RItu
25 March 2008 at 17:27

Modification of charges

sir would like to know in case of consortium arrangement of working capital limits, do banks exchange pari passu letters every year of renewal,as customary or only if there is a change in the security or increase in limits other than change in interest rates, these letters are exchanged between banks

kindly let me know


Ravi Jagetiya(CA Final)
25 March 2008 at 17:18

service tax on advance payment

Sir please clear the following issues in respect to the given problem.
1- Amount on which service tax shall be charged & when.
2- If balance payment is not received, will it affect the tax liability.

Facts:
I am goods transporter i have received 10000.00 advance on 1.1.8 for services , which i had provided to customer on 04.03.08 , total amount of my services will be 60000.00 , and presently i am feeling that he will not pay me 50000.00.


thax in advance


Anshuman Bardhan
25 March 2008 at 16:50

Return of Income u/s 139(4A)

1. This section states that return of income need not file if the total income is less than the maximum amount not chargeable to tax. So is there no liability to file return if total income is below 1,10,000/- for FY 2007-08.
2. Is this section applicable to societies also.


Ravi Jagetiya(CA Final)
25 March 2008 at 16:48

Out of pocket expenses

Sir "out of pocket expenses" is chargeable to FBT if not included in audit fees of chartered.
What's the exact status of chargeability of out of pocket expenses in respect of service tax as well as FBT.
Recommend the favourable action which should be followed to provide saving to our client.

ur response will definately give me edge.

Thanx in advances.


Sushant Panigrahi
25 March 2008 at 16:47

Service Tax Credit

Does Processing Fees Charged by NSDL, CSDL, BSE, NSE or other govt bodies or local authority include service tax amount in their invoice.
(if in the invoice, service tax is neither seperatly charged nor mentioned ,can we take the input credit on the assumption bases that this government bodies generally charges service tax)


n. bhaskar sarma
25 March 2008 at 16:43

How to calculate the Service Tax

Resepted Sir,

I am working in Private Co. I want to Know how to Caculate Basic Rate & Service Tax

Qty. 296707.76*.37 = 109781.87
2% on Amount = 2195.64
Total = 111978.00

I want to know the what will be bill amount Rate & What will be Service Tax Rate. This total inculded service Tax.

Please help me.

Thanks


Vrushank
25 March 2008 at 15:53

NRI Taxation - Technical Service Fees

One of our clients is in to the business of producing animation films for which it enters into contracts with non resident US Individuals in various capacities as writer, director, distributor etc. Whether the payments to such individuals be considered as Technical Service Fees for TDS. If yes, then what rate should be charged considering DTAA & IT Act. If no, then what procedure should be followed. Is there any provision for no deduction or lower deduction of tax. if yes, then wats the provision & the procedure. An early reply is sought.


G.N.V.D.Kiran
25 March 2008 at 15:38

TDS on Salaries

What is the due dates for remitting the amount deduct towards TDS on Salaries

If the Salary is credited on 30-04-2007
if the Salary is credited on 01-05-2007 of April Month Salary
if the salary is credited / paid on 31-03-2008


ananya
25 March 2008 at 14:56

articleship termination problem

What if the principal refuses to execute form 109? please tell me the procedure to make complaint to the ICAI.



thanks in advance.


Vikas Garg
25 March 2008 at 14:53

Part time COP

Whther we can apply for part time COP or not?
If yes what is the procedure for that?






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