1. Can a person avail exemption under section 54F if he invests in a residential house property by selling the shares held by him?

[a]what if he is already in possession of more than one property which is put into commercial use and income of such properties is being chargeable under the head 'Income From House Property'.?

[b]If Yes, could u refer please me a case law w.r.t such decision?

[c]if No, kindly substantiate.

i want professional tax rates in karnataka with notifications or circulation

A COMPANY IS DOING BUSINESS THROUGH CONSIGNEE AGENTS AND PAYS RS.1,00,000 P.M. TO EACH AGENT AS "COMMISSION" DURING F.Y.2007-08.

IN JUNE 2008 IT DECIDES TO INCREASE COMMISSION BY RS. 25,000 P.M. WITH RETROSPECTIVE EFFECT FROM NOV. 2007.

NOW WHETHER INCREASED COMMISSION FOR THE PERIOD (NOV 2007- MAR. 2008) WILL BE DISALLOWED AS EXP. U/S 37 OF INCOME TAX ACT 1961 FOR ASS. YEAR 2009-10 OR NOT ?

I THINK THAT IT WON'T BECAUSE AS PER "AS-5" IT IS NOT A "PRIOR PERIOD" ITEM.

VIEWS FROM LEARNED FRIENDS ARE EXPECTED.

THANK YOU.

DEAR ALL,

What is the procedure for filling of combined ST-3 Half yearly return of Service tax , if we registered for more than one services.

Regards
Bishnu Deo Sharma.

I JUST WISH TO CONFIRM THE TAXABLE PORTION FOR FBT OF THE FOLLOWING EXPENSES :

FESTIVAL 20% (W.E.F. ASS. YEAR 2009-10)

MAINT. OF GUEST HOUSE OTHER THAN USED FOR TRAINING PURPOSE NIL (A.Y. 2009-10)

IF THE ABOVE RATES ARE TRUE OR NOT ?

Salary for the month of April 2009 paid on 6-5-2009 and TDS deducted, what is the due date for depositing the TDS?

Whether service tax is exempted on renting of Immovable property.

Kindly clarify.

Thanks in advance

Dear Sir,
Thank you very much.
to put in a more elaborate manner:

a) We are entering into an commission agreement with a foreign company X.

b) X Company which out of country has to supply certain materials for the purpose of installation to Y company in india.

c) We are to take care of support services regarding logistics, payment, etc... on behalf of X company in india.

d) Invoice will be raised on X Company by us.

MY QUERIES ARE:
1) Can we raise the invoice in Foreign currency.

2) Is service tax applicable.

3) Will X company deduct tax and pay the balance while remitting the amount to us.

Regards
S. Anand

we were given one market survey assignment to a marketing company. apart from charges, there claimed traveling expenses separately with service tax. kindly clarify that whether service tax will be applicable on reimbursement expenses ( separate bill)

Sir ,
Processing on goods supplied by the manufacturing unit is exempted vide noti.no.8/2005 vide explanation II .But here meaning of supply is to be interprated more in case if the factory is spread over in Big area and it given work to someone for processing on job basis i.e.completion of work basis and billing by the service provider on the completion of work basis on monthly basis.the factory is clearing the processed goods ultimately by paying duty to excise department.as the act has mentioned that service tax will not be liable he service provider make process on the goods supplied by the manufacturer and he pay the excise duty after processing of goods .
In the present case the movement of raw mat./semi finish is in the premises itself whether it will meant as supply of goods ?
my e-mail id is gargbk2001@yahoo.com