Hi

Someone may please see the following queries and reply :

The Assessee (Individual) has raised 15 bills for Oct-Dec.

Out of 15 bills, 10 bills are for professional services and 5 bills are for reimbursement of govt. fees.

10 bills valued at Rs.1,00,000 (excluding Service Tax)
5 bills valued at Rs. 25,000

15 bills valued at Rs.1,25,000

Query1

In the field B1.1 Gross Amount – Is it appropriate to fill Rs.1,25,000 and

In the field B1.12 Any other amount claimed as deduction, please specify - REIMBURSEMENTS – Is it appropriate to fill Rs.25,000?

Hence, B1.14 NET TAXABLE VALUE shall be Rs.1,00,000


Ans : ……………….. Please confirm.


Query2

Please confirm, is it mandatory that the Assessee should report all his bills which also include reimbursements (like govt fees paid on behalf of client).

Ans : ………………..


Query3

What is this Field B1.9 Amount charged for exempted service provided?

Ans : ……………….. Please explain, if possible.


Thanks in advance for your replies.

Dear Experts,

A Private ltd Company is booking Hotel rooms and travel tickets for its clients both in India and Outside India? Lets us assume that it charges Rs. 50,000/- for Kashmir trip 4 days package including HOTEL and AIR TICKET. No other breakup in Invoice apart from these two. So on what amount Service Tax needs to be charged?

sir,i got professional fees sec.194j hence tds has been deducted in the p.y 12-13,i have already filed ITR 2 ,bt came to know that it was wrong itr filling,it would be ITR 4..so please tell me which form will be appropriate?And if itr4 is required to file then may i file ITR-4S as my prof.fees monthly 7ooo p.m please also tell the instruction of revised return and due date of last filling...thanking you

Sir,
What is the difference between schedule bank and co-operative bank?
And who will regulate the working of these bank??
Thanks

If a partnership firm is getting converted into a company, is there any procedure to continue with the same Service Tax and VAT Registration nos. or it has to cancel the old one and get a new registration nos.

Should Date of furnishing of the Audit Report and Date of Audit Report should be same or not?
For A.Y. 2013-14, Does DATE OF FURNISHING OF THE AUDIT REPORT means that the date of uploading FORM 3CB-3CD on the Income Tax e-filing Portal or that the date of Audit Report furnished by a CA??? Please clarify.

whether it is compulsary for a new form pvt. ltd. co to appoint an auditor one month after the incorporation. if com. failed to appoint auditor then what is the penalty or what the next step of co.

Need format of Installation Certificate for plant and machinery for internal control purpose.

Thank you in advance

My long term capital gain with indexation during the financial year 2012-13 is Rs 20,000/- and business income is Rs. 2,26,000/-. Iam also eligible for deduction under 80c for Rs.40,500/-.
Now, I want to know how to calculate my tax liability for asst yr 2013-14.

Sir,

Rs. 5 L, I had pre-construction interest available for rebate. I availed 2 L in first two years and in third year of possession I would like to sell the property. Should the pre-construction interest in total (i.e. Rs.3 L) be claimed in as interest on borrowed capital u/s 24 of Income from House property or cost of acquisition of property and reduced from the capital gain, if any.

Can anybody help me out for right treatment as per income tax return point of view.