how to make service tax entry in tally while ppreparing purchase entry ??

1) as per the definition of 'Input Service' inword transportation & outward transportation upto place of removal eligible for Cenvat Credit.

2) Sr. No. 7 of Notification No. 26/2012-ST dated 20.06.2012 states 'No Cenvat Credit' available if Service Tax paid on 25% of amount charged. (Abatement Scheme) and it will be treated as 'Exempted Service' and will be taken for the calculation under Rule 6 of CCR.

3) Under 'Reverse Charge' If Consignor, Consignee who is liable to pay freight is a company, then it is liable to pay Service Tax on GTA Service on 25% value, if GTA not availing Cenvat Credit, subject to obtaining a Certificate from GTA, otherwise, liable to pay on 100% value

4) as per the definition of 'Output Service' Services on which whole Service Tax Payable under reverse Charge is not an 'Output Service'

my query is

1) If we paid Service Tax under 'Reverse Charge' on 25% of amount charged, can we take Cenvat Credit on 'Inward Transportation', if not

2) Can we pay Service Tax on 100% of amount charged and avail Cenvat Credit on 'Inward Transportation.

A Non Resident Indian has returned to India for good in April 2013 after being abroad for about 20 years. Please clarify whether
1. His NRE deposits will continue to run as NRE deposits for the remaining period of maturity which is about 4 years (Bank is intimated about the return)
2. Interest on NRE deposits is taxable from the FY 2013-14 onwards
3. If the NRE deposit interest is taxable, is there any concessional rate of tax available?
Thanks in advance

Sir/Madam,

My client's father sold an ancestral property
in which my client has undivided equal share and received rs.30 lakhs as his share.


Now tell me what is the treatment of above issue in income tax?

Thanking you.

Is there any provision for the adjustment of excess interest paid on tds.
can we adjust the excess interest paid in the next month of the same quarter.
I had paid 7000/- interest on late payment of TDS instead of 5000/-/ for april month, can i adjust the excess interest of 2000/- in next may month whose interest liability is 6000/-.
if yes can you please help me with the provisions of it.

i am owner of construction company i want to sale my fixed assets tower crane value is 1980198+ cst 1% =19802+ cartage =20000 total value is2020000.00 i want to sales what is implement of sales tax

Hi, if principal is out of India, then who else can sign on his behalf on final examinationn form..?? Urgent please help!!

One of my friend is on articleship period since Feb,2013.She is now about to take to transfer since the work environment is not good.Now the problem is Her Principal is not giving her transfer despite of so many arguements she did with him.He even threatened her that she cannot do anything if she complains to the Institute.She is trapped altogether.Now what she should do??Can she cancel the agreement and start with a fresh articleship.
Thanks.
Suyash Tripathi.

Dear sir,

If i paid rs. 17lakh to GEB (gujarat electrical corporation) for expand power supply limit for expantion of business.

if this amt capitalized than iin which heading and calculate depreciation at which rate?

Hi,

I had changed jobs from one company to another company in May 2012 but didn't get around to transferring the PF balance till now. However, at the time of leaving that company I had given in writing to them that I would be transferring the PF balance to my new company and do not wish to withdraw the account. Few weeks back, while going through the Form 26AS for filling my ITR, I noticed that there was a tax credit done by the PF Trust of my previous company under Section 194A. The tax credit was of some Rs. 2000 on an amount of some Rs. 20000. I had immediately enquired with the company about this TDS deduction but since there's not much time left for filing of the IT return, I filed the return without declaring the Rs. 2000 under TDS nor the Rs.20000 amount under income.

After few days, I got a response from the company saying this: "Tax u/s 194A which is applicable to all those, whose interest earned on Provident Fund from the Date of Leaving (DOL) till Date of Settlement / Transfer, exceeds INR 5,000/- in a Financial Year. In your case the interest earned on your PF after your DOL was greater than INR 5,000 and hence tax @ 10% was deducted on this amount.".

Now my queries are:

1) Is the company's interpretation correct?
2) If the interpretation is correct, I guess I should file a revised ITR. In the revised ITR, should I declare the Rs. 20000 (for which the TDS of Rs.2000 was deducted) under the 'Income from other sources'?
3) If the interpretation is wrong, what should I do to recover the TDS?

Would be grateful for any help.

Regards