When an employee is on travel the expenses incurred during travel as conveyance ,

would such conveyance be liable for FBT under Travel at 5% or under conveyance at 20%

TDS excemption certificate is received in the name of 'X' company. The name of 'x' is changed to 'A'. 'A' company has given the registration of change in name and also the old PAN number is continuing.

Whether the TDS excemption certificate issued in the name of 'X' will be applicable to 'A' also or TDS is to be recovered while making payment to 'A' company?

Dear Sir/Madam,

I have following query, any one having knowledge can resolved it at earliest.

Question:- I am working in a BPO company providing service to a big UK Chartered Accountant firm. I want to know how should our company will raised bill, means including how much service tax. And thereafter how much TDS will UK firm deduct from our earning. What is procedure of refund of TDS from UK Income Tax Dept (HMRC Dept.)

Example:-Suppose we are providing a service of Rs 100 to UK Firm. How will we raise bill means including how much srvice tax. Thereafter how much we will get from UK firm after deducting TDS. What is procedure of getting refund of those TDS as we are procuring business with the help of a broker residing in UK.

If the labour charges paid during the year by a construction firm is Rs.50lacs & above.Wat would be the Tax implication & what are the documents to be maintained.Pls reply

Situation 1:
If a Male is earning Rs. 1,10,000 p.a from income from salary and has earned Rs. 1,00,000 from STCG(STT Paid) in the financial year 2007-2008 and will get deduction of Rs. 1,00,000 from 80(C).Income would be excempt from any taxation or not???

Situation 2:
If someone is earning Rs. 1,10,000 p.a from income from salary and has earned Rs. 2,00,000 from STCG(STT Paid) in the financial year 2007-2008 and will get deduction of Rs. 1,00,000 from 80(C).How would the tax be calculated in this case??

hi !
all

plz advise me on the following matter:

my company reimburse conveyance expenses of residence to factory every month.
whether it is taxable? and if yes under which section of I.TAX ACT and in which hand employee or employer?
rakesh kumar

COMPANY MADE GIFT TO CUSTOMER IN LUCKY DRAW SCHEME UNDER SALES PROMOTION
THIS ENTRY INCLUDE IN SALES PROMOTION OR GIFT.
WHAT IS INCLUDED FOR THE PURPOSE OF GIFT
GIFT TO EMPLOYEES
GIFF TO CUSTOMER
GIFT TO GOVERMENT SERVANT

vineet,

tell me under which head this business falls?

2nd, realised from the shpr, meaning?

shpr wl not pay service tax on profit margin earned by xyz. shpr pays thc on which service tax is applicable which xyz collects from the shpr and pays thc with stax to the shpping line. here xyz acts as a postman. doesnt pocket anything.

nobdy cnfms 100% that this business attracts servce tax or not.

pl adv.

1 EXP ON MOTORCYCLE EXP & DEPRECIATION.

2 TRAVELLING EXP RS. 10000/- INCLUDE
Rs. 4000/- Hire Charges of Car
Rs. 3000/- Hotel Charges.
Rs. 500/- Taxi Charges.
Rs. 2500/- Fooding Exp at Branch During
Business Hour.
WHAT AMOUNT OF TAX?

3. VECHILE RUNNING EXP.
A TWO JEEP IS PURCHASE FOR TRANSPORT
OF GOODS FROM FACTORY TO SHOWROOM.
B NEW JEEP PETROL EXP (FROM GODOWN TO
SHOW ROOM)
4. A WATCH & SUIT (SAME COLOUR)GIVE
TO OFFICE STAFF FOR OFFICE DRESS.

then vineet,

service tax wl be on the gross profit ?? is there any slab? how it wl be if gross prfit is 20-25 lac? any interest liable now as still stax not paid.

pl adv.