a co is purchasing air ticket and raising invoice like below. i want to ask whether it is fair or not:

Air Ticket : Rs. 10432
govt. s. tax: Rs. 65 (10432*.618/100)
service charge: Rs. 522
Total: 11019


i want to ask that the above company, who is actually a agent , needs to pay ST @ 0.6% on Airticket value OR @ 12.36% on Rs. 522( as this is the service charge which is its income)


Your Reply will be appreciated.

thanks

atul kr agarwal

Assessee is a Builder and developer. Makes payment for Sand. The Sand Dealer (SD), issues two invoices for some matter not know to assessee. Invoice no. 1 for sand which is minimum and Invoice no. 2 for transport. Generally transport bill is twice the sand bill.

Generally, the Dealer is same. But he issues two invoice.

Question:

1. TDS on such transport charges.

Hint:
Sand dealer is not into business of plying, hiring or leasing goods carriages.

In above case is TDS applicable?

Dear Fellow Brothers/Sisters,
One of my client offered commission income in previous year (a.y.2012-13) on raising debit note/bill. Whereas the payer accounted this amount as expenses in next year i.e. a.y.13-14 and deducted tds and paid the balance in next year.For this tds amount, the corresponding income has already been offered by recipient in previous year i.e. a.y 2012-13 without claiming tds credit,(as the same was not reflected in form 26as of the a.y.12-13). In the current year i.e a.y.13-14 form 26as,this amount is reflected.Now the question is how to the recipient could get the credit of the tds in current year without offering the income? Thanks in advance.

I had filed a Return A.Y. 2011-12 on dtd. 24/09/2011. The BSR Code is filed wrong in the return. Now Demand raised by the department. how can i made online rectification

if a doctor earn from profession fess rs. 21 Lacks & from Sales From Medical store as Business rs. 7 Lakhs then Audit u/s 44 AB require.
44 Ab says a person carrying profession than limit 25 lacks . in this case gross receipt below this limit & also limit in case of business 1 crore less from this limit ( i.e. 7 lacks).
so audit require or not

WHAT IS RATE OF TDS IF RESIDENT OF INDIA (INDIVIDUAL) COMMISION PAID TO FOREIGN COMPANY?

Help in the Below Cases

Being Advance received from One company is adjusted towards the sale made to the other company.

Will the above situation will make the payment to be add back to the profit as per Sec 40(a)(3) of Income Tax.

We have pharmaceutical manufacturing unit.
At other place we have R&D unit doing process research for our manufacturing unit.
Can any service tax on consultancy, excise duty paid on material/spares purchase etc be taken cenvate
in manufacturing unit.
Regards
Paresh zatakia
9833855518

Dear Experts......

While applying for Form-23 i received following reply from MCA..

"Company was incorporated in the year 2009 , no annual return and balance sheet was filed by the company after incorporation and company has not scanned copies of short notice and complete set of amended moa and aoa, . Form should be resubmitted by 12/06/2013 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956)"

Pls suggest the solution..

Assessee(individual for AY 12-13) had the following particulars:
1. Gross Tax payable: Rs. 103269
2. TDS : Rs. 72862
3. Advance paid by him is Rs. 8600 on 29/03/2012.

hE HAD EXTENDED HIS DUE DATE OF FILING RETURN U/S 143(1) TILL 31 AUGUST 2012 AND he filed his return on 31 August 2012.

plz tell me how much interest will he pay u/s 234 B