Sir,

Can a Transporter being GTA collect service tax from the consignor(who pays freight) in a proper channel and issue a letter of declaration to the consignor that he is collecting the service tax along with the freight and pay it to the government on its behalf.

Further in scrutiny of consignor can a declaration form a relevant evidence/ proof of service tax payment on the freight paid during an assessment year.

Is the above procedure specified in the law please provide me with the details.

Regards
Ahsan K.Mansoori

Dear sir

(i)Why the PF for workers is calculated on BASIC+DA Whereas it is calculated on BASIC for staffs?

(ii)Is PF applicable for foreigners?

(iii)Can anybody send me the slab rate for the calculation for PROFESSIONAL TAX AND FOR WHOM IT IS APPLICABLE?

(IV)For the sale of fixed asset ,which doc did the client need to produce for auditors clarification.

Dear All,

I have the following querry:

A company has created a parri passu charge on its assets by way of Security Trustee Agreement between Company, Trustee and Secured lenders. There is a limit defined in the STA agreement upto which a Company can create a charge. It is the first charge on Company 's receivables that is registered with ROC as per the provisions of Sec 125 of the Companies Act 1956.

Now if the Company wants to create a second charge on its receivables in favour of the lenders and it will be registered with Security Trustee by way of an Accession Agreement, whether this charge has to be registered with ROC again and if not what are the implications for the same?

Rgds,
Rajan Kapoor

one of my known is planning to open a hotel. so pls guide me what are the tax implications for opening the hotel. what kind of taxes are being levied on hotel. we r at the moment planning to provide only accomodation services, no food services. the firm will be proprietorship firm and expected level of services will be below 8 lacs. it will be opened in the state of punjab.

Hello..I am registered in the Eastern region. I ws told that the companies of the region, seeking a trainee would dispaly a notice on the Notice Board of the region's ICAI office.

Query 1 :How can I know about the vacancies in companies of other regions?? I dont think such information is posted on their website too.The ICAI website just gives a list of the companies of each region. But says nothing about the vacancies.
Is there any other way out ?? Should I blindly send my CV to all companies ??

Query 2 : I can get the addresses of the registered offices of the companies. But how do I apply to the branch offices of the same company??

Kindly help and guide me through....

Thank you.

Mr X was in employment of company from april 07 to july 07.

For current year 2007-08 the int payable
forloan on self occupied property of Rs 1.25 lacs.

Should the examption for interest be pro-rated for four months (april-july07)i.e the period during Which he was employed with company or the entire amt payable as interest during Fy 2007-08 be allowed as examption.

Please tell me about Capitalisation, Transfer to respected Account & Also Send me the simple method for Calculation of Deprication & Tips for Finalisation of Balancesheet

Thanking you,
Regards
Paresh Vaidya

Please let me know the tax treatment in the following case of full & final settlement payment to an employee.

Gross Payment(including Leave Encashment for 45 days):Rs.100/-
Notice Pay Deduction for 45 days:Rs.20/-
Net Payment before Tax:Rs.80/-

Can the leave encashment inflow and notice pay deduction outflow be set off,both being internal company policy related matters,and therefore tax be computed on Rs.100-Rs.20=Rs.80.

is it right that the due date of filing of ITR is extended till feb-08....
is it possible assesee to fill there ITR without Any interest..234(b,c)


Regards,
Rajan Kapoor
e-mail rajankapoor83@yahoo.com

Our company in pay slip the following allowance given, in that which is taxable or not, how much is allowable exmption ? please sir,

Individual tax computaion:

1.Uniform Allowance
2.Vehicle maintenance reiumbursement
3.Children education allowance
4.Books & Periodicals
5.Medical reiumbursemet
6.petrol allowance
7.reiumbursement of club& food

please sir, what is taxable allowance and how much taxable ?