is service tax payable on tyre retreading services

Is there any minimum limit for issuing Cheque? Can i issue a Cheque Worth Rs 2/-?

Suppose EPS of A and B are Rs 2 and Rs 3 respectively. A wants to acquire B. Swap ratio-.5:1(1 sh of A for every 2 sh of B)
So wht. will be the equivalent EPS of B after merger. sh.cap. of A and B is 20000 and 30000 respectively.

I have solved in the foll. way.

shareholder of B earns rs3 for 1 share
so they will be earning Rs 6 for 2 shares.

therefore their equivalent EPS will be 6 in the post-merger .

One book has solved this in the foll. way.
Earings of A-40000 and B-90000
shares issued by A-15000.
total no. of shares of merged entity-35000
EPS of merged entity-130000/35000=3.7143
So equivalent EPS of B-3.7143X.5=1.8572
Now pl. tell me which approach is correct.

Dear Sir,

In this case the lease payments are made towards the car under operating lease scheme
The steps followed for the same by the company are:
1. Request for the car placed by the employee.
2. The authorized person approves for the same and the car is taken from Sundaram Finance on Operating Lease.
3. The amount paid towards the same is deducted from the concerned employees’ CTC
4. Treatment of the same transactions in the company:

As operating expenses for the company.
The company is paying FBT on the same.

However the same is nowhere reflected in the salary of the employee.

Doubts:

Since the amount is deducted from the CTC shouldn’t it form a part of salary???

If so the TDS liability on salary of this amount would come into picture.

Please clarify if FBT is applicable or TDS?????

I am a final student. I cleared PE-II in 1st attempt in May 2007. I am taking transfer and have some queries. Please read it and take time to answer them :

1.Can I use downloaded form 109 from institute's website for filling transfer details and form 102,103 for re-registration. I am asking this because the place for Official stamp of insti. in the forms are blank in the print-out of form. Is it ok to use that forms or is it that i have to take only the forms which are handed over to me by insti.'s office and contains official stamp?

2.From the date of transfer, within how many days my re-registration documents should reach institute?

3.Is there any restriction of number of transfers i can take during my 3 years of articleship?

4.I am doing my articleship in a firm in pune and my principal has got his membereship no. from western region.Since i planning to do articles from my home which comes under central region and since I am a central region registered student,i.e.-my registration no. begins with "CRO",where should i send my documents-to the western region or to the central region?

5.Is there any restriction of completion of six months of articleship befire taking first transfer or is it just a rumour?

....................................Please if you have the answer to the above query, take time to answer them and help me out.

To whom it may concern.

I am in PCC Level and doing articleship trainning. My PCC exam attempt is on May,2009. On NOVEMBER,2008 I will be eligible to attend PCC exam.It means on NOvember, 2008 my 15 months articleship trainning will be completed. Can I take leave after November, 2008 for the preparation my exam. I have talk to my priciple. He is allowing me the leave if i can take the leave.

with regards
Thank you!

What is the detailed procedure to claim rebate or issue bond by a merchant exporter e.g Forms required,formalities,fees etc.

Sir, company A has made a development agreement with the owner of the land so that the revenue will be shared between them in the ration 65:35. The whole property after development will be given on lease rent for commercial purpose. A property management agreement has been made with the other company B so that he will 2% of gross receipts and the total receipts comes in its name so that he will distribute the net amount after incurring the tax and expenses to the owner and company A in the ratio 65:35. So i am interested to know what is the service tax liabilty of renting of immovable property and to whom and if the property management service provided by the company B whether he is liable to pay any service tax on that service. and whether service tax liability of rent liable to whom.

sir
we have a partnership firm which do not carry on any transaction of sale or purchase during the year but we have incurred many expenditure.In this situation whether busness shall be deemed to have continued in the PY 05-06 for the purpose of setting off capital gain(S.Term)against business loss(Expenditure) U/S 71 as we have Short term Capital gain of Rs.250,000/- and business loss is Rs.300,000/(PY 2005-06).whether we can set-off Capital gain against Business loss or we have to Income Tax on capital gain.

one of my client xyz design(i) pvt ltd. deals in the interior design. They works as mgf. furniture such as workstation, table, chair & all these etc., They uses wood to mfg. this & also uses the labour. They raise invoice agst parties including vat 8%.(and they mentioned invoice as eg. providing & fixing tabel or workstation at client place) As the party is applicable for service tax ? Their turnover is above 40 lacs. can they should be raise their invoice including service tax as 12.3%? pls guide