I wish to invest in LIC Fortune Plus Unit Linked Endowment Plan. Can I claim the premium paid as deduction u/s 80C.

Is there any restriction from tax point of view on I opting out of the scheme any time after three years

can A company also pay Service tax on line.Is it compulsory?Can company also file the Service tax return online?

Sir,

We have paid service tax on input services & claim cenvat credit against renting of immovable property.

But Service tax dept. has taken objection and told us to pay service tax in cash.

So we have paid service tax of the amount of cenvat credit through cheque.

Now my question is that

The cenvat credit which we have earlier claim in the month of July, Aug, Sept, Oct, Nov, Dec, Jan, Feb, Mar can adjust against the payment of excise duty on manufacturing of excisable goods , on 1st april 2008.

Service tax provider shouldnot collect and pay service tax if his gross billing is less than 8 Lacs for the year.Now Till February our billing is less than 8 Lacs and in march Bill from a special client was rs. 2 Lacs. Now we have to pay tax on different or whole billing?
Please guide...

What is repo rate, reverse repo rate and bank rate? How these are linked with each other?

What is the Rule of "Vat Exempted Vide Schedule A, Serial No. 45 "

Suppose A purchase material from X party of Rs, 20,000 Vat Rate Nil under above rule .

Than

If Mr. A is sale the above material @ Rs. 22000 than what amount Mr. A will charge VAT in his Sales Invoice . or wheather he is also charge Nil Vate Rate .

would any one explain the concept of deffered tax and accounting treatment of it with help of some short examples

suppose employee joined on 1 dec.his LTA for financial yr 2007-08 is Rs. 40000.Employee gave the bills of Rs. 19634 for March.hia share of LTA with present employer being Rs. 13444 was given to him and the same was considered exempt from tax.Now. for financial year 2008-09, again his LTA is Rs. 40000.What is the tax liability if the employee has not claimed any exemption in block 2006-09 except in march 08 as given above?

What is the applicabilty of AS 22 and AS 27 on Mutual Fund and Venture Capital Fund?

In the case of central works contract is taxable in the State where agreement is executed/contract is executed. In which section of the Central Sales Tax it is cleary mentioned that Works contract is taxble in the state where agreement is exectured?