the company has constructed one building
consisting of 4 floors .total flats =6*4
comes to 24 flats.
first downpayment is RS.1,00,000.
within 30 days of allotment one has to pay 25%
2ND INSTALLMENT is 15% due on at the completion of basement roof
3rd INSTALLMENT is 10% due on at the completion of roof slab
4th INSTALLMENT is 20% due on completion of brick work
5th INSTALLMENT is 15% due on at the completion of plastering
is service tax leviable on the sale of 24 flats?
if yes what is the procedure?
6th INSTALLMENT is 10% due on at the completion of flooring

Dear Sir / Madam

If any person left his current job & joined to a new co. in between any financial year. At the time of his leaving he was having 30 leaves balance in his account & co paid him as per the calculation.
In this condition the amount of leave encashment is taxable or not?
Even he is working with his new co. & his salary is taxable.

Please help me. My question is that whether the employer is required to take the PAN no. of the land lord is any employee gives rent receipt. and what is the limit of the same. Is the employer is also required to take the ITR of the landlord to verify that whether Income from House property was declared in his return and by what amount?

A company wants to take employer -employee insurance.so firstly i want to know that premimum which was paid by the company is libele to FBT, and the premium paid by company for the employee is taxable in the hands of employee or not?

and if this policy assign to employee after a year on surrender value then what tax libility will comes in?

And amount received on meturity of policy by employee is taxable or not?

Megha Gupta

suppose tds has been deposited inexcess to the amount pertaining to a particular quarter can the excess payment of tds be claimed as benifit in the coming quarters

An Indian Airlines employee was granted aloan by the company to meet the expenditure of training as a trainee pilot.The company now recovers a monthly installment from the employee.
The recovered amount is included in his salary though in actuality it is deducted by the company from his net pay.He is currently paying tax on this sum as well
Is this sum exempt from tax under the income tax act?

Suppose an enterprenuer has employed some labourers on contract basis who will be relived after the contract is over.
they are paid wages @ Rs. 100 per day with Rs. 5 per day as commission.
Under which head Tds will be deducted
- Section 194C
- Section 194H
or both by dividing the expenditure into their respective natures.

Hello experts


Can u plz send me the dep. rate of pgbp now

we have housing construction co., one part of which devlopment is elegible for deduction u/s 80IB ( permisson of development has been taken b4 31st march 2007,
now problem is that the one part of that land is belonging to other person, if we will buy it then we hv to pay stamp duty on purchase and sellor is liable to pay Capital gain tax,
is there any possibility by which we should neither pay whole stamp duty nor pay capital gain tax?
if any procedure have please explain me its detail procedure, and how should we do accounting in book to claim 80IB deduction

Hello expert

Can u plz give me some knowledge about FBT i m confused between FBT and Perquisite