Hai,

I am an accountant.
one of my clients is manufacturing silk sarees. he is not exporting the same and sells it within Tamil Nadu.

I need to know the weaving and manufacturing expenses attract service tax?

Sales Turnover Crosses Rs.1.00 Crore.

Please guide me

with regards

Natarajan
Accountant, Salem

Company has given exempt income for leave encashment of Rs 1 lac on leaving the company. (Visible in form16)

Income tax officer during scrutiny, wants to add this leave encashment to total income. He says that limit is Rs 3 lac during life time and wants to surrender this.

How can we prove that he has no availed this amount earlier and will not be claiming the same in coming years.
Is he right in saying so? Please advice.

Is Section 40A(3) of the Income Tax Act is applicable for cash payment to creditors which is found in a search u/s 132 of the Income Tax Act?

Is service tax will be applicable on a proprietorship firm being a service provider liable to pay service tax on RCM but turnover is less than Rs 10 lacs.
Is it cover under threshold exemption?

My understanding of TDS deduction on rent 194I is as follows. Rent of September paid in October needs to be TDS deducted and remitted to Government account before 7th day of November and likewise for October rent paid in November, TDS deducted and remitted in December. My query is 1. Is my understanding correct. 2. If the above is correct then which are the correct months for TDS returns in the 3rd quarter, are they the rental months, rent paid months or the TDS amount paid to Gov't months ?

Sir, whether challan of Tds on sale of Immovable property is deposit under TAx on Companies or Tax on Non Companies as deducter base or seller base?

i.e. if deducter is individual and seller is company then in what minor head i should deposit my tds ( whether tax on companies or tax on non companies).

Whether the provision of Wealth Tax is applicable on a Non Resident India.

The NRI has made investment in India in various plots, house and farm house

Please clarify

Hey Dear,
There is a problem for getting my refund for AY 10-11, the refund status shows that it is not determined and i have called at the CPC toll free number they say they can't do anything since the time gap is more than 120 days the only answer i get is to have a talk with jurisdictional assessing officer. Having being confirmed by the jurisdictional officer he says talk to Bangalore office.
Please tell me how do i need to proceed forward to claim my refund.

My query is that the definition of work u/s 194C includes manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer. Now the question is that instead of selling the material what if we transfer the material to the job worker. Whether the tds provision would still be applicable in that case ??

Dear Sir

I did mistake during efiling. I filed my income tax return without mentioned income and send it to CPC for further process. Now I got letter from CPC that my case has been referred to local income tax dept. The local IT dept said they can't be change anything in online efiling. Please advice to how rectify my income tax return so that I can get my tds return