We are a Bank. Our vendor is a callcenter & paying Telephone expenses incurred for our activity. Telephone bills are coming on vendors name. vendor is claiming reimbursement of the same from us .Are we suppose to pay FBT on such reimbursement of telephone expenses.

Thanks
Yogesh modi

Dear All,

I have recived two bills from our vendor who deals in software license. It's registered & billing office in Hyderabad. In those bills they are charge Vat as well as service tax on whole amount. It's seem to double taxation.

So Plz solve my query ASAP.

Thanks in advance.

Dear Members,

In case of Supply contract TDS not deductible as per IT act.
Please clarify following situation how tds will be treated
Situatio : In case Contract Value 100 Lacs , If we made 1st 2 payment has 10 lacs each without deduction of TDS due to supply contract. While releasing 3rd & 4th paymen Rs. 10 Lacs each wrongly deducted tds. Our question is
1. while releasing balance payment of Rs. 60 lacs whether we need to deduct tds ?
2. Further first 2 payment also attract TDS ?

Note : all the transaction made in F.Y. 2008-09

I want to know whether basic exemption is available to HUF or not

what is the time limit of submitting FORM 15G in Income Tax Department

what is meant by place of profit mentioned in sec 314 of comp act...??

Wealth tax is not levied on productive assets.Urban agricultural land where agricultural operations are carried on is covered under the head Urban Land and is chargeable as taxable Wealth.Is it correct?

Dear Sir,
Please advice me can a customised production incentive scheme be formed in a firm in which monthly incentives will be paid to workers if production exceeds the target production for that particular month. what is the maximum that a firm can provide incentive

Is service tax applicable on billings by a CA on his clients in respect of reimbursements on account of conveyance or travelling

Is service tax applicable on billings by a CA on his client in respect of reimbursement of conveyance and travelling invoices