Hello Sir

One of my client taken a loan from ICICI bank Rs 500000/- but they received only Rs.488000 and odd figures. As I inquired about the difference with my client, he said
its a loan processing fee....

tell me whether it is right or wrong... If so, how should i pass entry for the same...

Its urgent please reply asap

Thanks in advance!!!

i want to file for income tax returns.im not a salaried person, but self employed.so i keep getting cheques,but all my cheques have a tds cut.so pls help what do i do?

Is i am liable to pay reverse service tax to to govt if i received some professional service from a perseon having permanent establishment situated abroad, & i am paying the fees in foreign currency

Hello Sir,

One of my client taken a loan from ICICI bank Rs 500000/- and they are under an obligation to repay the same on monthly basis.

Can You please explain the legal requirement as per section 269SS and 269T of Income Tax Act 1961?


Thanks in Advance!!!

Can I change Digital Signature Password ?
Please help me.

or

Can I filling Income Tax Return Form (ITR) with Digital Signature. I don't have my DSC password.

if a manufacturing concern is using its own product for extracting another product does vat apply to them

Respected sir,
i am having a query regarding the sale to franchaisee, the details are as follows.
Rs.
1. sale 100000
less: vat @ 4% / 104 4000
Net sales 96000

7% comm on net sale 6720
service tax on comm 831
reimbursement 80000
octroi 2000
total deduction 89551

net recievable 6449
(i.e. net sales -
total deductions)

further clarifing that the above amount we are recieving per month from franchaisee.
with the above information i want to know that
1. is it service tax is chargable on 7% commission & if it is yes than under what service head.
2. is i have to deduct tds on Rs. 80000/- monthly reimbursement.

Respected sir,
i am having a query regarding the sale to franchaisee, the details are as follows.
Rs.
1. sale 100000
less: vat @ 4% / 104 4000
Net sales 96000

7% comm on net sale 6720
service tax on comm 831
reimbursement 80000
octroi 2000
total deduction 89551

net recievable 6449
(i.e. net sales -
total deductions)

further clarifing that the above amount we are recieving per month from franchaisee.
with the above information i want to know that
1. is it service tax is chargable on 7% commission & if it is yes than under what service head.
2. is i have to deduct tds on Rs. 80000/- monthly reimbursement.

WHETHER A UNIT ORIGINALLY FORMED AS EOU IN F.Y.2003-2004 CAN AVAIL DEDUCTION UP TO F.Y.2009-2010 ?

If I have raised bill for electroplating to a customer in which I have not specifically charged VAT but charged service tax & VAT on the net amount, is it correct to deduct tax at soucre?