We are a C.H.A. (Custom House Agent). For export consignments of our client, we are receiving 2% brokerage on shipping freight amt. from shipping line.

Is this brokerage taxable ?? If yes, under which category ?? Pls note 1) Not all shipping co giving this brokerage 2) Out of freight on which amt, brokerage @ 2% will be paid is not decided, 3) When we will receive brokerage thats also not decided, it may be after 2-3 months, 6 months. 4) Shipping co are foreign co and brokerage charged by us and granted by co. is in US$ but recd in INR by converting at respective Ex Rate

I found on Marwah & Associates website servicetax.com that this amt is not taxable (the amt recd by CHA from shipping line for canvassing of Import/Export Cargo would not be chargeble to service tax as these activitiy do not fall within an ambit of taxable services provided by C.H.A.

but department says that this is taxable.

SO, PLEASE HELP.

we are importing raw material against advance licence and we do export to clear the the export obligation against advance licence.suppose advance license obligation is not fully met

please even tell me,in case of DEPB

How shuold i value inventories at end of balance sheet date

Dear All,

Can u guide me that how much cenvat i can calim on service tax paid on freight bills. Is there any condition like that i can only claim the cenvat only on freight paid of stocktransfer bill not on sale bill by branch if my service tax is centralized. And one more thing is that there is any limit of taking cenvat like in excise of period of six month or i can avail in this any time

Anuj

1.Remuneration of MD
2.Remuneration of other Directors
Falls under what head?

As per my opinion the Expected Tax Rate Slabs for the cooming Finance Bill, Act 2008 will be as under:(individual only)

For individual(other than women & senior citizen):

upto Rs.1,25,000- tax rate-nil

12,5001-1,50,000-tax rate-10%

1,50,001-2,50,000-tax rate-20%

2,50,001-10,00,000-tax rate-30%

Above-Rs.10,00,000-tax rate-30%

surcharge being same as 10% in case of total income exceed Rs.10,00,000. Edu cess being constant at @ 3%

For a women being age below 65yrs.

upto Rs.1,65,000-tax rate-nil

1,6,5001-2,50,000-tax rate-20%

2,50,001-10,00,000-tax rate-30%

Above Rs.10,00,000-tax rate-30%

surcharge being same as 10% in case of income exceed Rs.10,00,000.

Edu cess being constant at @ 3%

For senior citizen (Age remain 65yrs. or above)

upto Rs.2,05,000-tax rate-nil

2,05,001-2,50,000-tax rate-20%

2,50,001-10,00,000-tax rate-30%

surcharge being same as 10% in case of income exeed Rs.10,00,000.

Edu cess @ 3%.

post your's opinion in this regards is it (A)Good, (B)Better, (C)Best,

(D)Not Bad, (E) very Rediculus.

from umashankar vaishnav

C.A.-Final

Hi,

One of my client is a outsourcing company wherein they supply manpower to corporate where the employee are on the payroll of my client in turn my client received the payment from the corporate. I would like in this case will it be covered under profession or contract for the purpose of TDS.

As per my opinion the Expected Tax Rate Slabs for the cooming Finance Bill, Act 2008 will be as under:(individual only)

For individual(other than women & senior citizen):

upto Rs.1,25,000- tax rate-nil

12,5001-1,50,000-tax rate-10%

1,50,001-2,50,000-tax rate-20%

2,50,001-10,00,000-tax rate-30%

Above-Rs.10,00,000-tax rate-30%

surcharge being same as 10% in case of total income exceed Rs.10,00,000. Edu cess being constant at @ 3%

For a women being age below 65yrs.

upto Rs.1,65,000-tax rate-nil

1,6,5001-2,50,000-tax rate-20%

2,50,001-10,00,000-tax rate-30%

Above Rs.10,00,000-tax rate-30%

surcharge being same as 10% in case of income exceed Rs.10,00,000.

Edu cess being constant at @ 3%

For senior citizen (Age remain 65yrs. or above)

upto Rs.2,05,000-tax rate-nil

2,05,001-2,50,000-tax rate-20%

2,50,001-10,00,000-tax rate-30%

surcharge being same as 10% in case of income exeed Rs.10,00,000.

Edu cess @ 3%.

post your's opinion in this regards is it (A)Good, (B)Better, (C)Best,

(D)Not Bad, (E) very Rediculus.

from umashankar vaishnav

C.A.-Final

while filing revised return , the original copy of first return should be enlosed or not?

Good Morning all of You
I'm Akhilesh kumar require a format of MOA and AOA of Dairy Cooperative Society/ any cooperative society.
If any one have Please forward on my mail Id akhilesh_nigam@yahoo.co.uk

I would be thankful to you
with regards
Akhilesh Kr.
Id akhilesh_nigam@yahoo.co.uk

we are importing raw material against advance licence and we do export to clear the the export obligation against advance licence. what is the accounting treatement when we are getting benifit of duty against advance licence