I would like to know : what is the rate of ST payable now, (present rate is 12%), in case, value of service is received now... which pertains to older period...when ST rate was lower...8 % or 10 %.

ST officer says if you are paying ST now for new or old periods.... you have to pay rate of tax presently applicable.

But I think it is not justified : Supposing I receive commission now of 5 years back.... when ST was not applicable... then obviously I will not pay ST on that. Similarly, if I had charged 8 % or 10 % ST to a company 2-3 years back, and they pay the amount to me now with the lower amount of ST, then how can I pay higher new rate of ST to Govt ??

Please also give govt. circulars / notices if any regarding the above.

Hello Friendz,

Can anybody update me with Rule 13 of the Shop & Establishment Rules, 1964.

Rgds/
Vineet

sir, please explain me with examples the concept of sec 16 of bonus act, india... how this act is applied in practical cases.

can u please tell me that can we adjust shortterm loss against long term profits
or can u tell the procedure of adjusting loss & profit in case of shortterm,
longterm & intraday

Dear All Experts,

As per Budget 08-09. Suppose, My Salary income is Rs.150000/- & my Short Term Investment (short term capital gains)is Rs.100000/- what is tax calculation for both Salary & Short Term Capital gain income? Give detail information.
Awaiting your valuable guidance.

Please clarify as to when does the service tax liability on advance received from the clients rise? in case, the advance was received in F/y 2006-07 and the bill is raised in the end of F/y 2007-08.i.e, Mar-08. When do we need to pay service tax.

In the similar situation, if the advance is only partially adjusted against the billl raised in Mar-08. What is the service tax liability.

Request you to enlighten me with circular/notifications from the department

Thanks and regards

K.Ganesh

Dear All Experts,

As per Budget 08-09. Suppose, My only income source is Short Term Investment (short term capital gains). In the whole year my income (short term capital gains) is within threshold limit or Rs.140000/-, then, will I liable to pay 15% tax on my gain or income?
Awaiting your valuable guidance.

One of our clients gets broadband service from MTNL, Airtel and another pvt company. Do we have to deduct Tax on the amount paid to these companies.If, yes under what section?194C or 194J?They are also paying an amount to a IT Company for their oragnisation,s web hoistiing?The server is in USA.Do we need deduct tax on these payments?
Is there any specific circular,notification from the department? Plese clarify?

Thanks in advance.

K.Ganesh

Please to tell me is interest on Fixed deposits (Period 1 year) are eligible for deduction under section 80C?

Is it possible to shade cells in Excel sheet for view only - which is non-printable. ie, if the sheet is prited, there is no shade in print-outs? If yes, how to do so?