Dear Sir,
If i have provided a service on 24th Feb (a day before the ammendement in the rates) wat will be the rate of service tax on such service and within how much period should i raise the invoice... Pls provide me the relevant sections for the same

SEC.194I TDS AND SERVICE TAX CHARGED ON RENT
FOR E.G. 100000 RENT PLUS 12.36% S.TAX I.E.12360 AND 112360 SO TDS MUST BE CHARGED ON 1 LAKH OR ON 112360? AND WHY?
EXPLAIN LOGICALLY?

PLEASE CLARIFY?

An assessee is engaged in the business of operating trucks and computing his business income as per section 44AE of Income tax Act,1961 and also not liable to maintain the books of account as per the provisions of section 44AA of the act.

During the year 2001-08, an assessee has sold 2 trucks out of his 6 owned trucks after 4years of its original purchase. Is capital gain on sale of the 2 trucks laible to tax during the year and if yes,

1. Whethe block method of depreciation and computaion of short term capital gain in that accordance applicable to it?

2. Whether it will be treated short term or long term capital gain and indexation of cost is allowed for the same?

Pls tell me the address of Ward 15(2)(3) or mum/w/952/3 in mumbai

pls share information how to find ward where to file income tax return of an individual in mumbai - Any List in excel

Hello,
advise which type of tax(VAT or Service tax) charge on Rent of Laptop..
give provision reference to the result.whether its covered under deemed sale and charge VAT.or it cover under service rule and charge the service tax for the same

Can interest charged on service tax paid be claimed as a deduction from the profit of the business in the year in which it is paid? If not , what is the usual accounting treatment?

Dear Member.

Expences paid in the mode of cash in an inevitable situation whether allowed or disallowed.

Pls Give Us Your opinion In the view of Income Tax Act

Interest u/s 220(2) of the I.T.Act can be levy in the case of Asst. made u/s 158BC i.e. Block Assessment ?

If yes which will be effective date calculation of interest
1. date of Assessment order
2. date of CIT (A) Order
3. date of ITAT Order

If no, kindly advice me according to which Notification / Circular interest u/s 220(2) can not be levy in the case of Block Assessment


Please advice me at an earliest as its very urgent

With Regards

From when circular 4/2008 dated 28/04/2008 i.e excluding service tax from rent applicable?

DEAR FREINDS,

MY QUERY IS THAT MY FREIND IS RUNNING OF TAXI HIRING SERVICE.
HE HAS OWN 6 TAXI & ARRANGE TAXI OF OTHERS ON COMMISSION BASIS.
HIS TOTAL GROSS RECEIPT FOR THE YEAR 12 LACS.
WHETHER HE HAS TO MAINTAIN BOOKS OF ACCOUNTS U/S 44AA ?
WHETHER HE CAN OPT SECTION 44 AE RELATING TO ESTIMATED INCOME OF BUSINESS PLYING/HIRING OF TRUCKS ?
PLEASE TELL ME.
THANKS & REGARDS
CA. B.K.BANSAL