Dear sir
I have cumulative deposit with a nationalised bank. I will get interest amount around Rs 3 Lacs by 2011. I am informed that, under provisions of section 194(a), the bank need not deduct tax till payment is made. I have no other income. My question is.

Can I file return with income tax department showing interest on accrual basis and pay applicable tax every year from now on marcantile basis?

Or Shall I have to wait till the deposit is matured and tax deduction certificate is recieved by me. At that time income pertaining to 3 years will be taxed in one single year.

Please advise

Thanks and regards

Subrahmanyam

Madam/Sir
On dtd.31.03.09, the balance of a bank is Rs.47589554.37 but in the computer it shows Rs.46037430.17 a cheque of Rs.1552124.2 deposited in bank but not cleared which figure will show in Balance Sheet (i.e., the figure of Bank Statement or Computer). Plz. reply.

Sir,
We are having regn. of service tax in the head of
1 Renting of immovable property services and
2 Maintenance and repair serive
Now we are charging rent on generator services of one tenant of commercial office in our building.
Can we issue service tax invoice by using the same regn. number or there are any other head of service tax registeration required for raising rent bill for generator.

regards

is there any difference between

duty free goods and duty expempted goods


pls explain and advice

Thanks & regds

RK Saini

Dear Friends,

how is the taxation of Real Estate business(purchase & selling of plots) of a firm Computed?

whether benifit of capital gains applicable or not?

whether it is considered as a business? and the profit arrived after deducting all expenses is taxed?

please urgently help me fellas..

thanx in anticipation.

we have exported a material under rebate claim.we dabited the duty from cenvat register

now we don`t want to claim the rebate from excise because we have got the drawback from the same shipment

we have submitted the proof of export with the excise department within the statuatory period

now can we revert back the excise duty amount to our cenvat register which we dabited at the time of export

pls advice

Thanks & regds.
RK Saini

Can anyone help me on this query?

Actually Service tax on a service is declared unconstitutional by one High Court & possibly judgement will be upheld by Supreme Court.

If in the above case Service tax has already paid, Can refund be claimed?

or If I had already provided the service, & service tax on that service not paid then what is the consequence?

Can any one explain the concept of slump sale & demerger IN sec 43(6) c & explanation 1 & 2 to sec 43 (6) C

Hi
I am pursuing C.A. and I am not getting interest in it anymore.
Kindly help me, for my future.

Thanks in advance.

Dear Sir,

We are the manufacturer of auto components. My query is related to job work with material.

We are doing a products on job work basis with materials, appox. cost is 5 lacs of the said job work. So my question is, how to prepare the bill? Do we prepare the two separate bills? one is material & second is labour charges? or one bill covering the both materials & labour? how to levy taxes?
what is the impact of taxes i.e. excise, service tax & Vat?. Is it cover under WCT?

Please clarify the same immediately.

Regards

Sanjay Bhagat