Hi
A propreitorship firm of interior decorator raised bill of 10000( material & Labour) then added vat say 2% i.e. 200 = 10200 . then add designing & drawing charges say 4%( on 10000) i/e.400 and then charges service tax 10.3% (on 400) i.e. 41 and service tax of Rs. 41 is deposited with Dept.
is this correct , if not pl. inform correct procedure

If a woman (Age 56) is having the income from house property as the only source of Income. The rent is Recd Rs. 17940/- p.m. after TDS of Rs. 2060/-.

So my query is can she give the declaration in Form 15 G to the deductor for not to deduct the TDS.

Regards
Rajesh

one of my clint purchased sick industry as a scrap material , it was closed in the year of 2002, that's way they don't have vat registration and also waybills. in that situation, what is procedure to prepare invoice and what about tax on that scrap sale.what is the procedure to shift that material by my clint

If a woman (Age 56) is having the income from house property as the only source of Income. The rent is Recd Rs. 17940/- p.m. after TDS of Rs. 2060/-.

So my query is can she give the declaration in Form 15 G to the deductor for not to deduct the TDS.

Regards
Rajesh

One party has prepared the invoice showing as "invoice for the month of march". In which it is also written that date of commencment of services 20.01.2009 and date of completion 30.03.2009.
It is not possible to get new invoice from party.
Is service tax rate will be 12.36% or 10.30% for this invoice?

For each TDS section , monthly figures are to be given in respect of

* Total expense or capital outgo under the section
* Total amount on which TDS was to be deducted
* Total amount on which TDS deducted at normal rate / TDS amount
* Total amount on which TDS deducted at lower rate / TDS Amount
* Total TDS = TDS at normal rate + TDS at lower rate


Please explain about above said remarks over minimum / Normal \Lower

and also tell me when we have to deposit the TDS april 09 onward

The local municipal corporation has appointed a transport vendor to extract the sewage water from our office area on a fixed payment on trip basis.

As vendor is providing a service we want to deduct a tax, but the vendor's argument is that he is government appointed vendor and the fixed payment has to be received by them on whole basis without deducting any TDS or ESI.

Can we pay vendor without deducting the TDS as per his argument.

I m a owner of self occupied housing property purchase Value is Rs. 80,00,000/- on which i m paying Housing loan interest of Rs.750000/- p.a. but in my tax return i can take deduction of interest payment up to Rs.150000/- only. now suppose i purchase a small house with my own money and value of this new house is Rs.200000/- then which house i has to show as SOP and which i how to show as deemed to be let out and what is the treatment of Interest paid on Housing loan for my first house

Dear sir,

Suppose if

NRI - purchased home in Inida from NRE BAnk acccount

He has paid stamp duty on 10,00,000/-
But he has been asked to pay short stamp duty under 32C of stamp act act on the value - rs. 13,00,000

Dept. has said u have CONCEALED INCOME OF RS. 3,00,000/-

AND HAVE TO PAY TAX ON IT

Is the dept. Correct or is there any way to deal it.?

I also want to know what would constitute "CONCEALMENT OF INCOME" AS PER INCOME TAX ACT

Sir/Madam,

Please tell me the difference between ATC and IPCC?