If Miss X (age 25 years ) (Student & not having any other income ) wins Gold of Rs. 1 Lac from newspaper draw in the year 2011-12 & pay to newspaper Rs. 30,000 for TDS u/s 194B. Then what amount of tax will be there? & is ITR 2 is to be filled ? Is Tax Rate 30% or at normal rate?

Dear Sir,

X&Co supplied some Computer accessories & stationery and maintaining our systems and printer...

He provides two invoices one for materials (more than 30000) and the other bill for service (Less then 30000)....

My question: Are both invoices attract TDS u/s 192C?

hi,
want to know the Annual General Meeting date for Pvt Ltd

My office is 145 sq. ft.. Monthly Maintenance is Rs. 968 /-.
as
Gov. Tax ( Municipal Tax / Water Charges ) Rs. 515 /- p. m.
Other maintenance Rs. 453 /- p. m.
Society wants to take Service Tax from 2007 to 31.12.2012 as Rs. 12,180 /- from me. Four to five members are having big offices and their maintenance is Rs. 10,000 / p. m..
My argument is that if maintenance is less than Rs. 5,000 /- per month per office or residential house, it is exempt from service tax. Big office more than Rs. 5000 /- maintenance are liable. They say that because four are having big offices, all have to pay. Is is true ? They want to take VCES benefit.
They want to levy ST from all say 130 members Rs. 30,00,000 /- from 2007 to 31.12.2012

Individual providing services to mentor & fitjee classes as professional w.e.f 1/06/2012 till date. Whether the service provided in june 2012 (-ve list come effect from 1/07/2012) is taxable or exempt, also exemption of rs 10 lack is available under vces scheme 2013 or not.

If we want to withdraw ppf amount after 1 year after . can we do so? if yes then what are the effects?

my client cac is a contactor and did works of locating underground water points,transportation of drilling machine from one point to another point,drilling of 6.5" bore hole, fixing pvc pipe to bore hole ,erection & commissioning of submersible pumps etc.He did not supply any kind of materials required for bore wells.
He billed Rs.15 lakhs to Co. for the above work for fin.year 2010-11 & he has not received any service tax from Co.

1.Now let me clarify whether he is liable to pay sevice tax for the above work?

2.if so,can he pay under VCES?
NOTE: FOR FIN YEAR HIS ALL GROSS RECEIPTS amounts to Rs.15 lakhs only.& not received any service tax from Co.

Dear All

By how much value we can take as Fixed assets .

in your company purchases a Battery of Rs.7000/- can we take it as fixed assets.

Other wise it comes under which head
Thanking You

Amruth kumar

I have a query regarding taxable income of non resident. There is a Indian company which is engagaed in exporting stones and we are paying commission on export sales to a non resident. Non resident also a director in company. We paid commission outside india. I am confused ..there is any income accrue or arise in india.

Am I liable to reverse charge if a company has agreed to distribute my products in public for free under no other obligation. If yes from which period reverse charge on sponsorship is applicable as I my ST Auditor has shown notification which states reverse charge liability on companies for sponsorship services from FY 2010.