suppose a trading company, as a part of its sale doing some installation services also, for which the company is liable to pay service tax. The company has made some imports from outside India, and has paid huge amount of CVD.
Since the company is a trading company and not doing any manufacturing activities, can it avail the credit of CVD?. Can CVD be set off agaist Service Tax Payable..?

when i was reading the head 'income under the house property' i could not understand that how will i determine the gross annual value when rent control act applicable.

plese help me and give any short cut to understand the gross annual value

sir please tell me is there any way to pay TDS with out TAN number .the TDS amount is through out year and today is last day

hi friends and my seniors.i like the feedback answers recd by seniors and my feellows.
Now i want to know completely about mutual fund plz help me out and make me understand completely abt that term i have 5% knowledge of that term.

Is Service tax applicable on marine cargo insurance when goods are moving abroad?

My contention:
This transaction does not come under the purview of Export Service since the customer is residing in India. Hence,ST is leviable.

Plz do let me ASAP because my client is not collecting ST on this type of transaction assuming it as an Export Service.

what is SLR? what is CRR?

Greeting Members,
Please tell me what is an echeque.

hi everybody, i have heard that institute is issueing a new circular restraining transfer during articleship ..i have interacted with various people on the subject but nobody has exact wordings of the circular if anybody has the exact information ..please share

thanks in advance

Dear friends,
This is CA. sachin gupta recently qualified in Nov,2007 attemept.I want to know that Is there any fund/organisation available whether from Our CA Institute or any other bodies for the help of family member of CAs when they are in need in terms of money due to accident.

Warm Regards,
CA.Sachin Gupta
ca.sachin_gupta@yahoo.com

An assessee, an employee in a private concern, purchased in May, 07 a house property in his wife's name (for personal reasons, say future security). Property is let out. The wife is unemployed and has no source of income and is dependent on husband. Document of purchase is in the name of wife only. Loan is availed for the purchase and the loan a/c is in the names of both husband and wife, with wife's name as first obligant. Repayment of loan (monthly EMI) is made by husband only, with wife having no source of income.The assessee has not filed return so far and is filing return for the first time in FY 2007-08 (ie, A.Y 2008-09).

For deducting TDS u/s 192 for F.Y 2007-08, the employer is not considering housing loan repayment u/s 80C for the reason that property (document) is not standing in his name. Similarly, for the same reason, the employer is not considering housing loan interest u/s 24, though the assessee volunteered his rental income to be considered for TDS u/s 192 alongwith salary (the net income from property after interest is a loss).

Is employer's action justified? Please quote decisions / circulars / material, if any, to support assessee's claim.

The assessee cited "CIT v. AJIT KUMAR ROY [2001] 252 ITR 468 DATED 28.06.2001", which the employer ignored holding that the issue there is not TDS u/s 192. The wordings in CBDT Circular No. 8 of 2007 dt. 05.12.2007, cited to employer, are also such that it does not prohibit such a claim. The employer says that circular does not openly provide consideration of such a claim.

Though the assessee can get back the excess tax paid thro' tds as refund by filing return, he wants to avoid tds, since it has heavy impact on his take home pay now.

Please clarify.