A Company havaving a Contract (may be verbal)with another company that he will do all services and also supplied material related to services.

while supplying of the material and do the respective servies A company raised bill and in bill mentioned that out of 100% amount 65 % amount is applicable foir VAT and balance is service chgs(Labour chgs) then which amount is applicabe for TDS a full Net(net+servicecchgs) amout or only servies chgs?

Please recommend a good income tax software for efiling and also for service tax, etds. I have gone through the following softwares Saral Tax Office CompuTax & TaxPro. But got confused. Please help me to make a correct choice.

dear friend,
Plz advice me
co paid motor rent exceeding rs 50000/- what rate tds to be deducted ?

The organization is a Partnership Firm – Contract Business Varies locations

A) The firm provided cell phones to their Employees and paid telephone charges also. The total Telephone connections are on the name of Firm and bills also generated on the Firm Name.

1) Is it applicable FBT?

2) The Firm Head office used Telephone charges is applicable FBT?

B) The firm provided Vehicles to their Employees

1) if the maintenance (including fuel, Driver) provide by the Firm is applicable FBT
2) if the Vehicles used by Managing Partner/Director, maintenance (including fuel, Driver) provide by the Firm is applicable FBT?

C) The Firm Used Vehicles

1) the Vehicles used by Firm towards Execution of Work (veh. Like Lorry, trippers, mobiles, heavy goods vehicles, Cars for Gests)

in the all above cases Depreciation is Applicable for FBT? Pl. explain

D) the firm Provide the Traveling (from one site to another site)and food( at work site) expenditure to Labours is it applicable FBT? If the Flight ticket provide to Mg. Partner/Director for official work is applicable FBT?

whether stt should be deducted from sales considration received from sale of shares for the purpose of calculating the short term/long term capital gain to achive the net sales considration ?

whether stt should be deducted from sales considration received from sale of shares for the purpose of calculating the short term/long term capital gain to achive the net sales considration.
whether it should be added in cost of aquisation of shares ....

a rent is paid for house own by wife and more over there is join home loan in the namwe of husband and wife both
the husband want to take benifit of both HRA as well as home loan is he able n consiquence??
house is in the name of wife only

Dear Sir,

One of my Client , wholly ownred State Government company procedding to merger with other two wholly ownred State Government company .In such case , what are the tax liability for the transferor company ?

Hi Friends, i need a clear cut explanation regarding deduction of tax at source.
Whether tax is deductible on amount inclusive of service tax or exclusive of service tax?

One employee has not claimed interest on Higher Education Loan for the A.Y.2007-08, and filed his Income Tax Return without claiming benifit of Sec-80E, also employer has deducted tax at source, now he wants to take benifit of Interest paid in P.Y.2006-07 in current A.Y.2008-09. Is it possible? and if possible how? Please reply ASAP.

Regards,
Sabir Mulla