As per Rule 2(1)(d), the receiver of sponsorship service is liable to pay service tax on the services received. Are they required to deduct the service tax amount from the amount payable.

For eg, A P Ltd has raised invoice on Shika, the service receiver for Rs. 2,00,000. Service tax is not charged as service provider is not liable to pay service tax.

Shika, instead of paying A P. Ltd (200000 less TDS applicable ), pays them (200000 Less TDS Less Service tax).

Is this correct? The payment of service tax is the liability and burden to be borne by service receiver.

In my view, Shika is not supposed to deduct service tax from the amount payable to A P. Ltd. Please comment whether my contension is correct or wrong

The cost acquiring a Leasehold land is amortised over the period of lease.Hence, Depreciation/amortisation is allowed as per companies act.


But whether the amortised amount (ie depreciation)is allowed as deduction in computation of Income under the Income tax Act? If yes under which sec of income tax

If no, While calculating defferred tax Whether we have to ignore the leasehold land depreciation as per copanies act ?

hello
can somebody give me amy idea regarding what should be the ideal word limit for the answers of Law in Pcc for different marks.

and do we have to explain the cases??

thnak you.

how in BANKS fd interest are calculated.........whthr on the basis of simple or compound interest..pls tellme the exact procedure briefly.........

Cld U SM 1 TL ME HOW SHLD I CALCULATE DATE DIFRENCE ,,,,,,,,,IN MS EXCEL.........PLS DESCRIBE BRIEFLY...........URGNT

we have received 15g from Party then where to deposit it

whether it deposited in IT Departmnet if yes then what is the last date of deposit it

Dear Sir,
The Form 17 is yet to be updated for TDS e-payments in the nsdl website.
Please confirm whether this information is correct and is there any other alternate for making this payment.
Regards
S. Anand

Any expert views on comparision between CISA and DISA in terms of course content, acceptance in India and level of expertise.

I enrolled in Ca studies in 2001 for Intermediate exam and completed my articalship in 2004 .But due to some problem I quit from CA now again I want to renew my registration is CPT is necessary for me or I am free from CPT.

If an Indian company is the only and 100% shareholder of an establishment regitered outside India, will the whole income from such establishment outside India be taxed as profits/gains of the 100% holding company? or is it that only the profits which are repatriated into India will be taxed?