if bill amount is showing service tax which is separately charged, if same will verified by lesser amount in that case TDS would be deducted on what amount.

My CTC - 22 lacs P.a
Current Homeloan for one flat- 75 lacs (i.e 75k EMI)

Which is the Best tax saving option.

Option1.
Show this as a primary flat and get rebate of 2lacs towards interest and 1 lac on principal


option2.
Invest in another small 1RK,show this as primary flat. The other flat which has 75K as EMI , show it as secondary flat and get the interest as Non taxable

PLs suggest

if A company/individual enter in a contract for Repairing of chemical Plant which requires technical and professional knowledge and contractor also requires to supply the all material which are to be consumed in repairing of this Chemical Plant. As, in this contract, contractor has to supply both Labours(professional service) and Material so it is works contract thus Reverse charge should be applicable ( 50% paid by the SR and 50% paid by the SP). TDS should be Deducted U/s 194J.
EX
contract amount 200000
70% amount is Service (professional)
30% amount is material
TDS should be calculated as follows

=200000+200000*70%*12.36%*50%
=208652
=208652*10%
=20865

Please reply me as soon as possible thanks in advance

sir i have one ques regarding tds on contractor..supoose we have done some sanitary work in our institution and we have to make payment to that contractor for labour charges of Rs.195000 without deduction of tds.
now if the contractor raise 3 bills in the name of 3 individual labourers of amount

labourer 1.
bill no 1.rs. 29000
bill no.2 rs.29000 and
bill no.3 rs.7000 and so on for 2 more persons of same amount to cover the payment of 195000


is the person who is making the payment still laible to deduct the tds.????????

Dear Sir,

Say a company has availed service of goods transporter & pays service tax by claiming 75% abatement as per service tax rules. Here can a private company take input of service tax paid on abated value on GTS?

For E.G.,
Rs. 5000/ charged by GTS
25% of 5,000/- comes to 1,250/-
service tax @ 12.36% comes to Rs. 154.50/-
can a private company avail as input? service tax paid as per above transaction.

Sir,
I have issued my self assessment tax (using my own PAN id) using online tax option from my net banking facility. It was successfully updated in my
F-26AS. Now at the same time I have issued another 3 self assessment tax of my friend using their PAN ID. Again after 7 days their F-26AS also showing updated TAX. Now my question is there any anomaly because they issue their TAX from my account.
keenly waiting for your reply

can i clear my ipcc both grps in 90 days practice

Hi to all,
Please solve this query,
Is input credit can be claimed for the tax paid through Reverse charge mechanism for supply of manpower(75%).
And,Is 25% paid to service Provider is available for credit to the Service receiver.

I never used to file returns. So I have below queries :

1. For AY 2014-15.....I have two incomes
(a) Income from salary (b) Income from Insurance Commission
Please advise - under which head commission income will come, which ITR to be filed, and how deduction can be taken.
2. AY 2012-13 - I did not file ITR. There is refund of Rs. 5000. Can I file now and claim refund
Please advise

if we are not take the benefit of input service tax in last F.Y . on shipping bill can we take the same in current F.Y. if yes than plz what's the producer