In a apartment of 24 flat, one space provide to mobile tower , in which TDS is deducted, Our flat owner oragisation is meant for only welfare and maintenance of flat. please guide to our taxabilty as AOP or trust or co-operative society, we want to get TDS exemtion certificate or claim refund with department. whether registration is necessary as Co-operative society. Besides Rent form mobile tower members are also contribution 300/- per month for maintenance

Sir, One of our client has an export T.O. of Rs 1.5 Crores and local T.O. of Rs 1.5 Crore. The export sale are not made to any associated enterprises, the debtor is no way connected to our company. In such a scenario whether the provision of audit report and maintenance of books of accounts under the transfer pricing provisions will be applicable or not.
Please give your valuable opinion on the same.
Kind Regards
Uday Bathia.

Sir,
my brother has been taken a house property loan on the house of our father. The house is in the name of our father. So father become co owner for the loan. As bank told us that you cannot apply alone. This loan is in the nature of renovation & repairs intt. limit is Rs.35000. Bank create a loan account and we with draw money from that account. So at the time of filing Return If my father will not take 50% of interest part in his Return can my brother will take the 100% of interest in his return to reduce tax liability. As my brother has been paying all the EMIs. As property is not in the name of my brother even not jointly with our father is there any chance of disallowing interest inbrother's Return
Please advice.
deb4865@gmail.com
ca.deb2006@icai.org
Regards,
CA.Deb.

An indian co demerges into 2 entities by transfer of assets at book value. Section 47 exempts such transactions from capital gains.

One of the demerged entities transfers all such assets to an overseas SPV.

Will this transfer be tax exempt, though SPV continues to be wholly owned or 75%+ owned subsidiary of the demerged company.

Pl comment with references to the case laws.

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?

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.

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.

i want ot know from where exactly we have to calculate 8 kms for the purpose of calulating cpaital gains in respect of agriculture land

please provide me the notification in respect of urban areas notified by the govt

Does Sec 40A(3) apply to acquisition of fixed assets on which depreciation is claimed.

Cost of the asset is not climed as expenses but only the depreciation is claimed.In such a case what should be reported in tax audit report.

In Taxman's ready reckoner 2008-09,in Page A-109 in para 49.3.3 it is mentioned that Sec.40A(3) is applicable if an assessee purchases a depreciable asset.

Kindly clarify.