In a manufacturing industry, Employees are provided refreshment (tea and snacks) during mfg process. These exps are debited to staff welfare account. Are these exps liable for FBT? It not, then what type of expenses are covered under the head employees welfare exps. for the purpose of FBT.
2 A director uses its own car for the company. The petrol exps of the same are charged to Travelling /conveyance exps in P & l a/c of the co. Are these exps liable for FBT?
3 Whehter FBT is to be paid on Advertisement.
Please clear the above queries.

If a trading firm conducting by two partner have 5 worker. All workers just do work of movement of goods from warehouse to shop.
As partner are not employee,
Is this firm liable for FBT? why?

F.NO.137/58/2007.EX.4 - dated - 29-03-2007
Service Tax - Issuance of Show Cause Notices for non-filing of returns - Reg. - A persons who are not liable to pay service tax (because of the turnover based exemption) are also not required to file ST.3 returns

Can u provide me with a clear view on this circular of department regarding non applicability for filing of returns for providers whose turnover of taxable services does not exceed threshold limit

In the trasportation business, our total taxable service around 9 lakhs for the year 2008-2009. we are in exemption limit, but registered under service tax. we are collecting service tax on our bills. My Question Collecting of service tax on bills , we have to pay service tax or not? Still date we are not filed any returns to dept. but we collected the tax. My question is shall we pay service tax or Not? Or what is the treatement under service tax in collected amount?

What is the difference b/w cash discount and trade discount... PLz xplain...

Dear Friends,
We have a Manufacturing units having major of its sales as Export.
We are in process of converting this unit to 100% EOU.
Whether we will get Benifit u/s 10B?

Dear Sir

this is with ref to CBDT circular 4/2008, it says that no TDS U/S 194-I to be decuted on total billing inclusive STAX. Claiming that TDS is applicable only on Income. however STAX is not his income.

like this, shall i need not to deduct TDS on Service Tax - U/S -194- (C) & (H) & (J)
.If you have any circular regarding no tds on TAX pls advice

A company has purchased a mouse of computer for RS 1500. Should that amt be capitalised or it should be treated as revenue expenditure. what will be the reason of the amt being treated as revenue or capital expenditure
IF it is capitalised then the entire amt will be shown as depreciation in the first year

Respected Members
Please clarify me. Once we collect the servicetax on commission and during the F.Y. and income is below taxable limit of Rs. 10 lacs, What we should we do, Is it to be remitted to Govt. of India.

PLEASE LET ME KNOW ABOUT REGISTER OF MEMBERS TO BE MAINTAINED BY A COMPANY U/S 150. HOW IT IS MAINTAINED WHEATHER IT IS AMINTAINED IN VOL-1 AND VOL-2