suppose we are running two firms.we make payment of rent of A'firm through bank account of b firm.do we need to deduct tds in A's books??

I am working in Electricity distribution company I want to know that, we have engage some Credit cooperative society Ltd. for collection of electricity bill, these cooperative societies are register under service tax act, let me know whether we are liable to pay service tax under reverse service tax mechanism.

i have paid a tution fee of Rs 1.05 lacs for my daughter this year and got a single receipt as amount was paid in full at one go.
me and my wife are both incometax assesse and both have other avenues like Pf ,insurance etc for claiming rebate under secion 80 C. and neither of us can use the fiull amount of tution fee paid as rebate
hence i want to know whether can both of us claim part amount of tution fee paid for claiming rebate under section 80 C.

Sir now whatsapp is charging rs 55 per year as a charge . Now the service provider ( whatsapp ) is located in a non taxable territory and we the service recievers are in a taxable territory . Consequently, the reverse charge mechanism is applicable here . My question is , in reality who bears the burden of paying the service tax liability to the govt ? Or are these social networking sites like facebook and whatsapp are exempted from service tax ?

Hi,


I want to understand whether its compulsary to be registered under service tax for works contractar if the service provided is below the limit decided....
If not then how the invoices are to be prepared for works contract.. (i.e both Labour & supply are done)

SIR.

I HAVE FILED INTIMATION REQUEST OF PAST ITRs.... BUT ONLY ONE INTIMATION IS BEING SENT BY THEM....ALSO RECTIFATION STATUS IS SUBMITTED STILL NO ACTION IS BEING TOOK PLACE......FOR OTHER ITRS NOT EVEN INTIMATION BEEN SENT.

WHAT TO DO NOW?

hello experts, one of my friend not filed income tax return for the assessment year 2014-15. But he has TDS 13000 for that year. he want to file return now. can he file return now? can he file return u/s 142(1)? can he get TDS refund? or give me a suggestion.

While preparing Balance Sheet as on 31.03.15 the position of one asset was as follows :

Depreciation @ 6.33% on S L M was provided on following fixed asset
Original Cost Rs.2,17,532/-
W D V as on 31.03.14 Rs. 97,790/-
Salvage Value Rs. 10,877/-
Life of Asset 8 years
Life used till 31.03.14 8.70 years

My question is what should be W D V for above asset as on 31.03.15 and what amt should be adjusted with retained earnings ?

AN ASSESSEE HAD NOT SEND ITR V FOR LAST 5 YEAR TO CPC. AS A RESULT HE HAS NOT GOT TAX REFUNDS. NOW JUST WE SEND THEM ALL AND GOT RECEIPT CONFIRMATION AT CPC BANGLORE,

NOW WILL THE ASSESSEE ASSESSED AND WILL GET TAX REFUNDS ?

dear sir
what is the difference B/n cash discount and Rebate.
Are they same?