Our company got a bill from a party for Design of our new plant. The party has charged service tax on his bill. we have capitalised the value of this bill with the cost of plant.
Should we deduct TDS on the same?

I know that if we claim this amount as expense that it is sure that we have to sdeduct TDS u/s 194J, but in the above case we are capitalising the expense so i am confused.

please reply.........

Is Cash is regarded as 'Capital Asset' as per Section 2(14) of the Income Tax Act.....
If Yes then what are the taxing affacts under the income tax act and other Provisions of various acts.......




In My Opinion it is regarded as Capital Asset as it is not excluded from the defination of capital asset u/s 2(14).............

Sir can you please explain me the meaning of minimum alternate tax?

hello everyone!

Is it possible to setoff Long term capital Loss on sale of shares - listed, with the LTCG on sale of shares which are trasancted through recgsd stock exchange which are exempt from tax u/s 10(38)

Please tell me that, i am existing pcc student can i give ca final exam before articleship ends means after 3yrs or 6 months prior to complition of 3 yrs and 6 months ?
& when will be result of pcc nov 08 declear?

Hi,
our client is going to open the Ready Mix Concrete (RMC) businee soon. so, i just wanted to know, that will excise applicable for this ?

Dear All,

My Company(Ltd) has paid Service Tax on Foreign Remittance for the year 2007-08 up to Rs. 35 Lakhs. As per the law, we are claming Set on the amount paid against service provider at home.

Again we had incurred foreign services in the current year and our Service Tax liability amount to Rs. 11.50 lakhs. My questions is can we adjust these amount against the excess tax paid earlier or we have to pay these tax and latter claim set off.

Kindl solve my query at the earliet.

Our comapny got a bill from a service provider who has not charged service tax.
are we liable to pay service tax on that?

Sir,

We are an Indian company and have the exclusive license froma foreign company for marketing and distributing TV channels of this foreign company to MOS, and cable operators in India. We also collect subscription charges and revert them to the foreign company. Also, we are authorized to sign agreements on their behalf. Can we say that we are exporting our service to them?

which one is better after becoming a ca,to do mba or cpa?