A builder has entered into a Joint venture for constructing a commercial complex for about 50000 sq feet and share it with the land owner on 50:50 of built up area. Both are going to retain the same.
a) Is service tax is to be paid by the builder or the land owner
b) If it is by the builder, on the value of builtup area to be given to the land owner or on the entire 50000 sq feet
c) There is no money given by the land owner to the builder or sale is involved. How the value to be arrived
d) When the liability arises. On the provision of service or on registration of land (UDS)
e) Is the area retained by the builder it exempted being service rendered to self
can any one send me excel command like v-look, filter, etc.
regards,
bimal
What is mortgage and how it differ from hypothecation? How is hypothecation differ from pledge?
We are not paid any Advance tax as on today and out Assessing Officer is DCIT.
Does he have powers to prosucution.
Please give me suggession with refering section of IT Act
What is collateral? and how it differ from Guarantee?
We are not paid any Advance tax as on today and out Assessing Officer is DCIT.
Does he have powers to prosucution.
Please give me suggession with refering section of IT Act
As per [MOF (DEA) Notification No GSR 585 (E) dated 25.7.2003], NRIs cant invest in PPF, provided that if a resident who subsequently becomes Non Resident Indian during the currency of the maturity period prescribed under Public Provident Fund Scheme, may continue to subscribe to the Fund till its maturity on a Non Repatriation Basis.
Query:
Does the term "maturity" above include the block of five years allowed for extention by the rules, beyond the initial stipulated period of fifteen years? This has not been clarified in the rules. Or, is it necessary to withdraw the amount already invested in PPF, after the passage of the fifteen years? Also, please site case law, if any, to support the arguement. I get to read both versions (some say extention is not allowed in such cases and some say that as the law is silent, we can continue being invested)on the internet. Kindly clarify
Thanks and Regards
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