Hi,

I am passing my expense entry as follows.

e.g telephone exp

Telephone Exp Dr.
Service Tax Dr.
To MTNL

Now while making FBT calculation if i take whole telephone bill amount it means i am paying FBT even on Service Tax and it will be like double taxation.

Please suggest what is a proper way.
Wheather to take telephone bill excluding serv. tax or including service tax for FBT calculations

Vivek
Thanks

Parent Company issuing rawmaterials, stores and incure other expenses for manufacturing final product by its subsidiary, and the final product is not excisable, final product
come back to parent company and parent company paying processing charges to subsidiary, my question is whether its a business auxiliary service and whether service tax is applicable..... expecting reply soon....... thank u.

A very funny situation has arisen. One of my clients, a mailing agency, has been asked to remit service tax on the postage franked for his clients by franking machines licensed by Post Office. The franking of postage is in lieu of physical stamp being affixed. The Indian post office Act says that it is a "duty" levied for transmission. In the account books of all business concerns, the postage is "liquid assets". The post office 'sells' postage, which means it is goods.
Further the TRU cell of Service Tax has notified that the basic mail services (which includes franking) of post office are exempted from ST. The post office also undertakes franking like mailing agency and charges different rates without any Service Tax.
I feel that the demand of Service Tax authorities that ST must be paid on the postage franked by my client is not valid.
What do the experts say? I am anxious.
S.Krishnamoorthy

What are the qualities the Big 4's seek in the articles applying ?
I am a PCC student attempt due in Nov'08, I am from an army background , educated in Army School , fluency in Language .
What should be done by me be in a Big4 as an article ?

Can u tell me what is difference between material fact and material mis-statement?
This is in connection with clause 5 & 6 of part 1 of second schdule.I donot get when to apply clause 5 & clause 6

i have given my C.A.(pe2) exam and completed my graduation this year.

as i have given already 2 attempts of pe2 and given my 3rd attempt in May 2008 and waiting for the result.

Is number of attempts matter in future??

kindly give me the suggestion and help me the concerned.

thanking you.

What will be the tax treatment for switching over of Mutual Fund ? Is it taxable in the case of Short-term? Which section of the Income-Tax support this case?

Sir,

My question is on what amount the TDS has to been done ,

If a bill has service tax component in it, whether TDS has to done on total bill value or excluding service tax component.

to what type of expense 194 C is applicable?

i means is there specific type of expense to whom 194C is aplicable or 194 C is applicable to any ttype of contract ?

In case of a society not registered u/s 12 A-
1. Will it be assessed as APO, shares of whose members is indeterminate.
2. The return form to be used is ITR 5 or 7
3. Suppose the society has received voluntary contributions worth Rs 2 laks and spent Rs 1.80 lakh for charitable purpose, then whether Rs 20,000 would be chargeable to tax and if yes whether would it be chargeable at MMR.