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ak mangal says : ST applicable on what amount?
I have to submit a quotation for a big cooling tower system on LSTK basis. The tender documents term it as 'indivisible contract' but price is to be quoted separately for Materials (Supplies) and Services (erection cost). My question: Is ST lapplicable on total lump sum cost of work or just on the cost of services (i.e., erection price). Please advise urgently. Thanks in advance. akmangal@yahoo.com

Sahil Agrawal says : Capital Gain
Dear Sir, How to determine date of Acquisition in case of Acquisition of property from a Builder/Developer of property. The Land Developer take the Application Money for the construct the property and after that they make allotment time to time from the applicants and after received all the money from applicants they transfer the possession of property and after that registered deed of conveyance/Registered deed. So all above process take 2-3 years in that case how to ascertain date of purchase as per Income Tax Act and Transfer of Property Act and other if any . Please mail me the answered casahilagrawal@gmail.com

Priyanka says : CA and Actuarial together
Hello Sir I am a CA final student. I would like to do actuarial science as well. So i wanted to know whether it will give me any future benefit if i do both? Is atuarial a rewarding career?

Vishnu Saboo says : SHIS lic
Sir, my company bought SHIS licencees from market @ 30% of cost. we are utilizing the same for de bonding of Capital goods. question is what treatment should we do in books of 70% discount we availed on purchases of SHIS? should we reduce the capital value with it? or should we treat as income, since SHIS were not awarded to us, but we purchased from market? please guide

SURAJ BALKRISHNA TAMBADE says : NOTICE U/S 148
I AM INCOME TAX PAYEE SINCE 1984. I AM RETAILER IN STEEL COMMODITY. I HAD PURCHASE FROM SOME SUPPLYERS THEY HAVE GIVEN A TAX INVOICE DULY MENTIONED VAT TIN. DURING THE ASSESSMENT OF VAT THEY GIVEN A STATEMENT TO VAT AUTHORITY WE HAVE NOT SUPPLY GOOD ONLY GIVEN FALSE INVOICE TO OUR CUSTOMER. VAT AUTHORITY SEND A NOTICE TO ME KE AAP TAX BHARO OTHERWISE WE OPEN LAST 5 YEARS ASSESSMENT. I AM CONFUSED WHAT IS HAPPENING. MY CONSULTANT ADVICE ME TO PAY IT IMMEDIATELY. SO THAT I HAVE DEPOSIT IT. SAME MATTER HAPPEN IN 20 CASES IN RAIGAD DISTRICT. VAT AUTHORITY SEND INFORMATION TO INCOME TAX AUTHORITY FOR REASSESSMENT OF THE SAME CASE. I.T. SEND NOTICE TO ME U/S 148 OF THE SAME PERIOD. I HAVE A PURCHASE BILL OF THE SAME PARTIES AND PAYMENT EVIDENCE WHICH WAS DONE BY ME AND NOTHING ELSE. PLS GUIDE ME HOW TO MOVE SAFELY IN THIS MATTER.