Clarify the following : 1. Agricultural land sold and purchased residential property - whether any capital gain tax attracts? 2. Whether father gift any amount to daughter - any gift tax attracts

My Client a Private Company has gifted a House Property to a winner of cultural activity held on the accasion of Annual day celebrations. what are the tax consequences? Should the company deduct TDS? If yes, how much is deductable? since the gift is not in the nature of cash, how to deduct?

Our company conducted a budget meeting in a hotel conference room, and the Hotel raised bill of Rs. 15000/- excluding food. There were no contract between them for conducting any meeting which will happen in that hotel. Shall our company is liable to Deduct TDS on hotel bill? If so then under which section it will be deducted?

Please solve the problem.

Thanks

Hi Friends my client is having a business of Renting CCTV to Builders and also selling CCTV to customers with installation and commissioning. my question is whether service tax and both applicable in this case whether purchase of hard disk and other storage devices is eligible for input vat If RCM applicable then tell me the rate and provisions. bcoz our Builders who has taken Renting service is deducting TDS

Sir i am confused whether i should go for CA final anymore as i attempted it 7 times but no group has been cleared and my age is 30 years. I got real shock in May 2016 when i was confident of 70 Marks in SFM but got only 40 marks in it. In my every attempt i got around 165,155,145 etc but not more than that. Please suggest me should i try other alternative or not, i have completed my CS. Thanx in advance Answer now

Read more at: https://www.caclubindia.com/experts/experts_display_list_by_category.asp?cat_id=8

Sir i am confused whether i should go for CA final anymore as i attempted it 7 times but no group has been cleared and my age is 30 years. I got real shock in May 2016 when i was confident of 70 Marks in SFM but got only 40 marks in it.
In my every attempt i got around 165,155,145 etc but not more than that.

Please suggest me should i try other alternative or not, i have completed my CS.


Thanx in advance

Hi,

I have a home loan in SBI, and as on date outstanding amount is 12 lacs. As per the schedule I must pay the EMIs for 11 more years to pay off my loan. One of my friend stays in US and is ready to lend me interest free loan of 12 lacs (1 lacs each month for 12 months) to finish my loan. I will pay of his amount over the period of 3 years without any interest. This will help me to save huge amount on interest which I have to pay to the bank.
1. Is this possible from taxation point of view?
2. Does me or my friend have to pay tax in this case?
3. What all points do I consider before making this move.

Thank you and waiting for your response

Agricultural land is situate in the jurisdiction of item a , b of sub clause (iii) of clause 14 of Section 2. It is sold and (not compulsorily acquired) earned gain on it. How this gain income will be treated and under which section. Since agricultural land which is situate in as per item a, b of sub clause (iii) of clause 14 of section 2. is not capital asset

My friend has rental income from 3 properties. One from residential and two from commercial property . So can i avail 30 deduction in all three rental income?

Sir, suggest me important topics to be concentrated in module1 of cs professional, so that i can get atleast 50 in each subject of module 1 . Pls help me.....