Sir, I want to ask you that whether pen drive, mouse & mouse paid purchases with computer can be considered as a fixed assets or not.

Can one use the gift in cash received from fatehr to pay house loan.

sir,
can we pay advance tax after due date.

and interest shall be levied on such amount

Our real estate firm want to give Gold for plot buyers.(for 50 (out of 500)plot buyers 8 gram)

it can be take as expenditure as per income tax act.

Dear Sir
I have received bill from our service provider he charge 12.36 % Ser. Tax on Freight, He told us that he had already filed the Service tax return

to deposit Ser. Tax of freight is responsibility of service receiver

Kindly suggest what will be the treatement of service tax in the book of received of services

Under the Reverse Charging Mechanism for Service Tax, For Works Contract Services the Service provider and Service receiver have to pay Service Tax in the Ration of 50:50.

My Query is:
Whether a Sole Proprietor Providing Service to the Company registered under the Companies Act 1956 have to pay 50% of the ST when his Total turnover does not exceed 10 Lakhs.

Thanks in Advance

Dear sir,

I am accountant in one proprietor firm and firm have service Tax number
Proprietor (person) received Rental income from one party
Party deducts TDS and after deducting TDS spend Rental amount to Proprietor (person).
Proprietor quarterly deposited 12.36% Service Tax to government.
If proprietor received bill of firm name from one service providing company.
Can proprietor (firm) credit it .,yes or No,
If no than
If we can received bill named Personal Name than we can received this service Tax amount credit .
Please give guidance about it
Thanks & Regards
Ashwin gohel
Rajkot

Ours is a pvt ltd. company.we have entered into a consolidated contract with an athlete for sponsorship.in lieu of his sponsorship service we shall be making a fixed payment to him plus a % share in profit from increased sales.It is known to us that the the company is liable to pay service tax under reverse charge on the fixed amount paid but whether the profit sharing will also be liable to service tax?please clarify.

Dear All,
We have appointed doctor to visit once in a week to our factory premises and doctor charge us some amount, so please let me know whether TDS should be deducted at the time of payment? if yes at what rate?

Hello,

I have sold a flat, which I held for about 6 years now. In terms of the Long term capital gains tax, please could you tell me -

1. In how much time do I need to purchase the new property after selling the old one? Some articles list this as 1 year while some say 2 years, which one is correct?

2. Most importantly, if I book a new under-construction flat with full downpayment (using the entire proceeds I have received from the earlier sale), but the flat possession will be received only 4 years from now, does it meet the requirement of IT authorities for taking the LTCG benefit? Basically, does the 1 or 2 year timeline in point 1 refers to physical possession of that property within this time or just the fact that all the proceeds have been invested into another property?

Thanks and please let me know.

Best,
Narayan