Hi , Would anyone know if the tax on an apartment unit (flat) construction is only on the labour part of the cost of construction and not the material. I see articles on the internet stating that only 1/3 of the construction cost should be subject to service tax but I am not entirely sure of this. So at the rate of 10.3% on a property of 20 lakh rupees, it should be 2000000 x (10.3 / 100) x 1/3 = 69000 rupees approximately.
Is this correct?
I have planned to build my house in my village which is 70 Km away from madurai, tamilnadu. I have planned 500 Sqft house. Engineers told 1000 Rs per sqft. If i buy all materials and do it by labour basis will it cost me lesser than what engineers offered me. Pls help.
It should not be a symbian phone,it can be of sony ericsson or samsung or any other,please suggest other good phones under Rupees 10000 which have 5 megapixel camera.
It can be touchscreen also but not resistive touchscreen,it should have capacitivie touchscreen.
Do you feel it is the right time to enter in to mutual funds ? Please do not suggest any equities.
The advertised tax return is 8% but on my 6-year maturity certificate it is only written Rs.8005 on maturity. It was originally printed as Rs.10,005 but they have striked it and written Rs.8005. Why is it so low?
I still don’t get it. If it is 8% compunded half yearly for 6 years then it should be
5000 * (1.08)^12 = 12590
my parents started a partnership company and purchased a residential property which is an asset of that company. They want to gift that property to me rather than the other siblings. How can this be done?
I joined UCO Bank in October 1982 and resigned from service on January 2003 after completion of more than 20 years service. At the influence of the union and associations some employees did not opt for pension.At the time of resignation I have no choice left for pension. Since, then I moved for work and I live in overseas. I would appreciate if anyone could give me an answer regarding the fate of inclusion of resigned employees.
Earlier MasterCard had tie up with multiple banks for Clipper lounge access at airports in India but now it is limited to certain banks, as per last info its Citi bank, Axis bank, HDFC bank and SBI.
Does anyone have latest details of bank and type of card ??
deduction of tds is exempt on brokarage of mutual fund but same exemtion is there on sub brokarage of mutual fund
I am aged 36 and wish to invest Rs. 50 thousand for 6 months and Rs. 1 lac for one year in term deposit in a bank. Which form 15 G or 15 H should I submit to the bank, to avoid TDS? Do I need to submit the form alongwith the FD application or at the end of financial year?