I saw an invoice as follows

1. Transportation charges.....39398
2. Towards godown charges.......210

service tax (12.36% of 25% of 39398)

what about Rs. 210 ?? Any service tax will be liable on 210 if yes than at what rate??

Trust in india running a school who has collaboration with foreign education board....
now while making payment to that foreign board trust is liable to deduct TDS ????
if yes than under which section ?????
trust is making payment for providing student registration and conducting exams in india.....

Hi experts,
I need your expert advise in regard to a private limited company which was incorporated 3 years ago.
In this company, unfortunately, the directors have not booked any business nor conducted any AGM or board meeting. Also the annual return of the company has not been filed for all the years since incorporation.

Please guide, as to what is the solution now:
- Can the directors start business in this company from now onwards? Will there be penalty for not conducting annual general meeting and not filing annual return?

- or would you advise to close this company and register a fresh company for the proposed business now.

Kindly guide

A partnership firm got itself converted into a public company under part IX of Companies Act, 1956. During the course of conversion the company paid the consideration (by way of issue of equity share capital at par value) in excess of the capital employed by the partners as on the date of conversion. This has lead to creation of goodwill in the books of accounts of the newly incorporated company. Now the query is relating to depreciation on goodwill created. In light of recent judgement by Honorable Supreme Court of India in the case of Smifs Securities Ltd., Goodwill is an asset within the meaning of Section 32 of the Income Tax Act, 1961. In the light of the above judgement can the company claim depreciation on goodwill? Please consider that in the above mentioned case law the goodwill did came into existence as a result of amalgamation of two companies and in the company in the question above, goodwill has arisen as a result of conversion under Part IX of the Companies Act, 1956.

Dear Experts

I had worked in 2 companies during the tenure Jul 07 - Sep 08 and from Feb 09 to Dec 10. Thereafter i left my job to pursue CA and indeed i have qualified the same. My query is that i had applied for PF withdrawal of both the companies and had received the EPF amount in Mar 2013. The total amount received is 66000. Should i file my return for FY 12-13 considering this income as from "Other Sources"

Please let me know the treatment.

Thanks in advance

How will the service tax be charged on godown rent??

I mean rate, any abatement, who will pay (service provider or receiver) ?


and what about a good transport agency providing transportation and also godown rent??

Dear Expert,

I made payment of mediclaim policy on dtd 25/03/2013 for the period 28/03/2013 to 27/03/2015. Please guide me how to get tax benefit FY 2012-13 * FY 2013-14

Sec 195 PAN is necessary for non resident Indian ? How much is % of TDS to be deducted & How many times we can Revise the TDS Return.

advice please.

Hi

In our case we are payment $ 1000 to a NRI who comes to india and gives advisory Services in india. What will be rate of TDS in this Case and whether it is income accrued or arisen in india under section 5(2)
or it will be falls under section 9 ( deemed to be accrured or arisen in india )

Thanks

Dear Sir/Madam,
I have one house propety which is self occupied and now i purchased one more house which is considered as deemed to be let out.
I want to know that can i get deduction u/s 24b of interst on housing loan of 2nd house if i pay interst of Rs. 2,00,000/- and can i get full principle amt of deduction u/s 80c. I have no loan on 1st house.
I hope my question is clear to you.
Thanking you,