individual assessee provides 2 services :- rental of immovabble & brokerage in cloth business.

service tax on rental income was collected in bill and hence, paid off via challan to department.

for brokerage, no service tax is collected.

total of both is only rs.8 lakhs a year (this is 1st year).

My querry :-
this rule that once payment is made of service tax, option to claim exemption of 10 lac in a year is no more applicable.

So now,can he claim 10 lac exemption?

my view- he had paid only as he had collected, he still can claim 10 lac exemptin.

any views,
regards, ca kunjan , kunjan@nsc.in www.nsc.in

SIR, I WANT TO KONW REGARDING ARTICLESHIP.
WHICH FORM TO BE SUBMITTED TO CURRENT AND NEW (CA FIRM) AND ALSO ICAI. AND LIMIT OF DATE TO BE SUBMITTED.WILL I NEED TO WRITE APPLICATION TO ICAI FOR IT. I JOINED ARTICLESHIP IN OCT.2012. PLZ, SUGGEST ME.

Dear Sir
my firm is a real estate firm, we got service tax no on dt.17/12/2012 and our transaction from april-12 to oct-12 was Rs.850000.00 and we made inv Rs.405000.00 in the month of Oct-12 and our limit exceed from 10 lakhs in the month of nov -2012.we do not pay any service tax.So my question are what amount of service tax will pay and what is the interest amount for how many days?

kindly advice to me

Thanks
sahil

I purchased a house 10 years back for 10Lacs. After 4 years of purchase I constructed balance area & 1st floor & furnished it. Except for purchase of house, I dont have any papers / bills. I want to sell the same. How CG will be calculated & how I will satisfy ITax Deptt regarding cost of construction/improvement ? Kindly advice plz.

SIR

WE ARE A PUBLIC LIMITED COMPANY. WE HAVE A EMPLOYEE WHO HAS SALARY OF 225000 AFTER GIVING ALL DEDUCTIONS. HE IS SAYING THAT HE DOES NOT HAVE PAN NOR WILL HE PROVIDE THE SAME AND DEDUCT TDS AS MUCH AS YOU WANT

NOW WHAT SHOULD I DO
DEDUCT TDS @ 20% ON 25000
OR
10% ON 25000
OR
20% ON 225000

YOUR CLEAR CUT REPLY WITH RELEVANT INCOME TAX PROVISION WILL HELP ME SATISFY THE EMPLOYEE.
MY HR PEOPLE ARE SAYING TDS SHOULD BE DEDUCTED ON 225000. MY VIEW IS THAT HE IS ENTITLED FOR 200000 EXEMPTION
AND DEDUCTION SHOULD BE MADE @20% ON 25000
PLEASE CONFIRM
THANKS & REGARDS
DHEERAJ KUMAR

What type of duties involved in imports. which duties of applicable of taking cenvat.
Also let us know FOB & CIF terms.

Also terms of High Sea Sales, Sales Tax or CST applicable on high seas sales or not.

IF WE ARE SELLING STEAM COAL, WHETHER WE ARE LIABLE FOR TCS @ 1%. iF WHETHER FOLLOWING CALCULATIONS IS RIGHT 1% OF (SALE+VAT) = TCS AFTER CHARGING TCS, IF WE NEED TO HAVE NEW NUMBER? WHETHER SAME TCS IS CLAIMABLE BY PURCHASE AGAINST THEIERS INCOME TAX LIAB.

IF BUYER SUBMITS A DECLARATION THAT SAME IS USED FOR PERSONAL CONSUMPTION, WHETHER THERE IS NO LIAB OF TCS.

Sir,

Any one please solve my Query- that one of my friend is running a prop.ship firm of trading of goods in Delhi. He has to pay freight to Transporter on Consignment note basis regularly since the goods come through other state. He is not registered with the service tax deptt, since he is not doing business of providing services. Should he has to register his prop.ship firm or himself with service tax deptt.and should he has to pay Service Tax under GTA (reverse charge).

Thanks in Advance for prompt reply.

Anil Jain
9312640067
akj9312640067@gmail.com

Should the Minutes of Board Meeting compulsorily numbered.

What are the consequences if the same are not numbered

Dear sir,

I have one client and he is take contract from Jewelers for making design and polic, Can I say which Income rec. my client its a Profession Income ? or If its Not a profession Income than where this income show ? please if any one giving answer of this question please tell me which section I refer for this confirmation ?