Can a bank charge service tax on late payment fees of credt card...??

pls rply soon.....

Can a bank charge service tax on late payment fees of credt card...??

pls rply soon.....

Whether sheer volume of transactions in shares & securities(delivery based) is the determining factor for treating the income under Capital Gains or Income from Business ?

one of my client had made a joint venture contract with a foreign party and sent Rs.4 crore but at last contract got cancelled and my client claimed compensation in addition to the contract.foreign party remitted Rs.5 crore (including contract price).can any one answar wheather Rs.1 crore is treated as revenue receipts or capital receipts.give some appropriate case law.

how to get new concept about accounts?

MR. A was running ice cream parlour. He sold the business to Mr. X in September 2007. He colleted Rs.85,000/- of Maharashtra VAT on total sale price of business and issued a tax invoice to that effect.

Mr. X was not registered under MVAT as on the date of sale. He took registration in the month of february only after he completed sale of Rs.5 Lacs.

In the above case can Rs.85,000/- vat paid on purchase of business can be claimed as set off. In my opinion since the dealer was not registered at that time he can not claim the set off.

Pls. guide me on above issue.

Dear all,

Some of the employees of our company are working in Nigeria on one assignment. They are getting an additional pay for this. Do I have to deduct TDS on the additional pay that we are paying for working abroad?

Dear experts,

Please let me know hiring of Generator, goods vehicles using for works contract it will attract vat or service tax.

Since, service tax is applicble on Leasing and hire purchase of goods.

In the same manner, deduction is allowed for hiring of machinery used for carrying out works contract.

Either we can take tax shelter under both service tax as well as vat.

Please give reply for the same urgently

I have a doubt whether the transfer of land used for agricultural land attracts capital gain? (urban/rural land)

our company sent some pilots to outside india for taking pilots training. and now company is paying the bills for pilots training fee to NRI company at outside india in foreign exchange.

so is there TDS liability or not?
can pilots training fee can be considered as fee for technical service as per section 9 vii of income tax act

what about DTAA?