DEAR SIR, WE ARE A CIVIL CONTRACTOR FIRM . WE HAVE BEEN AWARDED A PROJECT FOR REHABILITATION AND IMPROVEMENT WORK OF A CANAL IN UTTAR PRADESH. THIS PROJECT IS FUNDED AND AIDED BY WORLD BANK.WE WANT TO KNOW WHETHER SERVICE TAX WILL BE LEVY ON THE CONTRACT AND SUB CONTRACTOR. IF SERVICE TAX IS EXEMPT WE REQUIRED ANY CERTIFICATE FROM SERVICE TAX DEPARTMEN .

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Whether to choose a mediocre firm or go for specialisation in a big firm. And reason thereof.

Respected Experts,
The issue is my friend problem. The firm is an automobile sales & services. Supply/service were received from two parties amounting to Rs.8,14,650/-. The payments were made to them through cheque. Those two parties were private persons and not registered under Sales/Service Tax authorities. The Assessing Officer has invoked section 68 of Income Tax Act and decided those credits as unexplained and levied tax and order was passed u/s 143(3) of IT Act, 1961. Appeal filed before the Commissioner of IT (Appeal)was also dismissed under section 250(6). The firm was also stand closed in 2013 itself. Is there any legal remedy as the firm stand closed in 2013 itself and the Assessment Year was 2010-11. Whether there is any provision for waiver of the Assessment as the firm is non exist. Whether filing petition before the Lok Adalat for waiver/reduction of tax is permissible/fruitful in the present situation. Please clarify. Thanks in advance to all the respectful Experts.

we are constructing new building for business expansion

we need to deduct TDS & WCT or don't deduct.

1. Bills for Pre-Engg. material received with VAT
2. Bills for Pre-Engg. Material received with VAT and Service tax
3. Electrical engg. related supplier bills with VAT
4. Electrical engg. related supplier bills with VAT and service tax
5. Civil construction bills
6. Mechanical engg. material with VAT
7. Mechanical Engg. material with VAT & Service tax

Dear Sir,
We need to remit bank charges towards extension of Bank Guarantee issued by Doha Bank to our client. We need to pay to our bank in India who has taken this bank guarantee from Doha Bank on our behalf. we need to remit bank charges to Doha bank. do we need to deduct tax? if yes then please give details of tax amount etc.
thanks,
Nilesh

Dear Experts, In case of payment made out of india for commision to individual is it liable for Tax under section 195?? payment is exceeding 500000 during the year. if liable to tax then at which rate ,tds to be deducted? Is 15 ca-cb required to be filed?

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Can i able to show this entry as Giving Gift to both of them in F.Y. 2016-17? Although the cheque transection was made in F.Y. 2015-16

Regards

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