The process of realization of export proceeds from buyer, two banks viz exporter’s bank in India and nodal bank in foreign country render their service
and both of them recover ‘Bank Charges’ for services rendered by them.

When an exporter receives export proceeds, their Bank in India sends export documents to their Foreign Bank for further necessary action. Such foreign banks then proceed further and realize export proceeds from buyers. They remit the export proceeds at prevalent foreign exchange rate after deducting their Service Charges to Exporter’s Bank in India.

Whatever charges deducted by Foreign bank, Service tax is liable on it?

The firm in which i am article has 7 partners.
Head Office in Haryana and branch offices in delhi and bhopal.
one of the partner under whome i am registered has now resigned from the firm from jan 2009.( office at Bhopal )
Now he has started a new firm under his name in BHOPAL.
I am still working in delhi office.
please tell me what should i do
my principal is in Bhopal office and i work at delhi office
is it permissable.

Please suggest me
I am very much confused.

Sir,

Our employees does not receive anything covered u/s 17(2) or 17(3).

Now, my question is : "is issuance of Form 12BA with form 16A compulsory?"

2nd Question :

there are many employees on whose salary NO TDS was deducted last year as either their salary was lower than the threshhold limit or they had submitted the sufficient rent slip / investment proofs to make their salary exempted.

Now, as an employer what is our liability to issue form 16 or 16AA to such employees?

Thanks & Regards,

Subhash

Hi

Please inform 10 top companies which a chartered accountant can aspire for and prepare for ... in terms of money and lucrative career ..

preferable if you could inform from the perspective of india and uk..

regards,
anu

I hav passed PCC in Nov'08 in 1st attempt. I m good in costing & didnt faced any doubt & in final I see that most of the chapters of PCC r repeated. I want to ask can I do it self study based or should I opt of tutions? & which refrence book would u like me to prefer for costing & O.R.??

dear sir,

what is the percentage of fbt on festival celebration for the assesment year 2009-10

thanks & regards

Is there difference in VAT, TIN, PAN nos. of Company?

Dear Sir

Kindly let me know whether the company should charge VAT on sale of Motor car owned by it? If yes at what rate under which clause.

The company is not involved in the business of selling of car it is in real estate business. The car has been classified under Fixed Assets

The sale is happening in Karnataka and also between the group companies

Regards
Hemanth

There is one person from Nepal in our company who is staying in india from last 17 years till last year he was exempted from tax this year he is coming under tax bracket he want to GET PAN but he doesnt have any document. kindly advise

Can Excise Duty paid on purchase of Exciseable goods by a non exise dealer how has service tax output,can that amount paid be claimed as Input Credit for service tax?under cenvat credit rules?