We are STPI company and claimed 10A benefit in last year.

There are some expenses claimed in last year & reversed in current year. Auditor has asked to reverse it as Other Income. Our problem is if we show as other income then we can't include in business income to claim 10A deduction becuase, in general, other income used to take out from business income and offered to tax under other sources head.

for us tt is better to not to claim provisional expenses so income get increase and claim 10A benefit rather pay 30% on reversal of expenses which were actually not paid by the company.

What should be the remedy,can Co. claim 10A benefit on reversal of expenses i.e. show that exps reversal in business income? Any supporting case law is available to satifsy audior?

Please help.


Regards,
Mehul Dedhia
mehulddedhia2002@yahoo.com

Hi-,

What should be the date on letter of declaration u/s 274(1)(g) and 24AA. means begaing of the year, last date of previous year, last date of current financial year or after completion of current financial year.

Please advise.

Regards,
Mehul Dedhia
mehulddedhia2002@yahoo.com

I have calaimed Less TDS in return filles in AY 2007-08.
Now received notice U/s 143(1)where TDS considered evevn less than claimed.

in reply of such notice Can I claim TDS which I was not claimed earlier?

I have all original TDS Certificates with Me.
can IT Act have any provision for above?

We are a co. and an individual paid us Rs.77068/- in the period 1.4.2008 to till date. but not deducted TDS.
What will be the consequences.

Hello,
In case of imports of goods so many duty charged like below:
BCD@10%
CVD@14%
Education cess on CVD@2%
Secondary&higher CVD@1%
Custom Educational Cess@2%
Custom Secondary & Higher Education Cess@1%
Addtional Duty(Imports)@4%
tell me on which type of duty(as above) we take input credit and which duty include in our purchase cost.also tell duty(as above) which set off by other tax also.

A service Provider who had provided Taxable service in 2007, can claim the amount of Service Tax from service Receipint if not claimed in 2007.
If so, whether Service receipint is liable to pay service Tax in 2009 or can deny the liability of service Tax now

hello everyone
if a home loan is taken by the employee from its employer bank and int charged to employee is less than charged to any normal a customer of the bank.
1)rebate in int is to be treated as perk in the hand of employee.is it correct.
2)whether he can claim the deduction for int on loan. he has acquired home with the amt of loan but till date has not paid any installment for the same.amt of int is accruing in his loan account..
pl. suggest
thanks in advance

A company has deducted arrear Professional Tax from employees pertaining to FY 2007-08 in the FY 2008-09 as there was a change of basis suggested by the P. Tax authorities.

Can the same be allowed as a decuction in the Form 16 of the employees for FY 2008 -09.

OUR CLIENT IS EXPORTER AND CLAIM SERVICE TAX ON EXPENSES INCURRED FOR EXPORT. THERE IS ONE PARTY WHO SENDS US THE DEBIT NOTE IN LIEU OF BILL WHICH CONTAINS OCEAN FRIEGHT, CLEARING AND FORWARDING CHARGES ETC AND CHARGE SERVICE TAX ON IT, BUT ON SUCH DEBIT NOTE PARTY,S SERVICE TAX NUMBER IS NOT MENTION MOREOVER WE CAME TO NOW THAT PARTY IS NOT REGISTERD WITH DEPARTMENT FOR SOME AREAS OF SERVICES WHICH HE IS PROVIDING TO OUR CLIENT. BUT OUR CLIENT IS CLAIMING SUCH SERVICE TAX. SO MY QUESTION IS WAT R THE CONSEQUENCES OF SUCH NON DISCLOUSER OF SERVICE TAX NO. ON THE BILL CUM DEBIT NOTE AND WAT ARE THE CONSEQUENSES OF THAT SERVICES ON WHICH THE PARTY IS NOT REGISTERED WITH SERVICE TAX DEPARTMENT BUT HE CHARGING SERVICE TAX ON SUCH SERVICES.

Notification No. 8/2009 ST. This is wih reference to Rate of Service Tax applicable w.e.f 24-02-2009. One of the vendor has raised the bill for AMC for the month of Feb 09. He raised the bill at the end of Feb with bill dt. 28-02-2009 in that he charged Serice tax @ 12.36. He states that the service was for the full month. Pls guide me whether his chargeability was justify. Whether bill date does not make any differrence? He also state that can he charge service tax @ 12.36% upto 24-02-2009 & 10.30& thereafter till Feb 09 in one single bill. Pls guide.

In addition to above pls explain the taxable envent in service tax. Whether it can be at the time of rendering service/s or date of raising the invoice for considereation.

Pls guide.