An NRI/PoI having property in India and having rental income, which is taxable under renting of immovable properties.

Now the question is,
a) is NRI/PoI is need to pay tax in India
b) In case he forms the trust and transfer the rights to the (discretionary) trust to receive the rent; whether it is taxable at the hands of trust or at NRI/PoI
c) The commercially rented rental income is more than 1 Cr. in a year; which was offered to income tax but to service tax. - what are the consequence.

A warm Hello to all,

My firm is a manufacturing concern availing benefit of notification no. 12/2003 of Service Tax. Can anyone kindly let me know whether after introduction of negative list, whether the said notification will be still valid & can i still claim exemption on basis of that. If not, is there any new notification applicable to me.

Thanks

Pl explain in simple language

Dear Experts,
I have a query, please give your valued clarification. Is it required to pay advance payment for service tax like income tax advance tax payment. If so, what is the due dates. Please let me know at the earliest.

Thanks / Regards,

S.V.S.C.S.SASTRY

From 1sth July’12 onwards directors remuneration will be treated as professional service & TDS will be deducted u/s 194 J.

Now Govt. declared negative service tax list which is applicable from 1st July’12 & they have not excluded directors remuneration.

If a company is paying more than Rs. 10 L as a director remuneration to its director , will director is liable to pay service tax, as threshold limit is Rs. 10 L?

Hi, I have not completely understood the concept of reverse charge method - is it like:

eg in case of supply of man power, if bill is 1000

service provider will have to pay on 25% of 1000 @ 12.36% = 31

&

Service receive has to pay on 75% of 1000 @ 12.36 = 93.

& Service provider cannot collect the amount that he has paid ie 31 as he was collecting the entire 12.36 % on total amount earlier..?

Pl confirm..Thanks.

Recently Advertising agencies are exempt from levying service tax on revenue from advertising. One of my clients constructs bus shelters on it and earns income by giving contracts to corporates to put their advertisements on the bus shelters. Does the client come under Advertising agency and can claim exemption under the said notification

Is service tax is exempt on advertisement services for f.y.12-13?
its urgent.............pls reply fast

Sir,

If The Transporter pays the Service Tax,whether The Consignee/Consgner can Claim this payment????????

We are paying Service Tax portion separately for a party. TDS to be deducted against the same? Assume TDS earlier deducted from Bill amount without considering Service Tax portion