Please let me know the procedures for refund of service tax to exporters as per notification no.40 given by the department.

Shall I approach with Service tax department or is there any form to claim service tax?

Your valueable advice will help me to move further. My Email ID- kannan@trademin.com

S.M. KANNAN

Is Expenditure on increase of Authorised Share Capital before the commencement of business allowable expenditure u/s 35D of IT Act 1961 ??

Amarjeet
9911011042

Can any adjustment be made in the ledger Accounts against CST paid on purchase & recived on Purchase.

DEAR

ONE OF OUR CLINET INVESTING IN SHARES THRO IPO BUY SELL IN SECONDRY MARKET , IF THERE INTRA DAY VOLUE ARE OTHER THAN 40 LACS IN RUPEE

IT IS NECESSARY TO DONE TAX AUDIT OF THEIR BOOKS OF ACCOUNTS AS PER NEW IT NOTIFICATION.


SANJAY

Whether sitting fees payable to directors falls under TDS provisions. If yes, under which Section of IT Act. Whether under 192 or 194J. If it is under above sections under what circumstances. Please substantiate with circular or judgements etc.

what is the use of 15G FORM in income tax?

which company are included in nifty & bse?

case : Owner co(telecom)shares its site with anothe telecom co. & the another co. install additional equipment for it smoot functioning.

Q Under which section TDS is attrected for site sharing & renting its space for additional equipment & at what rates.

Section 200 of the Companies Act prohibts tax free payment of salary. However, under the income tax, gross up clause is available. Please advise on the following situation:

An employee is to be paid net of tax salary; but the offer letter is to be made or worded in such a way that it complies with Section 200 of the Companies Act, 1956.

Pls advice.

Should Service tax be added and TDS be deducted on the following transaction?

Facts;
Instead of each company performing its own marketing activities, one company X in India is pooling their resources together to do what we call as cluster sales and marketing activities. Essentially, all the companies(including Company X) in India would contribute to a cluster fund. The fund is then used to hire sales people to promote group companies in India, and to perform different promotional activities.

Currently, all cluster activities are paid centrally by Comapny X. All cluster sales people are also hired by this X. The costs incurred are then shared by all group companies (including X). At the end of each month, Comapny X would bill the other group companies for their share of the costs.

Questions:

1. Would the above cost sharing arrangement trigger service tax? Should Comapny X add service tax when it's charging out the costs to the group companies? Note there is no profit element being added when Comapny X is charging the costs to group companies. All items are on a cost reimbursement basis.

2. Should TDS be deducted from the amount charged by Company X? If yes, under which section of the Income Tax Act?