As per the latest amendment of service tax if a person is charging commercial rent or consultancy fees for the month of Feb 09 at the end of the month then service tax will be charget @ 10% or 12% or proportionately.
If rent is charged in advance then at the intial stage service tax will be charged @ 12% but after comming amendment for that month service tax will be 12% or later on debit note will be issued.
Please tell me.
Respected experts
My mother's income has exceeded the maximum exemption limit which is not chargeable to tax i.e. Rs. 180000. Please suggest some tax-saving options available to us which can be utilized at this point of the FY. Please guide.
Thank you.
i am businessman and i pay lorry frieght for the year 2008-2009 to transport more than 50000 in part.shoud i deduct tds?
that transport has not pan no.
Is service tax leviable on renting of chairs, tables and splits used in commercial offices. PLease provide adequate suppotings.
Thanks
Sir,
We are paying commission to our agents who are arranging orders and payments from our customers. Basically it is commission for sales of our finished goods.
Are we eligible for service tax credit and under which category?
Your valuable guidance are solicit.
Regards
Ganesh Pawar
Hi....pls tell me what would be the best combination CA +CFA(US), CA + CPA(US) or CA+MBA(Distance Learning india)....I want another degree with CA to prosper my job oppurtunites and to get a lucrative salary package.....thanks
CAN WE APPOINT ALL DIRECTORS AS NON EXECUTIVE IF YES THEN HOW THE QUORUM WILL BE FORMED
There are many professional who opt to follow cash basis.My query is how will they allocate the tds recievable by them (especially at year end) as the actual receipt may have been recieved at later stage.....in most cases. In such cases there will be a mismatch in the gross income as per the TDS certificate and the actual income received. Moreover, if a consolidated TDS certificate is received, then what is the solution?
I am having a profit of Rs.48000/- before partner's salary can I divide the salaries between the two partners 24000/- each and show net profit of zero in Income Tax returns.
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Amendment on 24 Feb, 2009