i am account executive of insurance broking company we recruiting some employees on payroll of consulting. they give the invoice like this
consulting charges 1000.00
service tax 25% on 12.36 30.90
total is 1030.90

But we have to pay 75% on 12.36.

so my doubt is how much we have to pay, what amount we have deduct tds, how much we to pay through cheque, how much st we have to pay to department, how much we can get cenvat credit,how to enter in tally...


please help me in these, i donot know how enter in tallay.erp9..........

Abc is a company working in hotel industry and using the name of ITC Hotels and as per ITC norms they have appointed their two employees in that company and Abc is giving money for the service provided by employees of ITC ,treating it under head salary but deducting only service tax. ITC is issuing debit note for the same.
So my question is what should be the name of service provided by them, what would be the tax treatment and under which category and head they should be accounted for ???
Hoping for a soon reply from ur side and i will b very thankful for ur response. . .

Sir,

Please advise what amount to pay as advance tax in March, in case of accured income from FDs for which TDS is deducted and deposited by Banks in May or June when we receive Traces certificate and the same gets known to us in 26 AS also around that time only.

Would appreciate prompt response pls!

Best rgds...

if i dont have a pan no. and because of that my employer deducted the tax on my salary @ 20%...now how wil i claim my refund ??? i know first of all i will hv to apply forpan card and file ITR.. the question is how that deducted tax will be appeared in 26AS under my name so that i wil claim for refund. pls suggest

I want to get service tax registration for premises located at noida. can you tell me what the documents required and where to submit these documents.

Hi friends and sir's . I am IPCC student. i am little bit confusing that i give ipcc both groups only or ipcc (both) with cwa inter. Is that any inter related subject that i can manage in cwa inter through my ipcc. Is that any subject that i take extra coaching on any subject.
Pls sir and friends help me to take best decision .

Pls
Can anybody tell me whether it is necessary for the salaried employee to file return if his/her TDS is deducted


1) what would be the liability to that employee who Didn't file his/her return.

2) If the salaried person's TDS is deducted and he/she is filing return but suddenly he /she ignore to file the return by thinking "ki TDS to kt hi raha Hai" Whats the need to file the return.

3) This a type of CASE LAW :- In School, Salary given to Teachers is very much less than its shown in the Books although TDS is deducted on it and there actual given salary is not liable to deduct TDS. If these Teachers Didn't file the returns and if they got notice by ITO for non-filing of the return then what will be the liability for them.

((Pls answer all the Ques. point wise And Starting Para and 1st Point is Related.))

If an assessee is doing intraday share trading as business, then whether he should maintain books of accounts if his income from intraday share trading is less than Rs.1,20,000/= to show his intra day share trading income as business income.

If his Turnover (Profit + Loss) is Rs.80,000/= Then whether he can declare his intra day share trading income as 8% of the Turnover is Rs.6,400/=

In my context, an assessee's income is Rs.6,400/= Is it correct?

Kindly assist me. Thanks in advance.

Dear Sir,
As per IT circular 04/2013, employer should issue Part A and Part B of Form 16 to his/her employees . Now my question
(1) Whether If no tax deducted of salaried person then should we issue only part B or in otherwords can an employer issue part B ot its employees having income below taxable limit i.e. 200000 if no then which form to be issue.

(2) Part A is to be download from TRACES but I have seen that there is no mentioning oif PART A in form 16 is it so or I have made mistake to recognise it. I have realised that the said form downloaded from traces have annexure A and B but no mentioning of PART A of form 16 so is it okay or is there any misunderstanding on my part.

please reply thanks in advance

my 1 yr of articleshp completion date- 6th feb 2014
now i hv convinced my principal to give me transfer on back date say around 1st feb 2014.
now if i submit form 109 after 30 days of date of transfer will there be any consequences that i hve to face?