I like to create a Management Consultant Pvt Ltd. for this give some guidance as a ca which type of object clause on MOA is preferable

Dear all,

whether a service receiver can claim CENVAT credit incase where the invoice doesnot contain service tax no. but service tax has been charged ?
It is mentioned on the invoice that ST no. has been applied for.

Hi Sir,
I joined the company on 14 June, 2011.I saty in Noida and my basic salary is 10,150, HRA is 5075. Can you please tell me how should i calculate my taxable income for FY 2011-2012.
i also have a medicalim policy and insurance policy from the company's side, will it come work as a tax saving option.

Waiting for the answer.
Thanks in advance

Dear Sir

Can anybody please help me to finalise the above. I am pasting the Main Object Clause of the Business as per MOA

THE MAIN OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION ARE:

1. To carry on the business of developing, producing, inventing, distributing, publishing,
exhibiting, selling and assigning various games including video games, 2D/3D games, flash
games, animations games and all other games compatible to play with various game consoles,
wireless devices, audio and video electronic devices such as cellular phones, computer,
peripherals games, play stations, video games and other gaming platform.
2. To carry on software development, product development and software services, testing,
animation, programming, modeling, designing, quality check, quality control for various
gaming and gaming software and organizing, undertaking, sponsoring, setting up, promoting,
conducting gaming events, setting up virtual and physical gaming centers, gaming
competitions, gaming events on any gaming platform.

hi anybody guide me what to do after clearing ca final.

Dear Sir,
We seek your opinion on the matter on deprection under Income Tax Law and issue related to capital gain.
The company purchased assets under deferral payment basis (installment system) and capitalised assets for2.50 crores cosisting furniture and interiors work. After some time the assets was taken back by the hire seller. Under block of assets of Furniture there were some other items. Now the furniture which were purchased under hire purchase has been transferred back at50 Lacs.
WDV of the block of assets of furniture as on 01/04/2010:-1.82 Crores
A) Furniture:- 2.00 Lacs
B) Furniture purchased under Hire Purchase:- 1.80 Crores
Addition made under furniture during the year :- NIL
Sale consideration for transfered of funiture back :- 50Lacs
How to taken care for provision of depreciation under income tax act and income under the head capital gain.

Whether service tax applicale to Road contractor regarding avail service from Goods Transport Agency?

My client is providing service to Goverenmet as Road Contracor(partneship Firm ) (Which are exempt from Service Txa), now my quiry is that, if Road contract avail service from individual ( Goods Transpot Agency), then apply service tax if my client paid for that and consignor also Individual.

One of our client is providing service of design, implementation and support of integrated security solutions i.e his major products & services are access control & intrusion alarm devices,gate automation system (i. swing gates,turnstiles,fencing),Physical security systems i.e(Barriers,Road Brokers & Bollards),Fire Alarm,Metal Detector & X ray scanner.

Can any one tell me under which above service is taxable?
Provide link,if possible.
Thanks & Regards,
CA.Hitesh Rathod

I am a practicing CA; If my clients gives cheque to me including his tax and my fees, shall i collect ST on the tax also claiming it as reimbursement?
Another example, i am paying the taxes first from my account and later he is giving consolidated cheque to me. In this case, shall i collect ST on taxes also?

As per Section 201, if the person fails to deduct tax at source, he shall be liable to pay simple interest
a)at 1% or every month or part of the month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted
b)at 1.5% for every month or part of the month on the amount of such tax from the date on which such tax was deduced to the date on which such tax is actually paid.
Further, As per Section 271C, if person fails to deduct TDS he shall be liable to pay by way of penalty a sum equal to amount of TDS.
My question is whether both the provision can be applied together and if yes, total amount can exceed the amount of total tds dedutable and payable to the account of central govt.