I JUST WISH TO CONFIRM THE TAXABLE PORTION FOR FBT OF THE FOLLOWING EXPENSES :

FESTIVAL 20% (W.E.F. ASS. YEAR 2009-10)

MAINT. OF GUEST HOUSE OTHER THAN USED FOR TRAINING PURPOSE NIL (A.Y. 2009-10)

IF THE ABOVE RATES ARE TRUE OR NOT ?

Whether service tax is exempted on renting of Immovable property.

Kindly clarify.

Thanks in advance

Dear Sir,
Thank you very much.
to put in a more elaborate manner:

a) We are entering into an commission agreement with a foreign company X.

b) X Company which out of country has to supply certain materials for the purpose of installation to Y company in india.

c) We are to take care of support services regarding logistics, payment, etc... on behalf of X company in india.

d) Invoice will be raised on X Company by us.

MY QUERIES ARE:
1) Can we raise the invoice in Foreign currency.

2) Is service tax applicable.

3) Will X company deduct tax and pay the balance while remitting the amount to us.

Regards
S. Anand

we were given one market survey assignment to a marketing company. apart from charges, there claimed traveling expenses separately with service tax. kindly clarify that whether service tax will be applicable on reimbursement expenses ( separate bill)

Sir ,
Processing on goods supplied by the manufacturing unit is exempted vide noti.no.8/2005 vide explanation II .But here meaning of supply is to be interprated more in case if the factory is spread over in Big area and it given work to someone for processing on job basis i.e.completion of work basis and billing by the service provider on the completion of work basis on monthly basis.the factory is clearing the processed goods ultimately by paying duty to excise department.as the act has mentioned that service tax will not be liable he service provider make process on the goods supplied by the manufacturer and he pay the excise duty after processing of goods .
In the present case the movement of raw mat./semi finish is in the premises itself whether it will meant as supply of goods ?
my e-mail id is gargbk2001@yahoo.com

We are given one market survey assignment to market survey company. at the end of the assignment work there reimbursed their traveling expenses with Fringe benefit tax. Whether FBT will applicable to contract relationship. but i understand that it will applicable to employer employee relationship. pls clarify

If we have quoted wrong pan of the vendor in filing TDS return for previous F.Y. then what to do in that case ? Do we have to file revised return for that single vendor for whole last year or is there any other way s there for rectifying that mistake like by giving a letter in writing to vendor.

In the income tax act it is said that if the House for which loan is availed and is used for claiming Income Tax rebate/deduction, if sold within 3 years the Income tax benefit availed will have to be returned. For this period of 3 yrs. what is the date considered?
Is it date of registration at Corporation?
Is it date of possession?
Is it date of final disbursement of Home loan.?

Is the excess of income over the expenditure of a Member's Club subjected to Income Tax? If so is there any exemption limit? Is it mandatory on the part of the Club to file the IT returns in case where tax(TDS) is deducted by the banks on interest payments on Fixed Deposits kept in the Club's name?

As per Section 383A(1) of Companies Act,company having a paid-up share capital of rupees twenty five lakhs or more is required to hv a whole time company secretary.
Does it mean the company should hv CS for full year or evn for part of the year is valid.