I need some clarifications regarding service tax notification no. 20 of service tax as to how ascertain the liability of service tax on receiver nd provider

Can you please explain me this Statement:-
No drawback will be determined (i)if it is less than 1% of FOB value, except where the amount of drawback per shipment exceeds Rs.500/-
give an example if possible?

One of My Friend is working in a petroleum Centre and getting Basic Salary of Rs. 6028/-. Employer deducts EPF @12% Rs. 723/- and Employer Contributes only 3.66% of Basic Salary. So, My query is that, can employer contribute only 3.66% EPF. If yes then please let me know that is there any provision of Lower Contribution.

Please Reply Me Soon.

A retired senior citizen gets pension which does not exceed basic exemption limit. but every year TDS is deducted by the employer. how can we apply for no deduction of TDS on the pension amount instead of claiming refund every year. Is form 13 applicable to senior citizen pension amount?

what should i do if my Principle not giving me transfer ????? i have not completed my one year of articleship ??? plaese help me

Sir,
I could not write my offline cpt exam yesterday.when is next cpt exam.some are saying that online mode exam is on february or march, can i give it?and some others are saying that online is optional and offline is mandatory?what are all that?is cpt conducted 4 times a year?what is time limit?please answer my doubts clearly and genuinely as soon as possible.
Thank you.

I am selling a property which was bought more than 40yrs back. when it was purchased, the sale deed mentioned "all land and building" for the sale consideration without a bifurcation of the individual amounts. subsequently, in all the balance sheets, depreciation has been claimed on building without the mention of land anywhere in the balance sheet.i would like to know if since we have not mentioned land anywhere in the balance sheet and claimed depreciation on building, is it automatically understood that depreciation has been claimed on land as well?also if i have to pay long term capital gains tax(at 20.6%)or short term capital gains tax(at a flat 30%)

I want to ask one query of Capital Gain.

There is Person X who acquired the right of property from the Housing society of Rs 4,00,000 in 2004 and Now in 2012 He sales the Right to another person of sales consideration of Rs 19,00,000. Now, There is Long Term Capital Gain. Now the Person X want To save The tax And Want (Tax Planning).
Kindly Revert Back as soon as Possible

Dear Experts,

If i invest in a scheme, where i have to give money Rs. 150000 for first five years & then i get Rs. 27,94000 then how much rate of return ??? In % ok.

Plz guide as early as possible...

Thanks in advance..

Dear Sir,

I have a proprietorship firm and i want to get it registered under service tax.
I just want to know that whether Firm's current account cancelled cheque is mandatory or proprietor's saving accounts cancelled cheque or passbook photocopy can be sufficient for getting registration under service tax these days.

Thanks in advance

Vipin Rastogi