I would like to know the liability of Service tax on service provided by a Company for transporting goods by road. Here consignor & consignee & service provider are all corporate entities/ companies.
Service provider has charged service tax on the transportation charges on the bill. Should the Consignee company( recipient) who pays the charges deduct & pay to Dept/ pay to Logistics company as charged in their bill?
Please advice.

Dear Experts,
If a person has 2 companies-one had made huge business losses and other has made profit,how can i make use of business loss to adjust my profit- Is there any legal provision for the same?

2. Can i adjust my previous business losses against current profit ? and pay tax only on remaining amount?


Suggest tax planning!!

1.While filling up Form-112 to seek permission for CS course...there is a part asking whether it is a "Correspondence Course" or "Involves Private Studies". Which one should I select?

2. Do I need to send the CS Registration Letter along with Form 112?

Please help.Thankyou

Dear Experts,
My query is whether inputs used in making Capital Goods is eligible for CENVAT Credit or not

If husband receive family pension after the death of his wife, whether he can claim the deduction of 15000 or 1/3rd.

Dear experts,

My salary structure contain fix quarterly bonus of 25000. The bonus of last quarter (Jan-Mar 2013) was paid to me with the salary of the month of April-2013 (on 5th May 2013).

Now in form 16 of Fy 2012-13 this 25000 bonus is not shown and will be shown in form 16 of FY 2013-14.

So in which year’s ITR I suppose to show above bonus of 25000 as income?

Dear sir,

For F.Y. 2012-13 (i.e. A.Y.2013-14) My employer has not given me form 16 generated from Traces. Although TDS is not applicable (i.e. ZERO) on my salary income for thiS f.y. 2012-13. But Still Is it compulsory for employer to give Form 16 from Traces only irrespective of whether TDS is applicable or not?. Because in my IT Return in ITR-1 , I have mentioned my Gross Total salary Income with my company Tan and name. So I understand that inspite of no TDS(ZERO TDS) , An entry for Salary income should reflect in Traces under my PAN A/C. but since my employer has not given me FORM 16 generated from traces , that income is not reflecting. However I have mentioned this income in ITR-1 as Salary. So is it valid ? kindly reply. Is it compulsory for employer to give form 16 generated from traces even though there is 0 tax ?

Dear sir,

For F.Y. 2012-13 (i.e. A.Y.2013-14) My employer has not given me form 16 generated from Traces. Although TDS is not applicable (i.e. ZERO) on my salary income for thiS f.y. 2012-13. But Still Is it compulsory for employer to give Form 16 from Traces only irrespective of whether TDS is applicable or not?. Because in my IT Return in ITR-1 , I have mentioned my Gross Total salary Income with my company Tan and name. So I understand that inspite of no TDS(ZERO TDS) , An entry for Salary income should reflect in Traces under my PAN A/C. but since my employer has not given me FORM 16 generated from traces , that income is not reflecting. However I have mentioned this income in ITR-1 as Salary. So is it valid ? kindly reply. Is it compulsory for employer to give form 16 generated from traces even though there is 0 tax ?

A person who was consultant receiving professi0nal fees during the first half of the year became the CEO in the second half. He is identified as key management person. Kindly clarify whether the amount paid to him as consultant to be disclosed under AS 18.

Mr. X is an individual. He has proprietorship firm. He earn profit from proprietorship business. He paid taxex. After paying tax he want to give his sister some amount of profit.

Is sister liable for tax? Due to this transfer her exemption limit exceed now.

how it is possible?

It is already profit after tax then why again, tax will levy?