One X ltd. providing services under Rent A cab operator & they are not charging Service tax in invoice, In their invoices they stated that service tax should be paid by service reciepient & they also stated that they are availing 60% abatement & do not avail cenvat credit
now in that case Y ltd who received services paid Service tax under reverse charge mechanism @ 40%(12.36) now in next month can Y ltd. avail input credit?

If income is arising from medical consultancy & also from selling medicine then Income & expenditure a/c is created or trading & P&l A/c is created?

IF AN EMPLOYEE DRAWING SALARY MORE THAN RS. 6,500/- P.M. THEN, DID IT IS COMPULSORY TO DEDUCT CONTRIBUTION OF P.F. FROM HIS SALARY.

ACCORDING TO EPF ACT, 1952 BASIC PAY SUBJECT TO A MAXIMUM OF RS. 6,500/- P.M.

Can any one please explain to me all the provisions of Rule 6 of CCR 2004 relating to obligations of manufacturer or service provider !!! Please reply its urgent

I have taken Home loan for two house one is self occupied and other is under construction.
Can i vail tax benfit for principal amount of under constrcution house and interest of self-occupeid house.

Is it possible to do industrial training in deloitte (Bangalore)?? What all are the procedures for applying for the same??

dear sir,
in our company we are having a loss of rs. 28,64,156/-
as per companies act and loss of rs. 28,95,739/-
as per income tax act depreciation as per companies act rs. 73589/- depreciation as per income tax act rs. 183732/-

but my auditor didn't calculate deferred tax ?

please explain why ?

Dear Experts ,will the depreciation on FA purchased in cash exceeding Rs 20000 be disallowed under the income tax act , i will be grateful for your timely solution..

What if Company is not complying Sec 349 of companies Act, 1956 ????

Dear Experts,
Please solved my query :

Brief description of Service :
One of my friend are carrying AMC with a company. They charges a fixed amt for AMC contract.
In addition to that any other installation of equipment they charges for as per for material which is chargeable for VAT & other bill for installation of that equipment.

My query is as below :
1) What will be service tax on AMC which is provided by my friend ?
2) what rate of service tax on installation of equipment for supplying of material other than AMC contract?
3) will there be any reduction or abatement on work contract of AMC charges or we have to pay 12.36 % of service tax.
Pl. Solve my query.
Thanks in advance.