whether service tax credit available on payment of service tax on exempt services.?

please refer some references in support of this issue.

Regards,

Munna.

Section 10(37) exempts capital gain arising on transfer/acquisition of Urban agricultural land situated in any area referred to in section 2(14(iii)(a) or 2(14)(iii)(b).
And as per section 2(14(iii)(a) or 2(14)(iii)(b:
1. Agricultural land in India, not being land situate—
(a)in any area which is comprised within the jurisdiction of a municipality which has a population of not less than 10000; or
(b) in any area within such distance, not being more than 8 KM, from the local limits of any municipality

Sir I want to clarify that if the agriculture property is situated either within the limit of 8km or in any area which has population of more than 10000. Then on acquiration of such Land by property, compensation received will attract Capital Gain or not.

Pls clarify

When reverse charge will be applicable to trust, college,society,school as per new notification in service tax effective from 01.07.2012?

Vide bill no. XXX of 2012 an amendment to section 2 of the payment of bonus act was proposed which has removed the ceiling of Rs. 10,000 for payment of Bonus. This amendment was to come into force on such date as the Central Govt may, by notification in the official gazzet appoint.

Is this notification issued? If yes then what is the date?

Plz clarify whether CS is under MD of under Board of Directors i.e. in organisational chart where he is to be shown?

Dear Sir,

Please suggest what is the process of service tax calculation on Maharashtra State Electricity Board light bill distribution by private contractor and which service tax category is to be consider?

please clarify.

Hi,

An unlisted public Company is mainly engaged in seed, agriculture and nursery business. It also produces fertilizers which contributes to the total turnover of the Company to the extent of 22 lac only. But the aggregate value of the net worth of the Company exceeds 5 Crores and total turnover of the Company including other SEGMENTS (agriculture, seed and nursery business) exceeds 20 Crores.

As per my understanding of Rule 3 of the Cost Accounting Records (Fertilizer Industry) Rules, 2011; the said rule is applicable to Company. Am I right?

If yes, then whether the company should maintain cost records for other segments also apart from fertilizers? Is there any provision under which the Company can get an exemption from cost compliance? Please help before it becomes urgent from important.

Thanks.

A building Contractor Whose purchase of Material is above Rs.80,00,000/- and there are no sales during this year. WIP is above 1 corer. Tax Audit Applicable to this proprietor firm

I took transfer from my old firm on 27th of November 2012 and i have sent my form 109 on 29th. I got registered in another firm on 1st of deccember 2012 and have sent form 103 for my reregistration. but till now( April 2013) i havent received any reply from ICAI. When i call them they donot pick up the phone and do not respond to my emails. Week ago i called and They told me that they havent received my both form 103 and 109 till now and hung the phone. Now they are not receiving my call. What shall i do?

Whether TDS should be deducted on annual custodial fees paid toNSDL, CSDL and BSE of Rs. 40,000/- each. Please give reference if any and section.