we are a firm arranged a get together program at taj.they submitted the bil as follows..

food 100
beverages 10
110
service chrge 10% 11
vat on food &beve 7.5% 8.25
service tax 12% 13.20
service tax on SC 12% 1.32
edu cess 3% 0.4356
vat on servicecharge7.5% 0.825

145.0306
is it correct.

Dear friends

as per circular 4/2008 tds on rental income would be deducting after excluding Service tax its means just only rental income so is this circular also applicable on 194j(proffessional fee)?


Thanks
Ca naveen garg

Sir can u please explain what is risk based audit approach?
is it different from normal audit approach?

Can anyone please let me know the difference between TDS and TCS with respect to nature of payments , due date of payments to IT dept. ,rates, returns, issue of certificates like form 16A etc.

Thanks.

According to condition in 80G a charitable/religious organisation has to utilised its 85 percentage of income for charitable purposes in India.

However, it cand be accumulated upto next 5 years if the organisation gives undertaking to utilise the funds.

1. What if the organisation fails to utilise the funds? within 5 years.

2. If the shortfall amount is accumulated as Surplus Account (No separate head for Shortfall) can the organisation debit the surplus account and utilise the available funds during any finfancial years upto 5 years?

3. What if the organisation still has the shortfall in the financial year in question cna it be accumulated for next five years?

Thanks

I completed CA Inter in 1994 and CA Final 2nd group in 1996. Then I came to USA and passed CPA exam. I am planning to clear Final Group I and complete CA on or before Nov 2009. What are the best study materials available now-a-days besides Institute study materials as I have lost touch with Indian classes and friends. I live in California, USA now. How is the exam pattern now? Please help.

Thank you - Ashok

How can an assesse claim the benefit of the HRA if the employee pays rent & get HRA from company but company deduct the excess tax as assesse has failed to give Rent Recept to Employer? How it should be claimed in ITR 1

Company is a service provider
Providing AMCservice in relation to certain technical equipment
Some components are consumed in repair service which is not chargeable seprately.
Is the Company liable to pay vat on component consumption?

Can an employee stay in a rented house and claim HRA deduction despite having his own house in the same locality?

Hi!

The Assessee has made payment of EMI of Vehicle Loan with interest and principal to Reliance Capital Ltd. The interest for the year exceed Rs 5000/- Limit. In such a case whether the assessee is require to Deduct Tax At Source(TDS) from such payment?

If not whether any exemption is given to Rel Capital Ltd.