Mr. X has purchased 3.00 Acres of agricultural land for Rs. 3.00 lakhs in May,2004. The said land is within panchayat limits and more than 8 Kms from a town/city. He has sold the said agricultural land for Rs. 18.00 lakhs in December, 2005. Is there any liability for capital gains tax?

PRASAD

we have purchased steel. the billing pattern as follow.

Commodity Rs.
steel 1000000
Freight charges 25000
loading charges 1000
Vat @4% 41040
total 1067040


Q1. if No transport (LR copy) copy has been given
Q2. if Transpot copy has been give

what is the applicable TDS in above cases

Q3. we have posted entry in our books as follow.

particulars Dr. Cr.
Steel a/c 1001000
Inward Freight 25000
Vat 41040
Party 'x' 1067040

note: we have separated freight charges towards service tax calculation

please clarify the above queries
thank you sir
with regards.
balu

Dear Sir, I would like to know If we bill the Software AMC (Annual maintenance contract) on the supply of basic software to our customers. Applilcability of VAT and CST. If the software maninteance is done (1)Only on telephonic support or (2)Customer onsite support with in the India.
Secondly any service tax is applicable on the maintenance of Softare billings. Thanks

Please guide me in the area of Human Resources Policy Audit. Specially in the Pharma Manufacturing unit located in the Special Economic Zone having high rate of the Employee Turn Over. Please guide me regarding employees turnover ratio also

If TDS provisions are applicable on payment to Chemixil for allotment of
stall to particilate in international Exhibition.

WHETER SECURITIES CONTRACT REGULATION (AMENDMENT)ACT '2004 APPLICABLE FOR MAY 2008 EXAMS

New Delhi, the 1st March, 2008
Notification No. 13/2008-Service Tax 11 Phalguna, 1929 (Saka)

G.S.R. (E).–In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable service provided by a goods transport agency to any person in relation to transport of goods by road in a goods carriage, referred to in sub-clause (zzp) of clause (105) of section 65 of the Finance Act, from so much of the service tax leviable thereon under section 66 of the Finance Act, as is in excess of the amount of service tax calculated on a value equivalent to twenty five per cent. of the gross amount charged by the goods transport agency for providing the said taxable service.

2. This notification shall come into force on the 1st day of March, 2008.

It means now we have to pay 25% service tax on transport service & we can claim also it as input. Whether I am correct or not. Please answer asap.

I have cleared PE-II Examination in Nov.2007 Attempt.If I register myself as an article before 30th April,2008 then when can I give my attempt of final examination?

Which subjects are exempted in CS course if A student has LLB Degree?

Please reply to my question - Urgent...

Q1) The advancement of any other object of general public utility shall not be a charitable purpose, if it involves the carrying on of any activity in the nature of trade, commerce or business. What will be the effect of recent amendment in definition of “Charitable purpose” in the budget?

Q2) If any charitable trust is printing and selling the religious & other books @ nominal profit margin of say 5% to cover any future loss, will this profit be treated as business income ?

Q3) Any Charitable trust say “Mahila Gruh Udyog” making and selling farsan and papad and earning profit for welfare of ladies of weaker section of the society. Will this be treated as business and profession.

Q4) Any person is donating cash in “Cash box” kept @ Panjrapol, which is charitable trust for welfare of animals, is this called Anonymous donations ?

Q5) Any religious trust in making surplus on Yatra Pravas or sale of sweets and farsan, will it be called business and profession?

Q6) How to segregate income of trust from donation and business income if separate books of accounts in not maintained.

Q7) If surplus arising out of sale of farsan,sweets,books and used for charitable purpose ( as per object of the trust) , will this surplus taxable?

Q8) Charitable institution like Panjrapol selling cow milk and using that amount for maintenance of cows and other animals, will income from sale of milk will be taxable?