Hi Experts....

Whether RECEIVER of the service is liable to pay service tax on the service received from outside india?

We have receved service of erection of machine from the party of the korea, so whether we are liablve to pay service tax on that.

Please advise on above....

Thanks
Rohit

Tax Audit is conducted on the basis of gross turnover, in this matter the Gross Turnover includes tax(i.e., sales tax/service tax.,) or excludes tax. that means it incluses tax or not. Plz tell me

A company has Loss calcualted as per normal porvisions but Tax as per section 115JB.Does the provisions of Sec.234B&C apply in such a case.



Thank you

Hi

please any body tell me how to calculate deffered tax & persantage

Could anyone help me out & let me know how to pass the entries in the books of accounts for deffered tas assets & liabilities.

hi,
i had joined a ca firm at 22 feb 2006. i have been taken transfer from said firm at 22 june 2008 with total leave 156.

as per institute latter,my total EXCESS LEAVE till 22 june 2008 is 41.

therafter i have joined a company at 1 july 2008 as industrial training.

please suggest me that when my training get complete. am i eligible for industrial training as minimum number of period for IT is 9 months?

A Pvt. Ltd. Co. has a Deffered Tax Assets of Rs. 61000.
The cuurent Tax Liability computation is as under :

Profit as per Book 3000/-
Depreciation as per Co. Law + 116000/-
Total 119000/-
Less : Dep. as per Income Tax - 86000/-
Income 33000/-

Tax Payable 10120/-

Can we save the current Tax Liability of Rs. 10120/- by creating Deffered Tax Liability and set off it from deffered tax assets of Rs.61000/- and deposit the MAT.

Please Advice.

Kindly tell that if a person who has been abroad on deputation for 3 years. And now after returning to India He wants to purchase a new House in Metro City...
How to Purchase the house to get maximum tax benefits and Wealth Tax Benefits????

A Pvt.Ltd.company took a secured loan from a public sector bank. Charge is not registered with the concerned ROC. The company is unable to payoff the loan. Can the bank take recovery proceedings /action against the Directors of the company under the companies act,1956.

I have a doubt in taxation.

If an employer pays tax of the employee it is considered as a perquisite and is taxable on it.

Hence tax must be paid on the tax which the employer pays. But this will become a never ending situation as whenever u pay tax of the employee u will go on paying tax on tax.

Is there any equation to find out such amount which has to paid.

Kindly answer me