can you please tell me the applicability of TDS on JCB machine ranted for erection of plant and site development. What tds rate will be applicable? Rent or Labour Contract.

My client is in Construction Business he buy Lift & give to the same company contract for installaction of lift will he liable to deduct TDS under 194C or 194J

Purchased two flats in FY 05-06: Details given below:
Flat 1:
Date of purchase (date of first receipt from the builder): 11 January 2006
Date of Sale Agreement: 13 January 2006
Date of registration: 7 February 2006
Date of Possession: 23 November 2006

Flat 1:
Date of purchase (date of first receipt from the builder): 9 March 2006
Date of Sale Agreement: 25 March 2006
Date of registration: 24 April 2006
Date of Possession: 23 November 2006

I intend to sell both the these flats and
buy one large flat for my family

Q1: When wld the 3 yr period complete for qualifying as LT Capital Gain
Q2: Can i get benefit of setting of the LTCG against cost on the one new flat (cost wld be higher than the LTCG of both the flats combined)
Q3: Believe the new flat has to be acquired either one year prior to the date of transfer or two years after. Wld the period of new asset acquisition be calculated from date of token ot date of sale deed or date of registration.

Will appreciate your response.

Purchased two flats in FY 05-06: Details given below:
Flat 1:
Date of purchase (date of first receipt from the builder): 11 January 2006
Date of Sale Agreement: 13 January 2006
Date of registration: 7 February 2006
Date of Possession: 23 November 2006

Flat 1:
Date of purchase (date of first receipt from the builder): 9 March 2006
Date of Sale Agreement: 25 March 2006
Date of registration: 24 April 2006
Date of Possession: 23 November 2006

I intend to sell bothe these flats and
buy one large flat for my family

Q1: When wld the 3 yr period complete for qualifying as LT Capital Gain
Q2: Can i get benefit of setting of the LTCG against cost on the one new flat (cost wld be higher than the LTCG of bothe flats combined)
Q3: Beleive the new flat has to be acquired either one year prior to the date of transfer or two years after. Wld the period of new asset acquistion be calculated from date of token ot date of sale deed or date of registration.

Will appreciate your response.

Please Tell Me About Deferred Tax.
1) What is Meaning of Deferred Tax
2) How does arise Deferred tax
3) What effects should be done in Books
4) Other Information about Deferred Tax.

Sir,
One of our supplier of Material supplier has charge service tax and wct on the supply bill . Shall we liable to deduct the TDS on that bill?

Our company has got the furnishing done of office space. Charges have been paid inclusive of material and labour (no seperate bifurction. Would it be subjected to TDS u/s 194C?

Our company has got developed certain software for its inhouse use and paid for the same. Is TDS attracted on the same u/s 194J or any other provision?

Hi my friends,
pls answer my following queries:
a) Wat is the accounting entry for taking C
ENVAT credit?
b) how will you account for adjustment made with respect to that credit?
c) Similarly how will you determine TDS receivable/payable at the end of the finanacial year?

Well i am doing my CS ... if you can clarify me on these aspects it d be better

As per Sec.197 tax has been deducted at Concessional rate to a limit provided by deducting authority what happen if tax continues to be deducted at concessional rate. and in next FY it has been deduted for balance tax & has been deposited. When the expenses will be allow prevailing of Last FY.

What if TDS deducted u/s 194 C instead of 194 I.

Pls also verify S/40 of IT Act