving for my native place. i want to ask u whats the procedure to get the communication address changed form mumbai to my native place, so that i can receive all the documentes safely at my native place.