the assessee comes under works contract fir charging service tax.The return for fin yr 2007-2008 has been filed in aug 25/8/2008. and even the liability of service tax which comes to Rs 380243/-is paid on on 25/8/2008.It is a Pvt Ltd Co.,need to calculate the Interest for thelate payment of the same.Want to know the basis and the amount of Int chargeable.

Regards
Rashmi Poojary

I am an exporter concern. My firm dispached a consignment in Nov.2008 from Delhi to Mumbai to ship it UK but it was being hold by buyer in Mumbai port. The same was stored in Mumbai CHA Godawn while Now in Feb.09 this shipment was returning from mumbai to delhi in our store while we have included it in Nov. Sales. How to book this trasaction is this sales return or cancelled sale

A listed company Board comprises of:
1MD,1ED,3 Non-Ed(2 are independent).
Total board Strength is 5.
Md, ED- resolution appoints them for period of 1 year,
Artciles say " MD/WD shall not be liable to retirement by rotation."

Is Section 255 complied??

I purchased a property which is under construction.Can i claim HRA and loss of house property. they both are in the same city.

Hi i ahve this doubt abt claiming hra n interest on housing loan simultaneously when an employee is owning a house property declaring it as self occupied and also claiming HRA in the same city.


for example an employee is staying and working in bangalore claims HRA as well as interest on housing loan on a property which he claims as self occupied.

Is there any case law or a section restricting the same please state the same.

thak u harini

When should Form 1B be filed when Change in the name of a Private Company is under Process??

What is the treatment of preoperative expenses for accounting as well as income tax purposes?

What is average rate under AS 11? In case of huge fluctuations in exchange rates during a particular month or months can we adopt daily rates for average rate ? Can a company adopt daily rates for non-voluminous transactions and average rate for voluminous transactions during a period where there was huge fluctuation in exchange rates (it was not realised while booking the entry, it was realised while closing the books)?

What is average rate under AS 11? In case of huge fluctuations in exchange rate during a month can we adopt daily rates ?
Whether it is correct to adopt daily rates for transactions which are not voluminous and adopt custom rate to transactions which are voluminous (in case of huge fluctuation during that particular month) as per AS 11 ? If yes how to disclose in notes on accounts?

Dear All ,
My Company Is Advertsing Company , which is advertising for verious Newspaper .
We Are Charging Service Tax On Bill Amount which is DAVP (Display And Visual Play). But East Central Railways is not paying the service tax Amount.I want To know is railways is liable to pay the service tax or not. if there is any notification or case law , please give me detail