hi this is chethan, i have one doubt one of my client is running a franchise of animation institute, he has paid a some of 10 lack to take up the franchise, here my question is does TDS arise on franchise fees, what if he is not deducted the tds amount wat is the consiquences...very urgent pls help me

As per the Companies Act, 2013 Form MGT14 is to be filed with MCA on Issue of securities and Form PAS3 is to be filed on Allotment of securities. Please explain the difference between Issue and Allotment of securities and kindly explain when the MGT14 and PAS3 are to be filed in the flow-chart of fresh securities issue and allotment.

Dear Sir/Mam,

i have not taken cenvat credit of service tax paid and i have paid the service tax amount.Can i claim that input credit as my IT return is not yet filed.If yes Please Specify the Rule Or ACT.

Sir as per circluar

If rent paid more than 1 lac and claiming exemption of HRA

sir my question is:
1.Pan number of Rent recipant is given in ITR-2 where it is written

2. 1 lacs limit is for rent paid of HRA given by company

kindly reply us on urgent

Dear Sir,

Whether service provider is liable to pay service tax on 60%of taxable value in case of renting of vehicle.( Provider is not claiming Cenvat credit.

Example

Mr X is a Service provider whose give vehicle to a Company on rent basis for rs 10,000. The company is paying Service tax on 40% of bill amount( i.e on Rs 4,000) to govt under reverse Charge Mechanism. Whether Mr x is Liable to Pay St on Remaining 60% (i.e on 6,000) of bill amount.

while filing the income tax return for the ay 12-13 income showed less by 50000/- and tds shown less by 5000/-. income tax dept processed the return paid refund of rs 6000/-. now the issue is 5000/- is unclaimed how can i claim that rs 5000/- now. please suggest me in this regard.

I have a query that one of my clients parents sold the property & then distributed that money among their childrens whether the distributed amount will be taxable in the hands of my client one of their child. or can it form part of inheritance & not taxable.

Dear sir,
i file one salary employee ITR return in itr2 instead of itr1 because of some this fellow get some 49000/- gift income but we can not claim for exemption in sec56 due to inability of pan no. of giver.so noe what I do . pl give me some advise

hello
plz tell me that if a person renting out the immovable property to education institute registered u/s 12AA is liable to collect Service tax.
as per latest amendmend

Dear Sir/Madam,

Is there any provision that a person will have to get his accounts audited if purchases exceeds Rs. 1 Crore and not turnover.

Please clarify.