SHEEJITH
This Query has 4 replies

This Query has 4 replies

07 January 2008 at 15:12

TRUST without 12A REGN

A public charitable trust receives corpus donation from trustees and other persons during the year 2005-06 and 2006-07

The trust has not taken 12A registraion. Now applying for regn

Whether the corpus donation is liable to tax ?


Amit
This Query has 2 replies

This Query has 2 replies

07 January 2008 at 14:56

I.P.O. Application

Whether a minor can have demat account ?
Whether a minor can make an application for shares via I.P.O. ?


Nick
This Query has 6 replies

This Query has 6 replies

Hi there. It would be GREAT help if u upload any or all of these subjects of CPT as ebooks so that i`d be able to study on comp at office..

Mercantile Law, Fundamentals Of Accounting, General Economics & Quantitative Aptitude.

Thanx in advance.


Gaurav Mahajan
This Query has 1 replies

This Query has 1 replies

07 January 2008 at 12:34

Taxability of freight income

X Ltd is in the business of selling & erecting towers for its telecome customers.This Co. Purchase towers from A. Ltd which delivered the towers at the site as per customer's (telecome co.) choice. A. Ltd is charging Freight from X Ltd. including the Am. of Service tax on transport.



X Ltd is charging its customer, Freight with certain amount of margin .



Will that margin is taxable under service tax as business support services or by any other means ?



Plz mention the relevant section/circular.


divya khanna
This Query has 2 replies

This Query has 2 replies

07 January 2008 at 12:19

querry regarding tax audit

what is covered under hire charges under section 194I?


Rajan Kapoor
This Query has 1 replies

This Query has 1 replies

07 January 2008 at 12:18

Service .Tax liabilty

Hi All,

I want to know something regarding service tax.
In case of service tax, if a person in India takes services of any person who is abroad, then the service tax liability is of the service receiver.

Now if an Indian has taken the services in aborad of any agent for arranging Foreign Currency Convertible Bonds and paid the agency commission in aborad out of the funds received through FCCB.
Now the question is whether we had received the services in aborad or India?

Your earlier response will be highly appreciated

Regards,
Rajan Kapoor
CA Final Student


Krupa
This Query has 3 replies

This Query has 3 replies

07 January 2008 at 11:39

TAX DEDUCTION AT SOURCE

I am a contractor(service). My contractee is making a deduction of 2.266% on total amount payable to me every month on the amount including service tax. my doubt is whether the amount on which TDS Rate is to be applied is inclusive of service tax or not.



Suresh
This Query has 2 replies

This Query has 2 replies

07 January 2008 at 10:53

TDS including Service Tax?

Hi

We are a Company paying rental to individual for building. We are deducting TDS under sec 194I at 15% + Sc + Cess on rental amount.

I want to know whether TDS to be deducted only on rental amount or including service tax & cess. If service tax & cess to be included, pls give notification no. / circular no. for reference.

Regards
Suresh


K.S.Senthilkumar
This Query has 1 replies

This Query has 1 replies

07 January 2008 at 09:43

Calculate ED incase of MRP sale

I have a formulation unit, and planning to get my products jobwork done and packed in my 'branded label' with MRP printed on it.

Pls. let me know what is the Excise Duty the jobworker charges in this case?

some body say '(MRP - 30%) x 16.48%' and others say it is '(MRP - 40%) x 16.48%'.

Kly. Guide me to right direction.

K.S.Senthilkumar


ANURAG SHARMA
This Query has 1 replies

This Query has 1 replies

07 January 2008 at 07:07

House Rent claim from Father

Dear Sir/Madam

I own a residential house. I am presently living with my parents in a rented house for which rent is paid by my father .My query is that whether I can claim rent from my father if they move with me at my owned residence as he is govt Bank employee and what would be its Tax implications on me and my father if any

Please help

Thanks and regards
Anurag Sharma
anurag_sharma777@rediffmail.com






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