Experts,

I am individual receving income as a professional fees after deducting TDS u/s 194J, but my total annual income is below the statutory limit. I wanna know whether is there any provison in Income Tax Act by which I can received my fees without deducting TDS.

Pls reply it's urgent

Regards,

Xand Y are partners of partnership firm . A.O of X is of the opinion that the income returned by X is actually taxable in hands of Y. A.O. in order to safeguard the interest of revenue assessed the income in hands of both X & Y . He recovered tax from both. He imposed liability u/s271(1)(c) on Y for cocealing the same. Comment on the actions of the A.O

Dear sir bhilwara ki ek firm ahamdabad se fabric purchase karti h jo or usko ahamdabad me job karwati h or finished goods garment bhilwara mangwati is puri process me khnhi koi tax nahi laga h kya esa correct h proriter ne kha ki fabric tax free item h jabki isse phale garment purchase karti thi to cst lagta tha kya hona chahiye sir

Dear Experts,

I understand that if a company avails the service of GTA service, it has to pay the service tax under Reverse Charge Mechanism, in this regard i have following queries

1. Can such company can avail the abatement of 75%?

2. if such abatement is availed and tax is paid in cash, can such paid amount again be utilised as credit?

3. if such GTA is not registered for ST (for any reason), will there be a liability on the company to pay ST under Reverse Charge Mechanism?

4. Say such company is a middleman and not the ultimate beneficiary of GTA service, will Reverse Charge Mechanism apply to the company?

how to score gud in cs foundation.......m little bit confused.....give some tips for scoring gud marks......?

I want to if it is mandatory to take VAT and CST number for a Tax free product. I have a manufacturing unit of Vermicompost which comes under exempted goods so plz guide me.
Please let me know what are documents required to run my business if VAT and CST number not mandatory?

how is the treatment of banquet advance received by a convention center?
Advance is collected from clients who book the hall. The advance remains with the company for more than 6 months in some cases?
Is this an income or a liability for the company?
please give the entries too....

In case of builders (service tax )

suppose the ser tax rate is at 10% (assume no edu cess)
if I hav recd Rs 55 lac as advance against booking of flat 1 year back & now i am paying ser tax after obtainig Ser Tax No

Now later i recover ser tax from buyer of flat i.e, Rs 5 lac
cash in hand is Rs ( 55 lac - 5 lac +5 lac ) =50 lacs

So my question is shouldnt be service tax on 55 lac as after paying tax amount lying with me is 55 Lac
therefore ser tax = 55lac *10% =5.5

Difference of 50,000 ??

My client is a small scale service provider whi has already register for service tax.Howevr in F.Y 2009-10 the gross amount booked for service was Rs 10,76,198 of which Rs 96,000 is the TDS entry of which service has been provided as well has receipt received is in F.Y -2010-11.Since earlier service tax was charged on receipt basis on the gross amount.

Therefore i want a clarification whether Rs 96,000 will be included in F.Y.2009-10 or F.Y.2010-11

Please reply at the earlierest

our firm registered office in mp. some good import and warehoused at gujrat and also sale in gujrat though warehouse.
now whether taxable under mp cst or under gurat gst. billing done in mp


thanks