meaning of depreciation of direct investment in ordinary course of business in sec. 6 (2) of fema

NOTIFICATION NO. 14/2004 S.T. DATED 10/09/2004 IS STILL APPLICABLE OR NOT, OR THERE IS ANY OVERWRITE NOTIFICATION IS ISSUED IN THIS REGARD.

Dear Sir,

We are a Proprietorship firm having service tax liability of F. Y. 15 16 and F. Y. 16 17 upto june.

We have not paid the liability as well as return for said period.

Now can we paid the liability of April to June 16 on priority before paying the liability for F. Y. 15 16 as one of client hold our service tax amount and asking us to show the Service Tax payment Challan for F. Y. 16 17.

Please reply.

Is catering business taxable under service tax ? If yes what is the abatement ? On what basis exemption limit is calculated..... If Total value of service is Rs.17,00,000 then the value of taxble service is (17,00,000-10,00,000) = Rs. 7,00,000 or Rs. 17,00,000 - (17,00,000*Abatement Rate) ? Please guide me.

For what period will the interest on service tax be calculated if the assessee has made the late payment of service tax but didn't pay the interest amount along with it?

Dear Experts, can anyone of you please let me know whether TCS 1% on cash payments exceeding Rs. 2 lacs is transaction wise or per annum? my 2nd query is it suggestable to raise 2 seperate invoices to avoid the above levy? pls respond. it's urgent. pls share if any circular/notification available. .. Thank you...

hello, my friend is working in MNC, he switched his job during the last 6 months of financial year 2014-15..so the later company has paid salary of Rs.4 lacs for last 6 month approx and has not deducted tds ...and he also did not his income tax return of PY 2014-15... if he file return now...and any penalty will be arise...??? and also interest of which period should be charge..?? please suggest....

To,
Dear Sir,

My query is in past i had filed income tax return i.e.2010-11,2011-12 after that due my financial condition/bad time i had fail to file the return at represent i my in position file return.Can i file the return from 2012-13.pls expert guide my from which should i fill the return.

If karta of a Huf dies then how is the new karta appointed i.e how the eldest male member of the HUF is made karta

Dear Experts

I have been facing a challenge while deciding tax rates of covers, cases of phones in Delhi and Haryana which are having the following clauses in schedule in VAT acts:

Costing of cover Rs. 800 and Retail price is Rs. 1600
Costing of phone for which it will be used - 20,000 and Retail Price - Rs. 25,000

Delhi - Computers, telephone and parts thereof, teleprinter and wireless equipment and parts thereof, Mobile phone and all mobile accessories costing upto rupees ten thousand. - 5% otherwise 12.5%

Haryana - Cell Phones (including their parts and accessories) exceeding retail price of 10,000 - 8% Otherwise 5%.

Please advice me how to decide the rate and the interpretation of the law.

Thanks in Advance!

Regards, Nitin