An assessee hold terrace rights of a residential house property in Delhi and during the F.Y. 2006-2007, he sold such terrace rights. Out of the sale proceeds, he purchased three flats in a residential complex at Mumbai. One flat on 6th floor, second at 7th floor and third at 9th floor. He converted flats at 6th & 7th floors in a duplex flat and have a combined registry for both flats. He have a separate registry for third flat. All these flats are self-occupied for his residential purpose. My query is that whether he can claim exemption u/s. 54F claiming all these flats as a single residential unit?

A trader started business on 01.10.2006. He got voluntarily regisatered on 15.11.2006 (by paying Rs.5,000). Till 15.11.2006 he made purchases worth Rs.3,00,000/-, but no sales.
Now, after getting registered, when he sales these goods purchased upto 15.11.2006, whether he will get set off on purchases ?

For the F.Y. 2005-2006, A dealer had excess credit available Rs.1,10,000/-. He carried forward it to F.Y. 2006-2007, instead of claiming refund.
Now for 01.10.2006 to 31.03.2007, whether he should file Six monthly return or monthly return ?

my friend has completed his 1st group in CA Final. he wanted to know, from where he can do MBA which have good value & will help him in Ca Profession also. He wants to do from IGNOU but they require 3 Yrs expierence. plss suggest MBA fom good place(Distant Learning)

from sushant

Dear sir/s,

We are dealing in aluminium fabrication work and getting work contract from our clients for the project like commercial, residential, industrial, institutional, hotels etc.. In India we got the information that some fabricators are doing this activity under service tax and some are under excise.

As specially we are getting the contract for Aluminium Doors, Windows, Partitions, Glazing, Cladding etc. and working as per the client's requirement and specifications. We make the particulars some times at party's site and some times under our premises.

For this kind of projects 1st we get the work order from the party and than as per their requirement and specs. we procure the material and than do cut the aluminium sections. Than after we assamble the material. To assamble we required the materials like Aluminium Sections, Glass and hardware materials. And for all these we give the job work to labour contractor.

Now our question is that is this activity under service tax or excise?

Thanking you and waiting for your reply and very oblidge for the same.

Dhaval Sheth.

I have one bill of Supply,Installation and commissioning of Elevators/Escalators
bill amount is.
Material Amount 793608.44
Installa.& Commissioning Charges 140048.55
Total = 933656.99
Add Service Tax @ 12% = 16805.83
Add Edcuation @ 2% = 336.12
Add Higher Education = 168.06
Add VAT on 793608.44 @ 12.5% = 99201.06

Total Bill Amount = 1050168.06
I Enter This bill in my Account as
Dr P & M 933656.99+99201.06=1032858.05/-
Dr Service Tax 16805.83
Dr E.Cess= 336.12 & Dr H.E.Cess 168.06
Cr Supplier 1046926.06
Cr Tds (157358.56 @ 2.06%)= 3242/-
( Tds On Installation+Service Tax Amount)
I want to know that this is right entry or tds deducted on bill amount or Service Amount Pleas Clear this entry and tds amount.

If I make payment to Advertising Agency in Foreign country to advertise my product in their local magazine, am I liable for TDS?
Ad. agency has no PE in India.

a co. change his name but is making its sales invoice and P.o by older name. does it is a seriou thing

What is the liability of co. in regard service tax and tds on freight inward and freight outward.

if a co. paid freight to transporters on behalf of another co. then the co who made payment to transporter is liable to deduct tds.