Can anyone plz give me the list of states in which p tax is applicable

Dear Professionals,

We are in manufaturing industry. We are paying service tax on professional fee of a foregin consultant.

I want to know whether we can utilise service tax paid on GTA as input and pay the balance amount.

As we are comes under state excise, we are not liable for central excise duty.

have formed a private limited company providing management consultancy services and other project finance work. My Previous Year Income is Rs 16 Lacs

My query is whether my company will be covered under Professional Category and will be liable for Tax Aud

As Company being artifical person cannot possess profesional knowledge , than how can it be treated as professional income and limit of Rs 10 Lacs apply ?

I somewhere read - it is not necessary that investments made in specified instruments (to claim deductions under Chapter VIA) should be from income chargeable to tax.

For eg : Suppose for FY08 I have accrued taxable income of 5 lac (not actually recd in cash).

To claim deduction u/s 80C, I deposit Rs 1 lac in Bank FD for five years from the LIC proceeds (which is exempted u/s 10(10D).

Will this deduction be allowed despite the fact that investment is made from exempted income?

If yes, then why Interest on NSC (deemed to be reinvested) is not allowed as deduction u/s 80C, if it is exempted from income u/s 10(15)

Does it make any logical sense to include the exempted income in taxable income and then claim the deduction?

Sir,
Please tell me which is the best coaching in Delhi for PCC.I want to do all subject at a single coaching.
Please suggest me about TOPPERS INSTITUTE in Laxmi Nagar & what about Sanjeev Varshney & Ashish Kalra.

Hi, all

I require the answer very urgently

I a company makes payment from India as branding fees for an sporting event in America. What is the TDS rate applicable and in which section it is applicable?

Thanks & Regards.
Hitesh Khona

Hi,

Please tell me the implication of entry tax in uttar pradesh. It is levied on the goods enter uttar pradesh or even within U.P.

Is it levied after VAT/CST or before?

Do any body has any write-up on this.

When a company finalizes it balance sheet in the yearend on what basis is the general reserve is allocated pls let me know

Whether it is mandatory to register service for all IT companies who do software development services outside india pls let me know

Sir,
Does payment for photography come under the purview of TDS? If yes, under which Sec?
Regards,
priya