I want to pass entry for Receiving Tution Fee .

How to Pass Service Tax entry when mode of receipt is in Cash / Bank .

Kindly provide me Entry for the Same

Dear All,

Please confirm is ST under Reverse Charge Mechanism (RCM) is applicable for Labour Contract. Is there any difference in Service tax treatment for works contract and labour contract.


Regards

Kindly clarify the following.



I am staying in my own house (parental property and no loan availed on this). I have bought a new flat and I have let it out for rent. What is the maximum amount of tax benefit that I could take on the loan/interest-paid availed in this case?



I am staying in a rented place close to my new flat which I have bought recently and let it out for rent. What is the maximum amount of tax benefit that I could take on the loan/interest-paid availed in this case? Can I claim HRA on this?



I am staying in my own house (parental property and no loan availed on this). I have bought a new flat and I have let it out for rent. My spouse is the joint owner of the new flat. My spouse however is not working and will not claim tax exemption. What is the maximum amount of tax benefit that I could take on the loan/interest-paid availed in this case?

One of my client being a Pvt Ltd Co.covered under Works Contracts Services.So as per RCM the company is 100% liable for making ST payment after claiming abatement by virtue of ST notification 24/2012 i.e. 7.416%/4.944% as Service tax rate, as the case may be.

Moreover the company is also liable 50% of ST liability as service receiver for the input services from Service tax provider.

Now query is whether 50 % portion of ST liability paid as service receiver can be set off against its liability for output services as service provider or not.

Please reply soon.

Dear All,

Anybody having any income tax circular regarding deduction of Salary Tax on monthly on regular basis in the whole year.

Earlier we are deducting Tax on estimated basis but now we are hear it is mandatory to deduct TAX on every months on equal basis but still we are not having any departmental circular for showing to our employees.

Please arrange to send departmental circular in this regard.


Regards
Akbar

I m going to write my icwa syllabus 2012 exam in june 2014 only group one please say me some tips what is mre important to prepare and how to prepare
Is study material issued by institute and the rtp are enough to pass

Dear Expert

For applying married woman pan card for first time, i need to approach Gazzated officer...can any one please tell me that officer is only 1st class officer and from the same area or from any other city or area also would be fine?/

Thanks in advance

Hi,
My aunt purchased a shop in 1994 for Rs.2lac. She sold this in April 2014 for Rs.19lac. She is a house wife and not in a receipt of any other income so never filed any ITR.She is a senior citizen now. Please let me know the tax implications and any other way she can get exemption from tax provisions. She and her daughter in law purchased a house in feb 2014 which is financed by bank.can she use this sale proceeds in repaymnt of loan.first name in prperty is her daughter in law.Also can she transfer the amount to his son as gift into NRO joint account owned by both son and daughter in law.first name in account is her daughter in law. Both son and his wife are settled in Singapore since Jan2012 and have not come to India for more than 30days till date.please advice about all tax implications for my aunt and her son and daughter in law.

Can an executive director be appointed in two companies at the same time...Plz advice

Dear Sir,

If a person is working in an IT Co and earning 12000 per month.Is it compulsory to deduct ESI from the salary of an employee.As per my knowledge it is applicable only in Factories or manufacturing Companies.I just want to confirm is it beneficial for IT Employees?Can you please guide me from where I can get full knowledge of it.

Thanks.