If i received commission on export sales, is it liable for service tax?

In case of transaction with ASSOCIATED ENTERPRISES service tax need to pay on accrual or receipt whichever is earlier. However please advise while determining service tax liablity whether service tax credit on unpaid items can b adjusted or not.

Hi all,

We are manufacturer of any item in India and exporting goods outside India to various parties as under through an agent e.g. MR.X who is a foreigner, We are paying Commission to Mr.X for Sales done to various parties in India and abroad.

What is the rate of TDS for commission paid to such agent ?

Whether we can pay Foreign Currency as commission to Mr.X ? How?

If there is no TDS on Commission paid to Foreign agent as per Income tax circular no 786 dtd 07-02-2000

Any threshold limit of percentage of commission for paying to foreign agent ?

or

Any threshold limit of commission in INR for paying to Foreign Agent ?

Whether we have to do an agreement or MOU with the foreign Agent or not ?

Please guide me at the case is urgent.

Thanks

Please tell me the similarity between the two sections i.e 115A and 195. Plz tell me which sec is applicable and how to decide the applicability of each

Can anyone please guide me how to make Vat entry during purchase and sales. ?How to make service tax entry during sellin of service and taking input service.? Our client is Hotel so luxury tax would be leviable so what will be its %.? Morever the vat and service tax would be levieable on gross amount after luxury tax? Please guide. Thanku for ur cooperation.

An Indian co. purchased some assets in foreign currency eqv to Rs 50 million on credit.At the year end the creditor is still outstanding in the books but the co. made an unrealised gain of say Rs 5 million on that.

What will be its treatment in accounts and Tax computation ?

Will there be any deferred tax impact of such unrealised gain ??

Dear All,

please resolve my query.

Hi,
I am filing a ITR of one of my boss since 1998,

in startig 2-3 Year we filed the ITR with "PAN APPLIED"

than next 2-3 Year we filed with "GIR No."

After some time i got PAN No. on phone by party & filed with that PAN which was wrong

Recently when i m filing ITR online for financial year 2007-08 i came to know the correct PAN no.

I filed with Correct PAN No. this time

Please tell me. what are the implication / penalties etc. can be charged on the Assessee.
also let me know what can we do for avoid any penalties & get this error rectified.

Thanks & Regards
Praveen

We have paid the TDS and accordingly file our quarterly return as well. But at the time of filing the quarterly return we have entered the amount credited (Party wise) by reverse calculation taking the amount of tds paid as base.

Now can we issue the TDS certificate by making alteration in the amount credited figure because the tds paid and deducted is tallied.

Or can we make the adjustment in the last quarter (By checking from the parties ledger account).

Please suggest which option is correct.

Thanks in advance.

Hi,

Have you received your admit card for JUNE 09- Final Exams. It is already 13TH MAY and I'm very worried. It also seems that the website www.icai.nic.in is also not working. Do you know what to do? Will it come? What to do if it doesnt come? The website is also not working. Already I am in tension. Now this tension also. Please Help me