What is the entry when I received Tut ion Fee Rs.10,000.00 in Feb.2014 & I have to Refund the Tution Fee Today ?

May Deduct Service Tax while making payment?

What is the Entry for that ?

Dear Sir

My father is a senior citizen. having below mentioned income
Pension Income 152000
rent Income 140000

what is his tax liability and how he can save that
he has no tax savings. no lic, no fixed deposit, no tuition fee no medical

but he incurs regular expenses on his medical requirments as he is heart patient and he has to go for regular checkups

can he claim these medical expenses

pl guide

thanks

can service provided by director to a company be liable for RCM and conpany should have to pay service tax?

Good Morning

I am working in a ltd company they have a emp walfare fund committee.

Walfare fund prepare a fdr in bank.

My query is,can bank deduct the tds against interest received on fdr.Where Fdr is releted to walfare fund.

Quick response is highly appreciated.

Thanks
Dinesh

I want to pass entry for Receiving Tution Fee .

How to Pass Service Tax entry when mode of receipt is in Cash / Bank .

Kindly provide me Entry for the Same

Dear All,

Please confirm is ST under Reverse Charge Mechanism (RCM) is applicable for Labour Contract. Is there any difference in Service tax treatment for works contract and labour contract.


Regards

Kindly clarify the following.



I am staying in my own house (parental property and no loan availed on this). I have bought a new flat and I have let it out for rent. What is the maximum amount of tax benefit that I could take on the loan/interest-paid availed in this case?



I am staying in a rented place close to my new flat which I have bought recently and let it out for rent. What is the maximum amount of tax benefit that I could take on the loan/interest-paid availed in this case? Can I claim HRA on this?



I am staying in my own house (parental property and no loan availed on this). I have bought a new flat and I have let it out for rent. My spouse is the joint owner of the new flat. My spouse however is not working and will not claim tax exemption. What is the maximum amount of tax benefit that I could take on the loan/interest-paid availed in this case?

One of my client being a Pvt Ltd Co.covered under Works Contracts Services.So as per RCM the company is 100% liable for making ST payment after claiming abatement by virtue of ST notification 24/2012 i.e. 7.416%/4.944% as Service tax rate, as the case may be.

Moreover the company is also liable 50% of ST liability as service receiver for the input services from Service tax provider.

Now query is whether 50 % portion of ST liability paid as service receiver can be set off against its liability for output services as service provider or not.

Please reply soon.

Dear All,

Anybody having any income tax circular regarding deduction of Salary Tax on monthly on regular basis in the whole year.

Earlier we are deducting Tax on estimated basis but now we are hear it is mandatory to deduct TAX on every months on equal basis but still we are not having any departmental circular for showing to our employees.

Please arrange to send departmental circular in this regard.


Regards
Akbar

I m going to write my icwa syllabus 2012 exam in june 2014 only group one please say me some tips what is mre important to prepare and how to prepare
Is study material issued by institute and the rtp are enough to pass