I am a contractor(service). My contractee is making a deduction of 2.266% on total amount payable to me every month on the amount including service tax. my doubt is whether the amount on which TDS Rate is to be applied is inclusive of service tax or not.

Hi

We are a Company paying rental to individual for building. We are deducting TDS under sec 194I at 15% + Sc + Cess on rental amount.

I want to know whether TDS to be deducted only on rental amount or including service tax & cess. If service tax & cess to be included, pls give notification no. / circular no. for reference.

Regards
Suresh

I have a formulation unit, and planning to get my products jobwork done and packed in my 'branded label' with MRP printed on it.

Pls. let me know what is the Excise Duty the jobworker charges in this case?

some body say '(MRP - 30%) x 16.48%' and others say it is '(MRP - 40%) x 16.48%'.

Kly. Guide me to right direction.

K.S.Senthilkumar

Dear Sir/Madam

I own a residential house. I am presently living with my parents in a rented house for which rent is paid by my father .My query is that whether I can claim rent from my father if they move with me at my owned residence as he is govt Bank employee and what would be its Tax implications on me and my father if any

Please help

Thanks and regards
Anurag Sharma
anurag_sharma777@rediffmail.com

Is there any exemtion from cutoms duty on plant and machneries imported by a Hospital whose 10% of the beds are for charitable purposes??If yes please tell the cirular or notification number etc. OR There is any other exemption for hospitals??

if UP VAT has specified any form of audit report etc. for the VAT audit

can anyone provide me some basic information on industrial training?

Hi Folks
I am a Cost accountant with M.com having sound knowledge in computers, accounting and taxation. I am now teaching for MBAs. I want to get some practical exposures during my free time which will help as a value addition to me and I can use these inputs to make my students ready to meet industry demand. Please let me know whether I can work with any CAs or CWAs on their projects.
Thanks and regards
Latha Ramesh.

Sir,
Whether OMS purchase of capital asset is to be considered for calculating the limit of turnover of purchase for VAT audit. The Sale turnover is less than 40 lakhs. However the turnover of purchase is more than Rs 40 lakhs due to purchase of OMS capital asset (excavator). Please give your valuable opinion.

Kind Regards
Uday Bathia

I need suggestions regarding drafting of salary structure to minimise tax liability i.e. an employee-friendly salary structure. Gross salary varies from 8-20 lacs per annum.

Please give your suggestions.