Dear Freinds,



We are into Restaurant Business, we usually take credits of all the services received like, professional fees, telephone, consultancy, office internet, etc against the monthly payment of servece tax collected from guest with the abatement of 60% i.e., 12.36*40% = 4.944%, we collect from the guest.



My question is recently our Import got stuck with customs and they had charged us Detention and Demmurage charges, whether we can take input tax credit of service tax paid on these charges ?



Also, can we avail the credit of Import duty and Excise duty paid during the month on the purchases.



Please reply.



Regards,

Deepak Gangwani

Dear Expert,

we are depositing tds only 1 person out of 10 for the FY 12-13 and filing return to get form 16. we will deposit rest of also whenever we get money. what is the impact will be applicable for this type of practices and how many times can we file revised returns. is there any maximum limit to file revised returns.

Kindly give your suggestions.

Yours truly / Venkatesh

Respected Sir,

We are insurance Broker and we have already obtained service tax registration ...now we have done some interior decoration work in our office for which we have made the payment ..in light of the recent amendment as a service receiver we are also liable to pay Service Tax of 50% ..can you please explain the procedure for adding the new service in the service tax registration..

Thanks a lot in advance.

I have filed ITR V for my business return. I had no income transaction during the AY 2012-13. I had some expenses and hence have shown total NET LOSS.

IT department ( Bangalore office) have sent me notice u/s 139(9) saying my IT return for AY 2012-13 as defective.

1) I would like to know the reason for such notice?
2) Do I need to audit for my NET LOSS return though my I have no income transaction whatsoever and file return agains or simply reply to IT department of having no income and hence account not audited?
3) How can I reply to such notice ?

Thank you for your reply.

i m working in a manufacturing co., i have a hotel bill of m.d. of the co., kindly guide where to debit this bill.

Dear Sir,
We are investing some monthly money in Shri Ram Chits Funds. and one the redemption of the same they have charges a commission of Rs. 2.50 lacs. Please let us know we are liable to deduct TDS on commission amount.



Regards
Sanjeev Grover

If a person takes Loan from bank for for purchase plot & Construction the same , later ha has no willing to construct the home he also availing facility of HRA exemption ,
Can he avail the facility of home loan exemption & HRA exemption both?

how to compute debt equity ratio and what to include i n shareholders equity?

Dear All,

One of the group pvt Ltd company has lent sum to another group Pvt Ltd means defaulting section 185 of Companies Act 2013. I know i am free now to take the shadow under section 372a of Companies Act 1956 but assuming that 2013 act is fully applicable and 1956 has been repealed compltetely.

Can you pls suggest how to comply with section 185 now?

While uploading form no.704 of MVAT Act,an error occurred - after pressing submit button, message shows "Improper rem file", though while validating every sheet there is no any error.

Please suggest