A residential house property consisting of 4 floors is to be transferred. The building is to demolished and reconstructed consisting of 5 floors. the basement,ground and1st floor(60%) will remain with the transferror and 2nd and 3rd floor(40%) will be with the transferree. The construction is being done by the transferree on the behalf of transferror. Out of the total consideration, 85 lacs has been given as advance in the asstt. year 2009-10 and balance 17 lacs will be received in asstt. year 2010-11 and the value of 60% of the property being constructed is estimated to be 45 lacs which will be spent by transferree in asstt. year 2010-11. The property has not yet been tranferred in the name of transferree. In which asstt. year is the capital gain taxable?

We are a company in Aviation field.
Q. First we hire private chartered planes and further give them on hiring.

Will service tax is applicable on this service?
I am waiting for your reply.

Thanks & regards

Mukesh Kumar
Accountant
Delhi

whether an individual can claim deduction of tution fees paid to institution for his own education

Hi all
I want to know that if i avail the professional service or any contract in outside india then will we have to deduct TDS ?
I think that no one know about TDS and they demand for full payment.
What should i do ?
I am waiting for your reply.

Thanks in advance
Mukesh Kumar
Accountant
Delhi

Dear Sir,

we have booked the Purchase bill of vendor and after two months we have come to known that we dont need to pay the amount to the vendor because of defect in the material my question is that at the time of booking the bill we taken the input vat credit and accordingly we have taken the set off now we want to write off the balance amount of vendor The input vat credit taken is also need to be reversed on account of balance written off

Regards

Ravi Konda

IF ASSESSEE HAS RECEIVED BONUS SHARE FROM COMPANY WHICH A/C HE SHOULD CREDIT.

Q 1. WHAT DO WE MEAN BY SHEET ASSESSMENT UNDER CUSTOM LAW?
PLS EXPLAIN THE PROCEDURE IN THIS REGARD.

Q2. IF A SUBSCRIBER TO THE MEMORENDUM AND ARTICLES IS ILLETERATE
HOW CAN HE SIGN THEM ?IS SIGNING IS COMPULSARY ?
PLS EXPLAIN THE PROCEDURE IN THIS REGARD.

Q3. A PARTENER SHIP FIRM SUBSCRIBS SHARES OF XYZ LTD.
THE DIRECTORS REJECT THE SAME APPLICATIONS CAN THEY DO SO?
PLS EXPLAIN THE PROCEDURE IN THIS REGARD.

Q4. IS PROXY HAS RIGHT TO SPEAK IN THE MEETING?

Q5. AFTER APPOINTING THE PROXY , A MEMBER DIES IN
THE MEETING HAS PROXY HAVE A RIGHT TO TO VOTE?
THE DIRECTORS REJECT THE SAME APPLICATIONS CAN THEY DO SO?
PLS EXPLAIN THE PROCEDURE IN THIS REGARD.

IF ASSESSEE HAS DEPOSITED THE PAYMENT OF TDS AFTER OF 7TH OF NEXT MONTH SO WHAT IS RATE OF INTEREST ON THAT

Unit is situated under special economic zone for manufacturing and domestic sale. This is the first year. Assessee is allowable for 100% profit deduction u/s 80-I.

Since there will be no income tax as above , whether F.B.T payable ?.

hi....

can i claim interest u/s 234B,C as an expense?

If not what is the reason for not allowing it as deduction?

can anyone quote it with section?