Company X providing card swiping machine facility to various merchents and getting service charges for the same, all transactions are routed through card issuing bank and a settlement bank. Company X getting service charges from various merchants in turn Company X paying commissions to card issuing bank and settlement bank for their service. I need to know whether TDS need to be deducted while making such payments such to banks.

I once again want to raise the question that whether sect 274 1 g applicable only to the director of public ltd. co or pvt ltd. also??????? As I am not satisfied with prev. soln'.

Hii group member's,
Can someone give me the combined study of service tax & VAT in case there is a contract of supply of material & services both (Let say i have to install my electric items in clients place with the help of few labour cost and full payment i'll receive is 1000/- which can't be separated in material & labour)
- What will be the compliance of WCT which is charged @ 4 percent
- What will be the billing format? service tax & VAT both will be charged at the same time or not?
- What will be the issue of composition scheme?

We are paying service tax thro using input credit available. While filing ST-3 Return I have reported gross receipts as inclusive of Service tax amount and calculate service tax on total receipt and file the return for the last 1 year. Is there any way to file revised return now?

I have paid thro Input service tax credit and utilised that credit in excess.

Say my invoice value is 12500 (Tax 2500)
I have shown after receipt from the client
and pay tax on Rs.12500 X 12.5%.

Kindly help me to solve this problem.

Thank you in advance.
URGENT

Suppouse I have two lorry then I have toenjoy the benefit of u/s. 44AE ?

Suppouse I have two lorry then I have toenjoy the benefit of u/s. 44AE ?

Friends My Question is,

The financial year of a company ends on 31st December.on 1st January it is amalgameted with another company & it lost its induvidual identity.under the income tax act F.Y. ends on 31st March. I want to wheathe it is possible to sign the tax audit report & balance sheet on 31st march or it will sign on 31st december

Hello Sir,
Myself,I am aashish agarwal,i have done 12th this year having commerce stream with maths.My query is i want to know all the opportunities and options with their age limit and other important information, i have in commerce like C.A.,CS,etc.Instead i am prepapring for CA entrance but i would like to know.I enough intelligent to have any courses as i can assure i would have 90+% in 12th.I would also wanting to know the sites i can go through as soon as possible.
Thanking you

whether repairs & main. of Plant & Machinery amounts to contract for TDS liability? And whether Service tax liability also arises to be deducted from the payment made to contractee??

i want to confirm whther the Repairs & Maint. of Plant & Machinery will amount to Contract for TDS Liability for a company.
And whether Service Tax is deductible on repair maint. charges payable to the contractee??