One of my client have collected Service tax on rent of immovable property in the month of April 09 after the high court order, which he was not suppose to do because the DH has held rent on commercial immovable property unconstitutional.

Now he asked me should he deposit that ST to government or refund back to the party.

In my opinion:
The service tax collected should be deposited to the govt within due date and henceforth he should not collect ST from the party unless and until Supreme Court gives contradictory order to DHC.

Am I Correct?

If employee purchased a Agricultural land out of Salary income is there any exemption for income tax?

Is Tax on dividend applicable on what basis? & can you give me details information on tax on dividend?

We have taken a life Insurance policy of rs 100000. we have made payment of Rs 25000 as premium which accounts for more than 25 Percent of the policy amt.
The policy amt has matured and we have received the amt
Will full 100000 will be taxable Or rs 75000(100000-25000) wil be taxable???
The premium which we have paid will be allowed as deduction or not???
Section 10(10)(D) says that if the premium amt paid is less than 20 Percent of the the policy amt then the whole amt received will be tax free
Plesse answer this question fast

Kindly let me know that how can we surrender service tax number & what the process for the same.

tks
rajesh shukla

One of my FD of Rs 10000/- is maturing on 12th July 2009. Now i dnt wanna encash it right now n i dnt renew it. I wanna go and encash my FD in December 2009 when my other FD's are maturing.My question is that will i get Savings A/c interest of 3.5% for the period of 12/07/2009 to December 2009 on matured amt. I am asking this bcoz i read somewhere that there was a RBI notification in this regard. Pls Rply??

Dear friends,
Our company has taken some Flats on Rent for our Employees.
We are deducting TDS on the Rent u/s 194I.

We also are including the Rent figure in the salary of the Employees & deducting Tax from the Salaries of the Employees u/s 192.

Is this the right treatment?

Are we not paying TDS 2 rimes on the same Rent Expenses?

Should we debit these expenses in Company Books in Rent Expense or Salary Exp?

whether any link of authorised caital requirement with the main object of the company.

I have to pay a consolidate bill of Rs.50261.00 to an communication store towards Online Prepaid Mobile Recharges of 500 nos done by him. So should I deduct TDS under section 194C as payment to Deemed contractor or the deduction will be under other section of TDS or there wont be any deduction at all?

Please help.

Thanks,

Gurmeet

According to FBT law, FBT allowable on Telephone exp( Which installed in office, factory or any other places)

Whether PCO bill charges should be applicable for FBT or not

and any telephone installed in company only used for FAX, is also applicable for FBT or not