I run a paying guest facility in a rented premise used for residential purpose,
would like to know if i am liable to pay service tax, if so then at what rate and if there are any exemption available.
i provide accommodation for minimum 3/4 months.

i charge rent on monthly basis of Rs. 6500/-
which is less then 1000/- per day
but my anual turnover is above threshold of Rs.10,00,000/-
please answer

i have business of trading of property. can i file itr 4s or not

Hlo sir can anyone plz explain me that in what way i have to study and what books i have to prefer to clear my ca examinations 😥

Dear Sir,  Whether service Tax would be applicable if a company is providing transportation to students of a private schools in delhi through private school cabs. The transport charge is collected directly by the company and not by the schools. The company is basically the aggregator and provides the service of school transport only to the students and teachers. However separately the company through different cabs and other passenger vehicles provides the service of shared transport or car pooling service. So whether the service tax is applicable to the students and teachers transportation service??? Thanks in Advance

How is the Career as an Internal Auditor in Banking ? After working as an Internal auditor in Banking what are Future prospects ? What functions one has to perform as an Internal Auditor in Banking ? Can one shift from Internal Auditing to Credit area in Banking? I want some good clarity on this area please guide me

Kindly let me know the complete process along with forms required to be filed for condonation of delay in satisfaction of charge. Please also share the format of petition as per the companies Act, 2013.

Sir, I bought a flat from an NRI this Aug 2016. I had deducted TDS, got the FORM 27q also after filing. Now should I file every quarter a nil return , upload?
vijayakumar
charmachem@gmail.com

i have made advance payment for profeasional fee s lets say Rs.10cr , and i have deduct the TDS on the same amount @10% U/s 194J and 9cr transfered to the service provider , after 20 day he reject contract for providing professional service and returned 9cr to me ... so how can i claim TDS of Rs. 1cr which i have deposited in to the govt.account....and now i dont have any TDS liability to Adjust the same .so i need your feed back for the same ..

I am little bit confused in section 80TTA : Deduction in respect of interest on Deposits in savings account.



A person who is govt. employee and believe in savings, where the gross total income, being an individual, includes any income by way of interest on deposits (not being time deposits) in a saving account with a banking , cooperative society and a post office.



So, my query is



Say he had an balance of Rs. 3,00,000 on April 1 in Saving A/c of SBI Bank. He received a salary during current year of Rs. 4,00,000. This resulted in his account balance on March 31 : Rs. 7,00,000.



So, the total interest earned @ 4 % is 28,000.



And As per 80 TTA deduction 10,000 shall be available on interest earned.

Therefore, 18,000 includes in Income of Other Source.




Similarly, Same on next year balance of Rs. 7,00,000 on April 1 again taxed with the next year salary of person.

This show cascading effect of same amount of interest income taxed again and again over years and years.



If Above is true, then person is maintain only 2,50,000 balance in his account forever and the rest is spent on buying waste products.

Respected Members,

I am having a query relating to TDS on payment of Hotel Accommodation and other services like transportation, spa etc. provided by the hotel to the directors of a company for the purpose of business and payment made by the company to the hotel for this.

I have read Department circular for hotel accommodation, where it has been mentioned that TDS u/s 194I will be applicable only when there is a rate contract taken on regular basis but in our case it is a Rate Contact only, because of this point we are out from section 194I (However more clarification required-any case law of supreme court or High Court came after this circular)

Now, apart from accommodation, directors have taken other services as mentioned in invoice such as Room service snacks, Food Expenses, Bar Services, Guest Laundry, Massage, Confeteria, TAB Transportation of guest, Pool Bar.

My question is somehow clear in respect of accommodation but what about other charges those mentioned in Invoice apart from accommodation.

Thanks in Advance.