Dear sirs

Our client is a works contractor. For completing the works they uses the material purchased from outside as well as those supplied by the contractee.

For availing exemption under notification No.1/2006 ST Dt. 01.03.06 is it necessary to include the value of material supplied by the contractee ( as free of cost ) in the bill raised by the contractor.

Is there any disqualification in availing the exemption under this notification because of the use of material supplied by the contractee.

We are a partnership Firm, We are providing Services of Cable T.V Net work, In purchase / pocurement of services, we pay to M S O (Multi System Operator not a Broad Caster ) we are purchase services from them and sell it to retails customers through wire/cable, In this situation whether we have to deduct tax for Bills of MSO who merealy give us signals through Cable/wire and charging Monthly subscription (say 200 per point) Please let us know whether we need to deduct tax and in which categories?

Whether Vat & CST will be included in Sales Turnover for the purpose of Audit u/s 44 AB (i.e Exemption Limit of 4000000)

My article ship training have started from dt. 20.12.2006. when by Final Attampt Due..

Please Help me

Now service tax has to be paid on Rent.
I want to know whether TDS has to be deducted on rent plus service tax or excluding service tax?

The Company is currently raising capital from Institutional Investors and has incurred, or is likely to incur various expenses such as,
- Payment made to an intermediary as commission
- Expenses incurred towards increasing authorized capital
- Stamp duty for agreements and share certificates
- Consultancy fees paid for carrying out due diligences on behalf of the investors
- Legal fees for drafting documents

We need to know the accounting treatment for the above expenses.

1. Should these expenses be charged off in the current year itself.
2. Are we allowed to carry them over as Differed Revenue Exp and charge off over say, 5 or 10 years?
3. Is the entire spend allowed as deduction in a single financial year, or even for Tax, one is only allowed a partial deduction? We would also like to know whether our treatment in Books of Accounts impact our tax claim?

Suppose the face value of shares is Rs10.
500 shares which were issued to A forfeitted for non payment of final call(Rs.2).Now reissued to B For Rs8 per share and Rs6 paid up. I want to ask about the amount that will be entered in bank a/c in reissue entry, will that amount is 500x8 or 500x6.

For getting deduction of Medical Reimbursement up to Rs.15000/- whether bills are required to be presented?

My building owner want to claim service tax from June '2007. But he has registered his service tax on Feb 2, 2008. But now he want to add service tax on rent from June '2007 and we have already booked rent and paid cheque without service tax also paid him on monthly basis. Now can we take set off this service tax (June '2007 to Jan '2008).

Can both Husband & Wife claim 80GG if the house Rent paid by them is 4000, both have business income and are staying IN SAME RENTED HOUSE