Dear Sir
WE are SSI unit with our works and registered office at Rajgangpur Orissa.We had taken up a workorder from Tata Projects Limited based in hyderabad for fabrication and erection of 8 no. Coal Bunkers and 4 fuel Oil tanks at Vedanta Alumium Ltd Burkhamunda, Jharsuguda Orissa in june 2007. According to the workorder and terms of the contract it is clearly mentioned that service tax would be paid extra at the rate of 12.36%.TPL paid us the service tax on our first 2 running bills which we duly deposited with the service tax dept in the respective quarter.In the subsequent running bills TPL stopped paying us the Service tax amount.After repeated queries almost at the end of our completing the work order they informed us that they would only reimburse us the service tax amount after we submit proof to them that we have deposited the service tax amt in advance! We naturally disagreed as the service tax amt is more than 1lac by now and also we would run into legal problem with the servicetax dept.Also there is no guarantee that they would actually reimburse us the amount considering their past dealing with us.This is obviously a ploy on the part of TPL to evade paying the servicetax amount.I want add that there have been deductions including tds and also sometimes for additional bank guarantee retention money plus deduction due to site engineer not agreeing to our weights and calculation and making corrections decreasing the billed value.We have shown the Service tax amt charged separately in all the running bills.

Could anybody answer the following:-
What is the formula for calculation of MAT for COMPANIES as well as for PARTNERSHIP FIRMS?

Plz. answer the following :-
1)What is the criteria for BPL in INDIA, is it based on PER CAPITA INCOME ?
2)Is there any International Standard for BPL ?

Can u pls tell me the correct date of CA PCE results?

Dear experts

Could you please help me clear this doubt.

A company makes payments of Rs. 75, 150 1000, 5000,15000 etc to a contractor. All payments are in cash and no single payment exceeds Rs. 20000 but the aggregate payment during the FY is more than Rs. 1 lac. Will TDS be deducted on payments of Rs 75, 150, etc.

Thanks

when i upload my itr-1this error occur. help me****************************


Error in Upload of ITR
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Error parsing the IT Return XML.Please upload a proper xml file
Please rectify the Above error(s) and upload your return again

I want to know if there is no assets, no liabilities and no capital, can we mark balance sheet schedule in ITR 4 as N.A. or NIL. If not, how can we treat it?

This is a case, in which whole income is from insurance commission, where no expenditure is shown. Is filling ITR 4 correct?

I have withdrawn PF, will it be taxable?

I have a query on TDS Return

In the TDS return if the challan details are mentioned separately for each and every deductee i.e. for eg in one challan amounting to say Rs.10,000/- there are 5 deductees of Rs.2,000/- each and in the TDS Return if it is mentioned that 5 challan and 5 deductee with the same challan No. If we add 5 challans the total amount will be Rs.10,000/-.

Kindly clarify whether this is acceptable by Income Tax Department. Incase if not acceptable then how to file revise TDS Return.

Hi,

Can someone tell me what all documents to refer for point of recognition of sale.

Actually in case of domestic sales, we consider the point of despatch as revenue recognition point.What is the logic? Is it correct as per IFRS and Indian GAAP?

For export sales, for CIF sales, we reverse the sales for which Bill of Lading is not yet made. I want to know the correctness and logic for this as well.

If someone can urgently respond on this, thanks